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Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report

A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space.

Survey shows employers, workers might be aligning on hybrid work

The new data from recruiting company Robert Half found that hybrid working arrangements were favoured by 54 per cent of hiring managers, compared with 49 per cent of professionals surveyed.

July home sales see largest annual rise in two years: CREA

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.

Cannabis company Canopy Growth signs deals with lenders to reduce debt

Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months.

Savour the City: Take a tour of some of Ottawa’s best secret garden patios

To help you make the most of the short-lived summer season, we’ve rounded up a handful of quiet courtyards and secret garden patios that let you take some air away from the noise of the city.

Barrhaven officials look to establish community as more than a ‘sleepy suburb’

As one of the province’s fastest-growing suburbs, Barrhaven is more than a bedroom community and has a lot to offer residents and businesses, officials say. 

Photonics firm Enablence closes $11M private placement to help finance expansion plans

Kanata-based photonics company said last week it closed an $11-million private-placement round with Pinnacle Island LLP and may issue an additional $1 million worth of convertible debentures in a second tranche.

Canadian economy holds steady in April as real GDP remains unchanged, StatCan reports

Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

A dip in inflation may not be enough to stop the BoC from raising rates next month

Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly.

Businesses’ changing credit usage a worrying trend: Equifax

New data suggests a significant shift in credit usage among businesses in the first quarter of 2023, Equifax Canada said.

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