Conservative Leader Pierre Poilievre has demanded the federal government present a plan before Parliament to beef up border security as U.S. president-elect Donald Trump threatens to impose stiff tariffs on Canada. Poilievre says the plan should include measures to increase patrols and technology to crack down on illegal drug trafficking, as well as tightening visa...
Category: Business
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Cyber Monday delivering sales but some are expecting them to be down from last year
Canadians have flocked to malls and online stores for Black Friday, Cyber Monday and their surrounding sales period, but at least one tech firm found shopping activity is less fervent than last year. Salesforce estimated that online Black Friday sales were $309 million in Canada, down six per cent since last year. The software company...
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Banks head into Q4 with investors looking for better days ahead
The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease. But analysts say the banks will have to show there’s enough earnings growth ahead to justify current valuations that are on the high end of historic trends. “We believe that the...
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Work underway in Alberta town to restore one of last remaining Quonset-style theatres
COLEMAN, Alta. — The historic Roxy Theatre in southwestern Alberta’s Crowsnest Pass has seen better days. Its neon sign is in need of repair, the inside is bone-chillingly cold, and the heating, flooring, original 275 seats and insulation have been ripped out. What does remain is the two-storey entrance and lobby, complete with an art...
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‘Moana 2’ sails to a record $221 million opening as Hollywood celebrates a moviegoing feast
NEW YORK (AP) — Christmas came early at the box office this year. “Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas and...
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Looking for a new car? What you should know about leasing vs. owning
Leasing a car is a unique financial arrangement and while it has its perks, experts say it suits a fairly slim group of people. The biggest draw for leasing is lower payments, and on a shiny new car no less. This is usually what hooks drivers on a tight budget. “When it comes to leasing,...
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Unifor files for conciliation in contract talks with Canadian Pacific Kansas City
Unifor says it has filed for conciliation in its contract talks with railway company Canadian Pacific Kansas City (CPKC) Ltd. The union represents more than 1,200 workers at CPKC, including mechanics, labourers, diesel service attendants and mechanical support staff. Unifor says its negotiations with CPKC have reached an impasse over key issues. Unifor Local 101R...
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StatCan latest wealth survey shows stark disparity between homeowners, renters
Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families. The survey, conducted only every few years, shows families whose main earner was 55 to 64 and who owned their homed and had...
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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....