TORONTO — A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years. Scotiabank’s 2024 housing poll says the number of Canadians between 18 and 34 who own a home has...
Category: Business
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Testing rules out beef patties as the source of E. coli outbreak, McDonald’s says
LOS ANGELES (AP) — Testing has ruled out beef patties as the source of the outbreak of E. coli poisoning tied to McDonald’s Quarter Pounders, the company said Sunday. It will resume selling the Quarter Pounder in the coming week. The U.S. Food and Drug Administration continues to believe that slivered onions from a single...
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Monthly food bank use soars to record 2 million, driven by cost of groceries, housing
TORONTO — Canada’s reliance on food banks has soared to a grim new milestone, according to data from Food Banks Canada. The organization says it recorded more than two million visits in March 2024 – nearly double the monthly visits five years ago in March 2019, and six per cent above last year’s record-breaking figure....
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Canada on track to be world’s third-largest wheat exporter in ’24-25 crop year
Canada is on track to be the world’s third-largest wheat exporter for the second year in a row as crop production in the prairie provinces continues to increase. International data from the U.S. Department of Agriculture shows Canada overtaking Australia for the third-place spot in the 2023-2024 crop year, and predicts a similar ranking for...
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Poilievre promises to abolish federal sales tax on new homes under $1M
Conservative Leader Pierre Poilievre says if his party forms government, it will scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same. Poilievre made the case for the cut in a six-minute video published online, arguing governments are partly to blame for high home...
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Federal government posts $9.8-billion deficit for April-to-August period
The federal government’s deficit was $9.8 billion for the April-to-August period. The Finance Department’s latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier. Revenue for the period rose by $16.7 billion or 9.3 per cent compared with a year earlier due to increases in...
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Ready for liftoff: Why Canada’s telecom sector sees opportunity in satellite internet
TORONTO — When a severe tropical cyclone hit New Zealand in February 2023, it left thousands on the country’s North Island without internet or cellphone service for nearly a week, as major roads carrying vital fibre optic cables were washed out. Of residents who managed to retain an internet connection amid Cyclone Gabrielle, many relied...
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Amanda Todd’s family joins American parents in lawsuit against social media giants
WASHINGTON — When B.C. teenager Amanda Todd sat in front of her computer and detailed the relentless bullying and extortion she’d faced on social media, it sent a shock wave to parents around the world. Twelve years later her family is joining others in a lawsuit alleging those dangers persist for kids online. Only a...
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British chef Jamie Oliver urges followers to help solve the ‘grate cheese robbery’
LONDON (AP) — British chef Jamie Oliver is on the case of the stolen cheddar. Oliver, who rose to fame as “The Naked Chef” on TV by stripping food down to its essentials, got cheeky in an otherwise serious plea to his social media followers to help solve the mystery of the missing 22 metric...
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With listeria top of mind, manufacturers are upping testing protocols: food experts
From frozen waffles and pancakes to beef jelly tongue, recent listeria recalls may have consumers concerned that more of the bacteria is infiltrating the food chain, but experts say that’s not the case. Extensive testing at the manufacturing level and a keen awareness of the issue among consumers is more likely why it feels like...