Business

Premier Doug Ford Says Another Province-Wide Lockdown is Under Review Ahead of Easter

Ontario’s Premier says “everything is on the table” when it comes to the possibility of another lockdown as the province navigates through a third wave of the virus. Doug Ford...

Regulators Raised Toronto’s Hot Housing Market to “High Risk”

Canada’s housing agency raised its risk assessment for the Toronto market to high, while also warning of overheating at the national level as the pandemic-driven surge in home prices shows no signs of...

IKEA to Open First Downtown Toronto Store in 2022

IKEA will open its first downtown Toronto store at 382 Yonge Street, on the northwest corner of Yonge and Gerrard Streets, located in the AURA building. The Swedish furniture retailer...

Canada’s Supreme Court Ruled Country’s Carbon Price is Constitutional

The Supreme Court of Canada on Thursday has given the federal government the constitutional green light to impose a carbon price on the provinces. The decision was the culmination of...

Federal Government Proposes $7 Billion Spending Transfers for Healthcare and Infrastructure

Deputy Prime Minister Chrystia Freeland said today the federal government plans to provide a one-time payment of $7 billion to provinces, territories, cities and First Nations communities to help them cover the cost...

Ontario’s 2021 Budget to Include Cash Handouts for Businesses, Parents, and Deficits until 2029

The Ford government is continuing with increased healthcare spending and cash grants to businesses and parents as its pathway out of the pandemic will be paved with more than $100 billion in new...

Canada’s 2021 Budget Will Be Announced April 19 as the Country Races Against Variant COVID-19 Spread

The federal government will table its first budget in more than two years on April 19, 2021. Finance Minister Chrystia Freeland announced the hotly anticipated date for Budget 2021 in...

Ottawa Announces $4.85 Million Fund to Help Nova Scotia’s Struggling Fish and Seafood Sector

The federal government has announced funding for a dozen projects in western Nova Scotia to buoy the province’s struggling fish and seafood processing sector. Fisheries Minister Bernadette Jordan says the...

Le Château Brand Listed for Sale as Retailer Liquidates Stores Across Canada

A U.S. advisory firm is hoping that Canadian clothing retailer Le Château will rise from the ashes of insolvency. Hilco Streambank says Le Château’s e-commerce platform, brand assets and some...

Rogers is Set to Buy Telecom Company Shaw in a $26 Billion Dollar Deal

Rogers Communications Inc. has signed a deal to buy Shaw Communications Inc. in a deal valued at $26 billion, including debt. The transaction, which would combine Canada’s two largest cable...

Bank of Canada Announces It Will Keep Key Interest Rate Target on Hold

The Bank of Canada is keeping its key interest rate target on hold at 0.25 percent, saying economic conditions still require it even if things are going better than anticipated.

New Condo Apartment Fever Moves to Ontario’s Smaller Centres

New condo sales have ramped up in Ontario’s less populated regions, including Niagara and Simcoe, a sign that demand for housing in suburban and semi-rural areas is growing stronger. Since...

World Economy Recovered From COVID-19 Faster than Expected says OECD

Canada could be set for better-than-expected growth this year, global economy forecast to expand by 5.5% According to a new forecast, the world economy is recovering from the pandemic crisis...

Federal and British Columbia Government Announces $517 Million Rent Aid Program to Help the Vulnerable

Vulnerable people in British Columbia struggling to make monthly rent payments or find affordable places to live are now eligible for rental relief under a federal-B.C. program announced Monday. The...

Liberal Government to Set Aside $2.75 Billion in Planned Transit Funding for Electric Buses

The federal Liberals are setting aside some of the billions of dollars planned in short-term transit spending to help municipalities further green their bus fleets. Infrastructure Minister Catherine McKenna says...

Greater Toronto Area Housing Market on Fire as Average Home Prices Surpasses $1 Million

The Toronto Regional Real Estate Board says the housing market remained on fire in February with the average price surpassing $1 million for the first time. The real estate board...

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