Business Council Of Canada Urges Political Leaders Not To Make Election About Immigration
OTTAWA — Big business leaders worried about Canada’s aging demographics have been urging political parties to avoid inflaming the immigration debate ahead of this fall’s federal election. The head of the lobby group representing chief executives of Canada’s largest corporations…
Statistics Canada’s Rental Housing Measure Is Now A Vertical Line Upwards
For those of you who’ve given up on ever buying a home, we’ve got more bad news: Canadian rents have been rising at their fastest pace in decades, pushing up the cost of living at a time when households are…
Household Debt Leaves Canadians 'Maxed Out' With No Plan For Repayment: Survey
If you’re wondering why the Bank of Canada has all but shelved plans to keep raising interest rates, look no further than the financial state of Canadian households. Nearly half of them — 48 per cent — say they would…
Streaming In Canada Will Overtake Cable, Satellite Next Year: Report
TORONTO — The number of Canadian households paying for at least one streaming video service will eclipse traditional TV subscribers for the first time next year, predicts an annual report on consumer habits. Convergence Research Group says the growing popularity…
Canadian Universities Need To Lead The Charge On Climate Action
By Sofia Descalzi, Newfoundland and Labrador representative, Canadian Federation of Students Climate justice activists keep telling us that we must all come together to solve the current climate crisis, and they’re right. However, governments everywhere are failing to rise to…
Housing Wealth Makes Immigrants Richer Than Canadian-Born Families: Statistics Canada
Canada’s immigrants are all about real estate, and that means newcomers to the country are carrying more debt than their Canadian-born counterparts. But the upside is that immigrant families have also accumulated more wealth, according to data released by Statistics…
Mortgage Stress Test Pushing Canadians Into Unregulated Lending: CIBC
Ottawa’s new mortgage stress tests accounted for at least half of the decline in new mortgages started last year, according to a new report by CIBC that calls for the measure to be revisited amid a falling housing market. “You…
French Billionaires Fall Over Each Other To Pay For Notre Dame Rebuild
PARIS — Two of France’s richest men, long locked in a very public rivalry, are once again pitted against each other — this time over flashy and competing donations to rebuild Notre Dame. Billionaire luxury tycoons — Bernard Arnault, 70,…
Canada Post Expects Losses Despite Parcel Delivery Boom
OTTAWA — Parcel delivery is booming, but Canada Post says it will struggle to meet its government-mandated goal of self-sustainability in coming years due to an ongoing decline in letter mail, higher employee costs and billions in needed capital spending.…
Canadian Home Sales, Prices Fizzle In March, Adding Up To Another 'Disappointing' Month
OTTAWA — Home sales in March fell to their lowest level for the month since 2013, the Canadian Real Estate Association said Monday. The association said sales through the Multiple Listing Service fell 4.6 per cent compared with a year…