The Canadian Press

Housing experts say prospective homebuyers hoping Wednesday's interest rate hike will cool the country’s heated real estate market will likely be disappointed.

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation, which is at its highest level since 1991.

Mask mandates remain in place in Ontario, but businesses like gyms, cinemas and restaurants no longer need to check patrons' vaccination status as of Tuesday. 

The country's hot housing market drove economic expansion last year as the economy grew 4.6 per cent in 2021, Statistics Canada said Tuesday.

Some establishments in Ontario will maintain proof-of-vaccine requirements even after the province ends its vaccine certificate system on Tuesday.

Canadian consumers are increasingly shopping at discount grocery chains, buying store-branded food and choosing less pricey pork or chicken rather than beef in an effort to save money amid soaring inflation, Loblaw Companies Ltd. said Thursday.

Canada's banking industry says it will follow through with the federal government's emergency orders targeting the trucker protesters as discussions on how best to implement them continue.

The federal government's move to use expanded financial powers to crack down on the trucker protests is being called a severe overreach by financial crime experts, while details remain scarce on how some of the directives will be implemented.

Statistics Canada says the annual pace of inflation topped five per cent for the first time in more than 30 years.

Ottawa-based company's stock fell to a low of $914 on the TSX as it announced it expects revenue growth for 2022 to be lower than the 57 per cent growth it achieved in 2021.