Author: admin

Government executives were paid $201.5 million in bonuses in 2025 despite “barely pass(ing) their own test,” according to Canadian Taxpayers Federation. The advocacy group obtained access to information records that showed the government handed out multiple bonuses, including a “bilingual bonus,” a “performance award” and “at risk pay,” among others, last year. Most government executives…

Canada’s dismal productivity that has significantly lagged other OECD countries over the past few decades is a common complaint, but fixing it won’t come cheap, according to a leading economist. Charles St-Arnaud, a former strategist at the Bank of Canada , says the main culprit for this underperformance has been a lack of investment in…

Loblaw Cos. Ltd. reported a total revenue of $15.27 billion in the second quarter, up 4.1 per cent from the same period last year. Its net earnings increased 5.2 per cent to $751 million in the quarter ended June 20, and diluted net earnings was up 8.5 per cent to $0.64 per share. On an…

A WestJet flight attendant strike at the peak of travel and tourist season is one step closer after the union representing the 4,400 workers issued its 72-hour strike notice early Thursday morning. Canadian Union of Public Employees 8125 said in a news release that the two sides are “still too far apart on some key…

Awareness of the latest U.S. tariff threat is high among Canadians, according to a new Leger poll, but only 50 per cent support some level of tariff response. Overall, 68 per cent of poll respondents are following Canada–U.S. trade developments closely, the new data suggest. More men (77 per cent) are doing so than women…

Walk into a Toronto bar on a Friday night and some of the drinks in people’s hands have no alcohol in them at all. The customers holding them are not sober, just pacing themselves. The industry calls it ‘zebra striping’, alternating alcoholic and non-alcoholic drinks during a night out. In Canada it has grown into…

A Newfoundland judge has convicted a butcher with theft and eight counts of fraud for putting deep discounts on meat for himself, his friends and fellow employees. Between March and May of last year, Jins Joseph was caught on surveillance cameras multiple times changing stickers on beef so it was labelled as cheaper cuts and…

WASHINGTON, D.C. — Canadian-made hockey sticks, liquor and cement share one unfortunate fate: they are among more than 500 products targeted by the White House with 50 per cent duties under Section 338 of the Tariff Act of 1930. The duties are set to go into effect — unless President Donald Trump changes his mind…

Bank of Montreal recently completed two significant risk transfers covering about US$5 billion of corporate loans , becoming the latest Canadian lender to tap strong investor demand for the instruments. The Montreal-headquartered bank completed an SRT linked to a US$2.5 billion portfolio of large corporate loans through its Muskoka issuance program, according to people familiar…

Federal Reserve officials left interest rates unchanged, but a fractured vote signalled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation. The Federal Open Market Committee voted 9-3 to hold the benchmark federal funds rate in a range of 3.5 per cent to 3.75 per cent. Dallas Fed President Lorie…