TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing data Two key data points for Canada’s housing market are expected Monday. The Canadian Real Estate Association is expected to release its sales results for February and Canada Mortgage and Housing Corp. will release February housing starts data. […]
Tag Archives: Canada
WASHINGTON — Airports in the United States saw their largest number of passengers in a year on Friday, data showed, following a shuddering halt in travel brought on by the Covid-19 pandemic. Just over 1.35 million travelers were checked in at American airports on Friday, the most since March 15 last year, according to Transportation […]
TORONTO — Strong employment numbers for February propelled the Canadian dollar to a three-year high while the TSX climbed for a sixth-straight day to set another record close. The Canadian dollar traded for 80.04 cents US after hitting an intraday high of 80.26, compared with 79.61 cents US on Thursday. The S&P/TSX composite index reversed […]
OTTAWA — Canada’s economy added 259,000 jobs last month, whipping past expectations to pull the country closer to pre-pandemic employment levels, with young women staring at the longest road to recovery. One year into the pandemic, Canada’s job market is 599,100 jobs short of where it was in February of last year, or 3.1 per […]
OTTAWA — Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday. Hot real estate markets in many regions helped propel house prices higher, pushing demand for mortgage loans to $34.9 billion in the fourth quarter […]
TORONTO — Canadians who want to help the country’s economy rebound should book haircuts, hire tradespeople for home renovations and keep ordering from local restaurants, economists say. They believe these actions are more likely to quickly stimulate Canada’s economy and keep money within the country than online impulse shopping, which many have gravitated to during […]
TORONTO — A large Amazon fulfillment Centre in Brampton has been ordered to cease all operations and all workers must self-isolate as part of an ongoing Peel Public Health investigation into COVID-19 cases inside. Peel Public Health says effective at midnight Friday, the facility at 8050 Heritage Road, north of Steeles Avenue West, must shut […]
As the COVID-19 pandemic enters year two, a lot has changed in the day-to-day lives of Canadians. Not only have they adapted to the new norms of distanced socializing and working from home, most of them have also revised their spending needs to conform to the changing demands of the pandemic. While many people suffered […]
OTTAWA — In February 2020, the governor of the Bank of Canada was testing the seal on his N95 face mask by trying to smell the scented gas his security team pumped at him. In that moment, it occurred to him that COVID-19 might turn out to be more than just a health concern. Stephen […]
As government restrictions begin to lift in some provinces, Canadians who have been feeling cooped up might return to their pre-pandemic shopping habits. Toronto-based financial expert Preet Banerjee recently joined The Morning Show to talk about “revenge spending” and ways we can continue to save money. Read more: How to save money on your utility […]