Author Archives
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Canada Post sees $277M quarterly loss after finalizing new union contractCanada Post on Friday reported a loss before tax of $277 million in the three-month period from April through June as the postal workers union signed a multi-year deal.ConsumerAug 28
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Number of Canadians missing in Nepal-Tibet floods rises to 32: ministerThe federal government says at least 32 Canadians are reported missing in an area spanning parts of Nepal and Tibet, an autonomous region in China, after devastating floods.WorldAug 28
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Canada’s GDP rose 3.3% in Q2 with Q1 data changes showing bump, not dipCanada's economy grew in the three months ending in June, with annualized gross domestic product (GDP) up 3.3 per cent, according to Statistics Canada.EconomyAug 28
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How a collapsing glacier may have caused the catastrophic Nepal floodsA series of flash floods has destroyed villages in parts of Nepal and Tibet, as experts say a falling glacier likely triggered a chain reaction of events that could get worse.EnvironmentAug 27
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30 Canadians missing after catastrophic Nepal-Tibet floods, Anand saysThe number of Canadians missing in Nepal and the Tibet region after a series of catastrophic flash floods has climbed to 30 from 25 Wednesday, according to the federal government.WorldAug 27
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How is EI changing under Canada’s tariff relief plan — and is it enough?The federal government is modifying some Employment Insurance (EI) benefits for workers impacted by U.S. tariffs as they take hold on Canada's economy, but do they go far enough?ConsumerAug 26
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Would U.S. tariffs actually change after Trump, or is this the new normal?The idea of a prolonged trade war is something Canadians will need to get used to — even after President Donald Trump leaves office, experts say.CanadaAug 26
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What is Keystone XL—and why does Trump want to bring it back to life?U.S. President Donald Trump says he is looking to revive the the Keystone XL pipeline expansion project as part of a pending trade deal with Canada.EconomyAug 19
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Where Trump’s looming 50% tariffs could hit consumers hardestConsumers in Canada will likely feel the impact of new tariffs, experts warn, as cost increases for goods crossing the border ripple through the economy.ConsumerAug 18
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Consumer inflation ticked up to 3% in July, Statistics Canada saysConsumer inflation rose in July as gas prices increased, according to Statistics Canada, with the consumer price index ticking up from June.EconomyAug 17
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Stellantis ‘seriously considering’ closing Ontario assembly plant: UniforStellantis is strongly considering closing an assembly plant in Brampton, Ont., according to a statement from Unifor president Lana Payne on Friday.CanadaAug 14
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Gas prices set to change when excise tax pause expires — what to knowSome temporarily relief at the gas pump for Canadian consumers is set to end next month when the fuel excise tax pause is scheduled to expire.ConsumerAug 14
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Wholesale sales popped 9% from a year ago with all sectors up, says StatCanCanadian wholesalers were busy in June as sales rose nine per cent on a comparable basis from a year earlier, according to Statistics Canada.EconomyAug 14
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Canadian Tire says consumer sentiment ‘soft’ amid trade war, tariffsGreg Hicks, president and CEO of Canadian Tire Inc., said on a call with analysts Thursday that 'consumer sentiment remained soft' during the last quarter.ConsumerAug 13
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IEA expects world oil demand to fall amid surging gas pricesDemand for crude oil worldwide is expected to fall as higher gas prices force many consumers and businesses to reduce their consumption, according to the IEA.ConsumerAug 13
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Metro doubles down on shift towards more discount grocery storesMetro Inc., the company behind Metro, Food Basics and Super C grocery store banners, says it plans to transition more Metro stores into Food Basics to offer more value.ConsumerAug 12
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Air Canada says fuel costs spiked 49% from last year, with travel demand upAir Canada said it spent 49 per cent more on aircraft fuel compared to a year ago while demand for air travel boosted its revenue, and it plans to sell a quarter stake of Aeroplan.ConsumerAug 12
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Strategic oil stockpiles have hit a 40-year low amid the Iran warOil prices spiked Tuesday as the Iran war continues to jeopardize global supplies, with U.S. strategic stockpiles falling to the lowest level in more than 40 years.WorldAug 11
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Consumers could start feeling financial relief by 2027, says CIBCThere may be a glimmer of hope next year for consumers who are feeling the pinch from the heightened cost of living, according to a new report from CIBC.ConsumerAug 11
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How to get EI if you can’t work because of wildfire evacuationsCanadians who have been forced to evacuate due to wildfires and other natural disasters may still qualify for employment insurance benefits (EI) if they are unable to work.ConsumerAug 11
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U.S. alcohol is a bargaining chip in trade talks, but how much is it worth?The future of U.S. booze in Canada is being seen by many as a key bargaining chip ahead of critical trade negotiations in Washington focused on U.S. tariffs.CanadaAug 10
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Canada added 75K jobs in July ‘summer surge,’ but uncertainty remainsCanada added 75,000 jobs in July, according to Statistics Canada, as the national unemployment rate ticked down to 6.4 per cent — the lowest since July 2024.EconomyAug 7
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Investors want ‘real proof’ AI spending is paying off, new report suggestsA new report from Fidelity suggests financial advisors are increasingly looking for evidence that AI investments are translating into strong financial results.TechAug 6
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Consumers using savings to pay for essentials and piling up debt: EquifaxCanadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most.ConsumerAug 6
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Carney says Canada involved ‘from the start’ in NATO intern spying caseAs a Canadian faces espionage charges in Belgium, Prime Minister Mark Carney said Wednesday that Canada has been 'involved from the start,' adding, 'draw your own conclusions.'CanadaAug 5
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