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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 …
Read More »Saskatoon police release photo of people of interest in December homicide – Saskatoon
Saskatoon police are looking to speak with two people in relation to a homicide investigation that began on Dec. 14, 2023. Investigators released a photo, saying both individuals were seen outside a business in the 2200 block of 22nd Street West on that day around 1:40 a.m. Officers say one …
Read More »Ontario public health units show interest and concern over plans to merge
Local councillors and mayors in Ontario are signalling an uneasy willingness to get behind a provincial push to merge some public health units as the Ford government rolls out aggressive timelines to get the process underway by early 2025. As many as nine groupings of public health units have suggested …
Read More »Interest rate cuts could come in spring this year, Deloitte says – National
By Staff The Canadian Press Posted January 4, 2024 8:24 am Descrease article font size Increase article font size Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring. The firm’s economic outlook report predicts …
Read More »Ottawa expects Canada to avoid recession, but interest rates could play spoiler – National
The Canadian economy is now expected to avoid a recession, according to the Liberal government’s fall economic statement, but the path for interest rates and inflation could put that forecast at risk. Ottawa’s fall fiscal update released Tuesday included revisions to the government’s economic forecasts, sourced from surveys of private …
Read More »As interest rate decision looms, here’s what to expect in the fall housing market – National
Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that home prices are expected to remain flat nationally from August …
Read More »FIFA women’s World Cup: Canadian interest higher than for men’s tournament, poll shows – National
As the Canadian women’s soccer team prepares for the start of the FIFA World Cup, there appears to be more interest and greater expectations placed on them prior to the event than were on the men last year, new polling shows. Team Canada, ranked seventh in the world, will play …
Read More »Rents dwarf minimum wage in every province. Rising interest rates aren’t helping – National
Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows. A Canadian Centre for Policy Alternatives (CCPA) analysis released Tuesday evaluates housing markets in Canada by “rental wage” — the …
Read More »High interest rates are slowing homebuilding, but the worst is yet to come – National
Homebuilding in Canada is slowing down just as policymakers are trying to pick up the pace. The rapid surge in interest rates over the last year is starting to throttle the pace of homebuilding, the Canada Mortgage and Housing Corp. (CMHC) warned in a new housing supply report Wednesday. As …
Read More »‘Beginning of a trend’: More Ontario municipalities show interest in 4-day work week
A growing number of rural municipalities in Ontario are expressing interest in implementing a four-day work week, a group that supports local governments says, as another community in the province begins offering the model to staff. The executive director of the Ontario Municipal Administrators’ Association said there are at least …
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