Author: admin
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Retail sales rise but energy price shock is set to squeeze consumers
Retail sales inched up 1.1 per cent to $70.7 billion in January, according to the latest retail trade report from Statistics Canada. These figures were softer than the agency’s advance estimate, “extending the seesaw pattern that’s been in place for a year,” Shelly Kaushik, senior economist at Bank of Montreal, said in a note. However,…
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Canada to allow smaller companies to report financials twice per year
Taking a cue from United States President Donald Trump, market regulators in Canada will allow smaller, publicly traded companies to report their financials twice a year instead of four times a year. The shift to semi-annual financial reporting from quarterly upends decades of practice in Canada and is intended to reduce costs and administrative burden…
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What’s with uncertainty around Leamington Flyers junior hockey team?
The team’s future in the town seems unclear after an arena booking conflict.
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Internet salutes Chuck Norris with their favourite jokes, memes and gifs
Tributes are pouring in after the loss of the internet’s favourite action star and martial arts wizard Chuck Norris. His decades-long career on television and the big screen made him an international sensation. But for many fans, he’s perhaps best known for inspiring endless memes. Many have taken to social media to look back at…
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B.C. premier faces pressure over proposed changes to landmark reconciliation framework law
The NDP government is meeting with First Nations groups over the changes it plans to make to the Declaration on the Rights of Indigenous Peoples Act, or DRIPA. Premier David Eby is facing pressure from Indigenous leaders to leave the law alone, and from Conservative politicians to scrap it entirely.
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Kraft Heinz to increase Canadian production with $250-million investment in Montreal factory
Kraft Heinz Canada says it’s going to spend $250 million on its factory in Montreal to increase homegrown manufacturing and production of its brands. The Canadian arm of the American multinational food company on Friday announced a $250-million investment into its factory in Montreal to increase its homegrown manufacturing and production of its brands. “(When…
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Scuba diver who died at Erieau’s marina was a Chatham man, 67, police say
Authorities said the diver was in the boating channel and didn’t resurface.
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Posthaste: Is the Bank of Canada at risk of letting inflation get the upper hand again?
The Bank of Canada could be at risk of letting inflation get ahead of it again, says Derek Holt, vice-president and head of capital markets economics at Bank of Nova Scotia . “The (Bank of Canada) is at risk of waiting until the cat is out of the bag on inflation risk. Again,” he said…
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TC Energy could be open to return to B.C. LNG pipeline project as global gas crunch threatens
Two years after exiting a key pipeline project tied to a proposed new liquefied natural gas terminal on British Columbia’s coast, TC Energy Corp. chief executive François Poirier says the company could be open to getting involved again. Poirier said recent geopolitical tensions in the Middle East have underscored the value of Canadian LNG ,…
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Ontario proposing cap on ticket resale prices at original value
The Ontario government is planning to outlaw sky-high ticket resale prices, according to a news release. The move comes years after the province scrapped part of an anti-scalping law in 2019.