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Experts say provincial and federal governments in Canada need to do more to push against the wave of betting advertisements. The Canadian Centre on Substance Use and Addiction recently published a report, which pointed to an influx of betting ads, in particular for sports, which are becoming more and more …
Read More »Online Harms Act regulators will cost about $200 million over five years: PBO – National
The parliamentary budget officer estimates that staffing up the new regulators in the Liberals’ Online Harms Act will cost around $200 million over five years. The federal government wants to establish a Digital Safety Commission to regulate social-media companies and force them to limit harmful content online. If the government …
Read More »More WestJet flight cancellations as strike hits tens of thousands of travellers
WestJet has cancelled more than 800 flights, upending plans for thousands of passengers as an unexpected strike by aircraft maintenance engineers entered its third day on the busiest travel weekend of the season. Some 680 workers, whose daily inspections and repairs are essential to airline operations, walked off the job …
Read More »WestJet cancels flights as surprise strike begins on long weekend
WestJet says it’s cancelled at least 150 flights beginning Saturday after the union maintaining the airline’s planes announced it went on strike hours earlier. The Aircraft Mechanics Fraternal Association (AMFA) announced its members started to strike around 5:30 p.m. MDT Friday because the airline’s “unwillingness to negotiate with the union …
Read More »Inflation data coming with big implications for Bank of Canada. What to expect – National
The Bank of Canada will be scrutinizing May inflation figures this week as it gauges whether it can deliver back-to-back interest rate cuts. Statistics Canada is set to release the annual inflation rate for May on Tuesday. Inflation has consistently shown signs of cooling this year, last coming in at …
Read More »‘It’s crickets’: How sellers are getting creative in a slow housing market
A flood of listings in many Canadian housing markets is giving buyers who can qualify their pick of the litter and is forcing some sellers to get creative to land a deal. A glut of condos in Toronto, for example, means some sellers have to pull out unorthodox strategies to …
Read More »New report says 1 in 4 Canadians may be living in poverty – National
A new report from Food Banks Canada suggests the number of Canadians living in poverty may be higher than previously thought, with the organization estimating 25 per cent could fall under this category because they cannot afford two or more household essentials. The report, released Tuesday, introduced what the authors …
Read More »Shopping for a better savings rate? Where to look and what to consider – National
An interest rate cut from the Bank of Canada earlier this month marked the first signal that borrowing costs are heading down, but experts say the rates Canadians can expect on savings accounts are also at risk. The central bank’s policy rate, which now stands at 4.75 per cent after …
Read More »Capital gains changes set to be introduced Monday. Here’s what to expect – National
The Liberal government is set to introduce proposed changes to capital gains taxes in Canada. Finance Minister and Deputy Prime Minister Chrystia Freeland announced on Sunday that the long-awaited changes, which were originally part of the 2024 federal budget, would be coming Monday. The proposal, which has spurred a wave …
Read More »Manitoba man wins $100K windfall on scratch ticket – Winnipeg
A man from Narol, northeast of Winnipeg, is Manitoba’s latest lottery winner. The Western Canada Lottery Corporation announced Thursday that Ronald Bedard hit it big on a scratch ticket purchased at a Co-op in Winnipeg, winning $100,000. “My only reaction was shock and joy,” Bedard said in a release. “Nothing …
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