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‘Need to get this right:’ Better storm tracking technology needed after Fiona, says expert
As the world warms, experts say there will be more extreme weather as a result, and while the ability to track a storm’s path has improved significantly over the ye…
29 Sep 2022 | Economy -
Job vacancies dropped below 1 million in July: Statistics Canada
Statistics Canada says the number of job vacancies in the country moved lower to slip below one million in July, but remained well above where they were a year earl…
29 Sep 2022 | Economy -
Deloitte forecasts short-lived recession in 2023, but says job losses shouldn’t be severe
A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte.
28 Sep 2022 | Economy -
Canada, South Korea to deepen electric vehicle production ties to counter China
South Korean President Yoon Suk-yeol says Canada is a natural match for boosting the production of electric vehicles.
23 Sep 2022 | Economy -
805K homes in Canada don’t have enough space for the people living in them: data
With a family of seven living in a three-bedroom townhouse and a fitness business she runs from home, Vanessa van Tol is a pro at maximizing space.
21 Sep 2022 | Economy -
More layoffs ahead for Canadian tech sector, Elevate conference speakers warn
The Elevate technology conference made its return to Toronto this week with a buzzy spectacle — shutting down several blocks of the Esplanade neighbourhood for a bl…
21 Sep 2022 | Economy -
U.S. Federal Reserve set to hike interest rates again with high inflation in sight
Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb in…
21 Sep 2022 | Economy -
Statistics Canada set to release August inflation figures
Statistics Canada is expected to release August inflation numbers this morning.
20 Sep 2022 | Economy -
‘I’ll be back’: Gain Wah owner vows to try and restart Chinatown restaurant after devastating fire
A legacy restaurant in Vancouver’s Chinatown known for keeping prices cheap to help feed the area’s low-income residents is grateful for the support it’s receiving …
19 Sep 2022 | Economy -
Living in Winnipeg: Renting and buying affordability breakdown
Despite the rental market trending up all over the country, Winnipeg is still more affordable for those who aren’t looking to own property.
19 Sep 2022 | Economy -
Canada’s rising prices becoming entrenched, recession may be needed: economists
The underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most see signs fast risi…
18 Sep 2022 | Economy -
USask researchers working to prevent honeybee loss among blueberry pollinators
A Ukrainian student applied for a research internship in Canada last fall.
17 Sep 2022 | Economy -
When will home prices bottom out in Canada? RBC says spring
One of Canada’s big banks is calling for the country’s cooling housing market to hit a low point in the spring before fully adjusting to rising interest rates.
16 Sep 2022 | Economy -
Trudeau to unveil new affordability plan during Liberal caucus retreat
Prime Minister Justin Trudeau Tuesday will unveil the full details of a plan to try and take some of the sting out of inflation for Canadians feeling it the most.
13 Sep 2022 | Economy -
‘Simply misinformation’: new travel regulations create exploitable loophole, critics say
From “security reasons” to “maintenance issues,” airlines have given Canadians an array of reasons this summer for why their travel plans were disrupted.
12 Sep 2022 | Economy -
U.K. royal family pumps billions into the economy. The queen’s death may change that
The death of Queen Elizabeth II is sure to send shockwaves through the economies of both the United Kingdom and Canada as experts say the brand value of the British…
12 Sep 2022 | Economy -
Rising rates add to financial ‘burden’ but needed to fight inflation: Bank of Canada
A senior official at the Bank of Canada conceded in a speech Thursday that aggressive hikes to its benchmark interest rate this year are ratcheting up the pressure …
08 Sep 2022 | Economy -
Trudeau to announce GST rebate hike in new affordability plan: sources
The federal government intends to temporarily hike GST rebate cheques in a bid to ease some of the hurt of inflation for lower income Canadians.
08 Sep 2022 | Economy -
Rent-to-own a path to homeownership for some, but not a ‘magic solution’: experts
Prime Minister Justin Trudeau plugged a suite of spending plans Tuesday aimed at improving housing affordability, including $200 million in funding for rent-to-own …
31 Aug 2022 | Economy -
‘Tip inflation’: Why Canadians are tipping more than ever
From takeout coffee, to hairstyling and fine dining – you may have noticed a phenomenon known as ‘tip creep’ or ‘tip inflation’ when you go to pay for a service.
27 Aug 2022 | Economy -
Stock markets in Canada, U.S. drop after Fed chair warns of further interest hikes
North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects…
26 Aug 2022 | Economy -
CIBC bank reports drop in third quarter profit as total revenue increases
CIBC says it earned $1.67 billion in its third quarter, down from $1.73 billion in the same quarter last year.
25 Aug 2022 | Economy -
Canada to sign EV agreements with Volkswagen, Mercedes-Benz
Ottawa is expected to sign separate agreements with Volkswagen and Mercedes-Benz on Tuesday that will see the two German auto manufacturers secure access to Canadia…
23 Aug 2022 | Economy -
What would you do with $5,000? Here’s what Canadians said amid high inflation
If you were given a surprise $5,000 with no strings attached, what would you spend it on? A new car or kitchen renovation? Tickets to an exotic location? Or would y…
22 Aug 2022 | Economy -
Germany’s Olaf Scholz coming to Canada to sign energy deal. Here’s why it matters
German Chancellor Olaf Scholz’s visit to Canada comes during a crucial moment for Germany’s energy future amid Russia’s invasion of Ukraine, allowing Canada an oppo…
20 Aug 2022 | Economy -
Why Canadian investors should care about China’s slowdown
As Canada’s central bank tries to cool the economy with another likely interest rate hike in September, authorities in China face a very different problem: slowing …
19 Aug 2022 | Economy -
Hiring is tough — especially for employers looking for bilingual talent. Here’s why
An already-tight labour pool and increasingly restrictive language laws in Quebec are making it that much more difficult to recruit bilingual talent, employers and …
17 Aug 2022 | Economy -
Feeling anxious about rising inflation? Interest rates? Here’s what to do
As Canadians navigate their way through higher interest rates and rising inflation, many are feeling more anxious and fearful when it comes to planning their financ…
14 Aug 2022 | Economy -
Hootsuite cutting 30% of staff in latest round of tech layoffs
Hootsuite Inc. says it will lay off 30 per cent of its staff as part of a global restructuring.
09 Aug 2022 | Economy -
Could robots take your job? How automation is changing the future of work
A precursor to our automated future sits inconspicuously off Baldwin Street in Toronto’s busy Kensington Market.
05 Aug 2022 | Economy -
Bank of England makes biggest rate hike in 27 years, warns of recession until 2024
The Bank of England raised interest rates in the biggest hike in 27 years on Thursday in an attempt to smother surging inflation on track to top 13 per cent, even a…
04 Aug 2022 | Economy -
As Russia strangles gas flow, Canada has ‘responsibility’ to step up on LNG: Freeland
Canada has a “political responsibility” to step up as Russia strangles flows of natural gas to European allies — and that includes a role for Ottawa in advancing a …
03 Aug 2022 | Economy -
Price hikes hit young parents as inflation soars: ‘Most expensive part of your years’
Carlyne St Jules may have to cut her family vacation short this year, thanks to soaring inflation.
03 Aug 2022 | Economy -
Cooling home sales push some owners to list their units in hot rental markets
When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers. She hired stagers, painted w…
02 Aug 2022 | Economy -
Nancy Pelosi expected to head to Taiwan as China warns of action in ‘self-defense’
U.S. House Speaker Nancy Pelosi left Malaysia on Tuesday and was expected to visit Taiwan, escalating tensions with Beijing, which claims the self-ruled island as i…
02 Aug 2022 | Economy