Business
Home prices could hit peak levels by next year, set new highs in 2026: CMHC report
By The Canadian Press on April 4th, 2024
OTTAWA – The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. The agency’s latest housing market outlook report also says housing starts in Canada are expected to decline this year before recovering in 2025 and 2026, reflecting ... Read More »
Be the first to comment!Montreal airport CEO unveils $4-billion plan to boost capacity, reduce congestion
By The Canadian Press on April 4th, 2024
MONTREAL – The authority overseeing the Montreal airport is rolling out a nearly $4-billion plan to reduce congestion and ramp up capacity. The announcement comes after rising passenger volumes and surging car traffic last summer prompted a wave of frustration among travellers trying to make their flights on time. In 2023, gridlock on the road ... Read More »
Be the first to comment!Class actions don’t always pay big, but can make you some extra cash: experts
By Tara Deschamps, The Canadian Press on April 4th, 2024
TORONTO – Over the last decade, Todd Cocks has turned a series of misfortunes into money in his wallet. There was the time hackers accessed his and millions of other PlayStation users’ personal information, another when electronics manufacturers were accused of fixing computer monitor prices and the time his bank was charging hidden foreign exchange ... Read More »
Be the first to comment!Statistics Canada says trade surplus up in February as gold exports hit record high
By The Canadian Press on April 4th, 2024
OTTAWA – Statistics Canada says the country’s merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high. The agency says the result compared with a revised surplus of $608 million in January. Total exports in February rose 5.8 per cent to $66.6 billion, boosted by an increase in ... Read More »
Be the first to comment!US applications for jobless benefits rise to highest level in two months, but layoffs remain low
By Matt Ott, The Associated Press on April 4th, 2024
The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates. The Labor Department reported Thursday that filings for unemployment claims for the week ending March 30 climbed by ... Read More »
Be the first to comment!Ford Motor Co. delays start of EV production at Oakville, Ont., plant until 2027
By The Canadian Press on April 4th, 2024
TORONTO – Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., to 2027. The U.S. automaker had planned to start production in 2025 at the Canadian plant which employs 2,700 workers. Ford announced plans last year to spend $1.8 billion to transform its Oakville assembly plant into ... Read More »
Be the first to comment!US applications for unemployment benefits rise, but layoffs remain at historically low levels
By Matt Ott, The Associated Press on April 4th, 2024
The number of Americans applying for jobless benefits rose last week but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates. The Labor Department reported Thursday that filings for unemployment claims for the week ending March 30 climbed by 9,000 to 221,000 from the previous week’s ... Read More »
Be the first to comment!Dollarama reports Q4 profit and sales up from year ago, raises quarterly dividend
By The Canadian Press on April 4th, 2024
MONTREAL – Dollarama Inc. raised its quarterly dividend by nearly 30 per cent as it reported its fourth-quarter profit and sales rose compared with a year ago. The retailer says it will now pay a quarterly dividend of 9.2 cents per share, up from 7.08 cents per share. The increased payment to shareholders came as ... Read More »
Be the first to comment!Why climate change on the farm means a big bill for Canadian taxpayers
By Amanda Stephenson, The Canadian Press on April 4th, 2024
CALGARY – To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books. The prairie province had forecast a more than $1 billion surplus for the fiscal year ending March 31, 2024, but fresh budget documents released last month show ... Read More »
Be the first to comment!Strike over at CN Autoport facility in Nova Scotia after Unifor ratifies agreement
By The Canadian Press on April 3rd, 2024
HALIFAX – A weeks-long strike at a transshipment facility near Halifax is over after union members ratified a three-year collective agreement. More than 230 unionized workers at the CN Autoport facility in Eastern Passage, N.S., walked off the job in late February. Unifor says each year of the agreement will see wage increases, with lump-sum ... Read More »
Be the first to comment!Trans Mountain pipeline expansion to enter commercial service May 1
By The Canadian Press on April 3rd, 2024
CALGARY – The Trans Mountain oil pipeline expansion will go into commercial service on May 1. The Crown corporation behind the project, which will increase the existing pipeline’s capacity by 590,000 barrels per day to a total of 890,000 barrels per day, provided the start date in an update Wednesday. Trans Mountain Corp. says it ... Read More »
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