FTC fines Facebook $5B, pins privacy onus on Zuckerberg
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business
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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.
Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister
Quebec Economy Minister Pierre Fitzgibbon said Wednesday the province will not offer financial help to SNC-Lavalin Group Inc. in spite of the construction giant’s woes
Feds officially launch contract to supply 88 new fighter jets
Canada is officially asking four companies to send in their bids to supply a new fleet of fighter jets for the Royal Canadian Air Force
Bank of Canada lowers qualifying rate used in mortgage stress tests
The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in
Study says rents in most cities are unaffordable for lower income earners
A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country’s rental market that also
Five Canadian business stories to watch this week
June’s inflation numbers are among the stories to keep an eye on this week in Canadian business
Bank of Canada holds interest rate, warns of drag from global trade tensions
The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with global trade conflicts
Five Canadian business stories to watch this week
Housing starts data, an interest rate announcement from the Bank of Canada and earnings from Couche-Tard are all slated for this coming week
Ontario commissioner recommends updating privacy laws to prepare for smart cities
Ontario’s information and privacy commissioner is calling on the provincial government to review and modernize its privacy laws to prepare for the ‘risks inherent’ with
Feds’ carbon pricing law constitutional, Ontario’s top court rules
The federal government’s carbon pricing scheme is constitutionally sound and has the critical purpose of fighting climate change, Ontario’s top court ruled in a split
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The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
