Surge in newcomers putting pressure on inflation via housing demand: BoC deputy
The recent surge in newcomers is adding to inflation through housing demand, warning rents and home prices could continue to rise without boosting housing supply,
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The Canadian Press
McDonald’s burger empire set for unprecedented growth over the next 4 years with 10,000 new stores
At an investor update Wednesday, the Chicago burger giant said it aims to have 50,000 restaurants in operation worldwide by the end of 2027. McDonald’s
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping
Weak economy looms over holiday shopping season as consumers seek value: retailers
Among the usual trappings are new factors that could shake up holiday shopping, the busiest season of the year: inflation, and the high interest rates
Ottawa Mastermind stores to stay open as group led by Joe Mimran snaps up retailer
Ailing toy retailer Mastermind GP Inc. says it has reached a deal to sell the bulk of its business to a company representing three big
Short-term rentals have ‘significantly impacted’ housing affordability: Desjardins
A Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.
Ontario real estate law update with open bidding option enters into force
New Ontario real estate laws are meant to provide more clarity and choice for buyers and sellers, though they don’t go as far as some
Deals to sell BioSteel assets result in $30.4M in aggregate gross proceeds: Canopy
Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million.
Region’s unemployment rate falls to 4.6% in November as labour force shrinks
Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s
Canadian companies have been keen not to ignore AI’s capabilities as a technology that could disrupt their business or deliver efficiency and cost savings.
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