Business
Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades
By The Canadian Press on January 26th, 2023
TORONTO – Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. (CMHC) said. In a report released Thursday, the federal housing agency said the average rent for a two-bedroom purpose-built apartment, which it uses as its representative ... Read More »
Be the first to comment!Chevron’s buyback boosts stock, get rebuke from White House
By The Associated Press on January 26th, 2023
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans. The company’s board also approved an increase of about 6% in its quarterly dividend, to $1.51 per share. Chevron Corp. said the buyback is effective on April 1, and ... Read More »
Be the first to comment!Latest Canfor restructuring affects nearly 500 mill workers in northern B.C.
By The Canadian Press on January 26th, 2023
VANCOUVER – Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it’s too early to estimate job losses in a second community as the forest products firm restructures its B.C. operations. Canfor announced Wednesday that it is permanently closing its sawmill and pellet plant ... Read More »
Be the first to comment!Vacancy rate for purpose-built rentals hits lowest level since 2001: CMHC
By The Canadian Press on January 26th, 2023
TORONTO – The Canada Mortgage and Housing Corp. says last year’s surging rental market left the country with the lowest vacancy rate for purpose-built rentals since 2001. The federal housing agency says the vacancy rate for such properties sat at 1.9 per cent last year, down from 3.8 per cent a year earlier. The fall ... Read More »
Be the first to comment!Manitoba sending second round of cheques to help with inflation
By The Canadian Press on January 26th, 2023
WINNIPEG – The Manitoba government is issuing a second round of cheques to help people deal with inflation. Everyone with a net family income of less than $175,000 last year will be eligible. Single people are to get $225 and couples will receive $375. Premier Heather Stefanson says the money will help people make ends ... Read More »
Be the first to comment!Vacancy rate for purpose-built rentals hits lowest level since 2021: CMHC
By The Canadian Press on January 26th, 2023
TORONTO – The Canada Mortgage and Housing Corp. says last year’s surging rental market left the country with the lowest vacancy rate for purpose-built rentals since 2001. The federal housing agency says the vacancy rate for such properties sat at 1.9 per cent last year, down from 3.8 per cent a year earlier. The fall ... Read More »
Be the first to comment!Via Rail tells MPs passengers stuck on train for 18 hours in ‘unique’ situation
By Stephanie Taylor, The Canadian Press on January 26th, 2023
OTTAWA – The CEO of Via Rail says the Crown corporation “will not shy away from our responsibilities” after passengers found themselves stranded on trains for hours over the holidays. Martin Landry, the railway’s interim president, told a parliamentary committee today that Via fell short on communicating with passengers who experienced widespread delays between Dec. ... Read More »
Be the first to comment!Statistics Canada says job vacancies down 2.4 per cent in November
By The Canadian Press on January 26th, 2023
OTTAWA – Statistics Canada says the number of job vacancies fell by 2.4 per cent in November to their lowest level since August 2021. The agency says the number of job vacancies across all sectors was down 20,700 at 850,300 for the month. The job vacancy rate – which measures the number of vacant positions ... Read More »
Be the first to comment!Home Depot gave personal data to Meta without valid customer consent: watchdog
By The Canadian Press on January 26th, 2023
OTTAWA – The federal privacy watchdog says Home Depot shared details from electronic receipts with Meta, which operates the Facebook social media platform, without the knowledge or consent of customers. In a report today, privacy commissioner Philippe Dufresne says the data included encoded email addresses and in-store purchase information. The commissioner’s investigation found that the ... Read More »
Be the first to comment!Imperial Oil gives OK to $720M renewable diesel project near Edmonton
By The Canadian Press on January 26th, 2023
CALGARY – Imperial Oil Ltd. says it is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton. The project, first announced in August 2021, is expected to produce 20,000 barrels per day of renewable diesel once it is complete. The company says a significant portion of ... Read More »
Be the first to comment!National Bank makes senior exec changes with wealth management head set to retire
By The Canadian Press on January 26th, 2023
MONTREAL – National Bank of Canada says the head of its wealth management business is retiring. The bank says Martin Gagnon, executive vice-president, wealth management, as well as co-chief executive of National Bank Financial, will step down on April 1. Until Gagnon’s successor is named, National Bank says Denis Girouard, executive vice-president and co-head, financial ... Read More »
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