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Cayley Benjamin and her husband sought fertility treatment after many months of trying to have another child — one of the many Canadians who turn to medical help, but increasingly struggle with the costs. “We were able to conceive and I had a miscarriage just over two years ago,” she …
Read More »2 years in, has the Bank of Canada’s historic rate hike campaign done the job? – National
It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history in a bid to tame rampant inflation, and the Canadian economy looks vastly different. As the Bank of Canada delivered the first of what would be 10 interest rate hikes …
Read More »Did Canada avoid a technical recession? StatCan to release Q4 report – National
By Staff The Canadian Press Posted February 29, 2024 7:29 am 1 min read Descrease article font size Increase article font size Statistics Canada is set to release its fourth quarter gross domestic product report on Thursday. A preliminary estimate from the federal agency suggests real gross domestic product increased …
Read More »CIBC beats profit estimates, TD posts lower profit on loan loss provisions – National
Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, driven by gains in its domestic personal and business banking unit that offset a blow from higher provisions it set aside for potential bad debts. Although higher interest rates have slowed demand for bank loans, they have helped …
Read More »Gender pay gap double in private vs public sector, report says. Why? – National
The gender pay gap for female employees in Canada’s private sector is double that in the public sector, which is doing a better job of narrowing the wage inequalities, according to a report published Wednesday. The Canadian Centre for Policy Alternatives (CCPA) analyzed hourly pay rates in 2023 and to …
Read More »Some Canadians exploring ‘non-traditional’ ways to own a home. What are they? – National
Nearly a third of Canadians are considering buying a home with others, renting out a secondary unit and other “non-traditional” paths to ownership amid ongoing affordability barriers in the housing market, a new poll released Tuesday suggests. Re/Max Canada published the results of a poll conducted by Leger in late …
Read More »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 …
Read More »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 …
Read More »Millions of Toshiba adapters recalled in Canada, U.S. over fire hazard – National
Descrease article font size Increase article font size More than a million Toshiba adapters are being recalled across Canada because of fire and burn hazard risks. Health Canada flagged the massive recall Wednesday of nearly 1.3 million AC adapters that were imported by Toshiba Canada Ltd. The affected adapters were …
Read More »Ottawa mulling new ombudsperson to field concerns over online harms: source – National
The federal government’s evolving plan to help protect Canadians from harm online could include a new ombudsperson to field public concerns and a regulator that would oversee the conduct of internet platforms. The new positions would be established as a part of the forthcoming online-harms legislation, which the government is …
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