Kanata-based firm now projecting revenues of between $355 million and $365 million for the fiscal year ending Dec. 31, up $10 million from its previous forecast in May.
The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since August 1998.
Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Kanata software firm, which keeps its books in U.S. dollars, said Friday it brought in revenues of just over $98 million in the first three months of 2022 – a 70 per cent jump from a year ago.
Ontario biz group urges province to beef up domestic manufacturing capacity, upgrade training programs
With provincial election looming, the Ontario Chamber of Commerce is also calling for “bold action" to remove barriers to interprovincial trade and make it easier to procure public-sector contracts.
The federal government plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy that's needed.
A high-profile pricing dispute that saw one of Canada's largest food makers stop shipments of chips and snacks to the country's largest grocer has been resolved.
Bank's latest Business Outlook Survey found that more than two-thirds of businesses anticipate inflation will be above three per cent, on average, over the next two years.
Coming out of the COVID-19 pandemic, an association of manufacturers and exporters worries the country will fall further behind competitors in peer nations without the right push now.