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Retirement? In this economy? How young Canadians can save amid high inflation
Twenty-four-year-old Jason Francone has always been pretty good with his money.
05 Jul 2022 | Economy -
Canadians are worried inflation will stay high for longer: Bank of Canada survey
A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers.
04 Jul 2022 | Economy -
Canadians are in a spending mood heading into summer. What that means for inflation
For many, it’s the first summer since the pandemic started that travel restrictions have dropped and the world feels like it’s opening up again.
02 Jul 2022 | Economy -
Montrealers face challenging moving day amid housing crisis
While some Quebecers are celebrating Canada Day, others are taking part in a more stressful kind of tradition: moving day.
01 Jul 2022 | Economy -
Monday Scaries or Magic Mondays? Tight labour market calls for 4-day workweeks
Instead of the “Monday Scaries,” employees of mobile game developer Square Enix Montreal have “Magic Mondays.”
01 Jul 2022 | Economy -
Canada Day parades cancelled in some cities amid financial woes
Canada Day celebrations are making a return after two years of scaled-down festivities because of the COVID-19 pandemic, but some Canadians hoping to catch a tradit…
29 Jun 2022 | Economy -
Greedflation: Is corporate price gouging fuelling inflation? Experts weigh in
Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentles…
26 Jun 2022 | Economy -
Inflation keeps rising, will recession follow? Experts say ‘batten down the hatches’
The Bank of Canada’s efforts to tamp down on persistent inflation are increasing the odds of pushing the economy into a recession in the next year, according to som…
25 Jun 2022 | Economy -
Canada must up incentives, charging capacity to meet EV goals: industry groups
Canadian governments must up incentives and increase the amount of charging infrastructure in the country to meet Ottawa’s electric vehicle (EV) goals, industry gro…
25 Jun 2022 | Economy -
Bank of Canada faces rare political heat as inflation soars
The Bank of Canada has come under a rare attack from critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacti…
23 Jun 2022 | Economy -
Child hunger a major concern in Canada amid skyrocketing food prices
Skipping the occasional meal has become the norm for Tara Andrews, who says soaring grocery prices have made it too hard to adequately feed herself and her two teen…
23 Jun 2022 | Economy -
Nearly half of Canadian tenants will continue to rent indefinitely: survey
Almost half of Canadians who rent expect to continue doing indefinitely and aren’t sure when they’ll be able to get into the housing market, says a new survey.
23 Jun 2022 | Economy -
Sobeys parent company sees Q4 profit grow as food inflation nears 10% in Canada
The parent company of grocery chain Sobeys Inc. says it’s focused on competitive pricing for consumers and a new rewards program as food inflation in Canada hit 9.7…
22 Jun 2022 | Economy -
Statistics Canada to release May inflation rate, expected to top 7%
Statistics Canada will release its latest reading on inflation this morning and expectations are for it to climb even higher.
22 Jun 2022 | Economy -
Feds are ‘doing nothing of any significance to slow inflation’: Scotiabank
A cut in planned government spending could help tame rampant inflation and reduce pressure on the Bank of Canada to hike interest rates, according to a report from …
20 Jun 2022 | Economy -
Here’s how drivers around the world are coping with soaring gas prices
At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers sho…
20 Jun 2022 | Economy -
Halifax advocacy group calls for permanent immigration status for migrant workers
A small group of people gathered outside Halifax MP Andy Fillmore’s office on Sunday to call on the federal government to better support migrant workers.
19 Jun 2022 | Economy -
Bitcoin drops below US$ 20,000 for the first time since 2020
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.
18 Jun 2022 | Economy -
Could ‘demand destruction’ bring gas price relief? Experts are not so sure
There’s a famous saying that ‘the cure for high prices is high prices,’ but when it comes to gasoline, that may not necessarily be the case.
17 Jun 2022 | Economy -
Grand Manan mayor leaves ‘positive’ meeting with Ottawa as bank closure looms
The mayor of the remote New Brunswick community on Grand Manan Island which is set to lose its last remaining bank for miles, says a meeting with federal finance of…
16 Jun 2022 | Economy -
Freeland touts affordability programs, but no new spending, to combat inflation
Deputy Prime Minister and Finance Minister Chrystia Freeland on Thursday defended the Bank of Canada against political attacks and restated government spending plan…
16 Jun 2022 | Economy -
Russia, China should not be allowed to dominate critical minerals market: minister
The strategic mistake made in allowing Russia to have global dominance in oil and gas cannot be repeated as the world looks to massively ramp up production of criti…
16 Jun 2022 | Economy -
Home sales dropped 22% in May as interest rates cool housing market: CREA
The Canadian Real Estate Association says the country’s housing market continued to cool last month with home sales dropping by nearly 22 per cent since last year a…
15 Jun 2022 | Economy -
U.S. Federal Reserve set for major interest rate hike amid high inflation
The Federal Reserve is expected Wednesday to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that …
15 Jun 2022 | Economy -
Ottawa wants sweeping new powers to direct companies’ ‘critical’ cyber defence
The Canadian government wants sweeping new powers, including access to confidential information, in order to “direct” how critical infrastructure operators prepare …
14 Jun 2022 | Economy -
Canada seeing surge in new startups amid COVID-19 pandemic, poll shows
A downturn seems like the worst time to start a business.
14 Jun 2022 | Economy -
Crypto market’s crash could send shockwaves through the financial system
On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the …
11 May 2022 | Economy -
Freedom Mobile sale not enough to OK Rogers-Shaw merger: watchdog
The Commissioner of Competition says plans by Rogers Communications Inc. and Shaw Communications Inc. to sell Shaw’s wireless business do not outweigh the harm that…
11 May 2022 | Economy -
Bitcoin has lost nearly half its value since 2021 peak
Bitcoin is seeing its value rapidly erode amid a global stock market downturn.
09 May 2022 | Economy -
Shopify reaches deal to buy logistics company Deliverr for US$2.1 billion
Shopify Inc. says it has signed a deal to buy logistics company Deliverr Inc. in a deal valued at about US$2.1 billion.
05 May 2022 | Economy -
Fixed or variable? How to pick a mortgage as interest rates rise
The Bank of Canada’s effort to cool the housing market by hiking interest rates has house hunters and home owners alike re-examining what kind of mortgage they can …
02 May 2022 | Economy -
Desire for private flying amid COVID-19 still around: ‘If anything demand has accelerated’
Guy Stockbridge runs multiple businesses from his headquarters in central California, including landscape companies that ripple across his home state and a utility …
02 May 2022 | Economy -
Elon Musk lays out big plans for transforming Twitter. Here’s what we know so far
Tesla CEO Elon Musk has laid out some bold, if still vague, plans for transforming Twitter into a place of “maximum fun” once he buys the social media platform for …
01 May 2022 | Economy -
Facebook’s Meta sees stock surge despite slowest revenue growth in a decade
Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since g…
27 Apr 2022 | Economy -
S&P/TSX composite falls to 3-month low on fears about slowing economic growth
TORONTO — Canada’s main stock index lost more than 300 points as a big drop in the technology sector drove it to its lowest level in three months on ongoing concern…
26 Apr 2022 | Economy