With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned despite the threat the Omicron variant poses to growth, analysts said. Last week when it left the key overnight rate at 0.25 […]
Tag Archives: business
OTTAWA — Hunting guides, hit hard by COVID-19 restrictions on travel keeping foreign customers out of the country, are turning to ecotourism, including wildlife viewing, snowmobiling and guided hikes, to keep their business alive during the pandemic. The body representing Canada’s outfitters says far more of their members have been opening up their cabins and […]
OTTAWA – The 40-strong team of workers at the Canadian Federation of Independent Business that takes calls from the association’s members has been hearing a lot about loans. Federal loans, specifically. As the clock ticked down to 2022, so too did the deadline for those businesses to repay federal pandemic loans under […]
By Staff The Canadian Press Posted December 17, 2021 8:22 am Smaller font Descrease article font size –A Larger font Increase article font size A+ The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold. […]
It started in the 30s, came back in the 50s and was huge in the 70s, but who goes roller skating in 2021? A new Edmonton business is hoping that answer is lots of people, as Rollers Roller Rink attempts to reignite the fad activity at its new location on St. Albert Trail. […]
An Ontario township council has unanimously voted to bring in a four-day work week for its employees following a successful pilot project. Council for Zorra Township, a community of 8,138 people between Kitchener and London, Ont., shifted from a traditional work week to working 10-hour days for four days each week for its 30 full-time […]
TORONTO – Canada’s main stock index closed the week essentially unchanged to cap off a losing week, while U.S. markets fell after the Federal Reserve’s latest moves to fight inflation. The S&P/TSX composite index closed down 0.77 of a point to 20,739.01 after moving lower at the end of the day after hitting […]
“We’re about to be joined by a very important customer,” said Christian Braun, CEO of collectible e-commerce company hobbyDB, during a recent Zoom meeting with his marketing team. “Over to you, Nick.” That’s St. Nick, actually. A jolly ho-ho-ho-ing Santa entered the virtual room ringing a bell and turning the meeting’s energy level up at […]
SAN JOSE, Calif. – The jury that will decide whether former Theranos CEO Elizabeth Holmes turned her blood-testing startup into a massive scam finally got the case late Friday after a three-month-long trial that captivated Silicon Valley. The hand-off came after lawyers for the opposing sides wrapped up a second day of painstaking […]
BUFFALO, N.Y. – The National Labor Relations Board confirmed a vote Friday to form a union at a Starbucks store in Buffalo, meaning the coffee retailer, for the first time, will have to bargain with organized labor at a company-owned U.S. store. “We don’t want to fight Starbucks — we’re asking them to […]