Most employed Canadians are happy in their roles, Statistics Canada’s October employment survey showed, even as a growing number give up on the job hunt amid a softening labour market. Canada’s jobless rate was 6.5 per cent last month, the agency said, as employers added some 15,000 positions to their payrolls, largely concentrated in full-time…
Chrystia Freeland says that a unified stance towards China will give Canada a “firm foundation” in upcoming trade negotiations with the United States and president-elect Donald Trump. Deputy Prime Minister and Finance Minister Freeland spoke to reporters Friday after the first meeting of the newly revived cabinet committee on Canada-U.S. relations, which she will again…
Descrease article font size Increase article font size British Columbia’s newest hydroelectric dam has hit another key milestone. BC Hydro said Thursday that it had completed filling the Site C dam’s reservoir, a process that took 11 weeks to complete to raise water levels by about 43 metres. Despite the reservoir now being full, the…
On the heels of Donald Trump’s election as the 47th president of the United States, serious concerns are being raised over the potential negative impact it could have on Alberta’s biggest trading partner. The Alberta government says the United States is by far the province’s biggest trading partner, with more than $156B worth of exports…
The Bank of Canada’s top decision makers worried the central bank’s oversized interest rate cut in October could send a dour signal about the state of the Canadian economy, according to new documents released Tuesday. The Bank of Canada delivered a rare 50-basis-point cut to its benchmark interest rate on Oct. 23, the fourth consecutive…
Canadian homeowners continue to face risks from a looming shock in mortgage renewals, even as the Bank of Canada lowers its benchmark interest rate, a report released Monday warns. The Canada Mortgage and Housing Corp. (CMHC) said Monday that the mortgage delinquency rate — the proportion of Canadians who have missed payments on their mortgage…
The Canadian economy posted flat growth in August, Statistics Canada said Thursday, but there were signs of a rebound stirring in September. Economists reacting to the news said the “soft” print for real gross domestic product supports calls for another oversized rate cut from the Bank of Canada, but cautioned there’s plenty of data to…
Despite an oversized interest rate cut from the Bank of Canada last week, experts who spoke to Global News say Canadians shouldn’t be expecting much more discounting on fixed mortgage rates. In fact, movements south of the border — a solid United States economy and the looming presidential election — could have more of an…
Descrease article font size Increase article font size Young Canadians are holding fast to the dream of buying a home, even as overall rates of ownership are falling sharply, according to a new poll released by Scotiabank Tuesday. The polling shows a steep decline in young homeowners over the past three years as housing unaffordability…
Descrease article font size Increase article font size ‘Hollywood North’ could be facing some new pressures, with the original film and TV hub it is named after potentially getting big help from the California government. California Gov. Gavin Newsome has proposed more than doubling the state’s film tax credit program from $330 million to $750…
