Statistics Canada said Tuesday the economy grew at a record annualized pace of 40.5 per cent in the third quarter as businesses came out of COVID-19... Read More
Business
Scotiabank CEO ‘cautiously optimistic’ about economic outlook despite profit drop to $1.9B
2 min read
Bank of Nova Scotia’s president and chief executive says he’s “cautiously optimistic” about the economy’s ability to bounce back from COVID-19 next year. Brian Porter... Read More
BMO Financial Group says it is winding down its non-Canadian investment and corporate banking business in the energy sector as the bank topped expectations with... Read More
Bank earnings this week should show if wave of expired mortgage deferrals are being paid back
5 min read
Monday’s fiscal update gave us a pretty good look at how much red ink has been spilled on the federal government’s finances — and just... Read More
Imperial Oil says it will write down between $900 million and $1.2 billion this quarter as it no longer plans to develop “a significant portion”... Read More
Families say valued possessions still missing years after bank emptied their safety deposit boxes
8 min read
If there’s one thing Sheila Levy-Bencheton took for granted, it’s that the safety deposit box her father rented from a big bank was secure. That’s... Read More
Consumer demand for credit intensified in the third quarter, driven chiefly by increases in mortgage balances and new auto loans, according to data released Monday... Read More
Finance Minister Chrystia Freeland unveiled her long-awaited fall economic statement today, updating the federal government’s fiscal strategy for coping with the ongoing COVID-19 pandemic and shaping the recovery. Today’s... Read More
Home prices are increasing in Canada’s cottage country as more buyers look to move there full-time, according to a report released Monday by Royal LePage.... Read More
Complaints about telecom firms fell 19% this year, but billing errors still a top beef, CCTS says
1 min read
Canada’s ombudsman for wireless, internet and TV services received fewer consumer complaints last year, but billing continued to be the top issue. The Commission for... Read More
