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Ottawa’s Iridian Spectral Technologies poised to expand after being acquired by U.S. firm

Producer of optical filters plans to expand its 43,000-square-foot manufacturing facility near Hunt Club Road to about 60,000 square feet before the end of the year.

SoPa organizer says downtown revival is coming — and Sparks Street could be its ‘crown jewel’

With union members still out on picket lines in full force, Bar Robo owner Scott May says he’s currently enjoying “far and away” the busiest week at his downtown coffee, cocktail and live music venue since the pandemic began more than three years ago.

BoC expected to hold interest rate this week, even as economy keeps some steam

The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot.

Ottawa-Gatineau’s unemployment rate holds steady at 4.1% in March

Total employment in Ottawa-Gatineau clocked in at 812,500 in March, compared with 811,700 the previous month, StatCan said in its latest labour market report. 

Downtown Ottawa’s office vacancy rate hits record high of 13.2% in Q1: CBRE

Several prominent local real estate experts say they expect vacancies to keep rising as businesses rethink their space requirements.

Home prices, sales still well below highs seen last year: OREB

Members of the Ottawa Real Estate Board sold 1,194 residential properties in March, a 40 per cent drop from a year earlier and well below the five-year average of 1,698 sales for the month.

Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.

LeBreton Flats remains ‘destined choice’ for new Sens arena, biz leaders say

Speculation about alternate locations heated up last week when Mayor Mark Sutcliffe suggested the prime parcel of development land just west of downtown “is not the only option” for a new rink.

‘It’s like living in a friggin’ museum’: Ottawa must be a ‘people first city,’ one thought leader argues

In light of current remote work trends, particularly among knowledge workers, the city needs to create a downtown that serves as the heart of human experience, says Andrew Penny.

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