small business news

Inflation dip won’t be enough to stop another bank rate hike: analysts

OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank […]

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Economic growth beats expectations with 3.1% gain in Q1: StatCan – Business News

Economy beats expectations The Canadian Press – May 31, 2023 / 5:58 am | Stories: 429444 Photo: The Canadian Press The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beating out the federal agency’s own forecast of

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Stellantis EV battery plant could cost Canada $19 billion in subsidies

Breadcrumb Trail Links News energy Electric Vehicles Commodities The price tag may reach as much as $19 billion over a decade, far exceeding the $13 billion promised to Volkswagen Author of the article: Bloomberg News Brian Platt and Gabrielle Coppola Published May 31, 2023 • Last updated 1 day ago • 3 minute read Prime

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Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week

The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after

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Google, Meta executives push back against Canada online news bill

[1/2] A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren TORONTO, May 3 (Reuters) – Google and Meta would withdraw access to news articles in Canada if legislation compelling internet companies to pay news publishers is passed, company executives told Canadian

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Second Nature Brands hires Chris Caswell as CFO

DETROIT — Second Nature Brands, a better-for-you brand acquired by CapVest Partners LLP last April, has named Chris Caswell as its new chief financial officer. Before joining Second Nature Brands, Mr. Caswell was CFO at Welch Foods Inc. for four years. Previously, Mr. Caswell held positions at retail company Clarks Americas, academic intervention company Resiliency

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Strong consumer interest seen in Mondelez snacking survey

CHICAGO — Rising costs and economic setbacks haven’t been enough to deter strong consumer interest in snacking, according to Mondelez International, Inc.’s fourth annual State of Snacking report. The report, released Jan. 16, analyzed global consumer snacking habits and decisions. Overall, the report revealed a maintained interest in snacking that continues to increase. Like in

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