Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets across the country, a new report from Re/Max Canada shows. The national brokerage said in its national condo outlook released Wednesday that listings in this segment of the market have “soared” in recent months. A…
A new report from the Parliamentary Budget Officer says inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households. But wealthier households have seen their purchasing power rise thanks in big part to their investment income. Over a longer time period — since the last quarter of 2019 —…
Northback Holdings’ Grassy Mountain coal mining project has been a controversial topic in Alberta for years. One side argues it would provide a much-needed economic boost in the area, while others fear it would do irreparable harm to the Oldman watershed. Rina Blacklaws, spokesperson for Northback Holdings, says the project would be different from previous…
Dockworkers in the United States East Coast and Gulf Coast entered the third day of their strike as reports emerged of localized toilet paper shortages across the U.S. But experts say any lack of supplies on shelves has little to do with the strike itself, and more to do with consumer behaviour. Ronalds Gonzalez, a…
Warning lights are flashing in Canada’s “economic engine,” and experts say even a stop from pop music’s biggest superstar Taylor Swift next month might not be enough to keep Toronto’s flagging economy out of a “T-cession.” Like the broad, extended contractions marked by a recession, a T-cession refers to a protracted economic slowdown localized to…
Descrease article font size Increase article font size The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports says it has reached a deal to suspend their strike until January to provide time to negotiate a new contract. The International Longshoremen’s Association and the U.S. Maritime Alliance said in a joint statement…
By Nojoud Al Mallees The Canadian Press Posted October 1, 2024 2:34 pm 1 min read Descrease article font size Increase article font size Finance Minister Chrystia Freeland says owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year. The Finance Department says the federal…
U.S. ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with a threatened strike. A lengthy shutdown could raise prices on goods across North America and potentially cause shortages and price increases at big and small retailers alike as the holiday shopping season — along with…
Descrease article font size Increase article font size Canada is poised to see significant growth in Indigenous-related project financing, international credit rating agency Morningstar DBRS said Monday. In a report released on the fourth annual national day for Truth and Reconciliation, the credit rating agency said Indigenous-related capital markets activity is on a steady upward…
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the Superintendent of Financial Institutions (OSFI) confirmed to Global News on Thursday that it’s ending the need for lenders to apply the minimum qualifying rate…
