Money (Canada)

Canada Retail Sales Disappoint in September With Meager Gain

OTTAWA – Canadian retail sales edged upward in September but fell well short of market expectations, setting the stage for a significant slowdown in economic growth in the third quarter after a strong first half of the year.<p>The result is also expected to keep the Bank of Canada firmly on hold with …

Markets

Strong portfolio inflows into Canada bode well for sustained loonie rally

TORONTO — Strong inflows of foreign money into Canadian stocks and bonds this year are adding to investor confidence that the rally since May in the …

Canadian News

TSX slightly ahead in midafternoon trading; dollar up

The Toronto stock market’s S&P/TSX composite index was up 4.88 points to 16,081.53 in midafternoon trading Wednesday.<p>The Dow Jones industrial average …

Canadian News

5 strategies to navigate Black Friday like a pro this year (without blowing all your money)

Black Friday and Cyber Monday are coming up at the end of this week, and a huge number of Canadians are counting on them to do a considerable amount …

Shopping

Freedom Mobile to start offering iPhone X and iPhone 8 models

Freedom Mobile will begin taking orders for the Apple iPhone X and iPhone 8 models starting Friday, with the smartphones in its stores on Dec. …

Canadian News

Legal marijuana could see justice costs climb, not drop, Alberta premier says

Alberta’s premier says she’s worried that marijuana legalization could drive up policing and court bills her province cannot afford to pay.<p><b>READ MORE:</b> …

Canadian News

The average Canadian could save $360 more a month without noticing: CIBC

Canadians are about to head into the high spending season, with Black Friday and Cyber Monday just around the corner. But are they ready for it?<p>The …

Canadian News

Canadians can expect a tax hike as senior population grows: report

Canadian workers won’t be able to carry the financial burden of the country’s aging population, even if they stay in the workforce longer, according …

Canadian News

Canadian dollar strengthens against weaker greenback as oil rallies

The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices climbed and weaker-than-expected U.S. durable goods orders weighed on the greenback.<p>The price of U.S. crude oil reached $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude …

Economy

CRA call centre only picks up the phone one third of the time: Auditor General

Canadians with tax questions are more likely to get a busy signal than talk to a tax agent when they call the Canada Revenue Agency, a new report …

Canadian News

BRIEF-Bank of Canada to auction C$2.8 bln of 12-day T-bills on Nov. 23

Nov 22 (Reuters) -<p>* Bank of Canada to auction C$2.8 billion of 12-day T-bills on Nov. 23

Auctions

Rapid Fire: Global Stock Market Opportunities (And What To Do About The Canadian Dollar)

Investing abroad may prove beneficial to Canadian investors over the next few months. Kurt explains why and considers the question of whether to …

Business

NAFTA stalemate looming over U.S. auto parts demands

Negotiators from the United States, Mexico and Canada squared off on Tuesday for the last time in a fifth round of talks to rework the North American …

Canadian News

Royal Bank of Canada joins list of globally important banks

TORONTO, Nov 21 (Reuters) - Royal Bank of Canada RY.TO has joined a list of lenders deemed important to the stability of the world's financial …

Bay Street

Huge gains, few risks: Report slams Canada’s CEO pay model

The typical Canadian CEO makes $8 million a year, 140 times the average private-sector salary, according to new research by the Montreal-based …

Canadian News

$150 million dollars in unclaimed cash is up for grabs in B.C.

The B.C. Unclaimed Property Society (BCUPS) says it has $150 million dollars waiting to be claimed by B.C. residents. The money comes from unclaimed …

Bank of Canada

BRIEF-Distinct Infrastructure Group acquires Crown Utilities

Nov 21 (Reuters) - Distinct Infrastructure Group Inc DUG.V<p>* Distinct Infrastructure Group acquires Crown Utilities, increases RBC facility to $50m …

Utilities

NAFTA deadlock: Canada blames the U.S., the U.S. blames Canada and Mexico

MEXICO CITY – Another round of NAFTA talks wrapped up with all key issues still deadlocked Tuesday as negotiators prepared to leave Mexico City with …

Canadian News

NAFTA negotiations will head to Montreal

MEXICO CITY – The NAFTA negotiations are moving to non-capital cities for their first meeting outside of Washington, Mexico City and Ottawa.<p>The …

Canadian News

U.S. will sue to prevent AT&T-Time Warner merger

WASHINGTON – The U.S. Department of Justice will file a lawsuit later on Monday to block AT&T Inc‘s $85.4 billion acquisition of Time Warner Inc, a …

World News

Child poverty up in Canada since 1989, new research finds

Nearly one in five, or 17.4 per cent, of children in Canada were living in poverty in 2015, according to the latest annual report by Campaign 2000, …

Canadian News

The Coming Economic Downturn In Canada

Canadian GDP growth has outperformed this year, helping the Canadian dollar.<p>As GDP growth slows and the Bank of Canada turns neutral, catalysts …

Business

CANADA FX DEBT-C$ dips as oil falls, investors weigh NAFTA talks

* Canadian dollar at C$1.2776, or 78.27 U.S. cents<p>* Oil falls 0.76 percent<p>* Bond prices lower across the yield curve<p>TORONTO, Nov 20 (Reuters) - The …

Oil

Not just Black Friday and Cyber Monday: The best days to save on gifts this holiday season

The biggest holiday shopping weekend of the year is but a week away. But what if you’re not prepared to battle hoards that will swarm the stores on …

Shopping

Just months away, here’s how pot legalization is shaping up in Canada

Recreational marijuana is on track to be legalized in Canada by July 2018, making Canada the first Group of Seven country to allow the drug …

Cannabis

Giving home buyers incentives risks creating a house of horrors

There was fresh evidence this week that Canada's once-sizzling housing market is cooling, particularly in the Toronto area.<p>Prices across the country fell 1 per cent in October, and nearly 3 per cent in Toronto, according to the Teranet-National Bank of Canada composite price index. The annual pace …

Mortgages

Canada’s cooling inflation gives Bank of Canada luxury of time on raising rates

Canadian inflation eased for the first time in four months in October as gasoline prices fell and the economy showed few signs of price pressure, …

Economy

Why starting your home reno in November could save you lots of money

Spring is the time of year that most Canadians associate with home renovations. But in some cases, November might actually be a much better time to …

Canada

Bombardier to hire 1,000 workers in Montreal for Global 7000 business jet

Bombardier (TSX:BBD.B) confirmed Friday morning that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business</b> …

Canadian News

BUSINESS REPORT – The loonie is falling again

The Canadian dollar is on the run again as tepid inflation numbers have removed any possibility of a rate hike by the Bank of Canada for the rest of …

Economy