Author Archives
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SpaceX stock surges in 1st day on Wall Street. Everything you need to knowSpaceX officially launched as a publicly traded company Friday morning, and Elon Musk's company carries the largest valuation ever seen for a Wall Street debut.MoneyJun 12
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Dollarama sales surge over 20% amid ‘weakening’ consumer confidenceThe Montreal-based retail giant also said it may need to change its sales outlook if the Iran war drags on for the long term and results in higher operational costs.ConsumerJun 11
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CRA taking up to 47 weeks to process some tax return changes, watchdog saysTaxpayers who filed requests to make changes to their income tax returns may be waiting up to 47 weeks for those changes to be processed by the CRA, an official watchdog says.ConsumerJun 11
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Canada not ‘an idle spectator’ in U.S. trade negotiations, LeBlanc saysAs Canada and the U.S. hammer out trade negotiations, Minister Responsible for Canada-U.S. Trade Dominic LeBlanc said Canada is 'not an idle spectator.'CanadaJun 11
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AI tokens are catching some companies by surprise — and spurring big billsAs artificial intelligence (AI) use ramps up by many companies, some are reportedly facing sticker shock as they run out of AI 'tokens,' which can lead to extra costs.TechJun 10
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Canada’s economy is weak, but ‘not clearly in recession,’ Macklem saysGovernor Tiff Macklem at the Bank of Canada said Wednesday that the economy is weak, but "not clearly in recession" after the central bank left interest rates unchanged.EconomyJun 10
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Why smaller weddings are making a comeback: ‘They want to buy a house’As the heightened cost of living weighs on Canadian households, some wedding planners and vendors say they've noticed a shift with their clients.ConsumerJun 9
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As consumers struggle, should the Bank of Canada hike, hold or cut rates?Several economists believe the Bank of Canada is more likely to raise borrowing rates in the coming months than provide a cut.EconomyJun 8
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What are AI data centres? A closer look as Canada eyes ‘large-scale’ pushOttawa's AI strategy includes plans to build out data centres, which many Canadians have pushed back against because of the environmental and community impacts.CanadaJun 4
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Robinhood enters Canada with focus on cryptocurrency. What to knowRobinhood is similar to WealthSimple, Questrade and many other apps that allow users to invest their money through self-managed or managed accounts.MoneyJun 3
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Trump denies reports Iran stopped talking to mediators, says talks ongoingIran reportedly stopped communicating with mediators about extending a ceasefire, but U.S. President Donald Trump disputed the claim.WorldJun 2
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One-time GST top-up lands this week as part of new grocery benefitEligible Canadians will soon be receiving extra money from the federal government in the form of a topped-up GST payment before the program transitions into the grocery benefit.ConsumerJun 2
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Canada, U.S. ‘have a lot of work to do’ ahead of CUSMA deadline: LeBlancCanada-U.S. Trade Minister Dominic LeBlanc travelled to Washington for trade talks after asking the U.S. and Mexico to renew the current Canada-U.S.-Mexico Agreement (CUSMA).CanadaJun 2
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Is Canada in recession? ‘We see some weakness,’ Carney says, touts ‘process’Prime Minister Mark Carney acknowledged 'some weakness' in the economy after recent GDP data showed Canada was in a technical recession.EconomyJun 2
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Are we in a recession? ‘Be careful’ with indicators, says Bank of CanadaEven though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.EconomyJun 1
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Gas price relief may have been short-lived following new strikes on IranGas prices in Canada are expected to start climbing again, as any progress made towards a peace deal between the U.S. and Iran appears to be unravelling.ConsumerJun 1
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Cold weather deters 54% of surveyed Canadians from considering an EVElectric vehicles are becoming more popular in Canada, according to a new survey report, but a large number of Canadians believe cold temperatures are a reason not to consider one.ConsumerMay 29
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Trump says U.S. blockade on Strait of Hormuz ‘will now be lifted’U.S. President Donald Trump says the U.S. blockade on the Strait of Hormuz "will now be lifted" after a proposed agreement with Iran has been reached.CanadaMay 29
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Canada slips into technical recession as economy stalls in Q1: StatCanStatistics Canada says economic growth stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis.EconomyMay 29
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Friday will reveal how Canada’s GDP reacted to the Iran war in MarchThe way that Canada's economy reacted to the Iran war, particularly from higher oil and energy prices, will become clearer in the upcoming GDP report set for release on Friday.EconomyMay 28
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Bank of Canada says households struggling, economy vulnerable to shocksThe global economy is 'volatile' and 'vulnerabilities' exist that could expose Canada to potential shocks on multiple fronts, the central bank's report says.EconomyMay 28
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Canada’s big banks brace for more bad loans, focus on ‘de-risking’Canada's biggest private banks are reporting quarterly earnings this week, and the first three have signalled they are continuing to set aside money in case some loans default.EconomyMay 27
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Rising threat of ‘distraction’ auto thefts ‘can pop up anywhere,’ says CAAA rising number of auto thefts in Canada see threat actors using 'distraction' tactics to help them steal cars from their owners, according to CAA.CrimeMay 27
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Canada’s venture capital gap now an ‘economic sovereignty issue,’ BDC saysCanada's economic sovereignty could be at risk because international players provide a large share of funding to Canadian startups, according to BDC.EconomyMay 27
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As grads enter tough job market, moving home ‘makes perfect sense’: expertsYoung Canadians are living at home for longer with each passing generation, which experts say suggests that the stigma may be fading as economic pressures shift cultural norms.EconomyMay 26
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