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Tag Archives: economy

Scotiabank beats profit estimates on interest income strength, BMO misses – National

Descrease article font size Increase article font size Canada’s Bank of Nova Scotia on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while Bank of Montreal (BMO) fell short of expectations due to bigger loan-loss provisions. A string of rate hikes by the Bank of …

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Private cannabis businesses worried B.C. government stores operating at a loss

B.C. cannabis retailers are worried that the provincial government’s cannabis stores are operating at a loss. The private industry said it is already facing several challenges in turning a profit, and competing with the B.C. government for customers is just another hurdle that is possibly holding them back. “When you …

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Limited exposure to U.S. commercial real estate giving Canadian bank investors hope. Why? – National

Limited exposure to U.S. commercial real estate (CRE) is giving shareholders hope that Canada’s big banks can weather the storm that has rocked rivals in the United States and Europe. However, investors will be on alert for signs of stress when Canada’s top six banks next week post first quarter …

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Here’s how much home you can get for $1M across Canada these days

Higher interest rates and resilient home prices mean most Canadians are getting less for their homes at the $1-million benchmark, according to a new Royal LePage report. The analysis comes as would-be homebuyers continue to struggle with housing affordability, which market watchers say worsened again at the end of last …

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Quebec to table budget on March 12 amid warnings of larger deficit – Montreal

By Staff The Canadian Press Posted February 22, 2024 11:16 am 1 min read Descrease article font size Increase article font size The Quebec government will present a budget on March 12 that is expected to have a larger deficit than originally estimated. Quebec’s Finance Minister Eric Girard said Thursday …

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Canada secures surrender of all oil and gas permits in Pacific offshore

Descrease article font size Increase article font size Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada CVX.N voluntarily relinquished 23 permits this month. Energy and Natural Resources Minister …

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‘No austerity,’ despite bigger deficit due to spending on Quebec teachers: Legault

Premier François Legault said Sunday the ramp-up in spending on education pledged by his government will go a long way to supporting Quebec’s teachers and students — and prompt a bigger budget deficit. At a news conference, Legault said agreements recently hammered out with unions will see the province “invest …

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Air Canada see 11% revenue increase amid resilient international demand

Descrease article font size Increase article font size Air Canada AC.TO lifted forecast for its 2024 core profit on Friday, as Canada’s largest carrier benefits from resilient demand for international travel. North American carriers with major international operations are benefiting from a rise in demand, as consumers choose to spend …

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New task force created to address Toronto’s traffic congestion woes – Toronto

Traffic in Toronto can feel like a nightmare for motorists, but a new task force is aiming to find solutions to the growing problem. “There’s a tipping point, and we’ve arrived at it, where people are so frustrated and it’s really starting to inhibit economic activity, business activity in the …

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