firms-businesses

Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys

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The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more

Makers of COVID-19 protective equipment seek over $5 billion in damages from Ottawa

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Canadian manufacturers of masks and other equipment for protecting against COVID-19 are seeking more than $5 billion in damages from the federal government, saying Ottawa misled them about buying and helping to sell their products. In a statement of claim filed in Federal Court, the companies and their industry association allege the government made “negligent … Read more