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Bank of Canada should issue a digital currency, think tank says
The C.D. Howe Institute thinks the Bank of Canada should issue a digital currency that can be converted into cash.
25 Nov 2021 | Economy -
Why Canada’s food inflation may get worse before it gets better
When it comes to food prices, Canadians may be in for an expensive winter.
22 Nov 2021 | Economy -
CRTC begins hearings into Rogers’ takeover of Shaw Communications
Hearings are set to begin Monday at the federal telecoms regulator on Rogers Communications Inc.‘s proposed $26 billion takeover of Shaw Communications Inc.
22 Nov 2021 | Economy -
The CPP earnings cap is increasing at the fastest rate in 30 years. Why and what it means
The Canada Pension Plan (CPP) earnings ceiling is increasing at the highest rate in 30 years, a change that will provide a boost to benefits for new retirees and a …
19 Nov 2021 | Economy -
B.C. flooding could cause local food and gas shortages, widespread supply chain woes
Catastrophic flooding in British Columbia could result in shortage of consumer goods, higher diesel and gasoline prices, and an added wrench in Canada’s manufacturi…
18 Nov 2021 | Economy -
Evolution of renewables and biofuels needed to hit climate targets, Wilkinson says
In a country intent on helping to slow global warming without destroying its economy, Canada’s latest natural resources minister says his department can no longer b…
16 Nov 2021 | Economy -
Bank of Canada ‘getting closer’ to raising rates, governor says
The Bank of Canada will not raise its benchmark interest rate until the slack in the country’s<br/>economy is absorbed, which has not yet happened but is getting closer,…
15 Nov 2021 | Economy -
Supply chain woes threaten COVID-19 recovery for small businesses
The global supply chain crisis, driven by a scarcity of materials, overseas shipping delays and labour shortages, has not hit all businesses equally.
15 Nov 2021 | Economy -
EV tax credit ‘not good news’ for Canada, ambassador to U.S. says
Canada’s ambassador to the U.S. stressed further that a proposed tax credit that encourages electric vehicle production in the U.S. would cause harm to Canada’s eco…
14 Nov 2021 | Economy -
Thousands of low-income CRB recipients saw decline in federal support, documents show
Internal government documents are providing the clearest picture yet of the impact that emergency aid is having on federal support to low-income seniors and familie…
13 Nov 2021 | Economy -
Prairie livestock producers facing shortage of feed, water as winter sets in
The consequences of last summer’s searing drought are being felt on farms and ranches across the Prairies, where some livestock producers are heading into a long, c…
11 Nov 2021 | Economy -
Ghosting at work: As labour shortage persists, employers lament increasing no-shows
Even before the COVID-19 pandemic, Court Desautels had had a few job candidates ghost a job interview. But it was a very rare occurrence, with around 10 per cent of…
05 Nov 2021 | Economy -
Canadian homebuyers facing weeks of move-in delays tied to supply chain snags
The global supply chain crisis stemming from the COVID-19 pandemic is delaying more than just Christmas presents and semiconductors — it also disrupted the start of…
02 Nov 2021 | Economy -
Elon Musk says will sell $6B in Tesla stock if UN shows how it will solve world hunger
Elon Musk, the richest person in the world, says he will sell $6 billion worth of Tesla stock and donate the proceeds to the United Nations’ food agency if it could…
01 Nov 2021 | Economy -
Faster interest rate hikes shadow federal plans to manage debt
The Bank of Canada‘s move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expec…
31 Oct 2021 | Economy -
Ho Ho … uh oh! How supply chain woes could affect your holiday shopping
Global supply chain issues are coming for your gift list.
30 Oct 2021 | Economy -
Rogers family drama: These are the key players as court hearing approaches
The family drama at Rogers Communications Inc. continues to play out ahead of a legal hearing in B.C. Supreme Court on Monday.
28 Oct 2021 | Economy -
Supply chain woes cost Apple $6B in sales ahead of worse holiday quarter, CEO says
Supply chain woes cost Apple Inc $6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook…
28 Oct 2021 | Economy -
Wage inflation is coming – and could complicate things for the Bank of Canada
Canadian workers are fast becoming hot commodities in a tight labour market and companies are increasingly forced to raise wages to fill jobs – and retain existing …
28 Oct 2021 | Economy -
Toronto mayor defends role in Rogers family trust amid boardroom drama
Toronto Mayor John Tory responded to questions about his role in the Rogers family trust on Wednesday, saying it hasn’t affected his commitment to the top job at Ci…
28 Oct 2021 | Economy -
Interest rates are headed up. What it means for variable and fixed mortgage rates
The Bank of Canada (BoC) said on Wednesday it’s keeping its trend-setting interest rate on hold for now, but borrowing costs for many Canadians are likely headed up.
27 Oct 2021 | Economy -
Rogers’ family feud spotlights dual-class share structures
A type of corporate equity structure used by several of Canada’s most prominent companies is once again under fire from critics in light of the current chaos at Rog…
26 Oct 2021 | Economy -
Rogers family drama: What to know and why you should care
The family drama surrounding Rogers Communications Inc. could have ripple effects for the company and its shareholders if it’s not resolved soon.
25 Oct 2021 | Economy -
Ousted Rogers board chair Edward Rogers re-elected as chair in ‘illegitimate’ meeting
The fight for control of Rogers Communications Inc. continues today after a Sunday-evening meeting that included ousted chair Edward Rogers and five new, hand-picke…
25 Oct 2021 | Economy -
Why everything you want is out of stock or more expensive
Supply chains are complicated. But if you’re wondering why everything you want to buy seems to be stuck in a global traffic jam these days, the answer is relatively…
25 Oct 2021 | Economy -
Fintech credit card space is growing. Here’s what you should know
If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings.
24 Oct 2021 | Economy -
Over 627K Canadians continuously relied on now-defunct CRB: internal government data
An internal government analysis on the Canada Recovery Benefit says the majority of recipients who received the federal help were continuous or repeat beneficiaries…
24 Oct 2021 | Economy -
Canadians plan to shop in-person, spend more during holidays: survey
A Retail Council of Canada survey says Canadians are planning to spend more this holiday season as they prepare to return to stores in greater numbers a year after …
21 Oct 2021 | Economy -
Food prices rose nearly 4% in September. These products saw the biggest jump
The country’s annual rate of inflation reached its highest level since 2003 last month, Statistics Canada said Wednesday, amid ongoing supply chain disruptions in w…
20 Oct 2021 | Economy -
Firms still struggling to find workers, willing to pay more: Bank of Canada survey
New data from the Bank of Canada shows workers are more willing to leave their jobs in search of new work, and businesses working harder to attract talent.
18 Oct 2021 | Economy -
Hudson’s Bay sues Quebec retail family over alleged trademark infringement of Zellers brand
Hudson’s Bay Co. ULC is suing a Quebec retail family over the use of the Zellers brand.
18 Oct 2021 | Economy -
Trudeau’s tax plan won’t pay down record levels of debt, experts say
Prime Minister Justin Trudeau‘s new government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to a…
18 Oct 2021 | Economy -
Why living in a big city for a higher salary may not pay off
Dave Battersby and Cindy McAdam always planned a return to small-town life. The COVID-19 pandemic merely sped up the couple’s plans.
16 Oct 2021 | Economy -
Housing market fire still sizzling in 2nd-busiest September ever, CREA reports
The Canadian Real Estate Association says September home sales edged up on a month-over-month basis for the first time since March.
15 Oct 2021 | Economy -
IKEA expects supply chain disruptions into 2022 as it fights ‘perfect storm’
IKEA, the world’s biggest furniture brand, is leasing more ships, buying containers and re-routing goods between warehouses as it works hard to mitigate a “perfect …
14 Oct 2021 | Economy