Ottawa Business Journal

Annual inflation rate hits 30-year high, raising pressure on Bank of Canada

Statistics Canada reported Wednesday that the annual pace of inflation climbed in December to 4.8 per cent, a pace that hasn’t been seen since September

Hexo unveils expected savings from strategic plan, facility reconfiguration

Ottawa

Cannabis firm says its plan, which was unveiled last month after its debts mounted and its co-founder left the business, will deliver about $175 million

Bird e-scooters take flight, successful season for Canada-owned company as Ottawa usage soars

Ottawa

Company says usage of its vehicles in the capital increased by 52 per cent compared with 2020 to a total of 244,467 rides.

‘A plethora of empty rooms’: No Winterlude, no February, hoteliers lament

Tourism

Bookings disappear, revenues dry up after city’s biggest annual winter tourism event is put on ice for the second year in a row due to

Grocery store closures loom amid labour, product shortages

Canada & World

Grocery stores are struggling with rising labour and product shortages that could threaten Canada’s food security, experts say.

‘Office space is going to evolve’: Why brokers remain bullish on the future

Non-Residential

Local real estate experts say that while office space is here to stay, it will likely be configured very differently once people start returning to

Broccolini among big buyers in Cornwall Business Park land grab

Eastern Ontario Business Journal

Cornwall council last week approved the sale of 158 acres of land at the industrial park, which is located in the east end of the

Calling all rising business stars: 2022 Forty Under 40 nominations now open

Ottawa

This year marks the 25th edition of the prestigious event, which has honoured more than 900 local business leaders since its inception.

Ottawa-Gatineau housing starts nosedive in December: CMHC

Residential

Builders started work on 393 new dwellings in the region last month, a steep drop from the 1,074 starts recorded in December 2020.

Canadian home sales set new record in 2021, topping previous high by 20%: CREA

Residential

Canadian Real Estate Association said Monday that about 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average.