Business The Bank of Canada confirmed to CBC News it has shifted its focus away from the idea of introducing a digital Canadian dollar, which could be used for online purchases and money transfers. Central bank has researched a digital currency for several years The Bank of Canada says itContinue Reading
Business Rogers Communications has bought Bell out of its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors, for $4.7 billion. Companies jointly bought 75 per cent stake in 2012 Jenna Benchetrit · CBC News · Posted: Sep 18, 2024 8:37 AM EDTContinue Reading
Business Canada Mortgage and Housing Corp. says the annual pace of new home construction, known as housing starts, slowed 22 per cent in August compared with July. Over 217,000 units built in August, down from nearly 280,000 a month earlierThe Canadian Press · Posted: Sep 17, 2024 3:43 PM EDT | LastContinue Reading
Business Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid a growing backlash against how social media affects young people’s lives. New limitations on sensitive content, restrictions on private messages among the changesThe Associated Press · Posted: SepContinue Reading
Business Canada’s inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada’s target in its long campaign to cool price growth. Inflation rate reached 2 per cent in August, lowest rate since February 2021 Jenna Benchetrit · CBC News · Posted: Sep 17,Continue Reading
Business Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. About 33,000 machinists, factory workers began strike on FridayThe Associated Press · Posted: Sep 17, 2024 8:42 AM EDTContinue Reading
Business Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable. Government increasing cap on insured mortgages, expanding 30-year loans to more buyersThomson Reuters · Posted: Sep 16, 2024 11:30 AM EDT | Last Updated: September 17 AContinue Reading
Business Canadian home sales increased 1.3 per cent on a month-over-month basis in August, the Canadian Real Estate Association said on Monday. Number of newly listed properties ticked up 1.1% Jenna Benchetrit · CBC News · Posted: Sep 16, 2024 9:13 AM EDT | Last Updated: September 16 A soldContinue Reading
Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Parents outraged after girl, 14, forced off Porter Airlines flight Parents outraged after unaccompanied teen bumped from Porter flightThe family of a 14-year-old who was travelling aloneContinue Reading
Business Some of the headlines about electric vehicles lately might give the impression that the market is headed for a crash. But new data shows electric vehicle sales are still growing in Canada, and have hit a record high. Battery electric and plug-in hybrids climb to 12.9% of all newContinue Reading
