The Canadian Press

Home sales slow in October as many buyers have already ‘gone into hibernation’: CREA

Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

Bad Boy Furniture aiming to restructure business as it faces ‘challenging’ economy

Bad Boy Furniture Warehouse Ltd. is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act.

Canadians should plan for higher interest rates in the long run, BoC’s Rogers says

Bank of Canada senior deputy governor Carolyn Rogers is warning interest rates might not return to the low levels people were used to before the COVID-19 pandemic.

Investments in public transit, housing headline Ottawa’s draft budget for 2024

The City of Ottawa released its 2024 draft budget Wednesday, a proposed $4.6-billion operational portfolio that keeps property tax increases capped at 2.5 per cent for the second year in a row.

BoC’s governing council split on whether interest rates need to rise further

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further.

Small businesses still hoping for CEBA loan forgiveness extension as time runs out

As the deadline to repay CEBA loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.

Telecom companies discuss increased adoption of AI at annual conference

As Canada's telecom sector undergoes technological changes, artificial intelligence could be leveraged to predict and reduce network outages or change the way customer service is provided.

Canadian business insolvencies rise almost 42 per cent from last year

Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels.

Shopify reports strong profit amid lower head count, strategy shift

Shopify Inc.'s net income soared to US$718 million in its third quarter as the company benefited from a lower head count and a more careful approach to expenses.

Ontario scraps its portion of HST on purpose built rentals

The province has been saying it would remove its eight per cent portion of HST if the federal government dropped the five per cent goods and services tax on rental housing builds.

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