Canada

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets. A TransUnion...

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years.  Here’s what...

Tesla appears to be ramping up hiring again, nearly two months after Elon Musk kicked off mass layoffs. The automaker previously reduced the number of available jobs for North America...

Last fall, Hershey Co. repurchased a factory outside Ottawa that it closed more than a decade earlier. Blommer Chocolate Co., a U.S. rival, is expanding in Ontario while it shutters an 85-year-old Chicago plant....

Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional...

Generative AI is poised to add around eight per cent to Canada’s labour productivity by the end of the decade, according to Microsoft Canada President Chris Barry.  Last week a...

The former head of Canada’s largest pension plan says the federal government’s decision to delay the implementation of proposed changes to the capital gains tax was made to collect additional tax...

Monday, April 29 Earnings: Cargojet, Gibson Energy, Domino’s Pizza, Paramount Global Tuesday, April 30 8:30 a.m. Canada Monthly Real GDP (February) U.S. FOMC Meeting Begins Earnings: Cameco, Ivanhoe Mines, Restaurant...

Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of spending growth since the start of 2024. Receipts for retailers were unchanged...

Members of the Bank of Canada’s governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month....