Bank of Canada lowers qualifying rate used in mortgage stress tests
The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Study says rents in most cities are unaffordable for lower income earners
A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country’s rental market that also
Five Canadian business stories to watch this week
June’s inflation numbers are among the stories to keep an eye on this week in Canadian business
Bank of Canada holds interest rate, warns of drag from global trade tensions
The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with global trade conflicts
Five Canadian business stories to watch this week
Housing starts data, an interest rate announcement from the Bank of Canada and earnings from Couche-Tard are all slated for this coming week
Ontario commissioner recommends updating privacy laws to prepare for smart cities
Ontario’s information and privacy commissioner is calling on the provincial government to review and modernize its privacy laws to prepare for the ‘risks inherent’ with
Feds’ carbon pricing law constitutional, Ontario’s top court rules
The federal government’s carbon pricing scheme is constitutionally sound and has the critical purpose of fighting climate change, Ontario’s top court ruled in a split
Air Canada reaches deal for Transat, but shareholder approval up in the air
The board of directors of Transat AT Inc. has approved a $520-million takeover offer by Air Canada, a deal that faces legal and regulatory scrutiny
Bombardier to sell regional jet business to Mitsubishi as it narrows its focus
Bombardier Inc. has reached a deal to sell its floundering regional jet program to Mitsubishi Heavy Industries Ltd. for US$550M
Five Canadian business stories to watch this week
Earnings from BlackBerry and Farm Boy’s new parent company are due up this week in Canadian business
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