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Ottawa will revamp a Second World War-era housing plan to speed up the pace of home building in Canada, Housing Minister Sean Fraser says. Fraser on Tuesday confirmed Global News’ report from Monday that the federal government was dusting off a program nearly 80 years ago run by what was …
Read More »Food prices set to rise in 2024, report says. But more ‘good news’ than year prior – National
Canadians hoping for better food prices going into 2024 may not get their wish immediately, but as inflation cools, a new report suggests people could soon see some savings at the grocery store. The 2024 Food Price Report released by Canadian researchers Thursday estimates food prices will increase by 2.5 to …
Read More »S&P/TSX composite up in late morning trading, U.S. stock markets also edge higher
By Staff The Canadian Press Posted November 29, 2023 11:43 am Descrease article font size Increase article font size TORONTO — Strength in financial stocks helped Canada’s main stock index move up in late-morning trading, while U.S. stock markets also edged higher. The S&P/TSX composite index was up 40.36 points …
Read More »Foreign workers at subsidized EV battery plant a ‘slap in the face’: union
NextStar Energy Inc. says it expects upwards of 900 foreign workers to help build its heavily subsidized electric vehicle battery plant in Windsor, Ont. The head of Canada’s Building Trades Unions calls the move “a slap in the face” and an “insult to Canadian taxpayers.” The statement from the union …
Read More »Rogers Sugar strike shortage: the Grinch who could steal Christmas?
Cookies and milk for Santa go hand-in-hand with Christmas but a bitter sugar strike is taking some of the sweetness out of the holiday baking season. The ongoing Rogers Sugar strike in Vancouver is starting to hurt bakeries in Calgary, while some grocery stores are also being affected and prices …
Read More »Canadian cities warn fiscal update ‘does not reflect’ scale of housing need
The plan from Ottawa on housing in its fall economic statement “does not reflect” the scale of need to address the housing crisis, Canadian cities say. Scott Pearce, president of the Federation of Canadian Municipalities (FCM), said the federal government’s fiscal update takes “some steps to improve housing affordability,” but lacks …
Read More »Dodgy Toonies from Quanzhou: How CBSA says it nabbed man with 26,630 fake $2 coins from China
When the package from far away China landed at a FedEx warehouse at the sprawling Montreal-Mirabel International Airport in early January, Canada Border Services Agency officer Caroline Landry took a quick but careful look at the shipping label. The customs paperwork accompanying the package declared it contained 10,000 “metal badges” …
Read More »Loblaw, Metro report higher profits as grocery, pharmacy sales surge
Loblaw Cos. Ltd. reported its third-quarter profit and revenue rose compared with a year ago. The parent company of Loblaws and Shoppers Drug Mart reported a profit available to common shareholders of $621 million or $1.95 per diluted share for the 16-week period ended Oct. 7. The result compared with …
Read More »Grocer code of conduct could fuel food inflation, Loblaw argues – National
As the grocery code of conduct nears completion, the Canadian industry’s biggest player is raising concerns the guidelines could add fuel to the food inflation fire. Loblaw Companies Ltd. said it’s worried the code could “raise food prices for Canadians by more than $1 billion” in a letter sent to …
Read More »More Canadians doing holiday shopping sooner, searching for savings amid inflation – Winnipeg
More Canadians are shopping proactively this holiday season, searching for deals amid sky-high inflation and a high cost of living. That’s according to a recent holiday shopping survey by Leger and the Retail Council of Canada. “As we head into the traditional shopping season, what we’re seeing is customers shopping …
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