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Why is inflation heating up at the grocery store again? Blame the loonie
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...
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Nations have agreed to $300B for climate funding. How will they pay for it?
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...
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Macy’s says a single employee hid up to US$154M in delivery expenses
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...
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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...
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‘Step up’: Freeland urges provinces to follow Ottawa on tax ‘holiday’
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...
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Loonie’s plunge just one consequence of Trump tariff threat on your wallet
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...
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How the Canada Post strike could affect your Black Friday shopping
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...
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Bank of Canada official warns it would be ‘painful’ to see big price drops
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...
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‘Tax holiday’ bill expected to pass in House of Commons
Legislation to create a two-month-long GST holiday is expected to pass on Thursday. The bill was introduced on behalf of Finance Minister Chrystia Freeland in the House of Commons on Wednesday...
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Trump tariff threats reveal Canada’s trade dependency on U.S.: experts
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...
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Canada’s economy ekes out 1% growth in third quarter
Descrease article font size Increase article font size The Canadian economy continued to grow in the third quarter as consumer spending rebounded, Statistics Canada said Friday. On an annualized...
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Canada Post strike: U.S. Postal Service says it won’t send mail north of border
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...
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Ottawa’s pandemic small business loan program lacked checks and balances: AG
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...
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Food giant Cargill is slashing 5% of global workforce—around 8K jobs
Descrease article font size Increase article font size Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global...
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Scotiabank boosts Q4 profits with less money set aside for bad loans
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...
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Dollarama buys land for Calgary warehouse, targets 2,200 stores in Canada by...
A new Dollarama distribution centre and a lot more of the chain’s stores are headed for Canada over the next decade. The retailer announced Wednesday that it had spent $46.7 million to buy land in...
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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...
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Taylor Swift concert sponsorship helps RBC add 600K clients in Q4, CEO says
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...
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Rate cut hopes could have ‘psychological’ impact on homebuyers in 2025
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...
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Food prices in Canada likely to increase by 3 to 5% next year: report
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...
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