Ottawa

While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said.

Local business officials are calling for a compromise on the Queen Elizabeth Driveway that would encourage “active transit” while also addressing the concerns of businesses and residents. 

C-COM Satellite Systems’ revenues fell more than 30 per cent in the second quarter compared with a year earlier due to continued “sluggish market conditions” driven by fears of a looming recession and “anxiety related to geopolitical tensions,” the firm says.

This summer, La Bottega Nicastro is celebrating 100 years since J. Sosa first opened, and the memories could fill an entire shelf of scrapbooks. 

Colonnade BridgePort says it plans to build five residential highrises with upwards of 1,200 units on property near the Blair LRT station it purchased earlier this year.

Carlingwood Shopping Centre, which opened in 1956 and now contains the country’s largest Canadian Tire store, has been put on the market.

Stoneworks has experienced a growth spurt during the pandemic, but will now get a chance to prove its mettle on a bigger stage after being acquired by Toronto-based Fulcrum IT Partners.

Mark Marsolais-Nahwegahbow is using coffee to build his company into a social enterprise that brings awareness to issues impacting Indigenous communities.

Martello Technologies has sold $2.5 million worth of stock to Terry Matthews-controlled Wesley Clover International in a non-brokered private placement aimed at helping the Kanata firm fund its operations as it shifts to a new software platform.

“Johannes Ziebarth's support for the mental health community appears to know no bounds," said Chris Ide, president of The Royal Ottawa Foundation for Mental Health.