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
Skip to content
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.
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
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 of its response to the COVID-19 crisis. The
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
Feds plan $30M ad buy to help media deal with COVID-19 fallout
The federal government announced Wednesday that it is planning a $30-million COVID-19 awareness advertising campaign and moving closer to implementing long-promised tax credits for newspapers
Ontario introduces $17B COVID-19 package; more than doubles deficit
The spending boost includes a $1-billion COVID-19 contingency fund, nearly $1 billion more for hospitals, and more personal protective equipment for front-line workers
Liberals rejig benefits for workers affected by COVID-19
Finance Minister Bill Morneau said the measure allows companies to temporarily let go of workers to cut payroll costs and leave money in the affected
Small business confidence falls to record low amid COVID-19 pandemic, CFIB says
The Canadian Federation of Independent Business says small business confidence has fallen to a new low amid the COVID-19 pandemic
Business, labour groups say Liberals’ COVID-19 wage subsidy too little to help
A growing number of business and labour groups are urging the federal Liberals to up their promised wage subsidy to help companies hit hard by
Ontario set to temporarily reduce hydro rates: Ford
Ontario has slashed the price of hydro temporarily as many people work from home during the COVID-19 pandemic
Get our email newsletters
Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.
The Latest
Video
OBJ360
Sponsored
Sponsored
The Ottawa Hospital Foundation’s Campaign to Create Tomorrow
The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
EXPERT BLOGS
Sueling Ching
