Finance
U.S. inflation ticks back up as future path under Trump uncertain – National
Inflation in the United States ticked up in October, driven by costlier rents, used cars and airfares, a sign that
4 Minute
Category: Finance
Finance
Housing affordability still strained despite improvements in 2024: report – National
Stalled home values, rising incomes and falling mortgage rates continue to deliver improvements in housing affordability in Canada, according to
4 Minute
Finance
Montreal dockworkers union to challenge binding arbitration order in court
By Staff The Canadian Press Posted November 13, 2024 10:32 am 1 min read Descrease article font size Increase article
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Finance
Ottawa orders end to B.C., Montreal port shutdowns with binding arbitration
The federal labour minister ordered an end to work stoppages at Canada’s largest ports in British Columbia and Quebec on
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Finance
First B.C., now Montreal: What a pair of port shutdowns means for Canada
Locked-out workers at ports in British Columbia were joined on the picket lines by their peers in Montreal on Sunday
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Finance
How Canadian consumers can spot counterfeit $2 coins
There are several ways Canadian consumers can spot fake toonies circulating across the country, coin experts say. The coins’ appearance,
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Finance
Bank of Canada official warns about dangers of ‘tinkering’ with mortgage rules – National
The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of
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Finance
What Trump’s election could mean for Canadian rates and the loonie – National
Experts say Donald Trump’s election victory could shift interest rate policy in the U.S. as his promised policies risk higher
4 Minute
Finance
Labour force participation rate hits 27-year low, outside the pandemic – National
Most employed Canadians are happy in their roles, Statistics Canada’s October employment survey showed, even as a growing number give
4 Minute
Finance
Amid Trump trade worries, China tariffs give Canada ‘firm’ ground: Freeland – National
Chrystia Freeland says that a unified stance towards China will give Canada a “firm foundation” in upcoming trade negotiations with
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Finance
TikTok’s closure in Canada raises worries for creators’ revenue, support – National
By Staff The Canadian Press Posted November 8, 2024 10:37 am 1 min read Descrease article font size Increase article
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Finance
Ex-TD Bank anti-money laundering employee in U.S. faces criminal charge – National
A former American TD Bank employee who worked in the bank’s heavily scrutinized anti-money laundering department in the U.S. has
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Finance
U.S. Fed rate cut coming as economy gears up for 2nd Trump term – National
Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a
5 Minute
Finance
Markets shoot higher after Trump win. Investors ask, can it last? – National
Stock markets were broadly rising higher Wednesday amid certainty over Donald Trump’s victory in the United States’ presidential election, though
6 Minute
Finance
Trump win sends bitcoin price to record highs in crypto boom – National
The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the
3 Minute
Finance
Bank of Canada worried jumbo rate cut would send sign of ‘economic trouble’ – National
The Bank of Canada’s top decision makers worried the central bank’s oversized interest rate cut in October could send a
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Finance
With inflation cooling and wages growing, why are Canadians still feeling strained? – National
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the
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Finance
‘I’m pissed’: Alberta premier, oil and gas industry slam Ottawa’s new emissions cap
Alberta Premier Danielle Smith did not mince words over Ottawa’s new greenhouse gas emissions cap announced Monday. “I’m pissed —
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Finance
BCE making major inroads into U.S. fibre networks with $5B acquisition – National
Descrease article font size Increase article font size Canadian telecom firm BCE said on Monday it would buy internet services
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Finance
Puppers Drug Mart? Why some argue pharmacies should hand out pet meds – National
Don’t be surprised if you’re stuck behind a chocolate lab, a Scottish fold and a guinea pig when you’re picking
8 Minute
Finance
Canadians split on handing out Halloween candy this year: poll – National
By Rianna Lim The Canadian Press Posted October 30, 2024 7:29 am Updated October 30, 2024 12:14 pm 1 min
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Finance
Air Canada sees more profit coming from international demand, cheaper jet fuel – National
Descrease article font size Increase article font size Air Canada raised its annual core profit forecast on Friday, as the
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Finance
Shopping for mortgage rates? Keep an eye on the U.S. election – National
Despite an oversized interest rate cut from the Bank of Canada last week, experts who spoke to Global News say
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Finance
Canada’s economy stalled in August amid rail shutdown: StatCan – National
The Canadian economy posted flat growth in August, Statistics Canada said Thursday, but there were signs of a rebound stirring
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Finance
Bare trust tax filing rules are getting another exemption, CRA says – National
Descrease article font size Increase article font size The Canada Revenue Agency is getting out ahead of the confusion stoked
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Finance
Homeownership, pension plans playing big role in Canada’s wealth gap – National
Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it
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Finance
As homeownership plummets, young Canadians are moving in with family: poll – National
Descrease article font size Increase article font size Young Canadians are holding fast to the dream of buying a home,
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Finance
Increased old age security pensions set to roll out. How much? – National
Canadian seniors are set to receive a scheduled top-up in benefits as the Liberal government faces pressure to increase payments
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Finance
McDonald’s shares slide in wake of fatal E. coli outbreak. What to know – National
McDonald’s scrambled on Wednesday to contain the damage from an E. coli outbreak linked to Quarter Pounder burgers that has
5 Minute
Finance
Breaking a mortgage can be costly as rates fall. How to lessen the penalty – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing
8 Minute
Finance
After Bank of Canada’s oversized cut, is lower and faster the new pace? – National
The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on
8 Minute
Finance
Newcomers can transfer foreign credit history in new Equifax program – National
Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada. The credit reporting
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Finance
Rogers Q3 earnings fall flat on weak subscriber additions – National
Descrease article font size Increase article font size Canada’s Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber
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Finance
Looking for a used car? Why supply is drying up, and what it’s doing to prices – National
Already low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to
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Finance
Trudeau ‘concerned’ about TD Bank’s actions in U.S. money laundering case – National
Prime Minister Justin Trudeau says the federal government is “concerned” about the actions of TD Bank’s U.S. subsidiaries that led
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Finance
Bank of Canada would be ‘justified’ cutting rates by half a point. Here’s why – National
After proceeding at a tentative, 25-basis-point cut pace in the first three interest rate cuts of its cycle, many economists
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Finance
Deficit likely surpassed Liberal pledge for $40B cap this past year: PBO – National
The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the
3 Minute
Finance
Netflix stock sees new peak amid high hopes for ‘Squid Game’ return – National
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the
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Finance
How to protect yourself from scams – National
NEW YORK (AP) — October isCybersecurityAwareness Month, which means it’s the perfect time to learn how to protect yourself from
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Finance
‘Big battleground’ of holiday shopping looms. How to trim your expenses – National
‘Tis the season to be flexible and budget-conscious. The weather might be cooling but Canadians still feeling the heat from
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Finance
ما هي الأصول التي يمكن تداولها من خلال تداول العقود مقابل الفروقات؟
ما هي الأصول التي يمكن تداولها من خلال العقود مقابل الفروقات هي عقود مشتقة ولا تمنحك ملكية مباشرة للأصل الأساسي.
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Finance
$5.5M for Jasper tourism recovery pledged by federal, provincial governments
Descrease article font size Increase article font size The Alberta and federal governments are putting a combined $5.5 million toward
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Finance
Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns – National
Ottawa’s proposed mortgage changes may well give first-time homebuyers a near-term boost in affordability, but could also stoke vulnerabilities in
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Finance
U.S. says accused SEC hacker caused bitcoin prices to spike over US$1K – National
Descrease article font size Increase article font size An Alabama man was arrested Thursday for his alleged role in the
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Finance
Latest Canada Child Benefit payments roll out this week. How much? – National
Descrease article font size Increase article font size Canadian parents are set to receive the latest child benefits from the
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Finance
CRA says 330 employees fired for inappropriately claiming CERB – National
Descrease article font size Increase article font size More than 300 employees of the Canada Revenue Agency have been terminated
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Finance
Stagnant housing market prompts CREA to trim 2024 outlook – National
The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the
3 Minute
Finance
Porter Airlines’ ascent: Can the comfort carrier last in Canadian skies?
Porter Airlines has perhaps the loftiest goals in Canadian skies: compete with the sector’s established players, not solely by trying
8 Minute
Finance
As Canada’s fertility rate tanks, is it time to reform parental leave? – National
Vancouver mom Chelsea Heney waited until the age of 40 to have her first baby last November. While wanting to
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Finance
Jobless rate drops to 6.5% in September. What that means for rate cut hopes – National
The Canadian economy added some 47,000 jobs in September, enough to lower the unemployment rate for the first time since
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Finance
TD Bank fined US$3B, faces U.S. asset cap in money laundering plea deal
TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing
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Finance
Canada’s condo supply is surging — and it’s not just in Toronto
Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets
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Finance
Cooking up a Thanksgiving feast? Here’s where turkey prices stand – National
At this year’s Thanksgiving, Canadians will find a “significant” supply of whole turkeys and at “really good prices,” farmers say.
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Finance
Canadians lost purchasing power since 2022 from inflation, interest rates: PBO – National
A new report from the Parliamentary Budget Officer says inflation and higher interest rates have eroded Canadians’ purchasing power since
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Finance
Inflation may have cooled, but private-label brands ‘having their moment’ – National
Over the past few years, consumers have been buying more private-label products at the grocery store to save money —
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Finance
As car theft decelerates, insurance claims are down in Canada – National
With vehicle thefts gradually decelerating in Canada, insurance claims and costs are also on the decline. New data by the
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Finance
Competition Bureau flexes new powers to get Air Canada, WestJet docs – National
Descrease article font size Increase article font size The Competition Bureau is using new powers granted by the federal government
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Finance
‘Remarkable deals’ spotted on airfare over Thanksgiving weekend – National
Despite some airlines collapsing or consolidating, Canadians air passengers can expect more seats and even some deals heading into the
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Finance
Airlines lose bid to skirt some of Canada’s air passenger rights rules – National
Airlines must compensate travellers for international flight disruptions based on the Canadian Transportation Agency’s rules, the Supreme Court of Canada
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Finance
Platinum rush? Costco is selling a new precious metal in the U.S. – National
Descrease article font size Increase article font size After strong consumer interest in its gold bars, Costco is polishing plans
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Finance
Can T-Swift stop a T-cession? What’s next for Toronto’s flagging economy
Warning lights are flashing in Canada’s “economic engine,” and experts say even a stop from pop music’s biggest superstar Taylor
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Finance
Canadians will soon receive GST/HST credit payments. How much? – National
Canadians are set to receive goods and services tax or harmonized sales tax credits this week from the federal government
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Finance
MPs will vote on capital gains tax changes in confidence measure – National
By Laura Osman The Canadian Press Posted October 2, 2024 7:33 am 1 min read Descrease article font size Increase
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Finance
Small businesses will get 5 years’ worth of carbon price rebates in December – National
By Nojoud Al Mallees The Canadian Press Posted October 1, 2024 2:34 pm 1 min read Descrease article font size
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Finance
Indigenous-related capital markets activity set to grow ‘significantly’: report – National
Descrease article font size Increase article font size Canada is poised to see significant growth in Indigenous-related project financing, international
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Finance
Cineplex slapped with record $38.9M fine over online booking fee
Cineplex Inc. says it will appeal a record $38.9 million fine for deceptive marketing practices imposed by the Competition Tribunal.
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Finance
National Bank clears big hurdle in bid to buy Canadian Western Bank
Descrease article font size Increase article font size National Bank of Canada has cleared a key regulatory hurdle in its
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Finance
Homeowners won’t face mortgage stress test if renewing with new lender: OSFI – National
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping
3 Minute
Finance
Rising coffee prices are putting a fresh grind on your local café – National
Ottawa’s Han Langenbahn has a daily ritual of checking the weather forecast in Brazil. The master roaster at Happy Goat
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Finance
Is the CRA doing a good enough job? The agency wants to hear from you – National
Descrease article font size Increase article font size The Canada Revenue Agency wants to hear from Canadian taxpayers on how
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Finance
Lower home prices and mortgage rates improved August affordability: report
Easing home prices and drops in interest rates helped to reduce the income needed to buy a home in most
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Finance
Home reno spending was up $300B over pandemic, Re/Max Canada says
A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices
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Finance
The Bank of Canada is ‘scaling down’ plans for a possible digital loonie – National
Descrease article font size Increase article font size The Bank of Canada doesn’t see a “compelling case” to move forward
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Finance
Mortgage changes will give ‘extra incentive’ to build homes faster: Freeland – National
The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix
4 Minute
Finance
Big banks dominate in Canada as challengers look to make inroads – National
It’s not easy going up against Canada’s banking oligopoly, but some are trying. Challengers like EQ Bank and Wealthsimple are rolling out
6 Minute
Finance
Despite good economic news, experts warn the pain’s not over yet – National
Inflation is back at the coveted two per cent annual rate. Wage hikes have outpaced inflation for 19 months in
8 Minute
Finance
‘Exceptional’ mortgage rates spotted in Canada after U.S. Fed rate cut – National
The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is having ripple effects north of the border, with experts
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Finance
Here’s why economists expect ‘good news’ from the August inflation report – National
The Bank of Canada is set to get a fresh look at inflation figures this week as some economists expect
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Finance
Tupperware files for bankruptcy as demand slumps for its containers – National
Descrease article font size Increase article font size Tupperware Brands TUP.N filed for Chapter 11 bankruptcy protection late on Tuesday,
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Finance
‘Still work to do’ on inflation even after hitting 2%: Bank of Canada official – National
Hitting the bull’s-eye on the two per cent inflation target in August was “good news” for the Bank of Canada,
3 Minute
Finance
Tito Jackson dead: Jackson 5 member dies at 70 – National
Tito Jackson, one of the brothers who made up the beloved pop group the Jackson 5, has died at age
4 Minute
Finance
Inflation cools sharply to 2% in August, hitting Bank of Canada’s target – National
Annual inflation cooled sharply to two per cent in August, according to Statistics Canada, marking a major milestone in the
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Finance
Despite rate cuts, home sales stuck in ‘holding pattern’ over summer: CREA – National
A summer start to interest rate cuts from the Bank of Canada failed to breathe new life into the Canadian
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Finance
Ottawa to expand 30-year amortizations, raise insured mortgage cap – National
Descrease article font size Increase article font size The Liberal government on Monday announced proposed changes to the Canadian mortgage
2 Minute
Finance
Where should you put your money now that interest rates are falling? – National
Three interest rate cuts in, the Bank of Canada is now firmly entrenched in an easing cycle that has major
6 Minute
Finance
Bargain-hunting consumers drive Dollarama past profit estimates in Q2 – National
Descrease article font size Increase article font size Dollarama beat second-quarter profit estimates on Wednesday, helped by lower costs and
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Finance
TD Bank ordered to pay nearly US$28M over reporting false credit info – National
Descrease article font size Increase article font size TD Bank was ordered by a U.S. regulator on Wednesday to pay
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Finance
Grocery habits may be returning to normal after inflation surge: Empire CEO – National
The head of one of Canada’s largest grocery chains says he’s seeing the early signs of consumer behaviour normalizing after
5 Minute
Finance
After ousting former CFO, RBC makes interim finance chief permanent – National
Get weekly money news Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every
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Finance
Calgary hail storm the 2nd-costliest disaster in Canadian history after $2.8B in damage
The Insurance Bureau of Canada says a severe hail storm that battered Calgary last month is the second-costliest event in
3 Minute
Finance
U.S. inflation cools further in August, clearing path for rate cuts to begin – National
U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from
3 Minute
Finance
Rent increases in smaller Canadian markets outweigh declines in big cities in August: report
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long
3 Minute
Finance
Is a university degree worth it? Data shows it pays off — but less than before – National
Going back for more studies after high school is still proving a path to better earnings for students in the
3 Minute
Finance
Fall housing market could be ripe for 1st-time buyers. Here’s why
Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but
7 Minute
Finance
Canada’s unemployment rate hits 7-year high in August – National
Canada’s unemployment rate ticked higher again in August as the labour market continues to cool. Statistics Canada said Friday that
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Finance
Kids are feeling the pinch of Canada’s cost of living crunch, poll finds – National
Canadian families are still strapped for cash even as inflation cools and interest rates start to trend lower, new polling
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Finance
Fires and floods: 4 disasters across Canada led to record number of insurance claims in 2024
By Staff The Canadian Press Posted September 4, 2024 3:50 pm Updated September 4, 2024 9:38 pm 1 min read
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Finance
Bank of Canada cuts key interest rate to 4.25% – National
Descrease article font size Increase article font size The Bank of Canada delivered its third consecutive interest rate cut on
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Finance
The Bank of Canada is expected to cut rates again, with U.S. Fed on deck – National
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces
7 Minute
Finance
‘The hangover of inflation’: What’s behind all the recent labour disputes? – National
Even as the trains start to chug again along Canadian railways, there are fears of another labour dispute among pilots
6 Minute
Finance
Long weekend gas prices: What to expect at the pumps after summer dip – National
Canadians filling up their tanks ahead of the long weekend can expect to see reduced gas prices — a trend
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Finance
CIBC’s Q3 profit rose as it set aside less money for bad loans – National
By Staff The Canadian Press Posted August 29, 2024 7:30 am 1 min read Descrease article font size Increase article
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Finance
Nvidia stock slips even after earnings beat Wall Street estimates – National
Descrease article font size Increase article font size Nvidia may have exceeded Wall Street estimates as its profit jumped —
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Finance
Scotiabank topped profit estimates last quarter while BMO missed. Here’s why – National
Canada’s Bank of Montreal on Tuesday reported quarterly profit below analysts’ estimates, its sixth miss in a row, hurt by
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Finance
Air Canada offers flexible rebooking ahead of possible pilot strike – National
By Staff The Canadian Press Posted August 27, 2024 12:43 pm 1 min read Descrease article font size Increase article
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Finance
Missed credit payments higher among younger Canadians: report – National
An Equifax Canada report says missed credit payments were higher among younger Canadians in the second quarter due to living
4 Minute
Finance
Air Canada pilots, ‘resolved and unified,’ vote for strike. What comes next? – National
Air Canada pilots have voted in favour of a strike if the airline can’t reach a deal with the union,
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Finance
Why you might see Air Canada pilots on picket lines ahead of a possible strike
Air Canada pilots will be taking to the picket lines next week in advance of a possible work stoppage. The
3 Minute
Finance
EI benefit claims are up for working-age men and women: StatCan – National
A growing number of men and women in Canada’s working-age population are getting unemployment benefits, recent data shows. Statistics Canada
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Finance
Rail shutdown could ‘jeopardize’ some inflation progress: economists – National
As questions swirl around how long Canadian rail lines might stay dormant, some economists argue that the Bank of Canada
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Finance
Quebec, Ontario billionaires join bidding for Via HFR electric train deal
Montreal billionaire André Desmarais has joined one of the consortiums angling to build and jointly operate the federal government’s new
5 Minute
Finance
TD Bank posts $181M loss amid anti-money laundering probe charge – National
TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge
3 Minute
Finance
Inflation decelerates in July as car prices shift into reverse – National
The annual rate of inflation cooled to 2.5 per cent in July, Statistics Canada said Tuesday, the slowest pace for
5 Minute
Finance
Homebuying outranks wedding planning for Canadian youth, RBC survey says – National
Canadian youth are prioritizing their efforts to break into the housing market over other traditional markers of adulthood like getting
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Finance
From ‘gradual’ to a cut every meeting: Why are interest rate bets changing? – National
The latest inflation data from July sealed bets from economists that the Bank of Canada is set for its third
6 Minute
Finance
Child benefits are rolling out to Canadians. How much will parents get? – National
The latest child benefits are going out to Canadian parents on Tuesday after a routine increase in monthly payments last
3 Minute
Finance
Youth flaunt ‘underconsumption core’ on social media. What’s this new trend? – National
Young people on social media are showing off their 12-year-old water bottles, sweaters from high school with patched holes and
5 Minute
Finance
Inflation data coming amid rate cut bets. Here’s what to know – National
Many economists are expecting that July inflation data coming this week won’t dissuade the Bank of Canada from another interest
4 Minute
Finance
Back-to-school shopping stressing you out? How to avoid breaking the bank – National
With the new school year starting in a few weeks, Canadian parents are feeling “stressed out” about shopping for their
5 Minute
Finance
Should Canada ditch the mortgage stress test? What experts are saying
Despite recent interest rate cuts, the Canadian real estate market remained slow this summer. This has prompted some in the
4 Minute
Finance
Broke and broken: Canada’s public transit in critical funding state, report says
A new analysis warns that Canada’s major cities are struggling to keep their transit systems running, and says public transit
6 Minute
Finance
Pharmacy sales helped boost Metro earnings in Q3, but profit fell – National
Descrease article font size Increase article font size Metro Inc. says it earned a third-quarter profit of $296.2 million, down
2 Minute
Finance
‘Spotty’ summer could be followed by ‘friendlier’ fall for homebuyers – National
The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the
7 Minute
Finance
U.S. inflation slows to 3-year low. Can the Fed cut rates now? – National
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price
6 Minute
Finance
Mortgage payments holding up, but other debt arrears rising: StatCan – National
Canadians are managing to keep up with their mortgage payments in the face of higher interest rates, but a new
5 Minute
Finance
‘Me-cession’: If the economy’s not tanking, why does it feel like it is?
Many Canadians today are feeling the pinch and reining in their spending, waiting out harsh economic winds in a pattern
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Finance
Starbucks spices up exec mix, hiring Chipotle head as new CEO – National
Descrease article font size Increase article font size Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO
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Finance
Scotiabank eyes U.S. expansion with regional lender stake worth billions – National
Descrease article font size Increase article font size Scotiabank has bought a minority stake in U.S. regional lender KeyCorp in
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Finance
RBC’s former CFO is suing the bank for nearly $50M. Here’s why – National
The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims
3 Minute
Finance
Air Canada says it’s still not back to pre-pandemic scale as profit sinks – National
Air Canada saw its profits fall by half even while its revenue rose in its latest quarter, as the country’s
5 Minute
Finance
July jobs report ‘does nothing to dissuade’ more rate cuts: economists – National
Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists
6 Minute
Finance
How AI is boosting Shopify’s quarterly results – National
Descrease article font size Increase article font size Shopify SHOP.TO beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools
2 Minute
Finance
Market volatility could drive some mortgage rates lower. Here’s why – National
Canadians gearing up for a run at the fall housing market and existing homeowners with a mortgage renewal looming might
7 Minute
Finance
Rent growth across Canada slowest in 2 years, report says – National
Rents are up nationally, but there is some good news for renters — the rate of growth is the slowest
3 Minute
Finance
Bank of Canada is now less concerned rate cuts will drive up home prices – National
The Bank of Canada is now less concerned about home prices spiking as it lowers its benchmark interest rate, minutes
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Finance
‘Not at all time to panic’: What Canadians should know amid market volatility – National
Canada’s major stock index rebounded somewhat from sharp losses Tuesday, catching up to other equity markets around the world in
7 Minute
Finance
China plans to raise retirement age. Could it happen in Canada? – National
China is the latest in a slew of countries planning to gradually raise the statutory retirement age as an aging
6 Minute
Finance
Liberal plan for 30-year mortgage amortizations kicks in. Here’s who qualifies – National
Some Canadians looking to break into the housing market are now able to get 30-year mortgages, a bid from the
7 Minute
Finance
Capital gains changes will bring in billions — but less than Ottawa expects: PBO – National
Contentious changes to how capital gains are taxed in Canada will bring in billions less in revenue for the government
7 Minute
Finance
Poll shows a third of Canadians use AI to manage finances. Should they? – National
Younger Canadians in particular are turning to artificial intelligence to shape their finances, a survey released this week shows. Experts
6 Minute
Finance
Boeing names new CEO as it posts more than US$1.4B loss in 2nd quarter – National
Boeing named a longtime aerospace industry veteran as its next chief executive, who will take over a company that has
4 Minute
Finance
The loonie is faltering. Here’s why the U.S. Fed might provide a lift – National
Canadians may have noticed the value of their dollar dwindling ever since the Bank of Canada’s latest interest rate cut
5 Minute
Finance
CRA says 2M Canadians invited for automatic tax filing pilot this year – National
Automatic tax filing services have opened up to thousands of more Canadians as part of a national pilot project. The
3 Minute
Finance
Canadian seniors are getting a top-up to old age benefits. How much? – National
Benefit payments for Canadian seniors are going up slightly in a scheduled increase as retirement is “becoming unaffordable” for many
4 Minute
Finance
‘A big green light to cut’: What to expect from the Bank of Canada this week – National
The Bank of Canada is set to deliver its next interest rate decision on Wednesday as many economists and market
6 Minute
Finance
‘Not good news’: Farmers stunned as BC Tree Fruits announces surprise closure
The logo has been well-known throughout British Columbia and even across Canada for decades: a green leaf emblazoned with the
4 Minute
Finance
Farmers’ markets, business groups feuding with Loblaws over disparaging text ad
By Staff The Canadian Press Posted July 27, 2024 2:45 pm 1 min read Descrease article font size Increase article
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Finance
Jasper wildfire could cost insurance industry an estimated $700M
The Jasper wildfire could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters
3 Minute
Finance
Provinces must do more to nix alcohol trade barriers: CFIB – National
Doing business across provincial lines is starting to get easier but progress is slow, says the Canadian Federation of Independent
3 Minute
Finance
How will the Bank of Canada rate cut affect your mortgage? – National
Canadians with mortgages and those gearing up for a run at the housing market have plenty of decisions to make
6 Minute
Finance
Loblaw boycott had ‘minor’ impact on sales, CEO Per Bank says – National
The boycott of Loblaw stores in May had only a “minor” financial impact on Canada’s largest grocers, according to the
3 Minute
Finance
Bank of Canada cuts key interest rate to 4.5% with hints of more to come – National
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday as the
7 Minute
Finance
B.C. legal tech firm Clio nets US$900M in historic funding round
Descrease article font size Increase article font size Legal tech company Clio said on Tuesday it had raised US$900 million
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Finance
New and used vehicle supply is surging. Here’s how prices are reacting – National
Used car prices in Canada are coming down from last year’s peaks thanks to a surge in inventory and buyers
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Finance
Air Canada cuts profit outlook amid fierce global competition – National
Descrease article font size Increase article font size Air Canada cut its full-year core profit forecast on Monday, as over-capacity in certain
2 Minute
Finance
Money under the mattress: Sleep Country Canada to be bought in $1.7B deal – National
Descrease article font size Increase article font size Insurance-focused conglomerate Fairfax Financial on Monday agreed to buy retailer Sleep Country
2 Minute
Finance
Wave of mortgage renewals drives owners to list homes, analysts say
With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in
4 Minute
Finance
Auto insurance premiums rising: Here’s what you can do to trim the bill – National
Canada’s auto theft problem might be showing signs of easing, but drivers are likely to continue feeling the pinch on
7 Minute
Finance
Group in charge of Google’s $100M for news outlets lays out its governance model – National
The group Google asked to distribute $100 million to news outlets in Canada has publicly released its governance model, which
5 Minute
Finance
Grocer code of conduct may help stabilize food prices: Kraft Heinz Canada head – National
A grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food
5 Minute
Finance
Increased child benefits go out Friday. Here’s what parents can expect – National
Canadian parents are set to receive a top-up in child benefits on Friday amid growing cost-of-living concerns. July payments of
3 Minute
Finance
Some Canadian grandparents supporting kids are risking their own retirement – National
Nearly one in three Canadian grandparents providing financial support to younger generations are possibly risking their own retirement, new polling
3 Minute
Finance
Bank of Canada rate-cut odds rise after June inflation release – National
Fresh inflation figures showing price pressures rebounded lower last month are boosting odds among economists and market watchers that the
7 Minute
Finance
Guns, prisons and Truth Social: Stocks on the rise after Trump shooting – National
While many across the United States and the world, including President Joe Biden, are urging Americans to lower the political
4 Minute
Finance
Upcoming June inflation data could open door to 2nd Bank of Canada rate cut – National
The Bank of Canada will get one final read of inflation figures this week before it has to make its
4 Minute
Finance
Canadian youth face the toughest summer job market in decades. Why? – National
A relatively slow cooling in the overall Canadian labour market combined with surging levels of unemployment among Canada’s youth is
6 Minute
Finance
WestJet mechanics ratify collective agreement following Canada Day strike
The union representing WestJet’s aircraft maintenance engineers announced Friday that members have ratified a collective bargaining agreement following strike action
4 Minute
Finance
Struggling with money? What you can do to tackle mounting debt – National
Canadians are struggling with debt, from credit card bills to mortgages and loans — recent studies from TransUnion Canada and
4 Minute
Finance
Forecast for home prices, sales scaled back after slow spring: CREA – National
Despite hope for lower interest rates in the months ahead, the Canadian Real Estate Association is scaling back expectations for
6 Minute
Finance
The results are in: June’s rate cut didn’t revive Canada’s housing market
Fresh home sales data has finally answered the question for real estate watchers: The Bank of Canada’s initial interest rate
6 Minute
Finance
Costco members in Canada will have to pay more starting this fall – National
Costco is increasing its annual membership fees in Canada and the United States this fall. The company made the announcement
2 Minute
Finance
Intuit to close Edmonton offices as company cuts jobs, invests in AI
TurboTax-parent company Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its
2 Minute
Finance
Canada’s average rents just saw their biggest drop in 3 years
Rent growth has stalled overall in recent months in Canada, with some of the country’s most expensive cities seeing annual
4 Minute
Finance
Prices are starting to fall at car dealerships. Is it time to buy? – National
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry
5 Minute
Finance
Renters under pressure: When will the fever break in the hot rental market? – National
Ask the average renter and they can tell you: Canadian rents have soared in recent years. The latest data from
8 Minute
Finance
Canadians are among the world’s most indebted. How they handle that debt varies – National
A new report from Desjardins shows Canadians are facing high levels of debt, leaving a majority facing a “fragile situation.”
3 Minute
Finance
Unemployment rate ticks up to 6.4% in June amid job losses: StatCan – National
The national unemployment rate rose to 6.4 per cent in June amid job losses in the month, Statistics Canada said
4 Minute
Finance
Online Harms Act regulators will cost about $200 million over five years: PBO – National
The parliamentary budget officer estimates that staffing up the new regulators in the Liberals’ Online Harms Act will cost around
3 Minute
Finance
Tim Hortons parent Restaurant Brands boosting presence in China – National
Restaurant Brands International says it’s spending up to $45 million on two deals intended to boost its presence in China
4 Minute
Finance
WestJet says to expect more disruptions despite strike’s end
Descrease article font size Increase article font size WestJet says that despite reaching a deal with its mechanics’ union to
2 Minute
Finance
More WestJet flight cancellations as strike hits tens of thousands of travellers
WestJet has cancelled more than 800 flights, upending plans for thousands of passengers as an unexpected strike by aircraft maintenance
6 Minute
Finance
WestJet cancels flights as surprise strike begins on long weekend
WestJet says it’s cancelled at least 150 flights beginning Saturday after the union maintaining the airline’s planes announced it went
3 Minute
Finance
Travelling soon? Why you should ‘expect less pain at the airports’ this summer
An averted strike at WestJet and fresh data showing punctual performances from major airports and airlines in Canada bode well
6 Minute
Finance
CRA says legal action coming to recover COVID benefit overpayments – National
This is a corrected story. A previous version had the incorrect total for how much money the CRA is trying
4 Minute
Finance
Flying WestJet over the long weekend? How a looming strike could affect you
5:40 p.m. ET: The looming strike could be averted as the federal government has intervened. A looming strike at WestJet
7 Minute
Finance
Amazon’s stock value has crossed US$2 trillion, driven by AI investments – National
Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock
3 Minute
Finance
Canadian mortgage renewals will weigh on economic growth: Deloitte – National
A new forecast from Deloitte Canada calls for the pace of interest rate cuts to pick up in 2025, but
5 Minute
Finance
Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says – National
Descrease article font size Increase article font size More Canadians are getting help from family to buy their first home
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Finance
Inflation ticks up to 2.9% in May as Canadians paid more for services – National
Descrease article font size Increase article font size Inflation accelerated in May as the costs of services and groceries ticked
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Finance
Capital gains changes have Canadians rushing to get ‘affairs in order’ – National
Canadians are scrambling to get their “affairs in order” as controversial changes to how capital gains are taxed are set
5 Minute
Finance
Inflation data coming with big implications for Bank of Canada. What to expect – National
The Bank of Canada will be scrutinizing May inflation figures this week as it gauges whether it can deliver back-to-back
3 Minute
Finance
Trying to time the housing market after the rate cut? What experts advise – National
This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing
9 Minute
Finance
‘It’s crickets’: How sellers are getting creative in a slow housing market
A flood of listings in many Canadian housing markets is giving buyers who can qualify their pick of the litter
7 Minute
Finance
Shopping for a better savings rate? Where to look and what to consider – National
An interest rate cut from the Bank of Canada earlier this month marked the first signal that borrowing costs are
8 Minute
Finance
Destination weddings: Are they cost-effective as travel becomes pricier? – National
Against the backdrop of the Caribbean Sea, Ontario couple Matt Lassaline and Kirsten Whiteley got married in Jamaica last month
6 Minute
Finance
WestJet mechanics serve airline with 72-hour strike notice
By Staff The Canadian Press Posted June 18, 2024 3:44 pm Updated June 18, 2024 8:22 pm 1 min read
2 Minute
Finance
May was ‘another sleepy month’ for homebuyers. Will a rate cut wake them up? – National
The Canadian Real Estate Association says that homebuyers were sleepwalking through the spring, but the first interest rate cut in
5 Minute
Finance
Elon Musk’s record US$44.9B pay package backed by Tesla shareholders – National
Tesla shareholders voted Thursday to restore CEO Elon Musk’s record US$44.9 billion pay package that was thrown out by a
7 Minute
Finance
Automatic tax filing could see Canadians get billions in unclaimed benefits: PBO – National
Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently
3 Minute
Finance
Household disposable incomes grew faster than debt in Q1, StatCan says – National
By Staff The Canadian Press Posted June 13, 2024 1:25 pm 1 min read Descrease article font size Increase article
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