Top Results For: canadian dollar

Canadian household debt levels eased for a third straight quarter in Q4 according to Statistics Canada. In the last three months of 2023, households owed $1.79 in credit market debt for every dollar of disposable income. But a global rally in stocks and bonds boosted households net worth and offset a drag from reduced housing...

According to a new poll from the Angus Reid Insitute, half of Canadians under the age of 55 are struggling to put money into savings.

The federal government has revealed many of its plans to help Canadians ahead of tabling its 2024 federal budget, especially over the housing costs. But much of its goals will cost tens of billions of dollars. David Akin looks at how Ottawa plans to pay it off, including higher taxes on the wealthiest Canadians.

The recent decision by the Canadian Revenue Agency (CRA) to retract bare trust reporting rules has resulted in relief for some Canadians. However, for others, the news comes as too little, too late, as they have already spent hundreds of dollars on tax preparation fees. Naomi Barghiel reports.

The Canadian federal budget’s tabling is just around the corner, and this week, the Liberal government has been making housing announcements right across the country — pledging billions of dollars that will be included in its economic plan to tackle the country’s housing crisis. But with the cost of rent continuing to rise and concerns...

Poverty is a growing problem in Manitoba, and is costing the province billions of dollars a year according to the Canadian Centre for Policy Alternatives. Iris Dyck reports.

It’s taken Manitoba women from Jan. 1, 2023 until April 4, 2024 to make the same income as their male colleagues did last year. Numbers from the Canadian Centre for Policy Alternatives show that, on average, women make $0.71 for every dollar a man makes.

WARNING: Video contains graphic images which may not be suitable for all viewers. Discretion is advised. The conflict between Israel and Gaza has reached a six-month mark, with calls for a ceasefire growing louder. Meanwhile, Prime Minister Justin Trudeau has promised to spend billions of dollars on artificial intelligence research, skills training, and regulation, despite...

The first criminal trial against a former U.S. president is now underway, over Donald Trump’s alleged hush money payments to hide an affair with an adult film star before the 2016 presidential election. What unfolded in the first day of the historic trial, and how it will impact Trump’s 2024 election campaign. The Israeli war...

Saltwire Network, Atlantic Canada’s largest media group, is filing for creditor protection and is tens of millions of dollars in debt. Heidi Petracek reports on the fears for local news coverage, the Canadian media industry’s unprecedented challenges, and how some outlets have been able to thrive, while others struggle.

Four Ontario school boards have launched lawsuits against Meta, TikTok, and Snapchat over allegations their platforms are negligently designed for compulsive use, and have rewired the way children think, behave, and learn. How much money the school boards are seeking; how many hours a day kids and teens are logged onto social media; and how...

Asked how the Conservative party would meet Canada’s two per cent NATO target during a press conference in Mississauga, Ont., on Sunday, Pierre Poilievre said that, if in charge, they would “cut back office bureaucracy, botched procurements and foreign aid to dictators [and] terrorists,” while spending those dollars instead on the nation’s military.

Tax season is underway, and so are tax scams. Canadians lose millions of dollars to tax-related scams, and the Canada Revenue Agency warns taxpayers to be extra vigilant. Consumer Matters reporter Anne Drewa has more on the latest scams and how to protect yourself.

Natural Resources Minister Jonathan Wilkinson announced Tuesday that the federal government had awarded two contracts totaling nearly $500 million, intended for the construction of multi-purpose vehicles for the Canadian Coast Guard.

A new poll from CIBC found the majority of younger Canadians have been struck by cupid’s arrow and plan to splurge this valentine’s day by spending an average of 200-dollars on loved ones. That’s above the national spending average of 160-dollars, according to poll.

Ontario-based BTNX received a significant federal contract to supply COVID-19 rapid tests at the beginning of the pandemic. While it received billions of dollars and is a Canadian company, its supply chains stretched far beyond Canada’s borders. And as Jeff Semple reports, other Canadian companies that answered the plea to produce pandemic products are collapsing.

Whether it’s luxury vacations, courtside seats to major sporting events, or thousand-dollar tickets to see Taylor Swift perform – the Bank of America reports that Canadians are splurging on experiences like never before. Referred to as “funflation” by many, this reflects a major shift in consumer spending amid tough economic times.

The Ontario Medical Association (OMA) is warning the entire business model of family medicine is failing, with many physicians resorting to own bank accounts to keep their practices afloat. Why some family doctors are giving up, and what one advocate says needs to be done to fix the worsening problem. Ontario-based BTNX received a significant...

Political leaders, police and border agents will convene next month to tackle the growing problem of auto theft that is plaguing most Canadian cities. As Kyle Benning reports, vehicle theft is becoming a billion-dollar enterprise across Canada and government and police are scrambling to respond.

Kingston-based author Doug Ronson’s book ‘The World’s Campus’ looks at the growing financial reliance Canadian universities and colleges have on international students. Global News’ Darryn Davis speaks to the author as Queen’s University reports a drop in international students and faces a multi-million dollar operating budget deficit.