Powerball lottery players in Missouri and Texas to split nearly US$1.8 billion jackpot – National
Descrease article font size Increase article font size The massive Powerball lottery in the U.S. finally has a winner. The…
Category: Finance
Despite weaker U.S. job market data, stock markets are holding steady – National
Wall Street is holding steady on Thursday as the countdown ticks to an update on the U.S. job market coming…
Wages and salary data suggest getting a pay boost may soon get harder – National
Canadians looking for a salary or wage bump to help with the cost-of-living crunch may be in for disappointment as…
The condo market is struggling. Are they still a good retirement plan? – National
In early 2022, it looked like Canada’s condo market would never slow down. For older buyers with a little extra…
Why tech stocks like Nvidia have been under pressure this week – National
Technology stocks have been slipping over the last week, with companies like Nvidia and Tesla seeing sharp drops and spikes…
Is now the time to overhaul Canada’s Old Age Security? Why some urge yes – National
Ahead of the 2025 federal budget to be released this fall, some are raising a question that could be a…
Trump’s tariffs lead to record revenues, but U.S. deficit still climbed 20% – National
Despite the U.S. taking in record income from President Donald Trump’s tariffs in July — with a 273% increase in…
Lotto 6/49 and Lotto Max winning numbers for Friday and Saturday
By Staff The Canadian Press Posted August 10, 2025 11:55 am 1 min read Descrease article font size Increase article…
Stocks sink on Bay and Wall Streets, but loonie rises following new tariffs – National
Stocks are opening lower on Wall Street and Treasury yields are falling sharply after the government reported a sharp slowdown…
Canada’s economy ‘treading water’ after GDP dropped for 2nd straight month – National
Canada’s economy shrank in May for the second straight month as the trade war with the United States continues to…
Bank of Canada holds interest rates, citing ‘clouded’ economic outlook – National
Interest rates in Canada are holding steady for now, with the Bank of Canada’s governor Tiff Macklem describing the “unpredictable”…
Provinces’ deficits could shrink in coming years despite trade war: report – National
Under pressure from the U.S. trade war and a slowing economy, Canada’s provinces are all expected to run fiscal deficits…
Will the Bank of Canada and U.S. Fed cut interest rates this week? – National
This week is sure to be a nail-biter for many Canadians and Americans watching whether central banks in both countries…
Will Bank of Canada cut rates next week? How new data factors into the call – National
While the latest Bank of Canada survey data suggests both businesses and consumers are in need of more financial relief…
U.S. House passes cryptocurrency bill, sends to Trump’s desk – National
The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President…
How Canada’s oil sands transformed into one of North America’s lowest-cost energy producers
Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s…
Wall Street rides roller-coaster after Trump walks back talk of firing Powell – National
U.S. stocks are shaky on Wednesday as President Donald Trump said he had “talked about the concept of firing” the…
Porter Airlines cabin crew files application to certify union: CUPE
By Staff The Canadian Press Posted July 14, 2025 1:03 pm Updated July 14, 2025 1:11 pm 1 min read…
Bitcoin sets new record as crypto markets expect Trump to ease regulations – National
Bitcoin surpassed US$120,000 for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet…
Alberta, Ottawa putting $203M to building over 2,300 new affordable housing units
By Staff The Canadian Press Posted July 11, 2025 3:52 pm Updated July 11, 2025 3:56 pm 1 min read…
U.S. investors scooping up homes faster than would-be buyers, data shows – National
Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly…
Crypto industry wants Canada to embrace stablecoins, but concerns remain – National
As the U.S. government takes big steps to usher cryptocurrency into mainstream finance, one of the world’s biggest crypto exchanges…
Number of Canadians with pension plans jumped by 300K. Are you one of them? – National
An additional 293,500 Canadians enrolled as members of a registered pension plan in 2023, Statistics Canada data released Tuesday showed.…
The tax deadline for self-employed Canadians is days away. What to know – National
The tax filing deadline for most Canadians this year was April 30, but there is still a bit more time…
GST relief could save 1st-time home buyers $240 on mortgages: report – National
The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on…
Average asking rents fall annually for 8th-straight month in Canada to $2,129: report
The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the…
Bank of Canada’s head says rate pause a result of ‘shock-prone’ world – National
Tiff Macklem is wearing an Edmonton Oilers pin as he reflects on coming very close to beating big odds. It’s…
Will the Bank of Canada cut interest rates? What economists expect – National
Many Canadians are eagerly watching the Bank of Canada’s interest rate announcement this week to see if it could mean…
Planning a wedding in Canada? Tariffs could blow your budget – National
A bouquet in hand, a photographer clicking away and glasses raised in celebration: for some Canadian couples, these wedding day…
Trump’s ‘Golden Dome’ offer has Canada, others unsure of $61B price tag – National
Canada does not know what it would cost to join U.S. President Donald Trump’s proposed “Golden Dome” missile defence program,…
Mortgage-free retirement? Not so for 29% of soon-to-be retirees – National
A third of Canadians approaching retirement in the next two years expect to keep paying their mortgages after they have…
Canada Post workers issue strike notice for May 23
Canada Post workers have issued strike notice to start on Friday, May 23 at 12 a.m. local time. On Monday,…
U.S. loses AAA credit rating due to rising debt, interest costs: Moody’s – National
Descrease article font size Increase article font size Moody’s on Friday downgraded its credit rating of the United States by a…
What Liberals are planning for federal budget, ‘middle-class tax cut’ – National
The federal government does not plan to table a federal budget before the House of Commons rises this summer, the…
Why the U.S.-China tariff pause could signal ‘good news’ for Canadians – National
As stock markets rallied after news of a 90-day trade war truce between China and the U.S., some stakeholders remain…
Global stock markets surge as U.S. and China reach 90-day trade truce – National
Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.…
Bill Gates pledges almost all his multi-billion-dollar fortune to charity – National
Billionaire Microsoft co-founder Bill Gates — the 13th-richest man in the world — says he will donate 99 per cent…
Ford and other companies expecting billions in tariff impacts this year – National
Many global automakers are planning for the costly impact of the trade war, and some saying they expect to see…
Canadian businesses are continuing to find alternative markets to the U.S. – National
A manufacturer of capsules and tablets for the pharmaceuticals industry is scouting Asia for new partners. A steel component maker,…
Trump threatens tariffs on movies, but experts say it may not be so simple – National
The film and streaming industry is the latest area of focus for U.S. President Donald Trump and his tariff strategy,…
The costs to own a car in Canada are rapidly rising, in addition to tariffs – National
Owning a vehicle in Canada is rapidly getting more expensive — in some cases, at a faster rate than inflation…
How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move – National
Uncertainty about both the rapidly changing U.S. trade policy and the impact it’s having on the Canadian economy dominated discussion…
Apple says most devices will come from India, Vietnam to avoid U.S. tariffs – National
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter…
McDonald’s says sales keep falling as diners hit by high prices – National
By Dee-ann Durbin The Associated Press Posted May 1, 2025 9:33 am 1 min read Descrease article font size Increase…
Stock markets drop on news that U.S. economy shrank amid tariffs – National
Read more about why economists call stagflation an economic “double kiss of death” here. U.S. stocks began Wednesday with a…
Amazon denies plan to display U.S. tariff costs after White House criticism – National
Amazon says it’s not planning to display added tariff costs next to product prices on its site — despite a…
Why filing your taxes last minute in Canada could be risky this year – National
With just a few days left before the tax filing deadline, many Canadians are still waiting until the last minute…
Markets see gains after Trump says he won’t try to fire Fed chair – National
U.S. stocks rose Wednesday as a worldwide rally came back around to Wall Street after President Donald Trump appeared to back off his…
Canada, U.S. stock markets rally as economic uncertainty persists – National
U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald…
Trump’s attacks on U.S. Fed chair spark big drops on Wall Street – National
U.S. President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the independent central…
UnitedHealth’s stock drops over 22% for worst day since 1998. Here’s why – National
Most U.S. stocks climbed Thursday, but the worst drop for UnitedHealth Group in a quarter of a century kept Wall…
Canadians are banking on tax refunds amid ‘staggering’ debt – National
As recession fears loom, a “staggering” number of Canadians say they are in financial debt and many are banking on…
U.S. egg prices surge to record highs despite Trump’s predictions – National
By Josh Funk The Associated Press Posted April 10, 2025 9:12 am Updated April 10, 2025 9:16 am 1 min…
Investor confidence in America may be fading as U.S. bonds sell-off – National
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner…
Canada, U.S. markets close higher, capping ‘topsy-turvy’ tariff week – National
Canadian and U.S. stocks closed higher Friday, capping off a tumultuous week that saw nausea-inducing drops and intense spikes driven…
North American markets end in the red amid concerns of U.S.-China tariffs – National
U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s…
Filing your taxes? You might run into this CRA website ‘issue’ – National
The tax deadline is just a few weeks away, and some Canadians who may have already filed with the Canada…
Stock markets rally after Trump announces tariff relief for most countries – National
U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said…
Liberals favoured to best manage energy, resources, Ipsos poll says
With Canada’s future relationship with the United States dominating the federal election campaign so far, a new poll is shedding…
Amid tariff volatility in markets, how we got here and how it hits you – National
The trade war brought on by U.S. President Donald Trump’s tariffs has sent a ripple effect across the globe, leading…
Trade war sends Wall Street, global markets into worst crisis since COVID – National
Wall Street’s worst crisis since COVID slammed into a higher gear Friday. The S&P 500 lost 6% after China matched President Donald…
Trump tariff impacts ‘significantly larger than expected’: U.S. Fed chair – National
ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the…
Wall Street sees worst day since 2020 as markets reel from Trump’s tariffs – National
Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries…
Penguins and polar bears outnumber people in some tariff-hit territories – National
Some of the world’s least inhabited islands and territories have been hit by U.S. President Donald Trump’s “reciprocal” tariffs on…
Trump’s reciprocal tariffs, from highest to lowest so far – National
U.S. President Donald Trump announced the range of reciprocal tariffs he is imposing against nearly 200 global trading partners, saying…
Hudson’s Bay to keep 6 stores open, begin liquidation of all other locations in days
After a week spent seeking a lifeline, an Ontario court has given Canada’s oldest company permission to start liquidating all…
Capital gains tax changes will not move forward, Carney confirms – National
By Craig Lord The Canadian Press Posted March 21, 2025 2:14 pm 1 min read Descrease article font size Increase…
Small business confidence hits record low amid US. tariffs: CFIB – National
By Staff The Canadian Press Posted March 20, 2025 8:28 am Updated March 20, 2025 8:32 am 1 min read…
Have non-sufficient funds? Banks will soon only be able to charge $10 – National
By Staff The Canadian Press Posted March 19, 2025 10:10 am 1 min read Descrease article font size Increase article…
U.S. Federal Reserve holds interest rate, sees slower economic growth ahead – National
The United States Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut…
Have capital gains to report? CRA says don’t file tax returns just yet – National
The 2025 tax season is well underway, but the Canada Revenue Agency doesn’t want Canadians who earned capital gains last…
Trump officials defend tariffs as market turmoil hits savings, retirements – National
Members of U.S. President Donald Trump’s administration are defending his growing trade war with Canada and the impact it’s having…
U.S. stock sell-offs get worse amid Trump’s economic policy impact – National
The U.S. stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs…
Trump says U.S. will target new tariffs on Canadian dairy, lumber in days – National
U.S. President Donald Trump said Friday he will soon bring in new tariffs on Canadian dairy and lumber that match…
White House hosts crypto leaders as Trump moves to deregulate industry – National
U.S. President Donald Trump wooed the cryptocurrency industry’s elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a…
Hudson’s Bay seeks creditor protection, plans restructuring amid pressures – National
By Tara Deschamps The Canadian Press Posted March 7, 2025 7:10 pm 1 min read Descrease article font size Increase…
Did you know you can claim all of these medical expenses on your taxes? – National
Tax season is here and while you’re filling out your return for the Canadian Revenue Agency (CRA), keep in mind…
Worried about layoffs and retirement? Steps you can take during a trade war – National
As tariffs rise and trade tensions escalate, many Canadians may be nervous about how their finances, job security and retirement…
‘Retaliatory pipelines’: Push to export crude away from U.S. intensifies amid tariffs
The push for Canada to send more of its oil and natural gas to markets outside of the United States…
Trump tariffs spur big losses for S&P, Dow Jones as market worries grow
U.S. and Canadian stocks tumbled Monday and wiped out out even more of their gains since U.S. President Donald Trump’s…
RRSP contribution deadline is on Monday. How much can you put in? – National
The deadline to contribute in a registered retirement savings plan is on Monday. Canadians have until March 3 to make…
What would it take for Canada to hit 2% defence spending NATO target? – National
For years, Canada has been under pressure from NATO allies to hit the military alliance’s target of spending at least…
Tax season 2025: What Canadians need to know before filing – National
Canada’s tax season is now officially open – and there a few key changes that could affect Canadian pocketbooks. Starting…
BMO’s first-quarter profit jumps as Scotiabank reports drop – National
Descrease article font size Increase article font size Canadian lender Bank of Montreal BMO.TO on Tuesday reported a jump in…
Trump says he wants Keystone XL Pipeline to be built
U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for…
Canadian North airline to be purchased by Exchange Income Corp.
Exchange Income Corp. has entered into an agreement to buy Canadian North for $205 million. The northern airline provides passenger…
OAS and CPP payments to roll out Wednesday. How much will seniors get? – National
Canadian seniors are set to receive the latest pension payments from the federal government this week. The February payments for…
U.S. stocks plunge as Trump tariff fears spread among businesses, consumers – National
U.S. stocks fell sharply Friday after reports showed that worries among consumers and businesses about President Donald Trump’s policies may…
Canadian Tire to sell Helly Hansen to U.S. clothing brand
By Tara Deschamps The Canadian Press Posted February 19, 2025 10:03 am 1 min read Descrease article font size Increase…
Valentine’s chocolate gets pricier as cocoa costs skyrocket – National
St. Valentine chocolates always seek to show how deep your love is. This year, it might just also show how deep your…
Tariff threats are enough to chill Canada’s economy, central bank says – National
Canada doesn’t need to be hit by tariffs for the economy to be impacted — the mere threat of a…
U.S. consumer prices rose faster than expected in January – National
Descrease article font size Increase article font size U.S. consumer prices rose faster than expected in January in a sign…
Should you speed up your car purchase as Trump imposes metal tariffs? – National
Amid U.S. President Donald Trump’s order to impose costly tariffs on steel and aluminum, some automotive experts are advising Canadians…
TD Bank to exit US$15.4B stake of Charles Schwab as new CEO begins overhaul – National
Descrease article font size Increase article font size Toronto-Dominion Bank announced on Monday it will exit from the 10.1% stake…
Restaurants Canada wants the tax ‘holiday’ made permanent as end nears – National
The national association representing Canada’s restaurants wants Ottawa’s GST/HST “holiday” made permanent amid early signs it’s helped some cash-strapped Canadians…
Carney, Freeland want to diversify trade beyond U.S. amid tariff threats – National
Liberal leadership contenders Mark Carney and Chrystia Freeland want Canada to look beyond the United States to bolster its roster…
What are Canadians spending per date? Survey suggests love ain’t cheap – National
How many times have you left a date with that special tingly feeling in your gut? The one that screams…
Fixed mortgage rates see some easing amid Trump tariff threats. Here’s why – National
Canada’s mortgage market is reacting to fears this week that United States President Donald Trump’s threatened tariffs could deliver a…
What is a trade war? A breakdown of tariffs and retaliation – National
As trade tensions rise between China and the United States, Canada is not out of the woods yet, leaving some…
Canada to divert aluminum to Europe in response to Trump tariffs – National
Descrease article font size Increase article font size The cost of aluminum for consumers in Europe buying on the physical market has…
Bank of Canada cuts key rate with ‘trade war storm’ on horizon – National
The Bank of Canada warned after delivering another interest rate cut on Wednesday that Canada’s economy would be “tested” if…
Trump says Canada can’t avoid Feb. 1 tariffs, floats 10% oil rate – National
U.S. President Donald Trump said there is nothing Canada can do “right now” to avoid new tariffs that will be…
Carney proposes alternative to ‘divisive’ carbon price. How would it work? – National
Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau’s consumer carbon pricing regime but will keep…
How much does it cost to hire a tax preparer near me?
How much does it cost to hire a tax preparer near me? When it comes to tax season, many individuals…
CRA expands automatic tax filing for 2025 season. Who is eligible? – National
More than two million Canadians will be able to file their taxes automatically this year. The Canada Revenue Agency (CRA)…
Ottawa pushes back proposed capital gains tax changes to 2026 – National
The federal government is delaying plans to raise the inclusion rate on capital gains, offering a degree of clarity on…
Coffee prices spike amid Trump tariff threats. Is your cup of joe at risk? – National
Surging prices for coffee on global markets are coinciding with a weak Canadian dollar, putting a “pinch” on cafés and…
Walmart Canada’s $6.5B spending plan includes Ontario, Alberta supercentres
Descrease article font size Increase article font size Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51…
Egg prices soar in U.S. What’s keeping Canada’s prices stable? – National
Egg prices in the United States continue to crack under pressure while in Canada they remain relatively stable — and…
Nova Scotia says it’s making the ‘biggest increase’ to its minimum wage ever
Descrease article font size Increase article font size The Nova Scotia government says it’s making the “biggest increase” to the…
Weak loonie, Trump tariff threats make ‘volatile situation’ for Metro: CEO
Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping…
California considers letting victims of natural disasters sue oil companies
Oil and gas companies would be liable for damages caused by climate change-related disasters in California under legislation introduced Monday…
Tariff uncertainty hangs over Bank of Canada’s 1st rate decision of 2025 – National
The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of…
Chinese AI startup DeepSeek sends shockwaves through Wall Street – National
Wall Street is tumbling Monday on fears that the market’s winners who have feasted on the artificial-intelligence frenzy are under…
What is a tariff? A guide to the hit on Canada if Trump pulls the trigger – National
United States President Donald Trump’s tariff threats are not going away. Before and after assuming office in his second term,…
Tide among household basics that could see price hikes due to U.S. tariffs – National
Descrease article font size Increase article font size U.S. consumer goods maker Procter & Gamble PG.N will again look to…
Trump’s tariff threats to China could hit Canadian wallets. Here’s why – National
U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts…
Inflation cooled to 1.8% in December as tax ‘holiday’ kicked off – National
Descrease article font size Increase article font size Inflation slowed further in December as Canadian consumers got a tax break…
Here are 4 ways your finances could change under Trump’s 2nd presidency – National
Canadians are watching their finances for any impacts as President Donald Trump takes back the reins of government in the…
TD Bank speeds up CEO replacement, slashes 41 executive salaries – National
Descrease article font size Increase article font size TD Bank Group said on Friday CEO-designate Raymond Chun would be appointed…
Poilievre pledges to reverse Liberals’ capital gains tax changes if elected – National
Conservative Leader Pierre Poilievre on Thursday promised to reverse the Liberal government’s controversial changes to capital gains taxes if he…
CRA simplifies sign-in process before 2025 tax season – National
Descrease article font size Increase article font size As the 2025 tax season approaches, the Canada Revenue Agency has refreshed…
How high will home prices get in 2025? Depends where you live – National
Some Canadian real estate watchers are expecting borrowing costs to hit their floor at the same time sellers flood the…
Half of Canadians $200 or less away from not being able to pay bills: poll – National
The Bank of Canada’s rapid interest rate cuts have seemingly not helped Canadians feel much better about their financial pictures…
1st carbon rebates of 2025 set to roll out. What Canadians can expect – National
Millions of Canadians will receive the year’s first carbon rebates from the federal government this week. January payments of the…
Loblaw apologizes after underweighted meat sold in Western Canada stores – National
Loblaw is apologizing after the grocer confirmed some meat products sold in stores across Western Canada were underweighted compared with…
Ottawa must axe capital gains changes amid uncertainty: Canadian chamber – National
The Canadian Chamber of Commerce is calling on the federal government to restore clarity to the upcoming tax filing season…
Canada’s unemployment rate ticked down to 6.7% to end 2024 – National
Descrease article font size Increase article font size A jump in new jobs helped bring the Canadian unemployment rate down…
Canada Workers Benefit goes out Friday. How much will you get? – National
Some eligible working Canadians are set to receive advanced payments of workers benefits from the federal government this week. The…
How to steer your finances around a weak loonie — or even get ahead – National
The loonie is struggling, putting a premium on anything Canadians buy that comes with a price tag in U.S. dollars.…
How Trump’s tariff threats might impact the U.S. Fed’s interest rates – National
Descrease article font size Increase article font size A top policymaker at the U.S. Federal Reserve said Wednesday that he…
Here’s how capital gains tax changes will work after Parliament prorogued – National
The federal government has provided some clarity on how proposed changes to capital gains taxes will work after Prime Minister…
Prorogation throws capital gains tax changes in limbo – National
Justin Trudeau’s decision to step down and prorogue Parliament will keep his government from implementing its proposed changes to capital…
What Trudeau’s exit means for the struggling loonie — and Canada’s economy – National
News of Prime Minister Justin Trudeau’s impending resignation helped push the Canadian dollar higher on Monday morning in a move…
Canadian stock market set to grow in 2025 amid lingering volatility: experts – National
The Canadian equity market will continue building on its strength from 2024 despite lingering political uncertainties, experts forecast. But investors…
Latest GST/HST credit payments to roll out. How much could Canadians get? – National
The first benefits of the new year will go out Friday, with eligible Canadians receiving goods and services tax (GST)…
Here’s how much Canada’s highest-paid CEOs earned in 2023 – National
Canada’s 100 highest-paid CEOs earned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the…
Will it be easier or harder for Canadians to buy a home in 2025? – National
It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the…
Tax changes are coming in 2025. Here’s what Canadians need to know – National
As Canadians ring in the new year with cost of living top of mind, many would likely want to get ahead…
Heading into election year, cost of living still dominates voter priorities – National
Canadians preparing to head to the polls in the new year are likely to be voting with their wallets. Cost-of-living…
Weak loonie could have further to fall in 2025, economists warn – National
Experts say the next few months are going to be rough for the Canadian dollar as it appears set to…
National Bank gets final approval for Canadian Western Bank takeover
By Staff The Canadian Press Posted December 20, 2024 6:17 pm Updated December 20, 2024 6:22 pm 1 min read…
Bank of England holds key rate as it warns of ‘heightened uncertainty’ – National
The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further…
A 30-year mortgage with no rate hikes: Can the U.S. model work in Canada? – National
Imagine it: You buy a house, and the bank offers you a single rate of interest that will keep your…
Loonie falls further after U.S. Fed rate cut. Here’s what’s happening – National
The Canadian dollar’s slide continued Wednesday amid expectations for a slower pace of rate cuts from the U.S. Federal Reserve.…
Loonie drops below 70 cents US as inflation cools in November – National
The annual rate of inflation slowed to 1.9 per cent in November, Statistics Canada said Tuesday. The agency cited a…
Ottawa moving ahead on automatic tax filing. Here’s what to know – National
The federal government is moving forward with plans to make automatic tax filing more widely available to Canadians, including those…
Canadians more cautious about holiday spending despite tax break: poll – National
This holiday season, Canadians are being more cautious about their spending despite a tax break on a slew of items,…
Ottawa fiscal update mired in uncertainty amid tariff fears, Freeland exit – National
The Liberal government’s fall economic statement arrived in a cloud of controversy Monday after Chrystia Freeland’s abrupt resignation as the…
Insured mortgage cap hike a ‘game changer’ for some homebuyers – National
A barrier to entry in some of Canada’s most expensive housing markets just got lower thanks to new changes impacting…
Bank of Canada cuts rates by half a point but signals ‘more gradual’ pace – National
The Bank of Canada delivered a second consecutive interest rate cut of half a percentage point on Wednesday, but signalled…
Ex-TD Bank worker in U.S. charged with alleged money laundering to Colombia – National
A former TD Bank employee in the U.S. is facing criminal charges for allegedly using their position at the financial…
Quebec court approves $2.5M settlement in Dollarama eco fees class action
Descrease article font size Increase article font size The Superior Court of Quebec has approved a $2.5-million settlement in a…
Child benefit cheques delayed, but still coming, amid Canada Post strike – National
Parents expecting this month’s Canada Child Benefit (CCB) cheques will have to wait a little while longer because of the…
‘Stubborn’ fixed mortgage rates might not fall despite Bank of Canada cut – National
The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market,…
U.S. inflation ticks higher ahead of Fed’s interest rate decision – National
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in…
City of Vancouver to probe accepting or investing in Bitcoin
Vancouver city council has voted to explore ways to make the municipality a “Bitcoin-friendly city.” The motion approved Wednesday won’t…
Why fast food industry watchers expect big discounts in the first half of 2025 – National
It’s lunch time at the Eaton Centre mall in downtown Toronto and every corner of the food court is hungry…
Bank of Canada readies for a rate cut. Why the loonie is bracing for impact – National
With the Bank of Canada gearing up for its final interest rate decision of 2024, experts warn the flagging Canadian…
‘Tax holiday’ could become a ‘hot mess’ for businesses, CFIB warns – National
A temporary “tax holiday” could prove to be a “hot mess” for small businesses preparing to implement the new measure…
Dollarama buys land for Calgary warehouse, targets 2,200 stores in Canada by 2034
Dollarama Inc. is ramping up its expansion with a Calgary-area distribution centre and a lot more of the chain’s stores…
Cargill layoffs not expected to impact Canadian union jobs: UFCW
Cargill’s plans to slash thousands of jobs across its global workforce are not expected to impact front-line, unionized positions in…
Bitcoin tops $100K as Trump win sparks cryptocurrency’s surge – National
Bitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election…
Food prices in Canada likely to increase by 3 to 5% next year: report – National
Food prices in Canada are likely to increase by three to five per cent next year, according to a newly…
BMO changes rate cut call after surprise jump in Canada’s jobless rate – National
A surprise jump in the unemployment rate in November drove the loonie lower on Friday and raised odds among markets…
Chrystia Freeland promises a fall fiscal update as clock ticks down on 2024 – National
Descrease article font size Increase article font size Finance Minister Chrystia Freeland says she will deliver a fall economic statement…
CRA confirms the TFSA contribution limit for 2025 – National
Descrease article font size Increase article font size Canadian savers now know how much extra room they’ll get in their…
TD and BMO stumble while CIBC rises to cap big bank earnings season – National
TD Bank on Thursday warned of a challenging 2025 and suspended its medium-term earnings forecast as Canada’s second-biggest lender works…
Rate cut hopes could have ‘psychological’ impact on homebuyers in 2025 – National
Canadian real estate watchers are expecting home prices and housing activity to rise in 2025 after a “recovery year,” but…
Taylor Swift concert sponsorship helps RBC add 600K clients in Q4, CEO says – National
Royal Bank of Canada, the country’s biggest bank, beat quarterly profit expectations, helped by its acquisition of HSBC’s domestic business…
Food giant Cargill is slashing 5% of global workforce—around 8K jobs
Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global…
Scotiabank boosts Q4 profits with less money set aside for bad loans – National
Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead as it reported profits…
Canada Post strike: U.S. Postal Service says it won’t send mail north of border – National
By Staff The Canadian Press Posted December 2, 2024 8:16 am 1 min read Descrease article font size Increase article…
Ottawa’s pandemic small business loan program lacked checks and balances: AG – National
The small business loan program the federal government rolled out during the COVID-19 pandemic wasn’t managed with “due regard for…
Macy’s says a single employee hid up to US$154M in delivery expenses – National
Macy’s on Monday delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and…
Tax ‘holiday’ may spur economic growth, but ‘dark cloud’ hangs over future – National
The Bank of Canada will have to grapple with an underperforming economy, signs of a returning consumer and a “dark…
Trump tariff threats reveal Canada’s trade dependency on U.S.: experts – National
Canada failed to cultivate new trade corridors that could have helped to mitigate the potential impact of Donald Trump’s tariff…
‘Tax holiday’ bill up for House of Commons vote. What to expect – National
Members of Parliament are set to vote on a Liberal bill proposing a temporary “tax holiday” for Canadians that is…
Shortage of cattle behind recent jump in beef prices, industry says
If you’re a fan of Canadian beef, you’ve probably noticed that juicy steak on your plate has forced you to…
Bank of Canada official warns it would be ‘painful’ to see big price drops – National
Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it…
Loonie’s plunge just one consequence of Trump tariff threat on your wallet – National
The loonie is shaping up as an early casualty of U.S. president-elect Donald Trump’s latest trade threats against Canada, with…
How the Canada Post strike could affect your Black Friday shopping – National
A nationwide shutdown of Canada Post is set to have major implications for the biggest shopping weekend of the year,…
Montreal dockworkers, employer to start mediation after six-day work stoppage
By Staff The Canadian Press Posted November 25, 2024 11:10 am 1 min read Descrease article font size Increase article…
‘Step up’: Freeland urges provinces to follow Ottawa on tax ‘holiday’ – National
The federal government is calling on the provinces to “step up” and drop their sales taxes on certain items in…
Nations have agreed to $300B for climate funding. How will they pay for it? – National
The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to…
Why is inflation heating up at the grocery store again? Blame the loonie – National
A weak Canadian dollar is being blamed as a key culprit behind sticky inflation at the grocery store, a trend…
Rogers cuts a ‘few dozen’ audio jobs in tight advertising market – National
By Staff The Canadian Press Posted November 20, 2024 8:57 am 1 min read Descrease article font size Increase article…
‘GST holiday’ for all, $250 cheques for some: What Ottawa is promising – National
The federal government says Canadians will get a “GST holiday” on groceries this holiday season — while those making under…
Will the Liberals’ ‘tax holiday’ pay political dividends? What it signals – National
The Liberal government announced a suite of affordability measures Thursday that Ottawa says aims to put more money in Canadian…
Two Canadian food companies sued in U.S. over ‘potato cartel’ allegations – National
Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel”…
Metro marks end of ‘transition year’ with small profit dip
Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion…
Walmart’s promise of low prices lured shoppers in 3rd quarter – National
Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw…
Canadians will get child benefit cheques this week amid Canada Post strike – National
The latest child benefits are going out to Canadian parents this week amid a postal disruption as thousands of Canada…
Spirit Airlines files for bankruptcy amid financial woes – National
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to…
Class-action settlement over WestJet baggage fees now open for claims
By Staff The Canadian Press Posted November 17, 2024 10:31 am 1 min read Descrease article font size Increase article…
Canada Post, union gear up for renewed bargaining with special mediator – National
Canada Post and the union representing striking postal workers will head back to the bargaining table on Monday, this time…
Canada Post strike: What’s at stake for the Canadian economy? – National
The Canada Post strike is set to have the sharpest impact on small businesses and customers of the postal service,…
Carbon rebate for small businesses will be tax-free: Freeland – National
Descrease article font size Increase article font size Deputy Prime Minister and Finance Minister Chrystia Freeland says the Canada carbon…
Montreal port operations to resume Saturday after government orders end to lockout
By Staff The Canadian Press Posted November 15, 2024 3:11 pm 1 min read Descrease article font size Increase article…
T&T stores ‘outperform’ rest of Loblaw network amid growing population – National
Editor’s note: An earlier version of this story misattributed Per Bank’s nationality. He is Danish. Loblaw Co. Ltd. is benefitting…