Author Archives
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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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Tariffs led to price changes for majority of Canadian businesses: KPMG pollAs tariffs continue to bite into the Canadian economy, a recent survey found the majority of large and mid-sized businesses have adjusted prices because of those additional costs.EconomyAug 5
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Canada’s weaker loonie helped drive a wider trade surplus in June: StatCanCanada's trade surplus with the world widened in June as exports and imports rose, according to Statistics Canada.EconomyAug 4
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WestJet flight delays expected to last days despite strike endingWestJet says its guests are still being impacted by a one-day flight attendants' strike, which ended after a tentative agreement between the airline and the union was reached.ConsumerAug 4
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As possible WestJet strike nears, here’s how to navigate flight disruptionsWith both a strike notice and a lockout notice issued by the two sides, passengers should know their rights and options should they face sudden changes to their plans, experts say.CanadaJul 31
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Why spiking U.S. bond yields could be a big warning for the economyExperts say a sharp rise in U.S. bond yields this week was a major warning sign about inflation, interest rates and economic uncertainty.EconomyJul 31
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Data breach costs mount as attacks target critical infrastructure: IBMThe cost of data breaches to Canadian businesses has reached a record high of more than $7 million on average, according to a new report from IBM.TechJul 30
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WestJet flight attendants give 72-hour strike notice, airline issues lockoutThe union representing close to 4,400 flight attendants at WestJet says it has issued a 72-hour strike notice to the airline, to which WestJet responded with a lockout notice.ConsumerJul 30
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Online passport renewals now open for Canadians ‘whenever it is convenient’All eligible Canadians can now renew their passports online, the federal government announced Tuesday, removing previous daily limits on how many people could apply online.CanadaJul 28
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Old age security and CPP payments land in bank accounts on WednesdayOld age security and the Canada Pension Plan payments will be heading out to Canadians who qualify on Wednesday — and some of those payments will be higher than before.ConsumerJul 28
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Gordie Howe bridge revenue-sharing agreement appears to contradict CarneyThe federal government released the text of what it's calling an agreement in principle with the U.S. for the Gordie Howe International Bridge, including on revenue sharing.CanadaJul 22
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