Household disposable incomes grew faster than debt in Q1, StatCan says – National
By Staff The Canadian Press Posted June 13, 2024 1:25 pm 1 min read Descrease article font size Increase article…
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Are you self-employed? What to know as tax filing deadline approaches – National
Canadians who are self-employed must file their 2023 income tax and benefit returns by Monday, June 17. The official due…
Canadian Western Bank shares soar after announcing deal with National Bank
By Staff The Canadian Press Posted June 12, 2024 1:10 pm Updated June 12, 2024 1:11 pm 1 min read
OSFI sees mortgage stress test ‘imbalance’ at renewal but rules not changing yet – National
Canada’s banking regulator conceded to members of Parliament that there’s an “imbalance” in how the mortgage stress test is applied…
Bank of Canada should consider better communication of monetary policy: IMF – National
Descrease article font size Increase article font size The Bank of Canada should consider better communication of its monetary policy…
Rate cut not enough to get most Canadians off housing market sidelines: poll – National
The first interest rate cut from the Bank of Canada in more than four years will not be enough to…
Liberals introduce capital gains tax changes. Here’s what to know – National
Finance Minister Chrystia Freeland says the government’s proposed changes to capital gains taxes tabled Monday are the “defining measure” of…
Will the Oilers and F1 boost Canada’s economy? Where the impacts could be felt
The Edmonton Oilers’ Stanley Cup playoff run and the Formula One Montreal Grand Prix will bring zero net economic impacts…
GameStop stock soars as ‘Roaring Kitty’ reveals US$116M bet – National
GameStop shares surged more than 70 per cent premarket on Monday after “Roaring Kitty” Keith Gill, the stocks influencer behind…
3 months after Fintrac hack, experts say Canada missing out on financial intelligence – National
A critical reporting tool used by Canada’s anti-money-laundering watchdog has been offline for three months creating an intelligence gap that…
Can a single rate cut make waves in Canada’s housing market? What to know – National
The Bank of Canada’s first interest rate cut in over four years on Wednesday will have a “psychological” impact on…
A rate cut is in the cards. Here’s what might hold the Bank of Canada back – National
The economic stars appear to be aligning for the Bank of Canada to deliver an interest rate cut on Wednesday,…
Gas prices have dropped in Canada. Will summer bring more relief? – National
Canadians planning a road trip this summer could see some relief at the pumps but a volatile energy market and…
Bank of Canada to announce latest interest rate decision. Will it cut? – National
By Staff The Canadian Press Posted June 5, 2024 7:35 am 1 min read Descrease article font size Increase article…
‘I am in church’: Woman’s $1M lotto victory and how she shared her excitement
A woman from a small New Brunswick town said she was on the verge of tears after discovering she had…
NDP wants price cap on grocery staples if costs don’t come down – National
By Staff The Canadian Press Posted June 4, 2024 7:40 am 1 min read Descrease article font size Increase article…
Is now the time to invest? Canadians are split on that decision – National
Amid uncertainty in the economy and the still-present pressures of inflation, a new survey shows the country is split on…
Flight costs are likely to continue rising, industry group warns – National
The cost of your next flight is likely to go up. That’s the word from the International Air Transport Association,…
TD Bank gets ‘negative’ outlook downgrade amid money-laundering probes – National
Descrease article font size Increase article font size Fitch revised the outlook on Toronto-Dominion Bank’s credit ratings to “negative” from…
RBC, CIBC wrap up bank earnings with better-than-expected profits – National
Royal Bank of Canada (RBC), the country’s No.1 bank, on Thursday surpassed analysts’ expectations for quarterly profit, driven by strength…
Should Canadian bank customers, investors worry about money laundering probes? – National
Ongoing anti-money laundering probes at TD Bank and penalties levied at other Canadian financial institutions aren’t likely to have a…
Grocery weight label complaints more than doubled in a year, data shows – National
The number of complaints about grocery weight labelling filed to Canada’s food regulatory authority has gone up in the past…
Who has opened an FHSA, and how much are they saving? What CRA data shows – National
Freshly released data from the Canada Revenue Agency reveals just how much the typical saver was able to put into…
How did Canada’s economy fare in Q1? StatCan to release GDP data – National
By Staff The Canadian Press Posted May 31, 2024 7:42 am Updated May 31, 2024 7:45 am 1 min read…
WestJet Encore averts potential pilot strike with tentative deal
WestJet Encore and its pilots reached a deal Thursday after two weeks of negotiations, steering clear of a potential strike this…
Trudeau wants to maintain home prices while pushing affordability. Is it possible? – National
The federal government is aiming to make housing affordable for younger Canadians while retaining property value for existing homeowners, Prime…
Mortgage risks have likely more than doubled amid higher rates, CMHC says – National
Risk in the mortgage market has likely more than doubled since 2019, according to new research by the Canada Mortgage…
Quebec City or Edmonton? Who’s moving where for affordable housing
Real estate professionals would use the old phrase “drive until you qualify” to give prospective homebuyers in Canada’s biggest cities…
Gen Z’s debt load is surging. Here’s why, and how they can manage it – National
Younger Canadians may be feeling a bigger burden from higher interest rates than older cohorts, with a new report from…
Indigo to go private. What changes could the retailer make off public markets? – National
A bid to exit publicly traded markets could give Indigo Books & Music the “nimbleness” needed for the struggling retailer…
Canadians feel grocery inflation is getting worse despite steady cooling: poll – National
Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as…
Most Canadians ‘really need’ a vacation, poll shows. But can they afford it? – National
A new survey suggests that a growing number of Canadians are hoping to squeeze in a summer getaway despite persistent…
TD Bank tops earnings estimates despite U.S. anti-money laundering probe – National
TD Bank on Thursday reported better than expected quarterly earnings helped by strength in Canada and its wealth management unit,…
Inflation is cooling. But polling shows financial stress is still heating up – National
Canadian households have gotten good news on the cost-of-living front so far in 2024, with monthly inflation figures showing prices…
Canadian banks set to report latest results as mortgage shocks continue – National
While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable…
Inflation continues to cool. So is the Bank of Canada ready for rate cuts? – National
Economists and market watchers are firming up their bets for Bank of Canada interest rate cuts after another soft inflation…
Nestle to target American Ozempic, Wegovy users with US$5 pizzas – National
Nestle will market a new, US$5 line of frozen pizzas and protein-enriched pastas in the United States which it says…
Red Lobster files for bankruptcy protection. Will restaurants remain open? – National
Descrease article font size Increase article font size U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection…
Walmart reports another strong quarter as it draws in wealthier shoppers – National
Walmart Inc. reported another quarter of strong quarterly results Thursday as its low prices pull in shoppers scouring for discounts…
Housing affordability just improved in Canada – mostly in these expensive cities – National
A “trifecta” of conditions in Canada’s housing market last quarter translated into the biggest improvement in affordability since 2019, National…
‘We’re rich’: Couple now millionaires after playing same lotto numbers for 38 years
A couple from Nova Scotia say they’re permanently throwing in the towel on housework after waking up $5-million richer on…
Are home inspection conditions back in the cards? What buyers should know – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing…
Tenants don’t have to foot unpaid tax bills for foreign landlords: minister – National
The Canada Revenue Agency will not go after tenants for tax owed by their landlords living out of the country,…
Heading out for the May long weekend? Here’s what to expect for gas prices – National
Canadians hitting the road this May long weekend won’t need to worry too much about a big jump at the…
Loblaw agrees to sign grocery code of conduct. Why it took so long – National
Loblaw Cos. Ltd. said Thursday it’s ready to sign on to the grocery code of conduct, paving the way for…
CRTC grants Canadian content spending relief for Corus, but says other asks must wait – National
Canada’s broadcasting regulator has granted Corus Entertainment Inc.’s request to ease some of its Canadian content spending requirements after the…
Listings surge met few buyers in April. What that means for spring housing market – National
A surge in new listings but a lack of demand from buyers is putting the Canadian housing market in its…
Used vs new cars: Which market is offering the better deal? – National
Canadians shopping for a new vehicle this spring and summer might find a bit of relief from recent years of…
Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to know – National
Many Canadian homeowners have felt the pain of higher interest rates when it’s come time to renew their mortgage, but…
GameStop stock soars after ‘Roaring Kitty’ who drove meme frenzy resurfaces – National
Shares of videogame retailer GameStop jumped more than 50 per cent in early trading on Monday after “Roaring Kitty,” a…
Closing sales begin at Ted Baker, Brooks Brothers and Lucky Brand in Canada – National
By Staff The Canadian Press Posted May 13, 2024 11:52 am 1 min read Descrease article font size Increase article…
Apple unveils new, larger iPad models. How much do they cost? – National
Apple on Tuesday introduced a new, larger consumer iPad model at a virtual event, putting a slightly newer chip in…
Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why? – National
Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according…
Fintrac fines crypto exchange Binance Holdings $6M – National
By Staff The Canadian Press Posted May 9, 2024 11:44 am 1 min read Descrease article font size Increase article…
Delivery issue: Why Canada Post ‘must change’ to avoid collapse – National
Canada Post is continuing to bleed money amid fundamental shifts in mail delivery, pushing the Crown corporation to signal that…
Shopify stock sinks as it warns of slower growth amid tepid consumer spending
Descrease article font size Increase article font size Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two…
Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’: MEG Energy
The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands…
Canadian insurer rolls out pilot to assist in wildfire home protection
Wildfires are already burning in parts of Western Canada and with warnings of a particularly active season yet again this…
Loblaw CEO ‘more optimistic’ than before on grocery code of conduct – National
Loblaw Cos. Ltd.’s new chief executive said he’s “cautiously optimistic” that the company will be able to come to an…
Nearly 60% of retirees are supporting adult children financially, survey finds – National
The majority of Canadian retirees are supporting their adult children financially, which they say is having a negative impact on…
How caregiving impacts a generation of Canadians: ‘Unpaid work does not end’ – National
A series of demographic forces reshaping Canada has left many adult Canadians “sandwiched” between unpaid caregiving responsibilities for the generations…
TD Bank hit with $9.2M fine over failing to report suspicious transactions – National
By Staff The Canadian Press Posted May 2, 2024 12:01 pm 1 min read Descrease article font size Increase article…
Air Canada says post-COVID ‘revenge travel’ slowing as profits fall
Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up….
Galen Weston calls Loblaw boycott ‘misguided criticism’ – National
Loblaw chairman Galen Weston, as well as the company’s new chief executive, pushed back on what they called “misguided criticism” of…
Can the Bank of Canada cut rates before the U.S.? What Macklem, economists say – National
The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from…
Loblaw boycott: Will Canada’s biggest grocer feel the pinch? – National
An online campaign urging shoppers to boycott Loblaw stores is unlikely to leave a lasting scar on the company’s bottom…
U.S. Fed says it won’t cut rates until it has ‘greater confidence’ on inflation – National
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan…
Capital gains tax changes aren’t in the budget bill — but still coming: Freeland – National
A plan to change how capital gains are taxed in Canada is not included in the Liberals’ bill to implement…
Climate change is affecting how Canadians plan to buy homes, report says – National
As Canada is braces for another record wildfire season, the climate crisis is bleeding into another major challenge facing Canadians…
Capital gains changes spur cottage market ‘anxiety.’ Will owners rush to sell? – National
Looming changes to how capital gains are taxed are spurring some “anxiety” in Canada’s cottage country, some real estate experts…
Loblaw boycott: CEO responds to plans from ‘deeply unhappy’ customers – National
A boycott targeting Loblaw is gaining momentum online, with what could be thousands of shoppers taking their money elsewhere in…
Ikea Canada cut prices on 800 items this month. Which ones? – National
Descrease article font size Increase article font size Amid a cost-of-living crisis, Ikea Canada says it has lowered its prices…
University students in N.S., P.E.I. facing highest debt in Canada: study
Students graduating from post-secondary schools in Nova Scotia and Prince Edward Island have some of the highest student loan debt…
Interest rate cuts likely to be ‘gradual’ amid inflation risks: Bank of Canada – National
The Bank of Canada’s top policymakers have a “diversity of views” about when they expect interest rate cuts to start,…
Do Canadians have an appetite for electric vehicles? Experts are divided
By 2028, a Honda manufacturing plant in Alliston, Ont., should be ready to pump out 240,000 electric vehicles (EVs) every…
Do you need to own a home to be wealthy in Canada? How renters can get ahead – National
Graham Isador says it feels strange to think about himself as one of the “lucky ones” in Toronto’s notoriously unaffordable…
Investing tax refunds is low priority for Canadians amid high cost of living: poll – National
Only one in 10 Canadians plan on investing their tax refund this year as other financial demands take priority, a…
Is home ownership only for the rich now? 80% say yes in new poll – National
The cost-of-living crisis facing Canadians is only getting more bleak, according to new polling that shows everything from buying a…
Meta stock sinks as investors ‘caught off guard’ by AI spending plans – National
Shares of Meta Platforms sank nearly 15 per cent on Thursday, sparking a selloff in big tech stocks after the…
Canadians more likely to eat food past best-before date. What are the risks? – National
Grocery price inflation may finally be slowing across Canada, but as some food costs remain high, a new report has…
More financial institutes are offering crypto-services, survey shows – National
Investing in cryptocurrencies is picking up steam, according to a new survey, even in the face of potential volatility and…
Capital gains changes are ‘really fair,’ Freeland says, as doctors cry foul – National
Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland are continuing to defend the 2024 federal budget’s proposed changes to…
What is a halal mortgage? How interest-free home financing works in Canada – National
The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing…
Budget 2024 failed to spark ‘political reboot’ for Liberals, polling suggests – National
The 2024 federal budget failed to spark a much-needed rebound in the polls for Prime Minister Justin Trudeau’s trailing Liberal…
Proposed Roll Up to Win class action has no merit, Tim Hortons says – National
Tim Hortons says there’s no merit to a proposed class action lawsuit regarding emails it sent out in error to…
Roll Up To Win? Tim Hortons says $55K boat win email was ‘human error’
Tim Hortons is under fire again for mistakenly telling some customers they had won big in a contest – the second…
Is assuming a mortgage an affordable way into the housing market? What to know – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing…
Carbon rebate labelling in bank deposits fuelling confusion, minister says – National
Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to…
Bitcoin halving: What does it mean and why does it matter? – National
Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an…
Netflix beats subscriber targets, but revenue falls short of forecast – National
Netflix NFLX.O blew past Wall Street expectations on new customers for the second straight quarter on Thursday but signaled the…
Gas prices surge in some parts of Canada. What’s causing pain at the pumps? – National
A sharp uptick in gas prices is fuelling road rage in some parts of Canada on Thursday. Many motorists filling…
Budget 2024 makes changes to capital gains tax. Who will it affect? – National
Some Canadians making money from capital gains are set to pay higher taxes starting this year, according to the federal…
Does Budget 2024 make it easier to buy a first home in Canada? – National
The Liberal government’s 2024 federal budget tabled Tuesday held a clear focus on “fairness” among generations and efforts to make…
Budget 2024: Liberals look to offset drug plan cost with higher smoking, vaping taxes – National
The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate…
Housing starts in Canada fall 7% in March from previous month, CMHC says – National
By Staff The Canadian Press Posted April 16, 2024 10:13 am Updated April 16, 2024 10:15 am 1 min read…
Some fixed mortgage rates are up despite hints of Bank of Canada cuts. Why?
Market watchers say some Canadian lenders are raising their fixed-mortgage rates on offer despite indications from the Bank of Canada…
Lynx Air says passenger refunds will hurt investors because of defiant contractor
By Staff The Canadian Press Posted April 15, 2024 2:20 pm 1 min read Descrease article font size Increase article…
Anti-money laundering watchdog gives failing grades to banks, real estate companies – National
An internal report from Canada’s financial crimes watchdog found that most banking and real estate companies it audited last year…
Buying a home feels out of reach for 76% of non-owners, poll shows – National
For the majority of Canadians who don’t own property, the dream of homeownership is feeling elusive, a new CIBC report…
Annual home prices predicted to rise nearly 10% by end of year: Royal LePage – National
Canadian homes will be nearly 10 per cent more expensive at the end of 2024 than they were the year…
How to protect, improve your credit score amid cost-of-living pressures – National
Last month, the federal government proposed tying rent payments to credit scores, a new way to help Canadians build their…
30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National
The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve…
Canadians’ wages took major hit in 2022 amid high inflation rates: StatCan – National
Peak inflation rates in 2022 cost Canadians a major chunk of their wages, according to a new Statistics Canada report….
Canada needs another 1.3M homes by 2030 to solve supply and demand gap: PBO – National
Canada will need to build roughly 1.3 million more new homes than are currently projected to eliminate the gap between…
Ottawa changing RRSP Home Buyers’ Plan, some mortgage amortization rules – National
The federal government has announced a series of measures to make it easier for first-time buyers to break into the…
Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’ – National
The Bank of Canada held its benchmark interest rate steady on Wednesday amid signs that inflation is easing, with officials…
U.S inflation rises in March, could ‘undermine’ Fed’s confidence for rate cuts – National
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday…
CRA’s handling of bare trust reporting rules needs ‘systemic review,’ MP says – National
A Conservative MP is calling on the taxpayers’ ombudsperson to conduct a “systemic review” of the Canada Revenue Agency‘s recent handling…
Liberals launching $500M fund for youth mental health – National
By Staff The Canadian Press Posted April 9, 2024 10:31 am Updated April 9, 2024 10:58 am 1 min read…
Why climate change on the farm means a high cost for Canadian taxpayers
To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further…
CRA’s bare trust filing change had costly consequences: ‘A lot of angry people’
Peter Corry from Alberta says he recently paid $700 for an accountant to file his bare trust tax returns, out…
Dollarama hikes dividend as profit and sales soar in latest quarter
Dollarama Inc.’s new chief financial officer says shrinkage — a metric the company uses to track inventory lost through theft,…
Budget 2024: Here’s what Canadians want from Ottawa – National
Canadians are mostly looking for help paying their bills in the 2024 federal budget, not investments in the military or…
Former Canada Goose employees allege layoffs via email ‘inhumane’ – National
When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the…
Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why – National
The Canadian unemployment rate jumped up to 6.1 per cent in March amid rapid growth in the labour pool, Statistics…
‘Pink tax’: Calls grow to scrap ‘unfair’ prices on women’s products
Some Canadian high school girls want to take their “pink tax” fight to the House of Commons, calling on the…
Home prices could reach new highs by 2026, CMHC report says – National
By Staff The Canadian Press Posted April 4, 2024 2:23 pm 1 min read Descrease article font size Increase article…
Grocery code of conduct won’t drive food prices higher, Empire CEO says – National
Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food…
‘Virtually zero chance’ of seeing gas cost $1 per litre in Canada again: report – National
Canadians aren’t likely to see gas cost less than a dollar a litre in the future, according to a price-monitoring…
Canadians’ total RRSP contributions fell in 2022 after pandemic spike: StatCan – National
The number of Canadians contributing to registered retirement savings plans in 2022 shrank overall, a new report shows. The proportion…
Shift to faster payment system in Canada years behind schedule – National
By Staff The Canadian Press Posted April 1, 2024 7:24 am 1 min read Descrease article font size Increase article…
Quebec Tim Hortons franchisees sue brand owner for almost $19M
Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming what they describe as unreasonable constraints in the company’s licensing…
Flair Airlines is now Canada’s lone low-cost carrier. Can it rise to the moment?
The recent demise of Lynx Air leaves Flair Airlines alone holding the banner for ultra-low-cost carriers in the Canadian airspace….
CRA no longer requiring tax return for bare trusts this year – National
Descrease article font size Increase article font size Canadians with bare trust arrangements, such as a co-signed mortgage or joint…
Rental construction across Canada hit ‘record levels’ in 2023: CMHC – National
The construction of purpose-built rentals and condominiums hit “record levels” in 2023, data from the Canada Mortgage and Housing Corporation…
Trudeau proposes new reforms for renters amid housing crunch – National
Prime Minister Justin Trudeau has announced new measures he says will help protect Canadian renters and help them break into the housing market ahead…
Inside what ‘axe the tax’ means to Pierre Poilievre’s supporters: ‘He understands Canadians’
When Sarah Morin hears the phrase “axe the tax,” what enters her mind is “freedom.” The 41-year-old is a stay-at-home…
Restaurant prices are still rising. Here’s how to afford dining out – National
Inflation is continuing to bite Canada’s restaurant industry, as sales have dipped across the country and consumers are facing higher…
Flair Airlines’ website faces ‘service interruption’ preventing booking
Flair Airlines is facing service issues on its website affecting customers’ ability to book a flight with the low-cost carrier….
Budget 2024 should include funding for disability benefit, Liberal MPs urge – National
By Staff The Canadian Press Posted March 25, 2024 1:38 pm 1 min read Descrease article font size Increase article…
Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk – National
The Bank of Canada’s governing council seems to be growing in confidence that the central bank will be able to…
Did you open an FHSA last year? Why your tax refund might be delayed – National
Some Canadians who opened a first home savings account (FHSA) in 2023 have faced delays getting their tax return processed…
Retailers are cutting prices to win your business. Here’s where you can save – National
Canadians with extra spending cash right now might find they can score deals on clothing, some discretionary items and higher-ticket…
Reddit IPO: Stock soars after making public market debut – National
Reddit soared in its Wall Street debut as investors pushed the valued of the company close to US$9 billion seconds…
Flair Airlines CEO says spring flight cuts not a reflection of finances
Flair Airlines is putting up fewer flights domestically in Canada this spring, but the low-cost carrier’s CEO says it’s part…
Slow car sales drag down retail in January, but there’s strength under the hood – National
By Staff The Canadian Press Posted March 22, 2024 9:39 am 1 min read Descrease article font size Increase article…
Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National
Canada’s competition watchdog is urging Ottawa to drop requirements for some borrowers to pass the mortgage stress test at renewal,…
Inflation drop is ‘very encouraging’ but ‘it’s one number’: BoC official – National
Descrease article font size Increase article font size Signs of progress in the Bank of Canada’s inflation fight are “very…
U.S. Federal Reserve says 3 interest rate cuts still expected despite high inflation – National
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling…
Canada’s cottage country could see boost in prices, report finds – National
Spring is officially underway in Canada, and for some it may mean deciding whether this could be the year to…
Travellers run into turbulence before returning home from Cancun on Flair Airlines
A flight between Calgary and Cancun that usually takes around six hours ended up being a three-day affair for one…
Getting a cat or dog? Here’s how much pet ownership costs in Canada – National
Even as overall inflation has eased in recent months, it is getting more expensive to own a pet in Canada….
Budget 2024 should have ‘substantial’ measures to tackle housing, minister says – National
Canada’s federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low…
Slow February home sales signal ‘things are about to pick up’: CREA – National
February may have been a “relatively uneventful” period in Canada’s housing market, but the national real estate association thinks the…
Pension funds are Canada’s ‘crown jewels.’ Should they invest more at home? – National
Signals that Ottawa wants more domestic investment from Canadian public pension funds are being amplified by some members of the…
Canadian housing starts rose 14% in February, CMHC says – National
By Staff The Canadian Press Posted March 15, 2024 9:49 am 1 min read Descrease article font size Increase article…
It’s the best time of year to negotiate your mortgage rate. Here’s how – National
Some mortgage rates are getting cheaper heading into the busy spring housing market, but experts say you’ll likely need to…
Did you co-sign your kid’s mortgage? There are new tax reporting rules to know – National
If you’re part of a joint bank account or have co-signed a mortgage, you might be part of something called…
Canadians facing ‘pervasive motherhood penalty’ at work, report says – National
Working women in Canada are facing a “pervasive motherhood penalty,” with 70 per cent of employed mothers saying they don’t…
40% of Canadian industries ‘highly vulnerable’ to supply shocks: StatCan – National
Forty per cent of Canadian industries are “highly vulnerable” to external demand and supply shocks, Statistics Canada says. The federal…
Oil shippers demand explanation from Trans Mountain for massive pipeline cost overruns
A group of oil shippers is asking the Canada Energy Regulator to compel the company behind the Trans Mountain pipeline…
Sobeys parent Empire sees profit climb 8.5% from year earlier
By Staff The Canadian Press Posted March 14, 2024 10:59 am 1 min read Descrease article font size Increase article…
Considering a 2nd unit on your property? How to weigh the pros and cons – National
With mortgage rates causing stress for many Canadians and rents across the country on the rise, many are looking for…
Dollar Tree to shut nearly 1,000 stores as it misses holiday earnings estimates – National
Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of…
Travelling this spring? How to save money on your next trip – National
As March break kicks off in parts of Canada, hundreds of thousands of Canadians are set to hit the roads…
U.S. inflation rose again in February. Here’s what lifted prices – National
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the…
Insolvencies to remain high in Canada as economy plays catch-up: experts – National
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during…
A long-awaited change to Canadian banking is coming. What to know – National
A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives. Change is in the…
Vet bills have soared in Canada. Is pet insurance worth the cost? – National
With the cost of living through the roof, Canadian pet owners are also grappling with soaring veterinary bills that can…
5 things to know before opening a first home savings account – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing…
Job seekers could soon face an ’employer’s market’ as unemployment rate rises – National
Canada’s employers are still hiring, but not enough to keep the unemployment rate from rising amid a rapidly growing population,…
$18 a pound? Why lobster prices in N.S. are hitting near record levels
Lobsters in southwestern Nova Scotia are selling at the highest price seen so far this season, as fishermen struggle with…
Fort McKay First Nation and Suncor sign MOU on future oilsands development
Fort McKay First Nation and Suncor Energy announced Thursday they’re partnering on a prospective oilsands lease development on the northeast…
Bitcoin just hit a new high. Is it time to reconsider crypto in your portfolio? – National
Bitcoin’s price hit a new high on Tuesday after a months-long rally, the latest step on a volatile journey for…
Home insurance up 7% in Canada, report says. How to cut costs – National
Home insurance has become more expensive in Canada this year amid soaring replacement costs and extreme weather events, according to…
Bank of Canada holds key interest rate steady in 5th straight decision – National
The Bank of Canada left its benchmark interest rate unchanged on Wednesday and signalled it’s still too soon to ease…
Flair Airlines hopes to get some Lynx airplanes, even after shutdown scuttles deal
By Staff The Canadian Press Posted March 5, 2024 2:03 pm Updated March 5, 2024 2:47 pm 1 min read…
Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says – National
The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the…
Interest rate hold widely expected in BoC’s latest decision. Are cuts close? – National
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening…
Bitcoin eyes record high as cryptocurrency bursts above US$65K – National
Descrease article font size Increase article font size Bitcoin rallied to a two-year high on Monday, breaking above US$65,000 as a wave…
Weddings are picking up post-pandemic — but have venues fully recovered? – National
Wedding planning can be stressful as it is, but a last-minute cancellation by a venue or vendor can only make…
2 years in, has the Bank of Canada’s historic rate hike campaign done the job? – National
It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history…
Payroll taxes have gone up. What to know if your paycheque is feeling pinched – National
With 2024 in full swing, most working Canadians are likely feeling the impact of higher federal payroll taxes on their…
Spring will be ‘pivotal moment’ for housing market, Royal LePage CEO says – National
Many Canadians who’ve been boxed out of the housing market since the Bank of Canada started hiking interest rates almost…
‘No urgency’ for Bank of Canada to cut rates as economy skirts recession – National
The national economy managed to skirt a technical recession in 2023, a Statistics Canada report Thursday showed. And while the…
Bitcoin hits US$60K for 1st time in over 2 years. What’s behind the latest rally – National
Bitcoin’s price hit US$60,000 on Wednesday for the first time in more than two years, as a surge of capital…
More young adults are getting scammed despite tech-savviness: survey – National
A new survey has found nearly one-third of Canadian young adults have been victims of an online scam, despite being…
Gender pay gap double in private vs public sector, report says. Why? – National
The gender pay gap for female employees in Canada’s private sector is double that in the public sector, which is…
‘Lack of awareness’ of safety guidelines at Boeing: FAA report – National
Boeing is not as committed to safety as it claims it is, an FAA report concluded. An investigation by the…
Some Canadians exploring ‘non-traditional’ ways to own a home. What are they? – National
Nearly a third of Canadians are considering buying a home with others, renting out a secondary unit and other “non-traditional”…
Crude-by-rail shipments jumped in last half of 2023 as Alberta’s oil output grows
Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as oil output from Alberta surged…
Got a grocery loyalty app? How personalized offers are designed to lure in shoppers – National
When Diana Skakavac scrolls grocery store loyalty apps, she’s always looking for her “unicorn”: personalized offers for Tide laundry powder….
Will Easter chocolate cost more? What to know amid high cocoa prices – National
Canadians might have to pay more for chocolate and candies this Easter as manufacturers feel the crunch of high cocoa…
Here’s how much home you can get for $1M across Canada these days
Higher interest rates and resilient home prices mean most Canadians are getting less for their homes at the $1-million benchmark,…
Is fatherhood more appealing than motherhood? What new research shows – National
When it comes to the idea of becoming a parent, more men want children than women, according to a new…
‘Colossally high’ number of Canadians plan to buy a home within a year. Why? – National
With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of…
Nvidia’s stock surge helps markets hit record highs. What is happening? – National
Nvidia, the chipmaker underpinning a much-hyped artificial intelligence revolution, saw its market capitalization briefly pass US$2 trillion for the first…
Grocers face uphill battle to regain customers’ trust, experts say – National
Galen Weston may not be the president of grocery giant Loblaw anymore, but you wouldn’t know that based on how…
GST, HST on Ottawa’s carbon price could raise $5B over next 7 years: budget watchdog
The federal government’s carbon price could generate more than $5 billion from the federal sales tax over the next seven…
Nvidia’s stock soars as chip maker leaves ‘no doubt’ of AI boom – National
Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on…
Dollarama class-action proposed settlement: How you can claim compensation
Dollarama has reached a proposed national $2.5 million settlement in Quebec Superior Court in a class-action lawsuit that alleged the…
BLT, anyone? Bacon, lettuce, tomatoes among ‘broad-based’ grocery price relief – National
Multiple grocery store staples saw price hikes not only ease but reverse course in January, according to Statistics Canada. The…
Ottawa scaling back carbon price rebate for small businesses
The federal government is cutting the amount of financial relief small businesses will receive from carbon pricing revenues so it…
Liberals to give low-cost loans for new B.C. rental housing program
Descrease article font size Increase article font size The Trudeau Liberals are set to announce that the federal government will…
Renters more likely to experience financial distress, loneliness: StatCan
In Canada, renters are more likely than homeowners to experience a lower quality of life, including financial distress and loneliness,…
Did inflation ease in January? Here’s what economists expect – National
As the Bank of Canada waits for the right moment to start cutting interest rates, some economists are arguing that…
Tim Hortons, Burger King boost earnings for parent Restaurant Brands – National
Restaurant Brands International beat Wall Street estimates for quarterly results on Tuesday, lifted by signs of a turnaround at its…
Shopify’s revenue surged 24% in the last quarter. So why is the stock down?
Descrease article font size Increase article font size Canada’s Shopify topped Wall Street estimates for fourth-quarter revenue and profit on…
Toronto housing starts surged in January but fell in Vancouver, Montreal
The annual pace of housing starts in January slowed by 10 per cent compared with December, as the rate of…
TD Bank customers eligible for $15.9M payout under class-action settlement
A class-action settlement that would see Toronto Dominion Bank pay out nearly $16 million has been approved – one of…