Report finds immigrant wage gap costing Canada $50 billion a year in GDP
The growing wage gap between immigrants and Canadian-born workers is costing the country $50 billion each year, according to a new report from RBC Economics
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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.
Five Canadian business stories to watch this week
An update to the LeBreton Flats development process and Canopy Growth’s annual general meeting are on tap this week
Ontario’s cannabis Crown corporation lost $42 million in latest fiscal year
Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents
Farm Boy-owner Empire Co. beats on earnings as it pushes for cost savings, streamlining
Empire Co. Ltd. says it has largely completed major structural changes as part of a turnaround plan but it is already looking to the next
Preventing drone disruptions at the Ottawa Airport
Less than a week before Christmas last year, drone sightings brought London’s Gatwick Airport to a standstill. Hundreds of flights were cancelled, stranding an estimated
Five Canadian business stories to watch this week
The latest housing starts figures and earnings from retailers Roots and Hudson’s Bay Co. are due out this week
WestJet scrubs 737 Max from busy winter holiday schedule, affecting thousands
WestJet Airlines Ltd. is removing its grounded Boeing 737 Max jets from its schedule until at least Jan. 5, affecting thousands of passengers with travel
Bank of Canada holds interest rate as it takes stock of trade war impacts
The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on
Air Canada files challenge with federal regulator over Onex’s WestJet takeover
Canada’s biggest airline argues the $3.5-billion takeover would breach federal rules that limit foreign ownership of carriers
CRTC launches review of cellphone financing to probe fees by telecoms
Canada’s telecom watchdog has launched a review of new cellphone financing plans to ensure they comply with an industry code of conduct
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