Category: Business

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...

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,...

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...

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...

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....

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...

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...

OTTAWA — The Canadian Radio-television and Telecommunications Commission has granted Google a five-year exemption from the Online News Act, ordering it to release the $100 million it now owes to Canadian news outlets within 60 days. Google agreed last year to pay Canadian news publishers $100 million a year, indexed to inflation, in order to...

Artificial intelligence pioneer Geoffrey Hinton says it’s getting more difficult to tell videos, voices and images generated with the technology from material that’s real — but he has an idea to aid in the battle. The increased struggle has contributed to a shift in how the British-Canadian computer scientist and recent Nobel Prize recipient thinks...

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...