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Speculation by Canadians ‘absolutely’ playing a role in red-hot home prices: expert
Speculation by Canadians investing in the real estate market is “absolutely” one of the factors contributing to sky-high home prices, says one economist studying ho…
24 Apr 2022 | Economy -
Broadway subway: Tunneling to start this summer as machine parts arrive in Vancouver
British Columbians are getting an early look at the equipment that will be used to dig Vancouver’s new Broadway subway line.
23 Apr 2022 | Economy -
Canada’s upcoming spending review won’t slash social programs, feds say
The Liberal government is insisting that the goal of an upcoming federal spending review is not to slash social programs, while gender-equality advocates want to ma…
23 Apr 2022 | Economy -
Aggressive tone from central banks sends TSX to biggest 2-day drop since 2020
TORONTO — Canada’s main stock index suffered its worst two-day slump in nearly two years as a more aggressive tone about interest rate hikes from central banks wrea…
22 Apr 2022 | Economy -
Vacant Bay store in downtown Winnipeg to be used in part for affordable housing: sources
Winnipeg’s vacant downtown Hudson’s Bay store will be converted in part into affordable housing, sources say.
21 Apr 2022 | Economy -
Priced out of Ontario, homebuyers turn their eyes to the Calgary real estate market
CALGARY — As Ontario’s sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west in h…
20 Apr 2022 | Economy -
Amazon Canada unveils advanced robotics fulfillment centre in Hamilton
Amazon Canada expects its newest robotics fulfillment centre in Hamilton to create close to 1,500 new jobs as part of an Ontario expansion targeting 4,500 fresh pos…
19 Apr 2022 | Economy -
Canadians tipping more generously during COVID-19, new data finds
Canadians have been tipping local businesses more generously during COVID-19 compared to pre-pandemic times, suggests new data released by technology company Square.
15 Apr 2022 | Economy -
Bank of Canada hiked interest rates to ‘forcefully’ tame inflation. Will it work?
Experts say the Bank of Canada’s efforts to tackle inflation with oversized interest rate hikes will take time to bring price growth back to normal levels as the ce…
13 Apr 2022 | Economy -
Bank of Canada hikes key interest rate 50 basis points for 1st time in 22 years
The country’s benchmark interest rate is rising half a percentage point, the Bank of Canada announced Wednesday, the first time it has raised rates by more than 25 …
13 Apr 2022 | Economy -
Bank of Canada interest rate hike: How it connects to inflation, job market
The Bank of Canada is moving ahead with another hike to its key policy rate in the face of decades-high inflation rates and record-low unemployment rates.
13 Apr 2022 | Economy -
Bank of Canada due for ‘oversized’ 50-basis-point interest rate hike: economist
The Bank of Canada is likely to hike its key overnight rate by half a percentage point on Wednesday, the Conference Board of Canada’s chief economist says, as the t…
12 Apr 2022 | Economy -
Biden to waive restrictions on ethanol fuel blends in bid to curb high U.S. gas prices
U.S. President Joe Biden unveiled plans on Tuesday to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring fuel costs and …
12 Apr 2022 | Economy -
Budget 2022 and Canada’s incredible disappearing deficits
Before we’d ever heard of COVID, there was a time when the first question asked of any Finance Minister delivering their budget was always: “Is it balanced?” Those …
09 Apr 2022 | Economy -
Unemployment rate hit record low 5.2% in March: Statistics Canada
Canada’s unemployment rate dropped to a record low 5.2 per cent in March as provinces including Ontario and Quebec saw record employment gains in an already tight j…
08 Apr 2022 | Economy -
Federal budget: Bank tax could hurt Canada’s competitiveness, CIBC CEO says
CIBC’s chief executive officer says a tax hike targeting major financial institutions expected in today’s federal budget could send the wrong signal to the world ab…
07 Apr 2022 | Economy -
NDP expecting no ‘surprises’ in federal budget, want Liberals to honour spending promises
The New Democrats are confident there will be “no surprises” in the federal budget and that the Liberals will honour spending pledges made in their confidence and s…
07 Apr 2022 | Economy -
Amid soaring gas prices, Republicans in U.S. Congress bring up Keystone XL decision
Republicans are doing their best to resurrect the controversy around the long-dead Keystone XL pipeline expansion, using it as an election-year political cudgel aga…
06 Apr 2022 | Economy -
Federal budget must make housing more affordable, Canadian cities urge
The head of the Federation of Canadian Municipalities says the federal Liberals must be ambitious about lowering the cost of housing in the federal budget later thi…
05 Apr 2022 | Economy -
Ahead of Budget 2022, Liberals eye more spending as inflation fears grow
Canada’s Liberals find themselves in a bind ahead of this week’s budget: the economy has recovered from the pandemic, yet Prime Minister Justin Trudeau has pledged …
05 Apr 2022 | Economy -
Feds looking to ‘future proof’ carbon pricing in Canada: Guilbeault
The federal government is looking to “future proof” the carbon price against political decisions to cancel or lower it down the road.
30 Mar 2022 | Economy -
The federal carbon tax is set to rise April 1. How will that affect gas prices?
Gas prices in some provinces are set to rise Friday as the federal carbon tax increases.
30 Mar 2022 | Economy -
NDP, unions happy Liberals will include strikes in anti scab law
Including striking workers in a proposed anti-scab bill was a “major component” of negotiations while hashing out a confidence and supply agreement with the Liberal…
29 Mar 2022 | Economy -
Canada housing market showing signs of ‘cooling’ as more interest rate hikes loom
Real estate watchers say rising interest rates are already starting to have a “cooling effect” on Canada’s hot housing market, but some economists are warning that …
28 Mar 2022 | Economy -
60% of Canadians worry about feeding their families amid inflation: Ipsos poll
Surging inflation has a growing number of Canadians concerned they won’t be able to stretch their dollars far enough to keep food on the table, according to the lat…
23 Mar 2022 | Economy -
Canadians still spending on travel, new cars despite red-hot inflation
Red-hot inflation has Canadians opening their wallets wider at the grocery store and gas pump, but that’s not stopping them from also spending on travel, new cars a…
22 Mar 2022 | Economy -
Air Canada adding 26 new extra long range Airbus A321neo aircraft to its fleet
Air Canada says it is acquiring 26 new extra-long range Airbus A321neo aircraft.
22 Mar 2022 | Economy -
Labour minister facing economic, political pressure as CP Rail strike continues
The pressure is on in Ottawa today as a CP Rail work stoppage enters its second day.
21 Mar 2022 | Economy -
Thousands of CP Rail workers pack the picket line as no union deal reached
Canadians expect a swift end to a work stoppage at CP Rail, federal Labour Minister Seamus O’Regan said Sunday, hours after thousands of workers ended up on the pic…
20 Mar 2022 | Economy -
Sky-high gas prices are pushing Canadians to consider electric vehicles
Sky-high gas prices are pushing electric vehicles (EVs) further into the spotlight as of late, as more drivers think seriously about going electric.
20 Mar 2022 | Economy -
Doug Ford to meet with business officials in Washington, D.C.
Ontario Premier Doug Ford will head to Washington, D.C., to meet with top officials and business leaders in the U.S.
20 Mar 2022 | Economy -
Most Canadians are cutting back their food spending as inflation soars: poll
A new poll suggests Canadians are looking for ways to cut back on spending as their concerns about the cost of living rise alongside headline inflation rates.
18 Mar 2022 | Economy -
U.S. Fed hikes interest rates for first time since 2018 to tame inflation
The Federal Reserve launched a high-risk effort Wednesday for the first time since 2018 to tame the worst inflation since the 1970s, raising its benchmark short-ter…
16 Mar 2022 | Economy -
A growing city with growing unaffordability: How Halifax’s cost of living is ‘affecting everyone’
The past couple of years have seen an explosion in the cost of housing, food, and, more recently, fuel.
16 Mar 2022 | Economy -
‘Year of the condo’: Waning pandemic could see migration back to big cities
The gradual recession of the COVID-19 pandemic could see demand for condos in Canada’s big cities hold strong in 2022, real estate experts say, even as rising inter…
15 Mar 2022 | Economy