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Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed
MONTREAL — Canadian shippers are starting to feel the strain of recent attacks on cargo vessels in the Red Sea, as container rates rise and boats roll in late on the East Coast.
Jan 15, 2024 3:18 PM
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Asking rents jump 8.6% in December to hit record $2,178 on average: report
A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but an 8.6 per cent jump year-over-year. The data released Monday by Rentals.
Jan 15, 2024 2:08 PM
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As Canadians cut back, mortgage holders say they can make higher payments: BoC survey
OTTAWA — Canadians are increasingly cutting back on spending while mortgage holders remain confident they can keep up with higher payments when their loans renew, a Bank of Canada survey says.
Jan 15, 2024 12:47 PM
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Kristian Aquilina named new president and managing director of GM Canada
OSHAWA, Ont. — General Motors has named Kristian Aquilina as GM Canada's new president and managing director. The move is a promotion for Aquilina, who was GM Canada' vice-president for vehicle sales, service and marketing.
Jan 15, 2024 12:45 PM
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Houthi rebels strike a U.S.-owned ship off the coast of Yemen in the Gulf of Aden, raising tensions
JERUSALEM (AP) — Houthi rebels fired a missile, striking a U.S.-owned ship Monday just off the coast of Yemen in the Gulf of Aden, less than a day after they launched an anti-ship cruise missile toward an American destroyer in the Red Sea.
Jan 15, 2024 12:39 PM
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Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution
With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023.
Jan 15, 2024 11:08 AM
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Boeing to increase quality inspections on 737-Max following Alaska Airlines blow out
NEW YORK (AP) — Boeing told employees Monday that it plans to increase quality inspections of its 737 Max 9 aircraft, following the failure of an emergency exit door panel on an Alaska Airlines flight last week.
Jan 15, 2024 10:52 AM
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Statistics Canada says manufacturing and wholesale sales rose in November
OTTAWA — Statistics Canada says manufacturing sales rose 1.2 per cent to $71.7 billion in November, helped by higher sales in the chemical subsector as well as gains in primary metal and machinery groups. Sales of chemical products rose 6.
Jan 15, 2024 8:17 AM
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AGF buying majority stake in alternative investment firm Kensington Capital
TORONTO — AGF Management Ltd. has signed a deal to buy a 51 per cent stake in alternative investment firm Kensington Capital Partners Ltd. for $45 million.
Jan 15, 2024 7:52 AM
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Thomson Reuters raises offer for Pagero Group, acquires majority stake
TORONTO — Thomson Reuters Corp. has raised its offer for Swedish company Pagero Group. Under its revised proposal, the company is offering 50 Swedish kronor in cash per Pagero share in a bid that values the e-invoicing firm at about 8.
Jan 15, 2024 7:08 AM
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