News/Business (Page 58)

Business The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine print to find measures for young renters who can’t buy a home — or just don’t want to. BudgetContinue Reading

Business Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase, along with shelter costs such as mortgage interest rates and rent. Year-over-year inflation is up slightly but dropped when excluding gasoline prices Anis Heydari · CBC News ·Continue Reading

Business Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page. News is being replaced by memes, says media expertThomson Reuters · Posted: AprContinue Reading

Business Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles. Stock underperforming legacy automakers like Toyota, General MotorsThomson Reuters · Posted: Apr 15,Continue Reading

If you listen to Canadian politicians, the solution to our housing crisis seems to be some combination of immigration reform and a herculean countrywide building effort. But Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says theContinue Reading

Business Royal LePage is forecasting that the aggregate price of a home in Canada will increase 9 per cent in the fourth quarter of 2024, compared to the same period last year. At the same time, CREA said home sales activity edged up 0.5 per cent between February and March. RoyalContinue Reading

Business Loblaw announcing in January it would bring back 50 per cent discounts on perishable food, but some Real Canadian Superstore customers still feel shortchanged. That’s because the Loblaw-owned chain will continue to discount all food nearing its best-before date by 30 per cent. Loblaw says Real Canadian Superstores didn’tContinue Reading

Business Whistleblower faced retaliation after he identified engineering problems that affected the structural integrity of the company’s 787 and 777 jets, his attorneys said. Jetmaker has faced concerns since January mid-air panel blowout on a 737 MAX Boeing employees assemble 787s inside their main assembly building on their campus inContinue Reading

Business The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will be looking for signs that slowing inflation is sustained before moving on rate cuts. ‘We are seeing what we need to see, but we needContinue Reading