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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 -
Bank of Canada not ready to hit the brakes on rate hikes yet, economists say
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and t…
20 Jan 2023 | Economy -
Google laying off 12,000 workers as tech sector job cuts expand
Google is laying off 12,000 workers, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.
20 Jan 2023 | Economy -
Microsoft to slash 10,000 jobs as layoffs accelerate in tech
Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S.…
18 Jan 2023 | Economy -
Stanley Park seawall replacement cost estimated at $250-300 million
The Vancouver Park Board received an update Monday on the progress and cost of repairs from powerful storms that damaged the city’s waterfront last fall and winter,…
18 Jan 2023 | Economy -
As World Economic Forum begins, Oxfam urges for windfall tax on food companies
Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the Worl…
16 Jan 2023 | Economy -
Fragmentation could cost global economy up to 7% of GDP: IMF
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could …
16 Jan 2023 | Economy -
Vancouver business closing due to Broadway subway construction
A Vancouver business on Broadway Street will be shutting its doors for good at the end of the month due to impacts felt by the construction of the new subway line.
16 Jan 2023 | Economy -
Worldwide outlook on economic prospects gloomier than ever before: report
People worldwide are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, nonprofits an…
16 Jan 2023 | Economy -
Immigration minister says more newcomers needed amid mixed reviews on targets
As Canada plans to significantly ramp up its immigration levels in the coming years, some policy experts are worried about potential effects on health care, housing…
13 Jan 2023 | Economy -
‘The Last of Us’ premiere draws excitement, momentum for Alberta film industry
The biggest production in Alberta’s history debuts this weekend and many in the local film industry hope the highly anticipated show, as well as other prominent pro…
13 Jan 2023 | Economy -
Canada’s home prices fell annually for the 1st time since 2008 in Q4, Royal LePage says
Canada’s housing market correction ended the year with the first year-over-year decline for quarterly home prices in more than a decade, according to a new report f…
13 Jan 2023 | Economy -
Canada’s ban on foreign homebuyers comes into effect on Jan. 1. Here’s what to know
As the New Year rolls around, so too will a promised ban on foreign homebuyers by the federal government amid growing pressure to make housing more affordable for C…
01 Jan 2023 | Economy -
Canada housing market outlook 2023: Here’s what buyers and sellers can expect
After years of frenzy in Canada’s housing market during the COVID-19 pandemic, 2022 saw a reversal across much of the industry as the Bank of Canada’s interest rate…
30 Dec 2022 | Economy -
Canada set to compete with U.S. in the EV market: ‘We’re going to be more ambitious’
Friends, partners, allies— and rivals.
17 Dec 2022 | Economy -
Retirements among N.S. Christmas tree farmers putting pressure on remaining sellers
Christmas tree growers say a high demand this season paired with the retirement of farmers is making for a prickly situation in Nova Scotia as the Christmas countdo…
17 Dec 2022 | Economy -
Manitoba Hydro reduces rate increase ask to PUB
Manitobans may see a smaller increase to their hydro bills in the coming years than originally expected.
16 Dec 2022 | Economy -
Canadians missing out on benefits delivered by CRA when taxes not filed
Canadians who don’t file their tax returns are sometimes shocked to find out how much money they’re owed by the government for years of missed benefits, says the he…
16 Dec 2022 | Economy -
Ramifications for Alberta’s energy sector won’t become clear for long time after leap forward in fusion research
A scientific breakthrough that could one day lead to more discoveries that would revolutionize the energy sector has people around the world taking notice, includin…
14 Dec 2022 | Economy -
S&P/TSX composite slightly up, U.S. markets rise Monday
Canada’s main stock index was up slightly Monday, with gains in energy, industrials, technology and utilities, while U.S. markets posted stronger gains.
12 Dec 2022 | Economy -
Canada’s aging work force root of labour crunch: ‘This was always going to bite us’
When Dan Gallagher looks around his company, he sees a lot of retirement parties in his future.
12 Dec 2022 | Economy -
Cenovus Energy plans 2023 capital budget between $4B and $4.5B
Cenovus Energy Inc. says its capital budget will total between $4.0 billion and $4.5 billion in 2023, including about $2.8 billion of sustaining capital.
06 Dec 2022 | Economy -
Inflation driven by profits in few sectors, including oil and gas: report
A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sect…
02 Dec 2022 | Economy -
Fall economic statement does not show fiscal restraint: parliamentary budget officer
Parliamentary budget officer Yves Giroux told members of Parliament on Monday that the federal government did not show fiscal restraint in its recent fall economic …
29 Nov 2022 | Economy -
Lifting pandemic stimulus sooner would’ve limited inflation: Bank of Canada’s Macklem
The Bank of Canada and the federal government could have taken their foot off the gas sooner when stimulating the economy during the COVID-19 pandemic, Governor Tif…
24 Nov 2022 | Economy -
Canada makes 16 new jobs eligible for permanent residence, including nurse aides
Canada is now allowing foreign workers in 16 new occupations to apply for permanent residence, as the federal government looks to boost immigration to tackle labour…
17 Nov 2022 | Economy -
Calgary’s business community unpacking city’s proposed 4-year budget
Many Calgary businesses are waiting to learn how the city’s proposed four-year budget will impact their bottom line, as council prepares for deliberations later thi…
10 Nov 2022 | Economy -
Facebook parent Meta laying off 11,000 employees amid faltering revenue
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerb…
09 Nov 2022 | Economy -
As inflation runs hot, Canadians plan to cool spending on holiday gifts: poll
‘Tis the season to spend less and worry. That’s how many Canadians are feeling ahead of the winter holidays this year as they grapple with high inflation and soarin…
07 Nov 2022 | Economy -
Dollarama, Winners among retailers driving up occupancy rates: RioCan CEO
RioCan Real Estate Investment Trust says supermarkets, pharmacies and discount retailers are driving growth in its occupancy rates.
04 Nov 2022 | Economy -
Inflation will chart Canada’s economic fate, Ottawa’s fiscal update shows
Canada is ready to weather the harsh winter winds cooling the global economy, despite being set for “significantly weaker growth,” according to the government’s fal…
03 Nov 2022 | Economy -
Global uncertainty means Canada must rise, compete in new ‘friendshoring’ era
The federal government is looking to capitalize on a new era of “friendshoring” among democratic nations with a new suite of clean technology and natural resources …
03 Nov 2022 | Economy