Canada Economy
Food prices set to rise another 5-7% in 2023: report
December 4, 2022: It is forecasted that food prices in Canada will climb by five to seven percent in 2023 after a record year of inflation. After a year that…
COVID ‘blank cheque’: Large corporations spent billions on dividends and share buybacks while receiving government wage subsidies
February 09, 2023, Toronto: Canadians For Tax Fairness (CTF) reveals that some…
Food prices set to rise another 5-7% in 2023: report
December 4, 2022: It is forecasted that food prices in Canada will…
Will the Bank of Canada raise its key interest rate again?
March 03, 2023, Ottawa: One year after the Bank of Canada's aggressive…
Ontario Government Introduces Legislation to Help Build More Homes Faster
November 27, 2022: Ontario’s Premier, Doug Ford, is introducing the More Homes…
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The Latest
Canada’s Federal budget 2023: key takeaways on climate, dental care and the deficit
March 29, 2023, Ottawa: The federal government unveiled its 2023 budget on Tuesday with promised climate, dental care spending, and…
Nordstrom closing its stores in Canada; it is not the first to wind up operations in Canada
March 03, 2023: Nordstrom announced on Thursday that it would close all its stores in Canada. This move comes as…
Will the Bank of Canada raise its key interest rate again?
March 03, 2023, Ottawa: One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the…
COVID ‘blank cheque’: Large corporations spent billions on dividends and share buybacks while receiving government wage subsidies
February 09, 2023, Toronto: Canadians For Tax Fairness (CTF) reveals that some of Canada’s biggest corporations received COVID wage subsidies…
One-third of households say they’re financially worse off compared to year-ago poll
February 07, 2023, Ottawa: A new poll finds one-third of Canadian households say their financial situation has worsened over the…
Investors own 36 percent of Toronto’s condos, new StatCan report
February 07, 2023, Toronto: Investors own 36 percent of the condos in Toronto, according to a new report published by…
Hundreds of thousands of jobs at risk if Bank of Canada raises key rate for eighth time – Economists warn
January 25, 2023, Ottawa: Another rate hike from the Bank of Canada this week risks pushing the Canadian economy into…
$27.4 billion in suspicious COVID-19 benefit payments need to be investigated by the Canada Revenue Agency – Auditor General
January 12, 2023, Ottawa: The auditor general in December 2022 said a “minimum” of $27.4 billion in suspicious COVID-19 benefit…
Mayor John Tory announced Toronto’s residential tax rate would rise by 5.5 percent
January 10, 2023: Toronto Mayor John Tory announced that the increase is below the rate of 6.6 percent. But I…
Canada signs C$19 bln deal for Lockheed’s F-35 fighter jets
January 9, 2023, Ottawa (Reuters): Canada finalized a deal to buy 88 F-35 fighter jets from U.S. defence company Lockheed…