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Home construction must double over next decade to restore 2019 affordability: CMHC

Home construction must double over next decade to restore 2019 affordability: CMHC

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.
Affordability challenges still plague renters despite falling prices: report

Affordability challenges still plague renters despite falling prices: report

TORONTO — A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.
Keyera says $5.15B deal to buy Plains' Canadian business to help energy security

Keyera says $5.15B deal to buy Plains' Canadian business to help energy security

CALGARY — Keyera Corp.'s deal to buy the Canadian natural gas liquids business of U.S. firm Plains for $5.15 billion will help boost this country's energy security and economic resilience, its chief executive says.
Business groups push for pause on Canada's digital services tax targeting tech giants

Business groups push for pause on Canada's digital services tax targeting tech giants

OTTAWA — Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30. Canadian and U.S. business groups, organizations representing U.S.
Few Canadians support Canada Post privatization, but open to sweeping changes: survey

Few Canadians support Canada Post privatization, but open to sweeping changes: survey

A new survey finds less support among Canadians for the privatization of Canada Post, but many are open to large-scale changes amid labour strife between the Crown corporation and its union.
Lululemon Athletica cutting 150 corporate jobs as part of organizational changes

Lululemon Athletica cutting 150 corporate jobs as part of organizational changes

VANCOUVER — The Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure. The retailer said Wednesday the affected employees are part of its store support centres.
Construction sector ramping up tech investments to address labour gap: KPMG survey

Construction sector ramping up tech investments to address labour gap: KPMG survey

TORONTO — A new survey says most Canadian construction companies are still coping with a shortage of skilled labour, however their productivity and efficiency has improved in recent years as a result of investments in technology.
Retailers are in trouble and there's more to come: insolvency, restructuring experts

Retailers are in trouble and there's more to come: insolvency, restructuring experts

The fall of Hudson's Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company's demise is part of a now-annual pitter-patter they expec
B.C. mall owner offers $6 million for three Hudson's Bay leases: court documents

B.C. mall owner offers $6 million for three Hudson's Bay leases: court documents

The B.C. mall owner hoping to buy dozens of Hudson's Bay leases has offered $6 million to take over three locations in malls that she owns, describing it as just the beginning of a new department store empire.
Bank of Canada weighed June rate cut — but trade uncertainty kept it on hold

Bank of Canada weighed June rate cut — but trade uncertainty kept it on hold

OTTAWA — New meeting records show the Bank of Canada's top decisionmakers were weighing an interest rate cut earlier this month but didn't feel like they knew enough about how the tariff dispute with the United States would unfold to pull the trigger
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