The federal government says Canadians will get a “GST holiday” on groceries this holiday season — while those making under $150,000 annually will also be getting a cheque. Prime Minister Justin Trudeau made the announcement on Thursday, temporarily putting a break on the goods and services tax or harmonized sales tax on a slew of…
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 has moderated in recent months, settling back at the Bank of Canada’s two per cent target in October, consumers are once…
The Liberal government announced a suite of affordability measures Thursday that Ottawa says aims to put more money in Canadian bank accounts, a move experts say is likely to boost Canada’s economy and could register with voters who are still feeling the pinch of a higher cost of living. Prime Minister Justin Trudeau was in…
Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year. “This transformation will provide capacity for future growth and efficiency while strengthening our market position,” said president…
Editor’s note: This story has been updated after Canada Post informed Global News that staff at its retail locations had posted the wrong notice on their door regarding the benefits that will be delivered during the strike. The latest child benefits are going out to Canadian parents this week amid a postal disruption as…
Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could. The nation’s largest retailer raised its outlook for the year as well and shares rose nearly 4% in premarket trading Tuesday. Walmart, based in Bentonville, Arkansas,…
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after…
Canada Post and the union representing striking postal workers will head back to the bargaining table on Monday, this time with a special mediator appointed by the federal government. Members of the Canadian Union of Postal Workers (CUPW) took to the picket lines Friday in a nationwide strike that has halted all mail and parcel…
The Canada Post strike is set to have the sharpest impact on small businesses and customers of the postal service, particularly those living in remote and rural communities, according to experts who spoke to Global News. A lengthy labour disruption could have disastrous implications for the future of the national postal service itself, some warn….
Inflation in the United States ticked up in October, driven by costlier rents, used cars and airfares, a sign that price increases might be levelling off after having slowed in September to their lowest pace since 2021. Consumer prices rose 2.6 per cent from a year earlier, the Labor Department said Wednesday, up from 2.4…
