Business
Quebec economic update: A lot of uncertainty in 2023, Girard says
By The Canadian Press on December 8th, 2022
Quebec is announcing help for seniors today in an economic update that responds to stubborn inflation and points to a possible recession and much uncertainty for the coming year. Finance Minister Eric Girard says the risk of a recession is more apparent than ever and he anticipates an economic slowdown in 2023, one that could ... Read More »
1 responseTC Energy shuts down Keystone pipeline system after leak in Kansas
By Amanda Stephenson, The Canadian Press on December 8th, 2022
CALGARY – The size and scope of the oil spill caused by the Keystone pipeline Wednesday remains unknown, but analysts say Canadian crude could suffer a significant price impact if the pipeline is shut down for more than a few days. Pipeline operator TC Energy Corp. said Wednesday evening that it had mobilized people and ... Read More »
1 responseBoC shifting from how much to raise rates to whether to raise them: Deputy
By The Canadian Press on December 8th, 2022
MONTREAL – Bank of Canada Deputy Governor Sharon Kozicki says concerns around the stickiness of inflation helped push the bank to make its half percentage point increase Wednesday while noting it could be the last rate hike of the cycle. Speaking in Montreal before the Institut de développement urbain du Québec, Kozicki said that progress ... Read More »
1 responseGas prices down across Canada, likely to last a few weeks leading up to holidays
By The Canadian Press on December 8th, 2022
TORONTO – Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped today to 143 cents. A senior director of public affairs at CAA National says the national gas price average has dropped by about 30 cents since last month but the price has not fallen as low ... Read More »
1 responseSigns of continued stickiness in inflation helped lead to rate increase: BoC Deputy
By The Canadian Press on December 8th, 2022
MONTREAL – Bank of Canada Deputy Governor Sharon Kozicki says concerns around the stickiness of inflation helped push the bank to make its half percentage point increase Wednesday while noting it could be the last rate hike of the cycle. Speaking in Montreal before the Institut de développement urbain du Québec, Kozicki said history shows ... Read More »
1 responseCRTC refuses Telus request to add credit card processing fee to certain bills
By The Canadian Press on December 8th, 2022
OTTAWA – The CRTC has refused a request by Telus Corp. to add a credit card processing fee on certain services. The federal telecommunications regulator says the request applied to services that it regulates, generally home telephone services in certain smaller communities. Telus had asked the regulator to approve the fee for credit card payments ... Read More »
Be the first to comment!Trans Mountain Corp. fined for 2020 death of pipeline expansion worker
By The Canadian Press on December 8th, 2022
CALGARY – The Canada Energy Regulator has issued financial penalties against Trans Mountain Corp. related to the 2020 death of a worker. The regulator says the Crown corporation failed to take all reasonable care to ensure the safety and security of workers on the day of the incident. The incident occurred on Oct. 27, 2020, ... Read More »
Be the first to comment!Financial regulator raises stability buffer amid higher debt levels, systemic risks
By Ian Bickis, The Canadian Press on December 8th, 2022
TORONTO, Ohio – Canada’s financial regulator is raising the amount of capital major banks need to have on hand over concerns of high household debt levels and other elevated systemic vulnerabilities. The Office of the Superintendent of Financial Institutions said Thursday the domestic stability buffer will go up by half a percentage point to three ... Read More »
Be the first to comment!Cineplex opens first Junxion entertainment, gaming and dining complex in Winnipeg
By The Canadian Press on December 8th, 2022
Cineplex Inc. has opened the first of its new theatre, dining and entertainment complexes called Junxion. The Toronto-based theatre operator’s first location is at Kildonan Place, a Winnipeg mall that was home to a Famous Players cinema. The Junxion features six auditoriums with reclining seats, an arcade area with more than 50 games, a party ... Read More »
Be the first to comment!Financial regulator raises stability buffer amid heightened systemic risks
By The Canadian Press on December 8th, 2022
OTTAWA – Canada’s financial regulator is raising the amount of capital major banks need to have on hand over concerns of high household debt levels and other systemic vulnerabilities. The Office of the Superintendent of Financial Institutions says the domestic stability buffer will go up by half a percentage point to three per cent as ... Read More »
Be the first to comment!Budgeting for the first time amid soaring inflation? Here are some tips
By Rosa Saba, The Canadian Press on December 8th, 2022
Chris Melnyk described the initial onset of inflation on his finances as a challenge. But soon the Whitby, Ont.-based personal trainer was able to adjust his budget to account for the uptick in his expenses, and now he feels less stressed about the coming months. Over the years, Melnyk says he’s learned that instead of ... Read More »
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