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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.

Popular children’s store West End Kids closes after 25 years in Westboro

Popular children’s clothing store West End Kids closed both its locations earlier this year and reportedly owes creditors just over $900,000.

Region’s annual rate of housing starts plummets in May, CMHC says

The annual pace of housing starts in Ottawa-Gatineau plummeted 71 per cent in May as new builds of condos, apartments and other types of multi-unit housing projects fell sharply, the Canada Mortgage and Housing Corp. reported Thursday.

Proptech firm 1VALET eyes Middle East expansion as revenues soar

Proptech venture 1Valet says it’s poised to expand into markets such as the United Arab Emirates and Saudi Arabia over the next 12 months as its platform gains momentum.

Feds release ‘disposal list’ of NCR properties

The federal government this week released a list of several properties that it is planning to dispose of in the National Capital Region.

Ottawa Centre MP hopes CMHC, feds can play role in funding downtown office conversions

Ottawa Centre MP Yasir Naqvi says he’s hoping federal agencies such as the Canada Mortgage and Housing Corp. will play a role in funding projects that would convert decaying downtown office buildings into apartments or other uses like hotels, schools and performing arts spaces.

Home goods store KOTi 28 brings Finnish design aesthetic to the Ottawa Valley

Retired educator Angie MacCrae has embarked on a journey to bring her lifelong passion for Finnish design and home goods to her hometown of Arnprior with KOTi 28, named for the Finnish word for “home.”

Techopia-EY Insights op-ed: Balanced growth needed to entice investment in local tech sector

The capital tech market has opportunities for Ottawa’s tech businesses—if they’re willing to demonstrate value based on balance rather than growth at all costs.

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