Category: Business

Flooding in the Fraser Valley, caused by overflow from the Nooksack River in Washington state, is expected to peak Friday, as residents wait to see the severity of the inundation. David Campbell with the B.C. River Forecast Centre says water levels across the border were already receding, but floodwaters the river is pouring north into...

Economists are expecting the annual inflation rate moved slightly higher in November. As of late-morning Friday, a Reuters poll of economists predicts headline inflation to come in at 2.3 per cent for the month, according to LSEG Data & Analytics. CIBC senior economist Andrew Grantham says he expects gasoline prices to be the main factor...

HALIFAX — The CEO of the Canadian Museum of Immigration in Halifax has stepped down after a federal investigation led to allegations Marie Chapman had bullied staff and created an environment of fear that left many employees emotionally damaged. The museum’s board of trustees issued a statement confirming Chapman had decided to retire earlier this...

TORONTO — Today is the last day to get a slice of the $500 million settlement in the class-action suit related to Loblaw Cos. Ltd. and its parent company George Weston Ltd., of alleged industry-wide price fixing of bread. Canadian shoppers who bought packaged bread between January 2001 and December 2021 can file a claim...

TORONTO — In the midst of the COVID-19 pandemic, the royal charter that created Canada’s oldest company was loaded onto a private plane in Toronto. Protected by a durable case that was not too hot, not too cold and sheltered from bright light, the 350-year-old document that birthed the Hudson’s Bay Co. made its way...

OTTAWA — Statistics Canada is set to release fresh employment figures for November this morning. A Reuters poll of economists expects the unemployment rate ticked up to seven per cent last month with a forecast loss of 5,000 jobs. Royal Bank is calling for the unemployment rate to hold steady at 6.9 per cent with...

OTTAWA — Statistics Canada is set to release fresh employment figures for November this morning. A Reuters poll of economists expects the unemployment rate ticked up to seven per cent last month with a forecast loss of 5,000 jobs. Royal Bank is calling for the unemployment rate to hold steady at 6.9 per cent with...

OTTAWA — Critics are questioning the solidity of Saab’s pitch to deliver 10,000 jobs in Canada if it decides to set up shop here to assemble Gripen fighter jets. The Swedish company has said little about how it came to that number, making it hard to evaluate the offer. Saab spokesperson Jenny Gerdes said the...

OTTAWA — Critics are questioning the solidity of Saab’s pitch to deliver 10,000 jobs in Canada if it decides to set up shop here to assemble Gripen fighter jets. The Swedish company has said little about how it came to that number, making it hard to evaluate the offer. Saab spokesperson Jenny Gerdes said the...

CALGARY — A wayward pilot whose actions forced officials to scramble four CF-18 Hornet fighter jets during the G7 leaders’ summit in Alberta earlier this year won’t be facing criminal charges. During the summit in June — which included leaders from Canada, the United States, France, Germany, Japan, the United Kingdom, Italy and the European...