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Average home price in Canada hit a record $816,720 in February
The Canadian Real Estate Association says the national average home price hit a record $816,720 in February, as supply slowly started to return to the market and sa…
15 Mar 2022 | Economy -
British Columbia ties highest in Canada minimum wage increases to inflation
British Columbia’s minimum wage is the highest in the country and it is about to go even higher.
14 Mar 2022 | Economy -
Bank governor: Carbon tax boosts inflation rate by nearly half-a-point
The federal carbon tax has boosted inflation by nearly half-a-percentage point, Bank of Canada Governor Tiff Macklem told members of the House of Commons Standing C…
14 Mar 2022 | Economy -
Alberta’s Indigenous tourism industry gets $1.3M funding boost from feds
The federal government announced Wednesday it will invest $1.3 million to support Indigenous tourism organizations that showcase Alberta as a premier destination.
09 Mar 2022 | Economy -
Canadian dollar will strengthen this year as oil prices boom: poll
Canada’s dollar will strengthen over the coming year as soaring commodity prices boost the domestic economic outlook and the Bank of Canada hikes interest further, …
04 Mar 2022 | Economy -
Canada needs higher interest rates to cool inflation: Bank of Canada’s Macklem
Canada’s top central banker says raising the Bank of Canada‘s benchmark interest rate may be costly for households, but waiting longer to act would be more costly f…
03 Mar 2022 | Economy -
Canadians are concerned about how higher interest rates will hit their wallets
Looming interest rate hikes have Canadians increasingly worried about making ends meet, according to an Ipsos survey commissioned for insolvency firm MNP Ltd.
23 Feb 2022 | Economy -
Feds announce $20M support for Ottawa businesses impacted by convoy blockade
The federal government has announced $20 million in support for local businesses in Ottawa that have been impacted by the ongoing blockade due to protests against C…
19 Feb 2022 | Economy -
Canadians want companies to do more to tackle climate change, low wages: poll
Canadians do not believe businesses are doing enough to address the societal challenges of our time and want more engagement from their business leaders, a new surv…
16 Feb 2022 | Economy -
TD Bank freezes two personal accounts that received over $1M for trucker convoy
Toronto-Dominion Bank has frozen two personal bank accounts into which C$1.4 million ($1.1 million) had been deposited to support protesters fighting the Canadian g…
12 Feb 2022 | Economy -
Price hikes coming as Ambassador Bridge blockades add to inflation pressures
Blockades at the Ambassador Bridge will only turn up the heat on already soaring inflation levels in the days ahead, economists predict, putting further pressure on…
11 Feb 2022 | Economy -
Ambassador Bridge blockades giving ‘ammunition’ to ‘Buy America’ champions
The impact of the ongoing Ambassador Bridge blockades on automotive manufacturing on both sides of the border is stoking the flames of economic nationalism and supp…
10 Feb 2022 | Economy -
Meat and cheese top stolen items as experts warn grocery theft on the rise
Shoplifting appears to be on the rise at grocery stores in Canada as a growing number of supermarkets report an increase in thefts of food and pharmacy products.
08 Feb 2022 | Economy -
Canada posted a $137M trade deficit in December, ending six months of surpluses
Statistics Canada says the country posted a merchandise trade deficit of $137 million in December to end a run of six consecutive monthly surpluses as imports rose …
08 Feb 2022 | Economy -
Economic impacts of trucker convoy protests could be felt for months, experts warn
First Bite Treats has been through a lot in the six months since it first opened in Ottawa’s ByWard Market.
08 Feb 2022 | Economy -
Nissan to stop making new gas engines in all markets except U.S.: report
Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles…
07 Feb 2022 | Economy -
Canada lost 200K jobs in January amid Omicron-driven shutdowns
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron variant of COVID-19.
04 Feb 2022 | Economy -
Inflation may be ‘uncomfortably high’ for 1st half of 2022: BoC governor
The country’s top central banker is warning of uncertainty for how quickly three-decade-high inflation rates will come back down to the Bank of Canada‘s comfort zon…
02 Feb 2022 | Economy -
Rogers names new CFO amid ongoing senior leadership shuffle
Rogers Communications Inc. has named a new chief financial officer amid an ongoing senior leadership shuffle.
01 Feb 2022 | Economy -
Tesla recalling 54,000 self-driving cars for rolling stop bug
Tesla is recalling nearly 54,000 cars and SUVs because their “Full Self-Driving” software lets them roll through stop signs without coming to a complete halt.
01 Feb 2022 | Economy -
RCMP say protesters ‘chose not to comply’ as Coutts protest enters 4th day
A blockade at the Coutts border crossing is entering its fourth day and Alberta RCMP said protesters are not complying.
01 Feb 2022 | Economy -
Canadian companies need pay transparency to address wage gap, advocates say
As widespread labour shortages force Canadian companies to re-evaluate their employee recruitment and retention practices, experts say pay transparency is increasin…
30 Jan 2022 | Economy -
Feds trim budget deficit to $73.7 billion from April to November
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
28 Jan 2022 | Economy -
Uber Canada drivers, couriers get deal for free dispute resolution coverage
Uber Technologies Inc. has signed an agreement with a private sector union that will provide representation to Canadian drivers and couriers, but does not unionize …
27 Jan 2022 | Economy -
U.S. Fed signals rate hike as soon as March to fight inflation
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rat…
26 Jan 2022 | Economy -
Interest rates are holding steady. Here’s what that means for inflation, housing
The Bank of Canada did not hike its benchmark interest rate on Wednesday despite pressure to cool surging inflation and a red-hot housing market. The central bank’s…
26 Jan 2022 | Economy -
Bank of Canada holds interest rates amid surging inflation
The Bank of Canada kept its trendsetting interest rate at rock-bottom levels on Wednesday, holding off on planned increases aimed at controlling surging inflation.
26 Jan 2022 | Economy -
Inflation hits Canadians already struggling with groceries, gas hardest: experts
A 30-year high in the annual rate of inflation is hitting Canada’s lowest-income families hardest, experts say, as price hikes compound on groceries, essentials and…
25 Jan 2022 | Economy -
Indigenous non-profit group seeks ownership stake in Trans Mountain Pipeline
A new Indigenous non-profit organization is seeking an ownership stake in the Trans Mountain Pipeline, saying its aim is to make sure communities along the pipeline…
24 Jan 2022 | Economy -
Quebec punching below its economic weight, federal officials tell new minister
The Quebec economy is strong but is punching below “its demographic weight”, suffering from labour shortages and is behind the national average when it comes produc…
24 Jan 2022 | Economy -
Canadians may see less food in grocery stores, but experts say no need to panic
Canadians will likely experience shortages of some food items and increased prices as the Omicron COVID-19 variant snags supply chains and a vaccine mandate takes e…
23 Jan 2022 | Economy -
Kenney says relations with Trudeau ‘professional,’ but climate minister is ‘extremist’
Alberta Premier Jason Kenney says federal Environment Minister Steven Guilbeault is an “extremist,” but maintains his relationship with Prime Minister Justin Trudea…
23 Jan 2022 | Economy -
Staycation boom could revitalize domestic tourism as pandemic persists
Like many Canadians in 2019, Toronto resident Daniela Renda was looking forward to a new year filled with fun travel, including a planned trip to Italy and France w…
21 Jan 2022 | Economy -
Omicron, inflation, housing: What’s going into the Bank of Canada’s interest rate call?
The likelihood of an interest rate hike from the Bank of Canada next week is growing as record levels of inflation and high housing prices coincide with an anticipa…
20 Jan 2022 | Economy -
Canada eyeing 5G’s impact on ‘critical’ aircraft tech amid U.S. warnings
Canadian officials and airline leaders are weighing the potential impacts of 5G technology on “critical” aircraft technology amid warnings from American air industr…
19 Jan 2022 | Economy