Ottawa

Ottawa’s retail recovery a ‘mixed bag’ as downtown struggles, other areas bounce back: Experts

After bottoming out during the pandemic, Ottawa’s retail sector is “coming back with a vengeance” in neighbourhoods like the Glebe while still struggling in the pandemic-battered downtown core, a new report says.

Cannabis price ‘race to the bottom’ hurts market’s future: OCS CEO

"Once you condition consumers to certain prices, it may take a generation to change perceptions and price tolerances," said David Lobo, Ontario Cannabis Store president and chief executive.

Tech layoffs fuelling rise in severance complaints, lawyer in Shopify class-action suit says

A lawyer who has launched a class-action lawsuit on behalf of recently laid-off Shopify employees says he’s seeing a rise in complaints from tech workers across the province who allege they’re not receiving adequate termination pay amid mounting job cuts in the sector.

Intouch Insight boss ‘pleased’ with SaaS growth despite 3% drop in overall revenues in Q1

Intouch Insight, which specializes in customer survey and data collection software, reported revenue of $5.1 million in the three-month period ending March 31.

Ottawa well-equipped to weather storm as VCs adjust to new normal, BDC exec says

A new report says Canada’s venture capitalists are being more cautious with their investments after a historically frothy year in 2021 – but activity at Ottawa-based VCs should remain fairly steady thanks to their focus on seed and early-stage deals, an expert says.

Ottawa company Frisby Tire acquired by Kal Tire

Ottawa’s Frisby Tire has been acquired by British Columbia-based Kal Tire, the two companies announced. 

Federal control of Wellington Street would be ‘catastrophic,’ one business leader argues

While talks about Wellington Street continue between the city and federal government, business leaders are clear: keep it open and under municipal control.

Ottawa industrial market shows signs of cooling, report says – but rents keep rising

A new report suggests Ottawa’s industrial market “may have reached a peak” after a pandemic-fuelled e-commerce boom triggered unprecedented demand for warehouse space, but it says rents are still expected to rise amid an ongoing supply shortage.

Global security environment prompts important questions for defence industry

To highlight some of the issues facing the defence industry, both nationally and locally, OBJ spoke with Canadian Association of Defence and Security Industries (CADSI) vice-president of business development Steven Hillier.

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