Business News

The Canada Business News Centre offers you quick access to the business news of the day.

  1. The Canada Employment Insurance Commission (CEIC) today made available the Actuarial Report and its summary for the 2022 Employment Insurance (EI) premium rate. The rate is set at $1.58 per $100 of insurable earnings for employees and $2.21 for employers who pay 1.4 times the employee rate, which is unchanged from the 2020 and 2021 premium rate.
  2. The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping of oil country tubular goods, originating in or exported from the Republic of Austria, has caused injury to the domestic industry.
  3. The Canadian International Trade Tribunal today found that the dumping and subsidizing of certain upholstered domestic seating, originating in or exported from the People’s Republic of China and the Socialist Republic of Vietnam, have caused injury to the domestic industry. Anti-dumping and countervailing duties will therefore be collected by the Canada Border Services Agency. The complainant in this case was Palliser Furniture Ltd., of Winnipeg, Manitoba.
  4. The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping of oil country tubular goods, originating in or exported from the United Mexican States, has caused injury to the domestic industry.
  5. The Canadian International Trade Tribunal today initiated an inquiry to determine whether the dumping of certain small power transformers, originating in or exported from the Republic of Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and the Republic of Korea, has caused injury or is threatening to cause injury. This final injury inquiry was initiated further to a notice received from the Canada Border Services Agency stating that a preliminary determination had been made respecting the dumping of the above-mentioned goods.
  6. Canada has some of the strictest travel and border measures in the world, and is prioritizing the health and safety of Canadians by continuing to take a risk-based and measured approach to re-opening its borders.
  7. The Canadian International Trade Tribunal today found that the dumping and subsidizing of certain grinding media, originating in or exported from the Republic of India, have caused injury to the domestic industry. Anti-dumping and countervailing duties will therefore be collected by the Canada Border Services Agency. The complainant in this case was Magotteaux Limitée of Magog, Quebec.
  8. Black Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic racism and obstacles in starting and growing their businesses.
  9. The COVID-19 pandemic has placed an immense strain on retail-oriented main street businesses and small- and medium-sized enterprises (SMEs) over the past 16 months.
  10. Small and medium-sized enterprises (SME) will be crucial to Canada’s economic recovery by generating growth and creating jobs
  11. The Canada Border Services Agency (CBSA) is committed to protecting Canadians and permanent residents from unethical immigration consultants. Today, following an extensive criminal investigation, the CBSA announced charges related to an alleged sophisticated for-profit misrepresentation and immigration fraud operation in Calgary.
  12. Black Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic racism and obstacles in starting and growing their businesses. This has been further exacerbated by the COVID-19 pandemic.
  13. Regional air transportation is crucial to ensure reliable passenger connectivity, that merchandise circulates, supply chains are maintained, and regional economic growth continues. The pandemic has had major impacts on regional air transportation ecosystems, affecting economies, communities, and local businesses.
  14. Skilled tradespeople from across the country have been critical to essential sectors during the COVID-19 pandemic, and their expertise is in high demand. This demand is expected to remain high over the next 10 years, as over 700,000 skilled trades workers are expected to retire between 2019 and 2028, creating an ever-growing need to recruit and train thousands more. The Government is making targeted investments so that key groups facing barriers—such as women, newcomers, Indigenous people, persons with disabilities, and visible minorities including Black and other racialized communities—can better find work in the skilled trades through projects led by unions and their partner organizations.
  15. Today, the Honourable Patty Hajdu, Minister of Health, announced that more than 2000 local pharmacies have registered to distribute rapid antigen tests to small and medium-sized businesses and non-profit organizations – this includes independent pharmacies, Rexall, Sobeys and Shoppers Drug Mart pharmacies in Alberta, Saskatchewan, Manitoba and Ontario.
  16. The Government of Canada is taking action to further improve the safety and security of Canada’s rail system, especially in light of the impacts of climate change and severe weather on railway operations.
  17. The Canadian economy has been greatly affected by the COVID-19 pandemic, and many sectors and Canadians have been disproportionally impacted. In response, the Government of Canada has a broad plan to support hard-hit sectors, help businesses adapt and thrive, and give Canadians the skills they need to find good, quality jobs as our economy recovers.
  18. List of Successful Projects
  19. It has been a challenging year for Canadians. Yet this would have been an even greater challenge without the countless contributions made by volunteers, not-for-profit organizations, social enterprises and businesses across the country to support and strengthen our communities.
  20. FedDev Ontario invests over $23 million to bring people back to southern Ontario’s main streets, supporting recovery of almost 5,000 local businesses and protecting more than 3,000 jobs
  21. The Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, will announce funding to create employment training opportunities for persons with disabilities.
  22. In recent years, the pulp and paper sector sector has faced global competitive challenges due to shifts in consumer demands, lower prices, and supply shortages. Mills continue to innovate to remain competitive in a challenging environment. The University of British Columbia - BioProducts Institute is receiving funding to support this innovation.
  23. Pacific Economic Development Canada will better serve the needs of local businesses, communities, and people in British Columbia.
  24. Government of Canada fueling community revitalization and creating the conditions for local economies to thrive as they rebound from the effects of COVID-19
  25. Prairies Economic Development Canada will better serve the needs of local businesses, communities and people in Alberta, Saskatchewan, and Manitoba.
  26. Everyone deserves an equal and fair chance at success. Social purpose organizations play a fundamental role in helping communities across Canada tackle a range of pressing social issues. However, many need support to expand their capacity and acquire new skills. In the years to come, a strong social purpose sector will be critical in rebuilding the economy in addition to addressing other priorities in our communities, like unemployment, poverty reduction, reconciliation, gender equality and anti-racism.
  27. Network to boost the development and commercialization of natural products and technologies in Canada
  28. Fisheries and Oceans Canada and the Province of Newfoundland and Labrador are pleased to announce a total contribution of more than $11 million across 36 projects that focus on equipment modernization and improving productivity and sustainability in the fish and seafood sector of Newfoundland and Labrador.
  29. Local primary producer and food processor plans for digitization
  30. The Government of Canada, in partnership with the Government of British Columbia, is working toward a green and sustainable economic recovery that will create good jobs and secure the long-term growth and competitiveness of our economy.
  31. The Honourable Mary Ng, Canada’s Minister of Small Business, Export Promotion and International Trade, and the Honourable Ravi Kahlon, British Columbia’s Minister of Jobs, Economic Recovery and Innovation, are today announcing a partnership to accelerate the development and testing of integrated markets for clean technologies in Canada, using British Columbia as a test bed. Integrated markets—where buyers come together to flex their purchasing power and provide important sales opportunities for small and medium-sized enterprise (SME) innovators—can be a winning formula for boosting Canadian clean technology and exporting it to a global customer base.
  32. Canadian entrepreneurs are world leaders in developing diverse clean technologies while advancing the Canadian economy. Despite COVID-19 disruptions and uncertainties, Canadian cleantech companies responded with agility, ingenuity and resilience to advance our global leadership.
  33. FedDev Ontario to announce support for high-growth tech companies across southern Ontario
  34. The Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will make an important announcement in Hamilton.
  35. This is why today, the Honourable Deb Schulte, Minister of Seniors and Member of Parliament for King–Vaughan, announced a $5-million FedDev Ontario investment in the Automotive Parts Manufacturers' Association (APMA) to support Project Arrow, the automotive industry’s first Canadian-made, zero-emission concept vehicle. This announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
  36. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Deb Schulte, Minister of Seniors, announced the second phase of Connecting Families, which will help connect hundreds of thousands of low-income seniors and families to affordable high-speed home Internet in 2022.
  37. The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED, will announce financial assistance for several organizations under the Regional Air Transportation Initiative.
  38. Targeted ACOA support for Prince Edward Island’s air ecosystem will help maintain jobs, re-establish regional connections
  39. FedDev Ontario to announce support for first-of-its-kind innovative automotive industry project
  40. Irek Kusmierczyk, Member of Parliament for Windsor–Tecumseh, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important announcement for Windsor-Essex.
  41. Ottawa, Ontario, August 9, 2021—The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping and subsidizing of certain container chassis, originating in or exported from the People’s Republic of China, have caused injury to the domestic industry.
  42. Today, the Honourable Pablo Rodriguez, Leader of the Government in the House of Commons and Member of Parliament for Honoré-Mercier, and Rachel Bendayan, Parliamentary Secretary to the Minister of Small Business, Export Promotion and International Trade and Member of Parliament for Outremont, on behalf of the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced an investment of up to $7.2 million for Shop Local promotions across Quebec to encourage people to shop locally. The Minister and Parliamentary Secretary were joined by Charles Milliard, President and CEO of the Fédération des chambres de commerce du Québec (FCCQ).
  43. The Sherbrooke-based business will produce high-purity ethanol and create 28 jobs in the region.
  44. Ottawa, Ontario, August 6, 2021—The Canadian International Trade Tribunal today continued its orders made on October 30, 2015, in Expiry Review No. RR-2014-006, concerning the dumping of refined sugar originating in or exported from the United States of America, Denmark, the Federal Republic of Germany, the Netherlands and the United Kingdom, and the subsidizing of the aforementioned goods originating in or exported from the European Union.
  45. The Honourable Pablo Rodriguez, Leader of the Government in the House of Commons and Member of Parliament for Honoré-Mercier, on behalf of the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, will make an announcement on support for Shop Local initiatives in Quebec. The Minister will be joined by Rachel Bendayan, Parliamentary Secretary to the Minister of Small Business, Export Promotion and International Trade, and by Charles Milliard, President and CEO of the Fédération des chambres de commerce du Québec.
  46. As we continue our pandemic recovery, businesses are once again reopening their doors to Canadians. Already, we are seeing the economy returning to its pre-pandemic levels, and employers on their path to recovery are hiring in increasing numbers. For several years, Quebec has been experiencing workforce recruitment challenges, and even though the pandemic had a significant impact on unemployment in the province, worker shortages remain a problem.
  47. The Government of Canada is committed to renewing and strengthening its economic relationship with Indigenous entrepreneurs and communities by providing increased economic opportunities to First Nations, Inuit and Métis businesses through the federal procurement process.
  48. Today, Terry Beech, Parliament Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and to the Minister of Economic Development and Official Languages and Member of Parliament for Burnaby North—Seymour, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, along with Lisa Beare, B.C.’s Minister of Citizens’ Services, announced over $17.3 million in funding for 4 projects that will bring high-speed Internet to over 2,000 households in Cariboo regional district and in Indigenous communities of the Thompson-Nicola regional district in rural British Columbia.
  49. Élisabeth Brière, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Economic Development Agency of Canada for the Regions of Quebec), will announce Government of Canada financial assistance to support the start-up of 96 Plus, an innovative new SME whose mission is to produce highly pure ethanol.
  50. Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedNor), and Anthony Rota, Member of Parliament for Nipissing-Timiskaming, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, together with Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade and Member of Provincial Parliament for Nipissing, and Ross Romano, Ontario’s Minister of Government and Consumer Services and Member of Provincial Parliament for Sault Ste. Marie, on behalf of the Honourable Kinga Surma, Ontario’s Minister of Infrastructure and Member of Provincial Parliament for Etobicoke Centre, will announce an investment to improve high-speed Internet access in Northeastern Ontario.