Canada & World

Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.

Feds went with simple rules for benefits to speed up COVID-19 aid, Morneau says

Finance Minister Bill Morneau says imposing hard and fast rules about who can receive federal aid to weather the economic shock from COVID-19 was the only way to get the money out the door quickly

Unemployed during COVID-19? Here’s how to navigate federal programs

Here's a quick look at some of the federal COVID-19 benefit programs and who qualifies for assistance

RBC expects home sales to dive 30%, prices to decline because of outbreak

Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says

Large business, non profits, charities eligible for wage subsidy, Trudeau says

Prime Minister Justin Trudeau says large and small businesses, non-profits and charities will all be eligible for a 75-per-cent subsidy on wages meant to cushion the blow from the COVID-19 pandemic

Competition watchdog warns against Air Canada’s proposed deal to buy Transat

Air Canada's proposed acquisition of Transat AT Inc. likely will hinder competition and result in less choice for Canadian travellers, the Competition Bureau says

Here’s what Trudeau is offering small businesses struggling amid COVID-19

Small and medium business owners and entrepreneurs got a boost from Prime Minister Justin Trudeau on Friday as he handed more out relief for companies grappling amid COVID-19

Bank of Canada cuts key interest rate target to 0.25%

The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement

Netflix reduces video quality in Canada to lower internet bandwidth use

Netflix is lowering video quality for its subscribers in Canada as it attempts to reduce soaring demands on internet bandwidth in the midst of the COVID-19 pandemic

CMHC expanding insured mortgage purchase program to $150B, up from $50B

Canada Mortgage and Housing Corp. is expanding its insured mortgage purchase program to $150 billion as part...

Realtors push back on non-essential sales, adopt safety measures amid outbreak

Ontario Real Estate Association president Sean Morrison said the designation of realtors in the province as an essential service means it should be used only when necessary
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Ottawa is evolving fast. Key developments are impacting all sectors and sizes of business, from AI, innovation and talent to city building and global competitiveness. Who’s making sure business has a strong voice at every decision table? The Ottawa Board of Trade. Join the Ottawa Business Journal publisher Michael Curran and OBOT president and CEO Sueling Ching for a dynamic conversation about how OBOT is shaping Ottawa’s economic future, and how business leaders can leverage their network, influence, and momentum to grow. What you will learn: -- How OBOT advocacy helps shape pro-growth policy, investment, and city-building decisions that strengthen the region’s economy. -- The tables, events, and networks where decision-makers meet, partnerships form, and ideas become action. -- How OBOT equips businesses with visibility, market intelligence, influence, and relationships that drive growth year-round.
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