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 US$1.787 billion prize — the second-largest U.S. lottery jackpot in history — followed 41 consecutive drawings in which no one…
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 Friday that could clear the way for the cuts to interest rates that investors love. The S&P 500 rose 0.2…
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 data suggests businesses are being more cautious — and as labour productivity dropped the most since 2022 amid the U.S….
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 cash in hand, buying one may have seemed like a smart way to set themselves up for retirement. Three years…
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 in value on a day-to-day basis. With the addition of the uncertain trade war and tariff outlook that can have…
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 third rail in Canadian politics: is it time to reform the Old Age Security program? The founder of Generation Squeeze,…
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 customs revenues (or $21 billion) from this time last year — the U.S. budget deficit is still higher, according to Treasury Department data released Tuesday….
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 font size The winning numbers in Saturday’s Lotto 6/49 draw for an estimated $5 million: 15, 17, 21, 22, 38…
Stocks sink on Bay and Wall Streets, but loonie rises following new tariffs – National
The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and U.S. President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. The S&P…
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 change some financial priorities for businesses and consumers alike. This is because U.S. President Donald Trump’s tariff policies are starting…
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” outlook for United States trade policy, and saying that it may be “hard to restore” trust in our neighbors to…
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 this year — but a Conference Board of Canada report predicts those deficits will narrow in the coming years. The…
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 hold their current interest rates in place. On July 30, both the Bank of Canada and the United States…
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 amid the trade war, many economists doubt the central bank will cut rates on July 30. Most business owners are…
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 Donald Trump has pushed to make the U.S. the “ crypto capital of the world.” One of the bills, which…
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 lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry…
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 head of the Federal Reserve. Such a move could help Wall Street get lower interest rates, which it loves, but…
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 on long-sought policy wins for the industry this week. Bitcoin scaled a record high of US$123,153.22 before pulling back slightly…
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 Descrease article font size Increase article font size The Canadian Union of Public Employees says cabin crew at Porter Airlines have filed…
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 Descrease article font size Increase article font size Alberta and Ottawa have signed off on $203 million for new affordable…
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 high borrowing costs freeze out many other would-be homebuyers. Nearly 27 per cent of all homes sold in the first…
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 is urging the Canadian government to match and exceed those efforts, even as concerns mount. Coinbase Global Inc. is pushing…
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. According to a StatCan report, the number of Canadians who were active members of a registered pension plan (RPP) grew…
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 given to individuals who are self-employed or have a spouse or common-law partner who is self-employed. But the clock is…
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 housing affordability — with a few caveats — a new analysis finds. The Liberal government introduced legislation on June 5…
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 eighth consecutive month of year-over-year decreases. The monthly report from Rentals.ca and Urbanation said Monday asking rents held steady from…
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 a significant day for the governor of the Bank of Canada: he’s just laid out his reasons to the entire…
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 a bit more breathing room for their finances. But many experts believe the current rates for those who make regular…
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 hallmarks may come with rising costs. And with wedding season in full swing, couples tying the knot this summer might…
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, Defence Minister David McGuinty said Wednesday. “I’m not in a position to evaluate the numbers. We’re going to bring a…
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 stopped working, a new report by Royal LePage shows. A survey of 1,626 Canadians conducted by real estate firm Royal…
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, Canada Post said it was notified by the Canadian Union of Postal Workers (CUPW) that workers for both urban and…
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 notch to “AA1” from “AAA,” citing rising debt and interest “that are significantly higher than similarly rated sovereigns.” The rating…
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 finance minister said Wednesday, drawing criticism from opposition parties of Prime Minister Mark Carney’s priorities. Finance Minister François-Philippe Champagne said…
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 cautious about what it could mean for the Canadian economy and consumers. “Canada’s industries have been hard hit by this…
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. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on…
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 of his remaining tech fortune to the Gates Foundation, which is set to shutter in 2045, earlier than initially planned….
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 profits drop by billions of dollars by the end of the year, mainly citing tariffs on the auto industry imposed…
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, with a client base in the United States stretching back 35 years, is telling customers to expect to pay higher…
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, but experts say there are many challenges to imposing tariffs on production companies. What has Trump said about the film…
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 — and could rise 25 per cent with tariffs and inflation, a new survey suggests. The Leger survey for Turo…
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 by the Bank of Canada governing council in the lead-up to its interest rate hold earlier this month. The group also identified some…
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 will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid…
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 article font size McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners. The burger giant’s…
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 thud after a report suggested the U.S. economy may have shrunk at the start of the year. But the big losses…
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 report that sparked speculation the e-commerce giant would soon show the new import charges, and the White House’s fiery comments…
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 to submit. This tax year comes with new challenges, and experts say it is all the more crucial to file…
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 criticism of the Federal Reserve and his tough talk in his trade war. The S&P 500 climbed 1.7% and added to its big…
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 trade war and his attacks on the head of the Federal Reserve. The S&P 500 climbed 2.5%. The Dow Jones Industrial Average…
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 bank lower its key interest rate to boost the economy. Stock markets in the U.S. and Canada dropped as a…
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 Street in check. The S&P 500 edged up by just 0.1%, even though three of every four stocks climbed in…
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 their tax refunds to pay that down. In a recent poll by Toronto-based licensed insolvency trustee firm Remolino & Associates,…
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 read Descrease article font size Increase article font size In defiance of United States President Donald Trump’s predictions, U.S. egg…
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 of the financial markets that rarely gets headline: investors are dumping U.S. government bonds. Normally, investors rush into Treasurys at…
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 largely by tariff headlines out of the United States. “It’s been a topsy-turvy day, like every day,” said Allan Small,…
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 trade war continues to threaten the economy. The S&P 500 tumbled 3.5 per cent, slicing into Wednesday’s surge of 9.5…
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 Revenue Agency are still wondering if their information went through. A technical issue with the agency’s website continues and is…
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 he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would. The S&P 500…
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 some light on which party Canadians think would be best to manage the country’s resources — one of the pillars…
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 to economic volatility and a lot of red on markets. Within the past several months, and especially the last week,…
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’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession…
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 U.S. economy, Federal Reserve Chair Jerome Powell said Friday. Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than…
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 about the damage U.S. President Donald Trump’s newest set of tariffs could do to economies across continents, including his own….
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 all foreign trading partners — and some appear to have more penguins and polar bears than trade agreements with the…
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 the U.S. has been “looted” and “pillaged” by other nations and needs to respond. The list of countries and territories,…
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 but six of its stores on Monday. The Friday approval from Ontario Superior Court judge Peter Osborne allows the retailer…
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 article font size Days before he’s expected to call a federal election, Prime Minister Mark Carney is confirming he won’t…
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 Descrease article font size Increase article font size The Canadian Federation of Independent Business says small business confidence dropped to an all-time low in March as the trade war with the U.S. ramped up. The federation says its business barometer…
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 font size Ottawa is limiting the fees that banks can charge customers who don’t have enough in their accounts to…
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 rates twice this year, though it said the outlook is more uncertain. The Fed also now expects the economy to…
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 year to file their returns – just yet. The CRA said in a news release Tuesday that it’s still working…
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 on markets and retirement savings, claiming any short-term pain will eventually lead to long-term “prosperity.” The U.S. stock market was…
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 and other policies in order to get what he wants. Canadian markets also suffered Monday, with the TSX losing almost…
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 the “tremendously high” duties he says Canada charges for shipping those products to the U.S. The new tariffs could start…
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 government-owned stockpile of digital assets. Trump welcomed a wide range of industry players including Zach Witkoff, one of the founders…
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 article font size Canada’s oldest retailer, Hudson’s Bay, says it has filed for creditor protection and intends to restructure the…
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 that medical expenses — from fertility treatments to ambulance rides — are deductions that could help save you money. These…
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 plans could be affected by economic uncertainty. From potential layoffs to rising consumer prices and volatile markets, the impact of…
‘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 intensified Tuesday as U.S. President Donald Trump pressed ahead with a 10 per cent levy on energy imports. “This crisis…
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 election in November, after he said that tariffs announced earlier on Canada and Mexico would take effect within hours. The…
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 any RRSP contributions count towards deductions for the 2024 tax year. Any money set aside in an RRSP after that…
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 two per cent of GDP on defence — something experts say cannot be done with the flick of a switch….
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 Monday, Canadians can file their income tax and benefit returns online. “Considering all of the financial stress the Canadians are…
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 first-quarter profit driven by strength in its capital markets business. Adjusted earnings from BMO’s capital markets business jumped 45% to…
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 the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration. The pipeline…
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 and cargo service to 24 remote Canadian Arctic communities in Nunavut and the Northwest Territories through Ottawa and Edmonton, as…
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 the old age security (OAS) pension and the Canada Pension Plan (CPP) retirement pension will roll out to eligible Canadians…
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 be hitting the U.S. economy. The S&P 500 sank 1.7% for its worst day in two months. The Dow Jones…
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 article font size Canadian Tire says it has signed an almost $1.3-billion deal to sell Helly Hansen to a U.S. owner…
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 pockets are. With the price of cocoa beans setting unprecedented records on the commodities market, it will certainly turn the gift of love into a bigger financial commitment than it…
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 trade war is enough, the Bank of Canada has warned. The Bank of Canada on Wednesday released the summary of…
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 progress on inflation may remain stalled, data showed on Wednesday, as Federal Reserve Chair Jerome Powell heads to the U.S. Congress for…
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 in the market for a new or used vehicle to accelerate their timelines to get ahead of possible price hikes….
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 it has in financial services firm Charles Schwab, as part of a strategic review undertaken by the Canadian lender following…
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 dine out more often. The Liberal government’s two-month tax break is entering its final week on Friday. It began on…
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 out, “Hoo-boy, what a waste of money!” Well, new findings suggest you’re not alone in feeling the pinch when it…
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 sharp blow to the Canadian economy. Experts say that home buyers and owners with a mortgage up for renewal could…
Carney says Canada ‘must change’ major trade partners amid Trump threats – National
Liberal leadership contender Mark Carney wants Canada to look beyond the United States to bolster its roster of trade partners amid ongoing tariff threats from President Donald Trump. He also teased tax cuts for middle-class Canadians and accelerated plans to…
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 to wonder if a trade war is inevitable. On Monday, the U.S. and Canada agreed to pause tariffs for 30…
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 dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said. U.S….
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 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store…
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 imposed starting Saturday — including on oil — just hours before that deadline was set to kick in. Canada and…
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 industrial pricing in place. Carney said the country has become divided over the policy because Canadians have been fed “misinformation”…
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) said in a news release Thursday that it is opening up its SimpleFile by Phone service to more Canadians this…
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 the legislation stuck in limbo that was causing some confusion for the upcoming tax season. Finance Minister Dominic LeBlanc announced…
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 retailers that could end up hiking the cost of your cup of joe. Adam Pesce, president of Ontario-based Reunion Coffee…
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 minimum wage in the province’s history this year. Labour minister Nolan Young made the declaration in a news release Wednesday,…
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 even late-night TV is taking notice. On The Late Show with Stephen Colbert Tuesday night, the host couldn’t resist a…
Bank of Canada cuts key rate 0.25% but warns of tariff uncertainty – National
The Bank of Canada delivered a sixth consecutive interest rate cut on Wednesday but slowed the pace of its easing cycle. The central bank also warned that Canada’s economy would be “tested” if the United States delivers on a threat…
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 an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for…
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 by two Democratic lawmakers. The proposal claims that the oil industry intentionally deceived the public about the risks of fossil…
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 the year on Wednesday. On one hand, there are signs of trouble bubbling up in underlying inflation that could make…
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 threat from a competitor in China that can do similar things for much cheaper. The S&P 500 was down 1.6%…
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, Trump has threatened to levy blanket tariffs of 25 per cent on all goods entering the U.S. from Canada and…
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 hike prices on its household basics such as Tide detergent if President Donald Trump imposes new tariffs that increase the…
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 warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada. Since Trump’s re-election in…
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 from the federal government. Statistics Canada said Tuesday that the annual pace of inflation cooled to 1.8 per cent last…
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 United States. But one of the biggest economic threats of Trump’s second term — a pledge to impose blanket tariffs…
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 to the role on Feb. 1, months earlier than initially planned, and slashed the salary of 41 executives, including its…
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 takes power in the next federal election. He made the pledge in Vancouver, where he spoke about the need to…
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 its website to make it easier for Canadians to sign in to their online accounts. The CRA said in a…
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 spring market with listings, unleashing a flood of activity in many housing markets across Canada in early 2025. That could…
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 as MNP LTD reports a new low in its outlook on personal debt. The MNP Consumer Debt Index, a broad…
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 Canada Carbon Rebate will go out on Wednesday to Canadians in eight provinces: Alberta, Manitoba, New Brunswick, Newfoundland and Labrador,…
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 what was posted on the label, leading to some customers being overcharged. The grocer confirmed the discrepancies to Global News…
Bank of Canada rate cut in doubt after strong December jobs report – National
Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month. A jump in new jobs helped bring the Canadian…
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 by pre-emptively nixing its proposed changes to capital gains taxes. Those measures, which would see the taxable portion of capital…
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 Advanced Canada Workers Benefit (ACWB) will go out on Friday to individuals and families who earn a low income. 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. With the Canadian dollar languishing around 69.5 cents US — floating near four year lows compared to the American greenback…
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 still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump…
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 gains for now, but Canadians might not be off the hook with tax collectors just yet. The changes would raise…
Here’s how capital gains tax changes will work after Parliament prorogued – National
The federal government has provided clarity on how proposed changes to capital gains taxes will work after Prime Minister Justin Trudeau prorogued Parliament without passing legislation to put the new tax rules into law. But tax experts warn that until…
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 some experts say reflects higher confidence in Canada’s economy with new leadership on the way. The loonie, which had been…
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 should prepare for more volatility and be patient as the pace of gains is expected to be a bit slower….
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 Canadian Centre for Policy Alternatives. It was the third biggest year for CEO pay since the CCPA began tracking the…
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) or harmonized sales tax (HST) credits from the federal government. It’s the third quarterly payment of the 2023 base year…
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 country. But as the calendar turns over to 2025, some prospective buyers might find an opportunity through changes in mortgage…
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 on their finances for 2025. There are several changes coming into effect as early as Jan. 1 that could affect…
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 issues continue to dominate the list of priorities for Canadians, according to the findings of new Ipsos polling conducted exclusively…
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 continue its downward trend. “We do have more room to fall,” said Karl Schamotta, chief market strategist at Corpay. The…
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 Descrease article font size Increase article font size National Bank of Canada’s $5-billion takeover of Canadian Western Bank has cleared…
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 above target, even at a time when the British economy is flatlining at best. The Bank of England’s nine-member Monetary…
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 mortgage payments steady for the next 30 years. Pay it off early if you like, by the way: no big…
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, new polling shows. Nearly 40 per cent of Canadians said in an Ipsos poll conducted exclusively for Global News and…
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. The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but…
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 “broad-based” slowing in price hikes, particularly on travel tours and on mortgage costs, contributing to the cooling off. That’s down…
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 who are “middle class.” In the fall economic statement released on Monday, Ottawa announced several measures to make it easier…
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 minister of finance. The fall fiscal update will largely see the federal government look inward for growth opportunities 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 the country’s mortgage landscape. The ability to put less money down on an insured mortgage for a home worth more…
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 the pace of easing may slow as uncertainty builds in the Canadian economy. The central bank’s policy rate now stands…
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 institution to facilitate money laundering — the second time this year a former worker has been charged. The indictment announced…
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 class action targeting Dollarama Inc.’s use of eco fees. Environmental handling fees, sometimes called eco fees, are charged by retailers…
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 ongoing Canada Post strike. Under an agreement between Canada Post and the Canadian Union of Postal Workers (CUPW), some socio-economic…
‘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, experts warn. The central bank delivered a second consecutive half-point drop to its policy rate on Wednesday. After five straight…
City of Vancouver to probe investing in Bitcoin, accepting it as payment
Vancouver city council has voted to explore ways to make the municipality a “Bitcoin-friendly city.” The motion approved Wednesday won’t mean the city is investing or accepting payment in cryptocurrency any time soon, but will instead direct staff to look…
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 the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up…
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 dollar could well have further to fall if the central bank delivers the sizeable cut that markets expect. The Bank…
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 for customers. Bourbon St. Grill is trying to lure them in with a pair of beef or chicken Jamaican patties…
‘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 this week, according to the Canadian Federation of Independent Business. The Liberal legislation is set to go into effect on…
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 headed for Canada over the next decade. The retailer announced Wednesday that it had spent $46.7 million to buy land…
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 the Bank of Canada’s policy rate will still have sway over how quickly buyers come back. Royal LePage released its…
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 of Donald Trump rolls on. The milestone comes just hours after the President-elect signaled a lighter regulatory approach to the…
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 released report, but wild cards like climate change and Donald Trump could have unforeseen impacts. That’s the conclusion of the…
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 sometime this year as the clock ticks down on the remaining days in the House of Commons for 2024. Freeland,…
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 and some big banks for a second consecutive oversized interest rate cut from the Bank of Canada. Canadian employers collectively…
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 tax-free savings accounts (TFSA) in the year to come. The TFSA is a savings vehicle that allows Canadians to make…
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 through its anti-money laundering remediation program following a U.S. regulatory probe. Shares of TD, which faces an asset cap and…
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 and strength at its wealth management arm, sending shares to a record high on Wednesday. CEO Dave McKay told analysts…
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 Canada, according to the union representing the bulk of the food giant’s Canadian workers. Minnesota-based Cargill confirmed to Global News…
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 workforce as part of a major restructuring effort. Cargill is a major food processor, merchandiser and commodity trader with deep…
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 that were up from a year ago but below analyst expectations. The bank kicked off a week of bank earnings…
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 font size The U.S. Postal Service has temporarily suspended accepting mail headed to Canada due to the strike by Canada…
Ottawa’s pandemic small business loan program lacked checks and balances: AG – National
By Anja Karadeglija The Canadian Press Posted December 2, 2024 2:43 pm Updated December 2, 2024 2:51 pm 1 min read Descrease article font size Increase article font size The auditor general says the small business loan program the federal…
Canada failed to diversify trade ahead of Trump tariff threats: experts – National
Canada failed to cultivate new trade corridors that could have helped to mitigate the potential impact of Donald Trump’s tariff threats ahead of his return to the White House, experts tell Global News. The U.S. president-elect lobbed the first salvo…
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 cloud” hanging over the nation’s trade prospects as it gears up for its final interest rate decision of the year….
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 instead posted preliminary results in which its sales missed Wall Street expectations. A single employee “intentionally made erroneous accounting accrual…
‘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 expected to pass with the support from the New Democratic Party. The legislation, which was tabled on Wednesday, calls for…
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 dig deeper into your pocket to pay for these days. That’s because, according to industry insiders, the size of the…
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 would ultimately be more painful for Canadians. Mendes made the comments in a speech Tuesday in Charlottetown on the importance…
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, experts warn. Workers at the national postal service remain on strike for a second week, with the Crown corporation reporting…
Loonie’s plunge just one consequence of Trump tariff threat on your wallet – National
Descrease article font size Increase article font size The loonie is shaping up as an early casualty of U.S. president-elect Donald Trump’s latest trade threats against Canada, with knock-on impacts expected elsewhere in Canadian pocketbooks. The value of the Canadian…
‘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 line with Ottawa’s proposed two-month relief period. But Finance Minister Chrystia Freeland won’t confirm whether Ottawa will compensate the provinces…
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 font size Dockworkers at the Port of Montreal say they are set to begin mediation with employers after a six-day…
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 come from, especially for developing countries. Getting governments to put up more was the big focus at the UN climate…
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 one expert says he expects to persist heading into the holidays. While overall inflation has moderated in recent months, settling…
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” that’s accused of a years-long campaign of fixing prices on frozen products. The suits, which have yet to be certified,…
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 bank accounts, a move experts say is likely to boost Canada’s economy and could register with voters who are still…
‘GST holiday’ for all, $250 cheques for some: What Ottawa is promising
The federal government says Canadians will get a ‘GST holiday’ on groceries this holiday season, while those making under $150,000 annually will also be getting a cheque.
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 supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year. “This transformation…
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 font size Rogers Sports and Media has cut what it says are a “few dozen” jobs in its audio business….
Canadians will get child benefit cheques this week amid Canada Post strike – National
Editor’s note: This story has been updated after Canada Post informed Global News that staff at its retail locations had posted the wrong notice on their door regarding the benefits that will be delivered during the strike. The latest…
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 for shoppers seeking to cut spending where they could. The nation’s largest retailer raised its outlook for the year as…
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 recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline…
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 with a special mediator appointed by the federal government. Members of the Canadian Union of Postal Workers (CUPW) took 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 font size Some travellers who checked baggage on certain WestJet flights between 2014 and 2019 may now claim their share…
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, particularly those living in remote and rural communities, according to experts who spoke to Global News. A lengthy labour disruption…
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 font size Management at the Port of Montreal says operations are set to resume Saturday after being disrupted by a labour dispute….
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 rebate for small businesses will be tax-free. In a statement posted to X late Tuesday, Freeland clarified the parameters of…
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 from Canada’s rapid population growth, which in turn fuelling an expansion of multicultural products in its stores, the grocery giant’s…
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 price increases might be levelling off after having slowed in September to their lowest pace since 2021. Consumer prices rose…