Business News

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

  1. The COVID-19 pandemic continues to impact the everyday lives of Canadians, particularly young people who are facing unprecedented challenges, with fewer jobs, disruptions in their studies and overall uncertainty of the future.
  2. Today, Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), announced Sarnia–Lambton’s official designation as a Foreign Trade Zone (FTZ) Point—a single point of access to resources and information relating to programs that relieve duties, tariffs and taxes for businesses engaged in importing and exporting.
  3. Today, the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo, announced a FedDev Ontario repayable contribution of over $1.9 million for Swenco Ltd., one of North America’s leading manufacturers and distributors of components for the safety footwear industry, to expand operations for the full-time production of COVID-19-related PPE.
  4. The Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo, 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 Waterloo.
  5. Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), will make an important virtual announcement in Sarnia.
  6. The Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth; on behalf of the Honourable Patty Hajdu, Minister of Health, announced the launch of the StaySafe™ COVID-19 Rapid Screening Program in Ontario’s Waterloo Region, through a $430,000 investment from the Safe Restart Agreement.
  7. On behalf of the Honourable Patty Hajdu, Minister of Health, the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth, will announce federal support for a COVID-19 rapid screening program.
  8. Thanks to a $19.8-million joint investment made as part of Canada–Quebec Operation High Speed, more than 1600 households in the Mauricie region will have access to Cogeco high-speed Internet services by September 2022. The announcement was made today by the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry and Member of Parliament for Saint-Mauricie–Champlain; Jean Boulet, Quebec’s Minister of Labour, Employment and Social Solidarity, Minister Responsible for the Mauricie Region, and Member of the National Assembly for Trois-Rivières, Sonia LeBel, Minister Responsible for Government Administration, Chair of the Conseil du trésor, Member of the National Assembly for Champlain, Simon Allaire, Member of the National Assembly for Maskinongé, Marie-Louise Tardif, Member of the National Assembly for Laviolette–Saint-Maurice and Philippe Jetté, President and Chief Executive Officer of Cogeco. The investments announced will accelerate the deployment of reliable, high-performing infrastructure in the following municipalities:
  9. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $14 million in Redline Communications to produce next-generation telecommunications products that will help industries such as the mining, utilities, and oil and gas sectors make their operations safer and more productive.
  10. Today, Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development and Member of Parliament for Long Range Mountains, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced over $379,000 in federal funding to bring high-speed Internet to rural residents of Newfoundland and Labrador, with an additional investment of over $1 million from Bell Canada. This project will help connect 1,184 underserved households to high-speed Internet in the communities of Goose Cove, Great Brehat, St. Anthony, St. Anthony Bight and St. Carols.
  11. Today the Competition Bureau issued a market study notice in relation to its ongoing study of the health care sector. The notice presents the three broad topics of study: data and information, products and services and health care providers.
  12. The Verschuren Centre and four companies receive federal support to further develop and commercialize products, support the growing network of biotechnology firms
  13. Government of Canada supports growing biotechnology cluster in Cape Breton
  14. Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in Newfoundland and Labrador. A media availability will follow.
  15. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Patty Hajdu, Minister of Health, launched five multidisciplinary infectious disease modelling networks that will receive $10 million in funding to strengthen ties between the academic community, industry and the public sector. The results will significantly improve the coordination of infectious disease modelling to help Canada better respond to future public health threats.
  16. Today, Jennifer O’Connell, Parliamentary Secretary to the Minister of Health and Member of Parliament for Pickering–Uxbridge, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced over $200,000 in federal funding for two projects to bring high-speed Internet to 130 underserved households in the Pickering communities of Greenwood and Whitevale, Ontario. Bell Canada is investing an additional $273,000.
  17. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Anita Anand, Minister of Public Services and Procurement, welcomed the shipment of the first Canadian-made 3M N95 respirators manufactured in the newly expanded Brockville, Ontario, facility. This expansion was made possible through an investment of $23.335 million from the Government of Canada’s Strategic Innovation Fund. The new facility employs 30 full-time workers. As part of this investment, 3M has also committed to maintaining a minimum of 1,130 full-time jobs across Canada.
  18. The agriculture and agri-foods sectors support quality jobs for Canadians and are of vital importance to the Canadian economy. That is why today, the Honourable Jim Carr, Special Representative for the Prairies, announced more than $2.94 million to help Alberta-based BioNeutra to double its manufacturing capacity and better compete in global markets.
  19. Today, 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, announced a total FedDev Ontario investment of nearly $1.5 million through Regional Relief and Recovery Fund (RRRF) to support four companies in the Chatham–Kent region, the world’s largest freshwater commercial fishing port and one of Ontario’s key fish- and seafood-processing regions.
  20. Mike Kelloway, Member of Parliament for Cape Breton-Canso, and Jaime Battiste, Member of Parliament for Sydney-Victoria, will announce funding to five organizations for innovative research and development projects to grow the region’s biotechnology sector.
  21. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement regarding the publication of the 2020 Corporations Canada C-25 diversity disclosure data report:
  22. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Anita Anand, Minister of Public Service and Procurement; the Honourable Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade; the Honourable Steve Clark, Member of Provincial Parliament for Leeds–Grenville–Thousand Islands and Rideau Lakes and Ontario Minister of Municipal Affairs and Housing; and Penny Wise, President of 3M Canada, will participate in an event to mark an important milestone in domestic manufacturing of personal protective equipment.
  23. Today, Sean Fraser, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Middle Class Prosperity and Associate Minister of Finance, and Member of Parliament for Central Nova, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced $4.46 million in funding for the Municipality of Pictou County to bring high-speed Internet to rural residents of the community. With a contribution from the municipality of Pictou County of $3.32 million, this project will connect many underserved households to high-speed Internet in Pictou County and may create the opportunity for improved cellular coverage in the area.
  24. Irek Kusmierczyk, MP 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 virtual announcement in support of local fish and seafood processing sector.
  25. The Competition Bureau has announced two important updates related to its filing fees for merger reviews which take effect immediately in accordance with the Service Fees Act.
  26. Today, Adam van Koeverden, Parliamentary Secretary to the Minister of Diversity and Inclusion and Youth and to the Minister of Canadian Heritage (Sport) and Member of Parliament for Milton, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced $441,200 in funding for Bell Canada to bring high-speed Internet to rural Ontario residents. Bell will contribute $1,286,200 toward this project that will connect 756 underserved households to high-speed Internet in the following communities and surrounding rural areas: Ashgrove, Campbellville, Carlisle, Cedar Springs, Freelton, Hornby, Morriston, Waterdown and other areas just outside Milton.
  27. On March 31, 2021, the Canadian Intellectual Property Office is launching electronic patent issuance.
  28. COVID-19 protective equipment, increased storage capacity and equipment upgrades help rural businesses remain viable and safe
  29. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario repayable contribution of $2.9 million to support the growth of two Burlington-based companies: AceAge Inc. and Gerrie Electric Wholesale Limited (Gerrie Electric).
  30. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario investment of $14.6 million to support the long-term growth of six Toronto-based tech firms.
  31. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Patty Hajdu, Minister of Health, announced an investment of up to $415 million to support Sanofi Pasteur Limited (Sanofi) in building an end-to-end influenza vaccine manufacturing facility in Toronto, Ontario. This new facility will ensure drug product formulation, fill-and-finish and inspection. As part of this project, Sanofi will invest more than $455 million as well as create and maintain 1,225 highly skilled jobs in Canada. The Government of Ontario will also invest $55 million, making this a $925-million project. In addition, the company will also invest at least $79 million a year to fund Canadian research and development
  32. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Patty Hajdu, Minister of Health; the Honourable Doug Ford, Premier of Ontario; the Honourable Victor Fedeli, Ontario Minister of Minister of Economic Development, Job Creation and Trade; and His Worship, John Tory, Mayor of Toronto, will announce a significant investment to support Canada’s future pandemic preparedness.
  33. The Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in southeastern Ontario. A media availability will follow the announcement.
  34. The COVID-19 pandemic has highlighted how much we rely on our connections. Now more than ever, Canadians across the country need access to reliable high-speed Internet as many of us are working, learning, and staying in touch with friends and family from home. Right now, too many Canadians living in rural and remote communities lack access to high-speed Internet. Through the Universal Broadband Fund (UBF) Rapid Response Stream, the Government of Canada is taking immediate action to get Canadians connected to the high-speed Internet they need.
  35. The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important virtual announcement in Burlington. The Minister will be joined by the Honourable Karina Gould, Minister of International Development and Member of Parliament for Burlington.
  36. Women entrepreneurs are crucial to Canada's economic success, and supporting their success is key to ensuring a strong, inclusive recovery from the COVID-19 pandemic.
  37. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a FedDev Ontario investment of $6 million for Innovation Factory, which will work alongside the Synapse Life Science Consortium to launch the Southern Ontario Pharmaceutical and Health Innovation Ecosystem (SOPHIE).
  38. The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important virtual announcement in support of technology innovation in Toronto. Minister Joly will be joined by Marci Ien, Member of Parliament for Toronto Centre.
  39. The Competition Bureau announced today that it has laid multiple criminal charges against four companies and three individuals in connection with an alleged conspiracy to commit fraud and rig bids for condominium refurbishment services in the Greater Toronto Area (GTA).
  40. The Canadian International Trade Tribunal today initiated an expiry review of its order made on April 18, 2016, in Expiry Review No. RR-2015-001, to determine if the expiry of the order is likely to lead to continued or resumed dumping and subsidizing of steel grating originating in or exported from the People’s Republic of China and is likely to result in injury.
  41. Government of Canada investment helping the fish and seafood sector in two Cape Breton communities remain strong
  42. The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister FedDev Ontario, will make an important virtual announcement in Hamilton. Minister Joly will be joined by the Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas.
  43. The Canadian International Trade Tribunal today continued its finding made on July 3, 2015, in Inquiry No. NQ-2014-003, concerning the dumping and subsidizing of photovoltaic modules and laminates originating in or exported from the People’s Republic of China.
  44. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement regarding updates to the 2016 Guidelines on the National Security Review of Investments, issued under the Investment Canada Act (ICA).
  45. The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, will participate virtually in the Women Entrepreneurship Conference, a month-long event series presented by the Women Entrepreneurship Knowledge Hub. The Minister will deliver closing remarks at the final session, the State of Women Entrepreneurship in 2021.
  46. Government of Canada to host Diversifying the Federal Supply Chain SummitCanada’s Procurement Ombudsman will host the Diversifying the Federal Supply Chain Virtual Summit on March 23-25, 2021.
  47. Canada’s agri-food producers have been hit hard by the economic impacts of the pandemic. The Government of Canada is committed to providing them the resources they need to support our economic recovery and emerge stronger and more competitive than before. Central to this is supporting their growth to meet customer demands—within Canada and globally—while creating new jobs for Canadians, in communities large and small.
  48. The COVID-19 pandemic has highlighted how much we rely on our connections. Now more than ever, Canadians across the country need access to reliable high-speed Internet as many of us are working, learning, and staying in touch with friends and family from home. Right now, too many Canadians living in rural and remote communities lack access to high-speed Internet. Through the Rapid Response Stream of the Universal Broadband Fund (UBF), the Government of Canada is taking immediate action to get Canadians connected to the high-speed Internet they need.
  49. The COVID-19 pandemic has underscored how too many Canadians living in rural and remote communities lack access to high-speed Internet. More than ever, Canadians need access to reliable high-speed Internet that helps us work, learn, and stay in touch with friends and family from home. Through the Rapid Response Stream of the Universal Broadband Fund (UBF), the Government of Canada is taking immediate action to connect all Canadians to high-speed Internet.
  50. Upgrades to Nova Scotia fish farm will increase production, create jobs in Indigenous community