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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 -
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S&P/TSX down as markets continue to grapple with collapse of several banks
Canada’s main stock index was down along with international indexes in early trading as the globe continued to grapple with the collapse of several banks over the l…
17 Mar 2023 | Economy -
2023 Alberta budget on the brain for Lethbridge businesses
Alberta Finance Minister Travis Toews made a stop in Lethbridge on Thursday, endorsing his government’s latest budget.
03 Mar 2023 | Economy -
Employers seeking ‘very specific’ skillset recruit refugee workers under pilot project
Mulham Alkhalil has been working for a high-end furniture manufacturer in Toronto since arriving in Canada last year from Syria via Libya.
28 Feb 2023 | Economy -
Canadian imports from China hit $100B in 2022, setting new trade record: StatCan
Trade between China and Canada hit record levels in 2022, with imports breaking the $100-billion mark for the first time, Statistics Canada data show.
28 Feb 2023 | Economy -
B.C. premier says some deficits require spending as NDP prepares to table budget
British Columbia’s New Democrat government has been tackling some of the province’s fundamental deficits in recent months by spending billions in surplus dollars, s…
27 Feb 2023 | Economy -
Warren Buffet stays upbeat, preaches patience amid economic uncertainty in annual letter
Billionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc BRKa…
26 Feb 2023 | Economy -
Group calls for replacement of aging Kelowna Community Theatre
A group of entertainment enthusiasts in Kelowna, B.C., is once again calling on the city to build a new world-class performing arts centre.
24 Feb 2023 | Economy -
Canadians think tipping is ‘getting out of control,’ new poll suggest
Canadians are hitting their limit when it comes to tipping, new polling from the Angus Reid Institute appears to show.
20 Feb 2023 | Economy -
Vancouver specialty salon Afro Hair Studio marks 25 years with second location
When a family from Ethiopia opened the doors to a specialty hair salon in Vancouver nearly 25 years ago, they didn’t know if the business would survive.
18 Feb 2023 | Economy -
Rogers-Shaw deal deadline pushed — again — as minister mulls final decision
The closing of Rogers Communications’ proposed merger with rival Shaw Communications will again be pushed back, the companies announced as the old deadline arrived …
17 Feb 2023 | Economy -
Freeland meets provincial and territorial finance ministers in Toronto
Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting Friday with the provincial and territorial finance ministers in Toronto…
03 Feb 2023 | Economy -
IMF projects rosier global economic outlook for 2023, expects inflation to ease
The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high…
31 Jan 2023 | Economy -
Rent control: What tenants should know as rental prices surge across Canada
strong> </strong>As inflation and high housing costs continue to bite Canadians, Toronto resident Annie Gibson is concerned and frustrated at the prospect of the rent going …
28 Jan 2023 | Economy -
Will prices eventually fall in Canada? Why experts say deflation is unlikely
What goes up doesn’t necessarily come down.
23 Jan 2023 | Economy