Statistics Canada GDP data for August shows economic growth was essentially flat in August despite a rebound in retail trade that more than offset a decline in July. Wholesale trade, meanwhile, fell 1.4 per cent in August, as most subsectors contracted.
Prime Minister Mark Carney says his government will invest up to $1.6 billion in Canadian AI company Cohere.
Rogers Communications has been ordered to pay a $15-million fine by Canada's Competition Bureau related to an "Infinite" cell phone plan.
In a letter to Stelco's president dated Thursday, Industry Minister Mélanie Joly said she would meet with the company but first wanted to see a solid plan to bring back workers who are off the job. The letter is the most recent back-and-forth between the American owners of the Hamilton steel plant and the federal government.
Some of Canada's biggest banks say they will block AI agents like Meta’'s popular Muse assistant from directly accessing accounts and other information of their clients.
Rising cost pressures and tough regulatory scrutiny over the treatment of gig workers have spurred deals in the industry, with many smaller players being eaten up by competitors in recent years.
The Bank of Canada's first rate hike in three years will boost borrowing costs, weighing on an already battered real estate market. Rates for variable mortgage holders and those with new fixed rate mortgages will see higher monthly payments as a result.
Bank of Canada governor says rate hike to 2.5% was needed in face of persistent inflation....
A poll of 50 CEOs of large Canadian companies shows nearly half are eyeing smaller, more productive workforces with the help of AI.
At least 18 carriers are asking the federal government to extend their pilots' maximum flight duty period by an hour a day, saying the current rules prevent them from managing the frequent delays that disrupt air travel in the North.
Stelco’s Ohio-based parent company says that after "an exhaustive review of its compliance with each of its 34 undertakings," it is in "full compliance" with the obligations it made under the Investment Canada Act when it bought steelmaker Stelco in 2024.
Microsoft said on Monday it is offering voluntary buyouts to more than a quarter of its global workforce — including in Canada — as the technology giant looks to contain costs and help fund its massive AI investments.
Under the agreement, WestJet will start by placing its airline code on Qatar Airways' non-stop flights to Doha from Toronto and Montreal.
The companies say Umios plans to establish High Liner Foods as the core platform for its North American business, while maintaining its headquarters in Nova Scotia.
Artificial intelligence giant Anthropic filed papers on Monday for what could be the biggest initial public offering of stock ever.
Canada's economy is weak, but inflation is rising. The Bank of Canada has to choose which problem to take on. Raising interest rates will weaken the economy further while lowering rates would make inflation worse. The central bank decides what to do on Wednesday.
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