Canada & World

Business groups gave a mixed reaction to PM Justin Trudeau’s announcement Thursday that the initial repayment deadline for CEBA loans will be extended to Jan. 18, 2024. 

Canadians are still gung-ho for travel to sun-splashed resorts and European getaways, in spite of higher inflation and interest rates, says Transat AT CEO.

PM Justin Trudeau will announce Thursday the removal of the GST on construction of new rental apartment buildings, according to a senior government source.

Canada will be short about 3.5 million homes by the end of the decade compared with what's needed to restore affordability, per CMHC.

Though Canadian flights have long been dominated by Air Canada and WestJet, the emergence of newer carriers including Flair Airlines and Lynx Air has shaken up the sector, injecting fresh competition to a once-complacent market.

The ramp-up comes three-and-a-half years after the pandemic brought some operations to a screeching halt, when Via Rail suspended its cross-Canada routes and temporarily laid off more than 1,000 workers.

One Bay Street economist says it's unlikely the housing market will flare up, despite the Bank of Canada's decision to keep its key interest rate on hold on Wednesday.

Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.

Hudson’s Bay is expanding its Zellers brand to even more of its department stores, with pop-ups set to open within all Hudson's Bay stores that do not yet feature the discount chain.

The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter.