Housing Affordability Remains a Challenge: CMHC
Despite recent market improvements, a new CMHC report highlights persistent housing affordability issues across Canada, with high prices and interest rates continuing to strain buyers.
Category : Business
Canadian and U.S. Stock Markets Rally with Gains
The S&P/TSX composite index surged over 220 points, while U.S. stocks also advanced, reflecting positive market momentum amid economic developments.
Fire Destroys Home Under Construction in Central Edmonton
A structure fire broke out early Wednesday morning in the Spruce Avenue neighbourhood, destroying a home under construction and spreading to a neighbouring building. No injuries were reported.
U.S. Trade Rep Comments on Canada's Washington Visit
U.S. Trade Representative Jamieson Greer discusses Canada's diplomatic visit to Washington as trade tensions and tariff policies remain a focal point in bilateral relations.
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Wheel Detachment on Highway 11 Leads to Charges
A wheel detachment incident on Highway 11 in Northern Ontario has resulted in charges against a Winnipeg-based carrier and its driver, highlighting ongoing road safety concerns.
Trump to Raise Tariffs to 15%, U.S. Trade Rep Announces
U.S. Trade Representative Jamieson Greer announced President Trump will sign a directive raising global tariffs to 15% where appropriate, while seeking to honor existing trade agreements with major partners like the EU and UK.
Quebec Job Vacancies Drop 50% Since 2022
New data reveals a significant decline in job vacancies across Quebec, with numbers halving compared to 2022 levels, indicating major shifts in the provincial labor market and economic conditions.
Court Tariff Decision Offers Small Wins for Businesses
While ongoing worries about the Canada-U.S.-Mexico Agreement persist, Canadian businesses are cautiously celebrating a recent court decision that provides minor relief from Trump-era tariffs, offering a glimmer of hope in turbulent trade relations.
GO Bus Driver Charged in Guelph Crash
A GO Transit shuttle bus driver has been formally charged after a significant traffic collision occurred in Guelph. The incident is currently under investigation by local authorities.
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Regina Ends Coin Parking, Goes Digital-Only Downtown
The City of Regina is eliminating coin-operated parking meters downtown, transitioning to e-payment only via PayByPhone starting March 1, as part of budget 2026 measures to save costs.
Ottawa Council Orders O-Train Safety Audit
Ottawa City Council has directed OC Transpo to conduct a comprehensive safety audit addressing spalling problems in O-Train axle bearings that removed 41 trains from service, with findings due within four months.
NB Premier Holt Joins Carney on Trade Mission to India
New Brunswick Premier Susan Holt will accompany Prime Minister Mark Carney on a significant trade mission to India, aiming to strengthen economic ties and expand export opportunities for the province.
U.S. Fracking Firms Send Idle Equipment Abroad Amid Slowing Growth
American fracking companies are exporting millions of horsepower worth of idle equipment to international markets like Argentina and Australia as shale growth plateaus in Texas and New Mexico, potentially driving up future domestic costs.
Quebec's Caisse Posts 9.3% Return in 2025 Despite Challenges
The Caisse de dépôt et placement du Quebec reported a 9.3% return for 2025, with net assets reaching $517 billion, driven by strong equity markets and infrastructure investments despite geopolitical tensions.
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Regina Ends Coin Payments for Downtown Parking
Starting Sunday, Regina residents will no longer be able to use coins at downtown parking meters, marking a shift toward digital payment methods.
Quebec's Borrowing Costs Rise $100M Over 5 Years
Finance Minister Eric Girard warns that referendum speculation is already increasing Quebec's borrowing costs by $20 million annually, totaling $100 million over five years, as political uncertainty impacts provincial finances.
Imprisoned Sask. Woman Sues Over Unpaid House Fire Claim
Brittany Barry, serving six years for fatal impaired driving, and her husband are suing TD General Insurance for failing to cover costs from a 2024 house fire that destroyed their home.
Highway 652 Reopens After Chemical Spill Near Cochrane
Ontario Provincial Police confirm Highway 652 has reopened following a chemical spill investigation northeast of Cochrane. The incident caused significant road closures and safety concerns.
Bitcoin Jumps 5% to End Losing Streak Before Nvidia Results
Bitcoin climbed above $67,000, ending a three-session decline as risk sentiment improved. Nearly 45% of Bitcoin tokens remain underwater despite gains, with the broader crypto market down over 20% year-over-year.
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Saskatchewan Premier Seeks to Cut Tariffs, Expand India Exports
Premier Scott Moe outlines goals for his upcoming trip to India with Prime Minister Mark Carney, focusing on minimizing tariffs and expanding Saskatchewan's export market.
Truck Driver Charged for Parking in Live Highway Lane in Ontario
A commercial driver from the GTA, employed by an Alberta trucking firm, faces multiple charges after Ontario police found his vehicle stopped in a live lane on Highway 11 near Temagami, highlighting road safety risks.
Feds Buy Ottawa Office Building for $148.2 Million
Public Services and Procurement Canada confirms the purchase of 131 Queen Street from Morguard Corp., a major real estate transaction in the capital's core.
Winnipeg Considers Major Transit Route Changes in 2026
The City of Winnipeg is set to review significant public transit route modifications aimed at improving efficiency and service across the urban network.
Montreal Transit Union Returns to Conciliation with City
The union representing Montreal public transport maintenance workers has resumed conciliation talks with the city, aiming to resolve ongoing labor disputes that could impact transit services.
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Ottawa O-Train Safety Audit Approved but Delayed
A City Councillor urges Ottawa to audit safety issues on O-Train Line 1, with the audit approved but postponed until after full light rail service is restored.
Desjardins Expands Wealth and Capital Markets with $4B Capital
Quebec's Desjardins Group aims to expand across Canada, hiring staff and making deals in wealth management and capital markets, backed by over $4 billion in available capital.
Loblaw Q4 Revenue Rises 3.5% with E-commerce Surge
Loblaw Companies Ltd. reported a 3.5% increase in Q4 2025 revenue to $15.47 billion, driven by higher customer traffic and a nearly 20% jump in e-commerce sales.
Cargojet Earnings: Tariffs Dent Business, CEO Cites Dual Impact
Cargojet's latest financial results present a complex picture, with CEO Ajay Virmani highlighting how new tariffs are negatively affecting certain segments while other areas show resilience in the air cargo market.
BC Housing Drops Burnaby Supportive Housing After Protests
BC Housing has withdrawn a proposed supportive housing project in Burnaby after facing significant community backlash and protests, highlighting ongoing tensions over social housing developments in the region.
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Cannabis Retailer Buys Property, Awaits Dispensary Cap Decision
A cannabis retailer in Saskatoon has purchased a downtown property, hoping Prince Albert will raise its cap on dispensaries, signaling potential expansion in the local market.
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