promoted

Top central banker says raising bank's benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the country.

Ottawa Real Estate Board president Penny Torontow said “unrelenting high demand” for housing is driving up prices despite the bump in supply. 

Under the agreement announced Thursday, Leamington-based Tilray will acquire up to US$211 million of senior secured convertible notes that were issued by Gatineau-based Hexo.

Coming off a record year in 2021, local sector will continue to benefit from attractive cap rates, solid market fundamentals and a backlog of capital, firm says in its latest outlook.

A “perfect storm” of circumstances means more millennials are migrating away from urban areas, with one of the driving factors being a lack of affordable and accessible housing, builders told.

Maker of supply-chain management software said Wednesday it’s projecting revenues of between US $335 million and US$345 million for the 12-month period ending Dec. 31.

Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc. and will be led by Sunwing CEO Stephen Hunter.

Housing experts say prospective homebuyers hoping Wednesday's interest rate hike will cool the country’s heated real estate market will likely be disappointed.

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation, which is at its highest level since 1991.

Ottawa-based cleantech firm named to TSX's Venture 50 list after its shares rose 300 per cent last year.