Author: admin
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Where has rent spiked and where is it the cheapest in Canada? Here’s what StatCan data revealed
New data from Statistics Canada has revealed current average asking rents across the country’s metropolitan areas and, in good news for renters, prices have decreased in the first quarter of 2026. The Quarterly Rent Statistics program, which uses listings posted on major rental platforms for Canada’s census metropolitan areas (CMAs), revealed that the average asking…
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Bank of Canada holds interest rate at 2.25%
The Bank of Canada held its policy interest rate at 2.25 per cent Wednesday, its fifth consecutive pause. More to come … Ottawa’s budget watchdog predicts Bank of Canada will hike interest rate to 2.75% in 2027 Bank of Canada not ‘in a rush’ to rescue housing markets, says top strategist
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Posthaste: More Canadian businesses are falling behind on credit payments
Canadian businesses are increasingly falling behind on their credit payments even as they reduce their credit use. Canada’s national 60-plus day delinquency rate for financial trades — bank loans, credit cards and lines of credit — rose 11.37 per cent year over year in the first quarter, while the 60-plus day delinquency rate for industrial…
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Egg freezing is a booming business in Canada. Here’s how women are oversold on the likelihood of success
Fertility Inc. is a five-part series by the Investigative Journalism Bureau that delves into the Wild West of the egg-freezing industry, its aggressive marketing, the high cost and the chances of an eventual successful pregnancy. At age 29, Lianne Wing-Martins began thinking seriously about having a baby. She’d been hearing about egg freezing for years,…
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Citizen groups, farmers and MPs to protest Alto high-speed rail project on Parliament Hill
OTTAWA — Conservative and Bloc Québécois MPs will be alongside agricultural producers and citizen groups from Quebec and Ontario to oppose Alto’s high-speed rail project. The demonstration is expected to rally hundreds of people on Parliament Hill around noon. A press release from l’Union des producteurs agricoles, a trade union representing agricultural workers in Quebec,…
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Australia police investigating severe assault on Canadian man in popular tourist town
Australian police are investigating a severe assault on a Canadian man in Byron Bay. Late Sunday local time, a police patrol car was flagged down by a 28-year-old man in the coastal town on Australia’s southeastern coast, when he reported being attacked, according to a statement from police . Police were told by the man…
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Carney government extends amnesty covering banned firearms until after Supreme Court ruling
OTTAWA — The federal government is extending the amnesty period shielding firearms owners from liability for possessing guns that the Liberals have banned until 90 days after a Supreme Court ruling on the ban, which it expects next year. The amnesty order, set to expire on Oct. 30, applies to owners of the roughly 2,500…
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Google’s backstops underpin US$35 billion chip deal for Anthropic
Google was one of Anthropic PBC’s earliest investors, repeatedly buying equity in the artificial intelligence firm. Now it’s increasingly backstopping the financing that underpins data centres for the startup, underscoring the complex business ties among the handful of largest tech companies pouring money into AI. Anthropic, the creator of Claude, is leasing powerful computer chips…
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Bombardier to invest US$78 million expanding Singapore service hub as record private-jet orders pile up
Bombardier Inc. will invest around S$100 million (US$78 million) to expand its Singapore maintenance and service hub to support an anticipated increase in the number of next-generation business jets. The move by the Canadian maker of private planes including the Global and Challenger will create 200 skilled jobs at a new 250,000 square foot (23,200…
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Canadians can switch to cheaper phone and internet plans for free starting this week
A new ban on certain fees for phone and internet plans in Canada will come into effect on Friday, making it easier for consumers to switch providers or change plans without incurring extra costs. The changes to the Consumer Protections Action Plan were announced by the Canadian Radio-television and Telecommunications Commission (CRTC) in March and…