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Metro, Sobeys among companies called out for not doing enough to reduce harmful chemicals

Thu, 04/08/2021 - 17:46

Some major names in Canadian retail, including Metro, Sobeys and the parent company of Tim Hortons, have received a failing grade in one environmental group's report card ranking businesses on their commitment to reduce certain chemicals and plastics in the products and packaging they carry.

Why don't we live together? Alternative housing in a hot real estate market

Thu, 04/08/2021 - 14:08

Many people are priced out of Canada's urban housing markets. Others are disenchanted with the four walls of the single family home. From a San Francisco commune network, to co-living communities in Berlin, advocates say there are benefits to sharing domestic space.

Bank regulator raises mortgage stress test level, making it harder to qualify for home loan

Thu, 04/08/2021 - 12:13

Canada's top banking regulator is raising the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home loan, shrinking the pool of qualified borrowers and ultimately bringing down house prices.

Facebook downplays 'old' breach exposing info on 533 million users

Wed, 04/07/2021 - 08:26

Facebook is downplaying the significance of a data breach that saw the personal information of 533 million of its users accessed online, saying the information is old and the vulnerability that was exploited was closed almost two years ago.

Why 2021 could be another 'gangbusters' summer for Canadian road trip vacations

Wed, 04/07/2021 - 01:00

Highways could be flooded with vehicles this summer as people hit the road to escape their homes and look for a change of scenery during the pandemic, experts say, regardless of prices at the pump.

Is now the time to make global corporations pay their fair share?

Wed, 04/07/2021 - 01:00

As you do your taxes, do you wonder why global companies don't pay more? So far, the long battle to make corporations pay their fair share of taxes has failed due to a lack of political will. COVID-19 could change that.

Canadian company that developed rapid COVID-19 testing device files for creditor protection

Tue, 04/06/2021 - 11:17

An Ottawa-based company that developed a rapid COVID-19 testing device says it has filed for creditor protection after finding an undisclosed problem with the technology. 

Cenovus pumps the brakes on plans to sell off Husky gas stations

Tue, 04/06/2021 - 10:03

The CEO of Cenovus Energy Inc. says a pending sale of Husky Energy Inc.'s chain of retail fuel stations was halted as part of the $3.8-billion all-stock takeover that closed early this year.

Toronto home sales double from March pandemic low and average price rises to $1.1M

Tue, 04/06/2021 - 08:33

Home prices in the Toronto area continued to climb in March while sales were almost double that of March 2020, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.

Janet Yellen pitches raising corporate tax rate everywhere to wipe out evasion havens

Mon, 04/05/2021 - 09:10

U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration's proposed increase in the U.S. corporate tax rate.

Transat shares fall by 22% after Air Canada takeover deal falls apart

Mon, 04/05/2021 - 07:02

Transat AT shares plunged as much as 22.6 per cent in the first day of trading after Air Canada pulled the plug on its takeover of the Montreal-based tour operator over Europe's unwillingness to approve the deal.

GameStop shares sell off after company finally decides to cash in on frenzy and issue new stock

Mon, 04/05/2021 - 06:31

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

It's not just Toronto and Vancouver — Canada's housing bubble has gone national

Mon, 04/05/2021 - 01:00

Bidding wars and unconditional offers way above asking price used to only be a big-city phenomenon. But in the era of COVID-19, small towns across the country are getting caught up in the real estate frenzy.

Toronto mom spent her severance pay on car insurance, but ended up uninsured

Mon, 04/05/2021 - 01:00

What happens if you pay for car insurance through a broker, but then the insurance company behind the policy says you haven't paid? A Toronto woman contacted CBC's Go Public team to share her frustrating experience - and a warning to other consumers.

CRA has found 35 cases of tax dodging in the Panama Papers leak, 5 years later

Sat, 04/03/2021 - 07:24

Five years after one of the world's biggest leaks of financial records exposed the tax-haven dealings of politicians, athletes, celebrities and mobsters, the Canada Revenue Agency has found missing money in 35 of the hundreds of Canadian cases it has analyzed.

Air Canada-Transat merger is called off

Fri, 04/02/2021 - 10:32

Air Canada and Transat both released statements on Friday announcing the mutual termination of the $190 million deal.

Record-high lumber prices add as much as $30K to the cost of building a house

Fri, 04/02/2021 - 01:00

COVID-19 has wreaked havoc on just about every industry — sticking a wrench into the normal forces of supply and demand — and lumber is a prime example. A shortage is having a cascading impact on lumber yards, contractors and home builders.

Dollarama still bullish on expansion as profits slip amid pandemic

Wed, 03/31/2021 - 10:14

Dollarama Inc. remained bullish on the future of the discount chain in Canada even as its profits slipped amid higher costs and restrictions related to the pandemic in its latest quarter.

Canada's environmental workforce adds 34,600 jobs during pandemic: report

Wed, 03/31/2021 - 08:40

Canada's environmental workforce grew by five per cent in 2020 — adding nearly 35,000 net new jobs — even as the impact of the pandemic rattled the economy and labour markets, according to a new report.

Canada's economy grew 0.7% in January

Wed, 03/31/2021 - 06:21

Statistics Canada says the economy grew 0.7 per cent in January. It was the ninth consecutive monthly increase since the plunge in the economy last year due to the pandemic.


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