Weak Jobs Data Signals Need for Bank of Canada Rate Cuts
New payroll data reveals Canada's job market is weaker than believed, with 58,000 positions lost in September. Economist David Rosenberg says this cries out for more Bank of Canada rate cuts.
Category : Search result: Bank of Canada restructuring
Canadian Mortgage Rates Flat, No Big Moves Until 2026
Canadian mortgage rates remain stable with no significant changes expected until next year. Borrowers are favoring shorter-term fixed and variable rates. Get the latest rate updates and analysis.
Shopify lays off staff to keep team focused
Canadian e-commerce giant Shopify implements workforce reductions to maintain operational efficiency despite strong financial performance and revenue growth of 26%.
Guelph senior loses $15K in bank card scam
Guelph police issue urgent warning after senior loses nearly $15,000 in sophisticated bank card scam. Learn how to protect yourself from financial fraud.
Apple Cuts Sales Jobs in Rare Layoff
Apple Inc. has eliminated dozens of sales roles in a rare organizational layoff, streamlining its approach to business, education, and government clients.
UPEI food bank visits surge 60% as costs rise
University of Prince Edward Island campus food bank records dramatic 60% increase in student visits between 2022-2024 as living costs skyrocket. Learn how students are coping.
Canada Post reports $541M loss in third quarter
Canada Post faces unprecedented $541 million pre-tax loss in Q3 2025 amid declining mail volumes and rising costs. Learn what's behind the financial crisis.
Canadian Retail Sales Slow to Weakest Pace Since 2024
Canadian retail sales grew just 0.2% in Q3 2025, the weakest pace in over a year. Trade war and slowed population growth impact consumer spending ahead of holiday season.
Bell Canada Slashes Nearly 700 Management Jobs
Bell Canada parent company BCE Inc. eliminates nearly 700 positions in a 'difficult but necessary decision' to align with its strategic growth plan and cost-saving targets.
Bell Canada cuts 700 jobs in restructuring move
Bell Canada announces nearly 700 job cuts as part of strategic restructuring for sustainable growth. Details on the telecommunications giant's workforce reduction plan.
Variable-Rate Mortgage Savings May Be Ending
Markets now predict only 33% chance of another Bank of Canada rate cut in 2026 as bond yields spike. Learn how this affects mortgage rates and home affordability.
Verizon cutting 13,000 jobs in company reorientation
Verizon is eliminating more than 13,000 positions as the telecommunications giant works to reorient its entire business strategy. Get the latest details on this significant workforce reduction.
Target profit falls 19% amid inflation pressures
Target's third-quarter profit tumbles 19% as inflation-squeezed shoppers reduce spending. The retailer expects sales slump to continue through holiday season while investing $5B in store remodels.
Barrick Leadership Overhaul Amid Breakup Talk
Barrick Gold Corp. announces a major management overhaul, with senior executives departing, as activist investor Elliott builds a stake and speculation about a potential breakup grows.
Halifax charities face crisis as need rises, donations fall
Halifax charities like Parker Street Food and Furniture Bank are experiencing unprecedented demand while community donations decline. Learn how you can help support vulnerable neighbors.
Scotiabank executive reshuffle follows Canadian layoffs
Bank of Nova Scotia announces major executive changes, moving chief risk officer Phil Thomas to chief strategy role weeks after initiating Canadian layoffs.
Canacol Energy Seeks Court Protection from Creditors
Calgary-based Canacol Energy Ltd. has obtained court protection from creditors as it pursues financial restructuring. The company filed under the Companies' Creditors Arrangement Act on November 18, 2025.
Laurentian University implements 81% of AG reforms
Laurentian University has implemented or is working on 81% of Auditor General recommendations two years after emerging from CCAA protection. Read about the progress.
Canada's Inflation at 2.2%, Rate Hold Expected
Canada's inflation rate fell to 2.2% in October, nearing the Bank of Canada's target. Economists predict the central bank will hold interest rates steady at its December meeting.
Canada's inflation rate slows to 2.2% in October
Canada's inflation rate fell to 2.2% in October, driven by a sharp drop in gas prices. However, core inflation measures remain elevated, a key concern for the Bank of Canada.
Ottawa police seek downtown bank robbery suspect
Ottawa police are asking for public help to identify a man suspected of robbing a bank on Laurier Avenue West on October 28, 2025. Authorities have released details about the investigation.
TVA Group axes 87 television jobs in Montreal
Quebecor's TVA Group eliminates 87 television positions in Montreal due to financial challenges. Learn about the media industry restructuring and its impact.
Baytex Energy sells Eagle Ford operations for $3.25B
Calgary's Baytex Energy is divesting its U.S. Eagle Ford operations in a major $3.25 billion deal, reshaping its North American portfolio. Discover the strategic implications for Canada's energy sector.
CAE posts $110.6M loss, announces major restructuring
Montreal's CAE Inc. reports a $110.6 million quarterly loss and unveils a $100 million restructuring plan focused on streamlining operations and leadership under new CEO.
Calian Group to Sell Assets After Shareholder Deal
Calian Group announces strategic changes including divesting non-core assets after reaching agreement with key shareholder. Learn how this restructuring will impact Canada's defense and tech sectors.
Edmonton Veterans Food Bank Needs Donations Now
Edmonton's Veterans Association Food Bank faces critical shortages as winter approaches. Warehouse manager Ted Lewis appeals for community support to help veterans in need. Donate today!
Canada Post Submits Overhaul Plan to Government
Canada Post has submitted a comprehensive restructuring plan to the federal government to address financial challenges and modernize postal services across the country.
Linamar CEO: Public Sector Hurting Canada Productivity
Linamar CEO Linda Hasenfratz reveals public sector productivity has been flat for 25 years while business sector grew 50%. Learn why Canada trails the US in productivity.
Canada's October Jobs Report: Key Economic Insights
Statistics Canada releases crucial October employment data that could shape economic policy and interest rate decisions. Get the latest on unemployment rates, job creation trends, and what it means for Canadian households.
Carney's PM ambitions: Why China would be pleased
Former Bank of Canada governor Mark Carney's rumoured political ambitions are raising eyebrows as analysts suggest China would enthusiastically support his rise to power, creating potential foreign policy complications for Canada.
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