-
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 -
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