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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

Hudson's Bay is expected to be back in court Monday, when it will ask a judge to approve a $6-million deal to transfer three of its leases to B.C. mall owner Ruby Liu.
Bank of Canada hoping for better look at 'complicated' inflation picture

Bank of Canada hoping for better look at 'complicated' inflation picture

Financial data shows the consensus among economists is that inflation ticked up to 1.8 per cent year-over-year last month.
Liberals, Conservatives pass major projects legislation in House of Commons

Liberals, Conservatives pass major projects legislation in House of Commons

OTTAWA — Conservative members of Parliament voted with the minority Liberal government to pass its marquee major projects legislation Friday evening, setting it up to become law before Canada Day.
Updated: Layoffs at Wesgroup add to Vancouver condo industry’s woes

Updated: Layoffs at Wesgroup add to Vancouver condo industry’s woes

Company’s CEO cites ‘deeply stalled condo market’ and ‘cost-of-delivery crisis’
B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs

B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs

TORONTO — An agreement Hudson’s Bay signed to sell about two dozen leases to a B.C. entrepreneur has encountered a major barrier, new court filings show: landlords who own the properties are overwhelmingly opposed to her moving in.
Federal power to sidestep Indian Act removed from major projects bill

Federal power to sidestep Indian Act removed from major projects bill

OTTAWA — The federal government's major projects legislation was amended by opposition parties on Wednesday to withdraw the power the bill gave cabinet to sidestep the Indian Act, following weeks of criticism from First Nations leaders.
Home construction must double over next decade to restore 2019 affordability: CMHC

Home construction must double over next decade to restore 2019 affordability: CMHC

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.
Budget officer says he expects ramped-up defence spending to deepen deficit

Budget officer says he expects ramped-up defence spending to deepen deficit

OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more clarity from Ottawa, he can't say for sure.
Downtown office divide grows as 'trophy' towers outperform in Vancouver

Downtown office divide grows as 'trophy' towers outperform in Vancouver

Colliers says Vancouver’s AAA office market ‘improving faster than most major cities’
Almost half of B.C. tenants skimping on groceries to afford rent, says survey

Almost half of B.C. tenants skimping on groceries to afford rent, says survey

But Royal LePage report says renters may benefit from improving market conditions