OTTAWA -- Bank of Canada governor Stephen Poloz says he needs to keep interest rates at historically low levels to head off the risk of a deflationary trap that would have dire consequences for the Canadian economy.
Cenovus Energy Inc., a major developer of Alberta oilsands properties, plans to reduce its capital spending by 13 per cent next year to $2.8 to $3.1 billion, it announced Thursday.
Bombardier Inc. has won a firm order from American Airlines Group Inc. for 30 of its CRJ900 regional jets valued at about $1.42-billion (U.
The latest development at Tim Hortons falls in line with new chief executive Marc Caira's aim to make the chain more appealing to younger customers.
Ottawa startup Shopify, which makes software used by thousands of businesses to sell their products online, has raised $100 million to expand its software for retailers to use in their physical stores.