Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says
Descrease article font size Increase article font size More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago,...
View ArticleCanadian mortgage renewals will weigh on economic growth: Deloitte
A new forecast from Deloitte Canada calls for the pace of interest rate cuts to pick up in 2025, but not enough for many Canadian homeowners to avoid feeling the pinch of upcoming mortgage renewals....
View ArticleAmazon’s stock value has crossed US$2 trillion, driven by AI investments
Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold. Shares in Amazon.com Inc. finished the day up...
View ArticleCRA says legal action coming to recover COVID benefit overpayments
The Canada Revenue Agency is ramping up efforts to recover overpayments of pandemic-related benefits. Starting in July, the agency said Thursday it will begin issuing legal warnings and could start to...
View ArticleFlying WestJet over the long weekend? How a looming strike could affect you
A looming strike at WestJet “couldn’t be worse timing” for hundreds of thousands of Canadians who booked a trip with the Calgary-based air carrier over the July long weekend, according to travel...
View ArticleTravelling 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 for travellers gearing up for summer getaways, analysts say. WestJet...
View ArticleWestJet cancels flights as surprise strike begins on long weekend
By David Boles The Canadian Press Posted June 29, 2024 8:03 am 2 min read Descrease article font size Increase article font size WestJet says it’s cancelled at least 150 flights beginning Saturday...
View ArticleFlight cancellations grow as WestJet mechanics hit picket lines
Calgary-based airline WestJet has cancelled more than 200 flights after the union representing its plane mechanics announced late Friday that members had hit the picket lines. The Aircraft Mechanics...
View ArticleClik here to view.
More flight cancellations over the long weekend due to strike: WestJet
By The Staff The Canadian Press Posted June 30, 2024 10:51 am Updated June 30, 2024 10:52 am 1 min read Descrease article font size Increase article font size A sudden strike by the WestJet mechanics...
View ArticleWestJet 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 end the strike that stranded tens of thousands of passengers over the...
View ArticleOnline Harms Act regulators will cost about $200 million over five years: PBO
The parliamentary budget officer estimates that staffing up the new regulators in the Liberals’ Online Harms Act will cost around $200 million over five years. The federal government wants to...
View ArticleUnemployment rate ticks up to 6.4% in June amid job losses: StatCan
The national jobless rate rose to 6.4 per cent in June as overall employment dipped in the month, Statistics Canada said Friday. Canadian employers collectively shed 1,400 jobs in the month, the...
View ArticleCanadians are among the world’s most indebted. How they handle that debt varies
A new report from Desjardins shows Canadians are facing high levels of debt, leaving a majority facing a “fragile situation.” The report, published Tuesday, showed that while household disposable...
View ArticleRenters under pressure: When will the fever break in the hot rental market?
Ask the average renter and they can tell you: Canadian rents have soared in recent years. The latest data from Rentals.ca and Urbanation shows the average asking rent for all property types in May...
View ArticlePrices are starting to fall at car dealerships. Is it time to buy?
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker...
View ArticleCanada’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 declines in asking rents while other rental markets continue to see prices...
View Article‘Economic scarring’: What’s at risk as youth unemployment soars
A relatively slow cooling in the overall Canadian labour market combined with surging levels of unemployment among Canada’s youth is a trend that experts say could leave the country’s youngest workers...
View ArticleIntuit to close Edmonton offices as company cuts jobs, invests in AI
Descrease article font size Increase article font size TurboTax-parent company Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its workforce, as it looks to focus...
View ArticleThe 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 cut in June did not open the floodgates to buyers, many of whom remain...
View ArticleCostco members in Canada will have to pay more starting this fall
Costco is increasing its annual membership fees in Canada and the United States this fall. The company made the announcement on Wednesday as it reported its sales results for June. Costco says that...
View Article