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Quebec public sector strike enters day 2, with more walkouts later this week
Unions representing hundreds of thousands of Quebec public sector workers, particularly in health care and education, are on strike again today.
22 Nov 2023 | Economy -
BC port strike affected 17% of retailers with auto sector hit hardest: StatCan
Statistics Canada says retail sales rose 0.3 per cent to $66.1 billion in July, helped by the strength of sales at supermarkets and grocery stores.
22 Sep 2023 | Economy -
B.C. tourism sector worried as Canada left off China’s green list for group tours
British Columbia’s tourism industry is raising concerns after Canada was left off China’s list of approved countries for tour groups.
18 Aug 2023 | Economy -
Rotary Clubs reach $100K goal for YES Shelter for Youth and Families in Peterborough
Two Rotary Clubs in the Peterborough area reached their $100,000 commitment for the YES Shelter for Youth and Families in the city’s downtown following the presenta…
14 Aug 2023 | Economy -
Cineplex sees profit boost as Barbie, Oppenheimer create ‘unprecedented’ demand
Cineplex Inc.’s net income mushroomed to $176.5 million in its second quarter as “The Super Mario Bros. Movie” hit theatres and the cinema chain began preparing for…
10 Aug 2023 | Economy -
Bank of Canada prepared to raise rates further if inflation progress stalls
The Bank of Canada’s policymakers said they are still prepared to raise their benchmark interest rate further even as they hiked rates to their highest level in 22 …
26 Jul 2023 | Economy -
Tempers flare, OPP called as Alnwick/Haldimand council eyes short-term rental bylaw expansion
Northumberland OPP were called to help resolve a heated session between residents and Alnwick/Haldimand Township council over plans for short-term rentals (STRs) on…
20 Jul 2023 | Economy -
B.C. port strike: Labour minister tells mediator to pitch deal in bid to break impasse
There may be movement towards an end to the bitter labour dispute that has shut down B.C.’s ports.
12 Jul 2023 | Economy -
Out of service: Local businesses suffer as N.S.-PEI ferry stalls again
The sole ferry service responsible for transporting travellers between Nova Scotia and eastern Prince Edward Island has been no stranger to challenges over the past…
08 Jul 2023 | Economy -
Consumer spending holds strong as retail sales climb
Statistics Canada says retail sales rose 1.1 per cent to $65.9 billion in April as gains at general merchandise retailers and food and beverage stores led the way h…
21 Jun 2023 | Economy -
Alberta and Ottawa remain far apart on energy, climate policies after meeting
There is no line in the sand between his government and Alberta over energy and climate policies but there is also still a lot of daylight in their respective visio…
20 Jun 2023 | Economy -
Older Canadians planning to push back retirement due to inflation: survey
Canadians are struggling to save for retirement, with many planning to push back the next phase of their life amid inflation and higher interest rates, according to…
15 Jun 2023 | Economy -
Canada’s worst spring wildfire season could set housing construction further back
Canada’s worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months jus…
12 Jun 2023 | Economy -
S&P/TSX composite down in late morning trading, U.S. stock markets mixed
Canada’s main stock index was lower in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets were mixed.
07 Jun 2023 | Economy -
Debt ceiling and spending bill passes U.S. House, clearing major hurdle
The U.S. House of Representatives on Wednesday passed the consequential legislation package that suspends the debt ceiling while cutting government spending, cleari…
01 Jun 2023 | Economy -
S&P/TSX composite down nearly 200 points as price of oil falls
Canada’s main stock index was down nearly 200 points as the price of oil fell and losses in the energy and base metal stocks helped lead the way lower.
30 May 2023 | Economy -
S&P/TSX composite makes modest gain Monday, U.S. markets closed for long weekend
Canada’s main stock index ticked upwards Monday, with broad-based gains led by battery metals and energy stock as U.S. markets were closed for a long weekend south …
30 May 2023 | Economy -
Canada’s banks are guarding against bad loans. What this means for your money
Nestled in the balance sheets of Canada’s biggest banks are fears that the economy is set for a rough patch that could see more Canadians defaulting on their loans.
28 May 2023 | Economy -
Biden to meet McCarthy on Monday as debt ceiling deadline nears
President Joe Biden and House Speaker Kevin McCarthy will meet in person on Monday as the government races against a looming deadline to raise America’s debt limit …
22 May 2023 | Economy -
Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikes
The annual rate of inflation rose slightly in April as Canadians paid more at the gas pumps, bucking a streak that had seen price pressures easing year over year si…
16 May 2023 | Economy -
U.S. inflation cools slightly in April, but prices still elevated
Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to…
10 May 2023 | Economy -
Shopify stock soars as it cuts staff again. Here’s what to know
Shares of Shopify Inc. surged Thursday after the company posted a surprise first-quarter profit and said it would reduce its headcount by 23 per cent.
04 May 2023 | Economy -
S&P/TSX composite dips on Monday, U.S. stock markets also slip
Weakness in energy stocks drove Canada’s main stock index to dip on Monday, while U.S. stock markets also fell to start the trading week.
02 May 2023 | Economy -
Open banking could mean cheaper services and a better credit score. What is it?
The Liberal government failed to meet its own deadline earlier this year to overhaul how banks handle Canadians’ data — a missed promise that industry players say h…
20 Apr 2023 | Economy -
Freeland accused of being ‘smug’, ‘clueless’ after Disney+ comment
Once upon a time, Chrystia Freeland attempted to relate to Canadians’ cost-of-living concerns with a personal anecdote – and it didn’t produce a fairy-tale ending.
19 Apr 2023 | Economy -
Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession
It’s a question that’s dominated the news cycle, stock market watchers, economic analyses and even Ottawa’s 2023 budget — will Canada’s previously roaring economy c…
07 Apr 2023 | Economy -
Recession fears continue to weigh on economic outlooks, Bank of Canada surveys show
Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they’re also adjusting…
03 Apr 2023 | Economy -
Budget 2023 won’t fuel inflation, but misses the bigger economic picture: experts
Last week’s federal budget won’t fuel inflation but may be missing the bigger economic picture as a recession looms and the country’s cost-of-living crisis continue…
02 Apr 2023 | Economy -
Winnipeggers protest against RBC’s funding for fossil fuel projects
Winnipeggers came together on Saturday to protest against the Royal Bank of Canada (RBC) for funding fossil fuel projects.
02 Apr 2023 | Economy -
Budget 2023 commits $8.7M to Indigenous resource consultation, eyes housing strategy
The federal Liberal government is committing $8.7 million to hold more consultations on Indigenous resource sharing, in a budget that offers relatively little new s…
29 Mar 2023 | Economy -
Why millennials in Canada are hardest hit by debt: ‘Living on the edge’
Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who find the…
26 Mar 2023 | Economy -
Prom-flation: How buying a prom dress in Ontario is unimaginable for some famillies
With inflation making basic necessities a struggle for many, affording luxury items like a prom dress may not even seem like an option for families struggling to ma…
25 Mar 2023 | Economy -
Canada’s bank deposit insurance limits being reviewed after SVB collapse, trade group says
Canada’s bank deposit insurer is reviewing deposit insurance limits to safeguard the country’s financial system, the head of the Bank and Trust Companies Associatio…
22 Mar 2023 | Economy -
Banking turmoil is adding to sense of looming economic ‘precipice.’ What’s next?
The collapse of Silicon Valley Bank and the ensuing fallout impacting financial institutions in the United States and Europe this week is adding to the sense of a l…
19 Mar 2023 | Economy -