The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows. The Canadian Real Estate Association (CREA) said Thursday that home sales retreated by 0.7 per cent month to month in July, giving back some of the jump…
By Hannah Alberga The Canadian Press Posted August 15, 2024 7:50 am 1 min read Descrease article font size Increase article font size The Public Health Agency of Canada says it was only after multiple Listeria cases emerged in Ontario in June that it recognized a broader outbreak that had started back in August 2023….
As the number of mpox cases escalates in Africa and creeps upward in other countries like Canada, the World Health Organization (WHO), on Wednesday, again declared the virus a global public health emergency. The declaration comes more than two years after the WHO first declared a global mpox emergency in 2022, which subsequently subsided in…
By Staff The Canadian Press Posted August 14, 2024 12:54 pm 1 min read Descrease article font size Increase article font size Quebec says that starting this fall it will authorize early requests for medical assistance in dying from certain patients before their condition renders them incapable of giving consent. The province has been calling…
Canadians are managing to keep up with their mortgage payments in the face of higher interest rates, but a new Statistics Canada analysis suggests there are cracks forming on other kinds of debt. The agency released a report Wednesday tracking how debt levels changed from pre-COVID-19, through the pandemic and into the ensuing economic rebound,…
By Staff The Canadian Press Posted August 14, 2024 2:02 pm 1 min read Descrease article font size Increase article font size Quebec’s public security minister says the province is experiencing an “extremely difficult” period of climate-related disasters. François Bonnardel spoke to reporters Wednesday morning from Ste-Julienne, Que., a small community 55 kilometres north of…
Canada’s international trade minister is criticizing the U.S. Department of Commerce for nearly doubling duties on softwood lumber, saying the move is unfair and unwarranted. Minister Mary Ng said the U.S. has significantly increased duties on softwood lumber from Canada, to 14.54 per cent from 8.05 per cent. “Baseless and unfair U.S. duties on softwood…
Descrease article font size Increase article font size Metro Inc. says it earned a third-quarter profit of $296.2 million, down from $346.7 million in the same quarter last year, as its sales rose 3.5 per cent. The grocery and drugstore retailer said Wednesday the profit amounted to $1.31 per diluted share for the quarter ended…
Many Canadians today are feeling the pinch and reining in their spending, waiting out harsh economic winds in a pattern of behaviour typical of major recessions and financial crashes in history. The difference this time around? Canada’s not (technically) in a recession. Economists typically define a recession as two consecutive quarters of negative growth in…
By Staff The Canadian Press Posted August 13, 2024 6:53 pm 1 min read Descrease article font size Increase article font size The U.S. Department of Homeland Security says people seeking asylum at the northern border with Canada will have less time to consult a lawyer before making their case. The department says it reviewed…
