Air Canada see 11% revenue increase amid resilient international demand
Descrease article font size Increase article font size Air Canada AC.TO lifted forecast for its 2024 core profit on Friday,…
Finance
Read More
EV owners likely to pay more for insurance, report says. Here’s why – National
Electric vehicle (EV) owners in Canada may start to see their insurance rates jolt in the coming years, a new…
Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? – National
Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. According to the latest…
This AI company just became more valuable than Google’s parent – National
Descrease article font size Increase article font size Nvidia overtook Google-parent Alphabet’s stock market capitalization to become the third biggest U.S….
Interest rate cuts would ease housing supply constraint, Fraser suggests – National
Cuts to interest rates in Canada may lead to better housing supply, Housing Minister Sean Fraser suggests. Fraser told reporters…
Costco open to grocery code of conduct, but says it must apply to all – National
A Costco executive says the retailer is open to supporting Canada’s long-planned grocery code of conduct, but it does not…
Economic pain driving higher levels of anxiety among Canadians: poll – National
Canadians are stressed out about the economy and have little faith in politicians or governments to fix big problems, a…
Bitcoin hits US$50K for 1st time since 2021. What’s behind the surge – National
Bitcoin BTC= hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency…
Canadians increasingly turning to ‘imperfect’ food as grocery prices soar – National
On the outskirts of Barrie, Ont., sunlight washes over the outcast cucumber and parsley stacked on skids at Eat Impact’s…
Demolishing Montreal Olympic Stadium would be costly, but experts question $2B price
Quebec’s tourism minister says demolishing Montreal’s Olympic Stadium would cost $2 billion, but that estimate is raising questions because other…
RRSP deadline: Some experts say it’s best to ‘think twice’ before contributing – National
With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where…
Indigo CEO calls 2023 a ‘challenging’ year as revenues down in third quarter – National
Indigo Books & Music Inc.’s chief executive says the retailer’s last year has been “challenging” and it could be a…
Does your partner spend too much? BMO finds one third of Canadians think so – National
As many Canadian couples gear up for a Valentine’s Day date next week, differing opinions about spending may be causing…
‘Grey divorce’ getting more prevalent in Canada. Why it’s a concern – National
Canadian couples are more open to seeking divorce in later life, and research suggests this can impact women more than…
Is retirement realistic for millennials? Why they say they need to save more – National
Millennials feel they need to save more than any other Canadian to retire, a new survey indicates. BMO’s annual retirement…
Bank of Canada deliberations show ‘rate cuts are not imminent,’ economist says – National
The Bank of Canada’s top officials cited a “mixed picture” on the direction for underlying inflation and the Canadian economy…
Lenders, police warn about capping the criminal interest rate. Here’s why – National
A Liberal plan to crackdown on predatory lending could instead lead to a rise in crime and put vulnerable Canadians…
Bank of Canada sees housing rebound but ‘considerable uncertainty’ in prices – National
The Bank of Canada is expecting the housing market will “rebound” this year amid expectations for interest rate cuts sometime…
8 in 10 Black Canadians say they still face discrimination at work: report – National
While Canadian companies have made some progress in making the workplace more diverse and inclusive, eight in 10 Black Canadians…
Higher grocery bill? Here’s why some food prices may be rising in Canada – National
Canadians that have turned to grocery store flyers and coupon-cutting may need to look for even more savings. Last week,…
What is ‘loss leader?’ How grocery stores lure shoppers into spending more – National
You’ve arrived at the store for a quick post-work grocery run, hoping to pick up a cheap, ready-made meal for…
Why a strong U.S. economy might delay rate cuts in Canada – National
Tailwinds from south of the border could give a lift to the Canadian economy and end up pushing back the…
Rogers CEO ‘not concerned’ about wireless customers leaving despite price hikes
The chief executive of Rogers Communications Inc. dismissed analyst concerns about wireless customers leaving the carrier, saying the company was…
As Dry Feb begins, is there a ‘growing desire’ for alcohol abstention? – National
Can you abstain from alcohol for a month? That is the core question of the Canadian Cancer Society’s Dry Feb,…
Selling your home for the 1st time? What to know from costs to staging – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing…
Meta’s stock is surging. What’s behind the jump? – National
Meta surged more than 17 per cent on Friday as the Facebook parent’s first dividend declaration and robust results increased…
Interest rates – high or low – won’t solve housing problems, Macklem says – National
While the Bank of Canada continues to grapple with the high cost of housing in its quest to tamp down…
Amazon, Meta and Apple beat revenue expectation, see shares jump – National
Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust…
Expect a squeeze on orange juice costs as supplier price freeze ends: Metro CEO
Canadians might be feeling the squeeze on items like orange juice at the grocery store starting next week, according to…
Retirement ‘becoming unaffordable’ for many Canadians. What can they do? – National
Canadians hoping to retire in the coming years are still feeling like their finances won’t stretch far enough despite recent…
A ‘window of opportunity’ may be opening for 1st-time homebuyers – National
The cloud of unaffordability hanging over Canada’s housing market could start to lift later this year and give prospective first-time…
Bank of Canada signals rates might have peaked. What comes next? – National
The Bank of Canada held its benchmark interest rate steady at 5.0 per cent on Wednesday and hinted that its…
U.S. GDP unexpectedly grew by 3.3% last quarter. What this means for the Fed – National
The nation’s economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed…
Tesla’s stock plunges as Elon Musk warns of slower growth in 2024 – National
Tesla tumbled seven per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price…
Student visa cap will ‘take a bit of pressure off’ rent prices: BoC’s Macklem – National
As the debate rages on about how to tackle rapidly rising housing costs, Bank of Canada governor Tiff Macklem says…
Interest rates may have peaked – is it time to jump into the housing market? – National
After the Bank of Canada on Wednesday gave its clearest hints yet that its interest rate cycle might have peaked,…
A breast cancer patient and the ‘horrifying’ financial burden she’s facing
When Lise Lalonde found out she had advanced stage two breast cancer that had already spread to her lymph nodes…
Location, location, location: Why experts say climate risk should also factor into where you live – National
If you own – or even rent – property in Florida, you have probably noticed that the cost of home…
Canada’s largest-known Chase the Ace jackpot has been won — and it’s a big one
The small New Brunswick town of Beresford is now home to overnight multi-millionaires, as a couple from the area became…
Netflix reports best-ever holiday season results with 13M new subscribers – National
Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback…
Axing GST on carbon pricing could cost $1B in lost tax revenue: watchdog – National
A Conservative bill to remove GST from Ottawa’s carbon pricing plan could eventually lead to $1 billion in lost tax…
The Bank of Canada’s rate decision will reflect inflation’s difficult ‘last mile’ – National
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say…
FTX bankruptcy case needs independent examiner, U.S. court rules – National
A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns…
‘Black Friday bust’: Canadian retail sales fell in November – National
Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling…
Canada’s reliance on temporary workers reflects innovation gaps, experts say – National
Canadian companies have lost a step when it comes to innovation, experts say, pointing toward Ottawa having work to do…
Canadians are contributing less to TFSAs as monthly costs soar: survey – National
Canadians are contributing less to a tax-free savings account (TFSA) while basic monthly living expenses have increased, according to a…
The ongoing mystery of an unclaimed $64 million lottery ticket: The clock is ticking
As the one-year expiry date looms closer, the largest lottery win in Atlantic Canadian history is still yet to be…
Tuition hikes, labour-force blow likely if student visas are capped: experts
A cloud of uncertainty hangs over the future of international student visas in Canada. As the country grapples with a…
Canadians to receive first carbon pricing rebate of 2024. Here’s how much you could get – National
Eligible Canadians will receive their first carbon pricing rebate of 2024 from the federal government starting Monday. The rebate, officially…
The CEBA deadline is here: What that means for small business loans – National
For thousands of small businesses, it’s time to pay up. Thursday marks the federal government’s deadline for firms to repay…
World could get its 1st trillionaire within a decade, Oxfam predicts – National
The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment…
‘Unsettling news’: What inflation’s uptick means for the Bank of Canada – National
An acceleration in the annual rate of inflation to end 2023 won’t be enough to panic the Bank of Canada…
Canadian housing starts jumped 18% in December – National
By Staff The Canadian Press Posted January 16, 2024 12:02 pm Descrease article font size Increase article font size Canada…
Canada’s housing market hit an ‘unexpected surge’ heading in 2024. Will it last? – National
Canadian home sales saw an “unexpected surge” in December as sellers and buyers came together to get deals done before…
Price hikes won’t be as steep in year ahead, some firms tell Bank of Canada – National
A pair of surveys released from the Bank of Canada on Monday show many firms’ price plans are “slowly returning…
Worried about AI? How to build skills for your next resume – National
Gaining enough artificial intelligence or AI knowledge to keep up with evolving demands in Canada’s tech industry doesn’t have to…
Got a pay bump? How to manage the extra cash – National
Finally some good news — you’ve landed a major promotion with a huge pay bump, or you’ve finished many years…
Boeing’s mid-air panel blowout has ‘shaken trust’. What travellers should know – National
The fallout from the mid-air blowout of a panel on an Alaska Airlines flight last week adds to the already…
U.S. inflation ticks higher in December. What that means for the Fed – National
Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow…
Fixed mortgage rates are on the decline. Is now the time to lock in? – National
Rates on some fixed mortgages have dropped by a full percentage point in the past few months, opening up an opportunity…
Major Flair Airlines investor says new lawsuit over plane payments ‘premature at best’
A key Flair Airlines investor says a $30-million lawsuit filed against it by plane-leasing firms over claims of missed payments…
Microsoft just overtook Apple as the world’s most valuable company – National
Microsoft overtook Apple as the world’s most valuable company on Thursday after the iPhone maker’s shares made a weak start…
First Bitcoin ETFs approved in U.S. a day after alleged hack teased decision – National
The U.S. Securities and Exchange Commission reluctantly approved the first exchange-traded funds that hold bitcoin Wednesday, saying it is still…
Amazon laying off several hundred employees in Prime Video, Studios divisions – National
Descrease article font size Increase article font size Amazon.com will lay off several hundred employees in its streaming and studio…
U.S. has not approved a bitcoin exchange trade fund, SEC says after alleged hack – National
The U.S. Securities and Exchange Commission said Tuesday that a post sent from the agency’s account on the social platform…
Canada’s productivity has been declining. Why that’s a problem for the economy – National
Canadians feeling like they weren’t as productive as they could’ve been in 2023 can take solace. Neither was Canada’s economy….
December’s jobs report is a ‘mixed bag’ for the Bank of Canada. Here’s why – National
The national jobless rate held steady at 5.8 per cent in December as employment was “virtually unchanged,” according to Statistics…
PepsiCo products pulled from some stores in Europe over ‘unacceptable’ price hikes – National
Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price…
‘I’m a bit bitter’: Quebec restaurants reeling over last-minute cancellations
Quebec restaurants say they are reeling over last-minute New Year’s Eve cancellations and no-shows. The practice costs tens of thousands…
Rogers to raise prices on some wireless phone plans – National
Some Rogers mobile customers will be paying a little more for their wireless plans this year. Rogers Communications told Global…
Canada’s top CEOs have already made more than average worker will in 2024 – National
Even though 2024 has just begun, Canada’s top 100 highest-paid CEOs have already made more than the average worker. That’s…
Here are the tax changes that will affect your pocketbook in 2024 – National
Canadians preparing their taxes and finances for 2024 might find a bit of help from an unexpected friend: inflation. Though…
Canadians ringing in 2024 with ‘big’ money resolutions. How to get a head start – National
Canadians are ringing in the new year with plans to cut down on spending and make other behaviour changes amid…
Moving cross-country in 2024? Here’s what you should budget for – National
The Forlers could see their family of five was growing fast and would soon need a bigger place to live….
Housing market 2024: What to expect with rate cuts in the forecast – National
After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing…
Canadians could see changes in banking next year. What to expect – National
The federal government approved RBC’s $13.5-billion takeover of HSBC Canada in the waning days of 2023, despite concerns from critics…
Experts question impact of foreign homebuyers ban – National
Nearly a year after it came into effect, experts say it’s hard to know if Ottawa’s plan to keep foreign…
Will interest rates come down in 2024? What the Bank of Canada is watching – National
After the Bank of Canada held its benchmark interest rate steady in its final three decisions of 2023, the tone…
Hoping for a raise in 2024? Most Canadian workers aren’t optimistic, poll shows – National
Whether it’s asking for a raise or switching careers altogether, many Canadians are setting financial goals for the new year….
A record-setting firefighter 50-50 draw and the big payday for one family
Christmas arrived a few days early for one Nova Scotia family this year. On Thursday evening, Brandon Milligan and Sarah…
Cutting rates too soon could spur housing market ‘rebound’: Bank of Canada – National
Evidence is mounting that the Bank of Canada’s benchmark interest rate is high enough to bring inflation all the way…
Food inflation is cooling. But expect to feel a ‘pinch’ for holiday dinners – National
Canadians are still expected to face a “pinch” at the dinner table this holiday, according to one food economist, despite…
Rent increases slowing in Canada. Here’s where price hikes are cooling most – National
A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from…
Housing affordability at worst levels in 41 years, Bank of Canada index shows – National
Housing affordability hit its worst level in more than four decades last quarter, according to the Bank of Canada, as…
Debt to income ratio edges lower – but servicing costs at record highs – National
By Staff The Canadian Press Posted December 13, 2023 11:37 am Updated December 13, 2023 11:39 am Descrease article font…
Exclusive: GTA man cops plea in fake ‘Camel Toe’ toonie case, gets big fine
A Toronto-area man has been fined $100,000 after he quietly pleaded guilty to possession and fraudulent use of thousands of…
How to save for a house without the Bank of Mom and Dad – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the…
Trans Mountain alerts regulator of potential ‘catastrophic’ 2-year pipeline delay
By Staff The Canadian Press Posted December 15, 2023 11:31 am Updated December 15, 2023 12:13 pm Descrease article font…
‘Still too early’ to cut rates, Bank of Canada’s Macklem says – National
The head of the Bank of Canada is pushing back on expectations for interest rate cuts, despite calls from the…
Sobeys parent Empire vows to crack down on supplier price increase requests
Empire Co. Ltd. is planning to crack down on what it says are unjustifiable cost increase requests from some of…
Ontario sees bulk of home price drops. These markets are also seeing declines
Canada’s housing market cooled further in November as sellers joined buyers on the sidelines, hoping for activity to heat back…
Enbridge will sell Alliance, Aux Sable stakes to Pembina Pipeline for $3.1B
Enbridge Inc. is selling its stakes in the Alliance pipeline and Aux Sable gas processing facility to Pembina Pipeline Corp….
Scotiabank eyes North American growth, could exit some foreign markets
By Staff The Canadian Press Posted December 13, 2023 11:50 am Updated December 13, 2023 11:51 am Descrease article font…
Mortgage stress test to remained unchanged in Canada – National
By Staff The Canadian Press Posted December 12, 2023 4:54 pm Updated December 12, 2023 4:56 pm Descrease article font…
SmileDirectClub officially shuts down, leaving some customers in limbo – National
Customers of SmileDirectClub, the telehealth orthodontics provider of teeth-straightening aligners, have been left to fend for themselves amid a company…
Food prices set to rise in 2024, report says. But more ‘good news’ than year prior – National
Canadians hoping for better food prices going into 2024 may not get their wish immediately, but as inflation cools, a new…
Grocers likely to exceed record profits in 2023, economist says – National
Profits in the Canadian grocery sector will likely exceed $6 billion in 2023, setting a new record as they rise…
Bank of Canada security staff prep for strike vote amid ‘stagnant’ wages
Security personnel at the Bank of Canada could walk off the job in the new year if they vote to…
52% of new homebuyers likely to use first-time savings account: poll – National
By Staff The Canadian Press Posted December 7, 2023 12:36 pm Descrease article font size Increase article font size A…
Inflation ‘volatility’ keeping Bank of Canada wary about future rate decisions – National
Inflation’s “volatility’” is keeping the Bank of Canada cautious about the future path for interest rate decisions, according to a…
Canadian pet rescues ‘begging for help’ amid high costs of care
Deanna Thompson says she often feels like she’s screaming as loud as she can in a room full of people…
Canada Bread denies price fixing scheme, points finger at Maple Leaf Foods – National
The bread supplier that admitted to price-fixing earlier this year says in new court filings that any anti-competitive behaviour it…
Record gold prices could hit the value of your portfolio — and your jewelry box – National
A surge in the value of gold has given the precious metal a new glint in the eyes of investors….
Canadian firms paying ‘significantly’ more in ransomware attacks: data – National
Canadian companies are now paying more than $1 million in ransomware attacks, according to a new study. The report, from cybersecurity…
CIBC hit with $1.3M penalty after failing to report suspicious transactions – National
By Staff The Canadian Press Posted December 7, 2023 1:27 pm Descrease article font size Increase article font size Canada’s…
Bank of Canada holds key interest rate steady in final decision of 2023 – National
The Bank of Canada left its benchmark interest rate unchanged at 5.0 per cent for the third consecutive decision. The…
4 in 10 Canadians ‘not confident’ about retirement plans: TD survey – National
With the cost of living and economic uncertainty weighing heavy, Canadians are growing concerned about meeting their financial goals, including…
RBC fined $7.5M after Fintrac says bank failed to report suspicious transactions – National
By Staff The Canadian Press Posted December 5, 2023 12:02 pm Descrease article font size Increase article font size Canada’s…
Tips on making ends meet in a world where ‘everything is costing more’
This story is part of a Global News series called ‘On the Brink,’ which profiles people who are struggling with…
Mastermind Toys to be acquired — but these 18 stores will still be liquidated
Descrease article font size Increase article font size Mastermind Toys will be rescued from the brink of bankruptcy less than…
Charlie Munger, Warren Buffet’s right-hand man at Berkshire Hathaway, dead at 99 – National
Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He…
Looking to buy a winter home? Here’s where prices have dropped in Canada – National
If you’re looking to buy a winter home, it might be a good time to enter the cooling market with…
Lower bond yields could soon mean cheaper mortgages. Here’s why – National
With the Bank of Canada offering little hope to those aching for interest rate relief, experts say some Canadians might…
Markets start December in the green after ‘remarkable’ November comes to a close
Canada’s main stock index gained more than 200 points Friday on broad-based strength led by base metals, industrials and telecom…
Canada’s economy keeps its head above ‘recession waters’ — for now – National
Canada’s economy contracted in the third quarter of the year, but Statistics Canada’s revised data shows the country is still…
TD Bank cutting thousands of jobs amid ‘challenging environment’ – National
TD Bank Group said it’s cutting three per cent of staff and setting more money aside for souring loans as…
RBC, CIBC report higher Q4 profit; both banks hike dividend – National
Royal Bank of Canada reported a fourth-quarter profit of $4.13 billion, up from $3.88 billion a year earlier, and raised…
In the market for a castle? There’s one on sale for under $1M in Nova Scotia
If you’re in the market for a castle at a discounted rate, then look no further — as a certain…
Most nearing retirement will need to make ‘significant’ lifestyle cuts: report – National
A wave of Canadians gearing up for retirement will be forced to make “significant” cuts to live comfortably for the…
Coastal GasLink pipeline project mechanically complete before year-end deadline
By Staff The Canadian Press Posted November 28, 2023 7:06 pm Descrease article font size Increase article font size The…