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The latest CPP and OAS payments hit bank accounts Friday
Most older Canadians who qualify will see more money in their bank accounts as of Friday, when scheduled Canada Pension Plan (CPP) and Old Age Security (OAS) benefit payments start rolling out from...
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Trump says U.S. to continue buying Canadian potash — but wants cheaper price
U.S. President Donald Trump says his country will continue buying Canadian potash after all. Trump made the comments to reporters during a bilateral meeting at the United Nations General Assembly with...
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Alberta to pause provincial fuel tax until 2027
After months of calls to do so, the Alberta government announced Tuesday it will pause the provincial fuel tax on gasoline and diesel. The tax is 13 cents a litre on gasoline and diesel, the province...
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Warren Buffett, 96, steps down as Berkshire Hathaway chairman
Berkshire Hathaway said on Friday that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant...
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CRTC approves Corus Entertainment recapitalization plan
The Canadian Radio-television and Telecommunications Commission (CRTC) has approved the previously announced recapitalization transaction plan for Corus Entertainment (Corus). The deal was approved by...
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Stock markets taking heat amid high oil prices, bond market jitters
The U.S. stock market is slipping Tuesday as oil prices and the bond market crank up the pressure on Wall Street. The S&P 500 fell 0.4 per cent. The Dow Jones Industrial Average was down 506...
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AI stocks drop as tech companies call to slow down development for safety
Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly sent the bond...
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Enbridge makes US$2.55B acquisition of pipeline, storage systems in U.S. midwest
Descrease article font size Increase article font size Calgary-based Enbridge Inc. is further expanding its reach into the U.S. market with a US$2.55-billion deal to buy the crude oil business of...
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Mortgage renewals mean housing takes up 50% of many Canadians’ budgets
Almost half of all Canadians who renewed their mortgages this year have seen housing costs balloon to more than half their paycheque, a new survey by rate comparison website Rates.ca has found. Canada...
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Investors want ‘real proof’ AI spending is paying off, new report suggests
Many technology companies have been spending heavily on AI in recent years, but a new report from Fidelity suggests financial advisors are increasingly looking for evidence that those investments are...
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1 in 3 Canadians say they’d cut insurance to save money, TD survey says
Higher costs are taking a toll on Canadians, with many considering cutting back on or skipping insurance plans, a new survey from TD Bank released Tuesday shows. One-third of Canadians (33 per cent)...
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SpaceX stock sinks after first ever earnings revealed big AI spending plans
SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company. But investors remained concerned about how long its profitable Starlink business...
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Despite push for value meals, McDonald’s is seeing sales growth slow
Despite a heavy push for McValue meals to draw cost-conscious customers feeling squeezed by the affordability crunch, fast-food giant McDonald’s missed its sales growth expectations for the U.S....
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Fewer private sector workers have pensions. What does it mean for retirement?
The number of Canadians registered in a pension plan is going up, but the slight growth is led by public sector employers while those working in the private sector saw a small dip in access. In 2024,...
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Oil prices spike, global stock markets mixed as Iran war escalates
North American stock markets were drifting in mixed trading Wednesday, while oil prices climbed another three per cent as fighting continues in the war with Iran. On Wall Street, the S&P 500...
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Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
And then there was one. The second of the three diamond mines that have long anchored the Northwest Territories economy is closing after its owner, Australia-based Burgundy Diamond Mines Ltd., failed...
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Canadians face ‘lifestyle shrinkflation’ as paycheques pinched: MNP data
Canadians are adjusting how they live as financial commitments are catching up even before their paycheque arrives in their bank account, the MNP Consumer Debt Index shows on Monday. Sustained cost...
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Meta to build $13 billion data centre in Alberta, largest outside the U.S.
Calling it “one of the largest private sector investment in Canadian history,” Alberta Premier Danielle Smith and Meta’s vice-president of Data Centres, Gary Demasi, announced plans Wednesday for the...
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Mom-and-pop investors are outpacing big investors, StatCan data shows
During the last decade, small-scale landlords have far outpaced institutional investors in Canada’s rental market, data from Statistics Canada shows. In the United States, the role of Real Estate...
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Ottawa expands green home retrofit program for low-income Canadians
The federal government is bringing back a rebate for green retrofits for some low-income homeowners and renters in four provinces, nearly two years after the program lapsed and ran out of cash. The...
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