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CMHC reports annual rate of housing starts in Canada fell in May
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May dropped 23 per cent compared with April as starts of apartments, condos and other types of multi-unit housing projects in Vancouver, Toronto and Montreal fell.
Jun 15, 2023 6:45 AM
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Inflation, interest rates weighing on Canadians' retirement plans: survey
TORONTO — Canadians are struggling to save for retirement, with many planning to push back the next phase of their life amid inflation and higher interest rates, according to a new survey from the Healthcare of Ontario Pension Plan.
Jun 15, 2023 4:00 AM
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Faster approvals for major projects will be key to achieving climate goals: Report
CALGARY — Canada has no hope of reaching its 2050 climate goals unless it can find a way to speed up the approvals process for major projects in this country, a new report states.
Jun 15, 2023 4:00 AM
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Fed Chair Powell sees progress on inflation, though not quickly enough
WASHINGTON (AP) — Inflation may be cooling — just not yet fast enough for the Federal Reserve.
Jun 14, 2023 10:02 PM
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A look at how the Bell layoffs affect their journalism platform
TORONTO — BCE Inc. announced Wednesday that it is cutting 1,300 positions, around three per cent of its workforce, and closing or selling nine radio stations as the company plans to "significantly adapt" how it delivers the news.
Jun 14, 2023 3:54 PM
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Reitmans reports $3.8 million loss in first quarter, sales rise
MONTREAL — Reitmans (Canada) Ltd. reported a net loss of $3.8 million in its first quarter, compared with a net loss of $1.7 million a year earlier. The Montreal-based retailer says sales for the quarter ended April 29 were $165.0 million, up 7.
Jun 14, 2023 3:37 PM
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Oregon jury: PacifiCorp must pay punitive damages for fires, plus award that could reach billions
PORTLAND, Ore. (AP) — A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020 — on top of an earlier verdict already expected to amount to billions of dollars.
Jun 14, 2023 3:11 PM
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S&P/TSX composite edges upward, U.S. stock markets mixed after central bank pause
TORONTO — Strength in industrials and metals helped buoy Canada's main stock index amid energy weakness Wednesday, while U.S. stock markets were mixed after the country's central bank held interest rates steady.
Jun 14, 2023 2:57 PM
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Bell cuts 1,300 positions, radio stations and foreign bureaus in restructuring
TORONTO — BCE Inc. is cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign bureaus as the company plans to "significantly adapt" how it delivers the news in the face of rising financial pressure.
Jun 14, 2023 2:53 PM
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Canada halts activity at Asian development bank, looks to review its membership
OTTAWA — Finance Minister Chrystia Freeland announced Wednesday that Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.
Jun 14, 2023 2:32 PM
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