GTA Home Prices Fall Below $1M Amid Market Weakness
The average price of a home in the Greater Toronto Area dropped under $1 million last month, with the Toronto Regional Real Estate Board forecasting continued market softness ahead.
Category : Business
Services Sector Downturn Accelerates in Canada
Canada's services sector experienced a sharp contraction in January, with the Purchasing Managers' Index indicating a deepening downturn amid economic pressures.
Cambridge Won't Ask for LRT Investment Reimbursement
The City of Cambridge has decided not to request reimbursement for its financial contribution to the ION light rail transit system, a major regional infrastructure project.
GTA Home Sales and Prices to Remain Stable in 2026
The Toronto Regional Real Estate Board projects GTA home sales between 60,000-70,000 transactions and average prices of $1M-$1.03M in 2026, with affordability pressures continuing to shape the market.
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Washington Post Lays Off One-Third of Staff in Major Restructuring
The Washington Post is implementing significant workforce reductions, with one-third of its employees across all departments being laid off, as reported by The Associated Press in February 2026.
RBC Closing University of Ottawa Campus Branch
Royal Bank of Canada announces closure of its branch on University of Ottawa campus in February 2026, affecting students and staff banking services.
Teskey Named CEO of Brookfield Asset Management
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned leadership succession.
Teskey Takes Over as Brookfield Asset Management CEO
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned succession.
Chipotle, Mondelez Shares Slide on Weak Demand
Shares of Chipotle Mexican Grill and Mondelez International declined as both companies face challenges from softening consumer demand and increasing operational expenses, impacting their sales outlook.
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Nasdaq Fast Entry Rule Aims to Speed Up Large Listings
Nasdaq has proposed a new 'fast entry' rule designed to expedite the inclusion of significant new listings, potentially streamlining market access for major companies.
Walmart Reaches $1 Trillion Market Cap Milestone
Walmart Inc. has joined the exclusive $1 trillion market capitalization club, driven by technological investments and appeal to value-conscious shoppers across income levels.
Saskatchewan, Alberta Push Ottawa on Gopher Poison Approval
The provinces of Saskatchewan and Alberta are pressing the federal government to approve a poison for Richardson's ground squirrels after an initial rejection, citing agricultural damage.
GO Transit Schedule Extended After Derailment
GO Transit trains continue operating on reduced schedules as crews repair significant signal system damage from Monday's derailment near Union Station in Toronto.
Highway 400 Shut Down by Transport Truck Fire, Cleanup Ongoing
A significant transport truck fire forced the overnight closure of multiple lanes on Highway 400 near Barrie. Cleanup operations are continuing into Wednesday, causing traffic disruptions.
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BusinessATS Q3 Profit and Revenue Rise Year-Over-Year
BusinessATS announces third-quarter financial results showing growth in both profit and revenue compared to the previous year, highlighting robust performance in a dynamic market.
Globex Reports Additional High-Grade Gold in Quebec Drilling
Globex Mining Enterprises announces significant gold mineralization findings from Cartier Resources' drilling on Nordeau Royalty claims near Val d'Or, Quebec, expanding the North Contact Zone.
Developer Fights Foreclosure on Filipino Centre Property
Vancouver developer Tobi Reyes is fighting in court to prevent foreclosure on a Mount Pleasant property where he plans to build a Filipino cultural centre and hotel, despite owing over $45 million.
Strata Sections: When Separate Form F Certificates Are Needed
Tony Gioventu clarifies whether strata sections must issue separate Form F payment certificates during property sales, explaining legal requirements for mixed-use developments.
Gold Rebounds Above $5,000 After Historic Pullback
Gold prices climbed over 2.9% on Wednesday, rebounding above US$5,000 per ounce as dip buyers entered the market following a significant retreat from record highs. The precious metal remains up approximately 17% for the year despite recent volatility.
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Windsor Bridge Work Closes Rochester Townline Road for 6 Weeks
A major infrastructure project in Lakeshore will close a section of Rochester Townline Road for up to six weeks, starting soon. Detours are in place as crews replace the WindsorNewsBridge.
Montreal Blue-Collar Workers Strike, Essential Services Maintained
Approximately 6,000 blue-collar workers in Montreal have initiated a strike, while the city ensures essential services continue uninterrupted during the labor dispute.
London Mayor's Homebuyer Incentive Sparks Debate
A new financial incentive for homebuyers proposed by London's mayor has ignited debate at city hall, with critics questioning whether it will primarily benefit developers.
Ottawa Cancels Preston Street Plan for LeBreton Arena
Ottawa cancels Preston Street expansion to prioritize LeBreton Flats arena and subdivision development, reshaping urban planning and transportation infrastructure.
Ontario Housing Slowdown Becomes Economic Emergency
New data reveals Ontario's housing construction sector is facing unprecedented declines, threatening jobs, government revenue, and future housing supply across the province.
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Calgary Townhouse Fire Damages Centre Street Complex
A late-night blaze at a Centre Street North townhouse complex in Calgary required a substantial response from the Calgary Fire Department, resulting in considerable property damage.
Vitol Exec: LNG Market Stress from Higher Supply This Decade
A senior Vitol executive forecasts that increased LNG supply in the 2020s will pressure markets, amid Canada's energy sector developments and economic concerns.
Brookfield Reports $615M Q4 Profit, Raises Dividend
Brookfield Asset Management has announced a strong fourth-quarter profit of US$615 million and increased its dividend, reflecting robust performance in its global investment portfolio.
Trump Tariffs Likely to Continue Despite Supreme Court Case
Businesses anticipating relief from Trump's $181 billion tariff hike may face disappointment as administration officials prepare alternative methods to maintain import taxes regardless of Supreme Court ruling.
Suncor Posts Record Q4 Production, Adjusted Profit Dips
Calgary-based Suncor Energy achieved record production volumes in the fourth quarter of 2025, though its adjusted operating earnings saw a modest decline compared to previous periods.
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REV Exploration Enters US Market with Montana Acquisition
Vancouver-based REV Exploration Corp. announces a letter of intent to acquire oil and gas leasehold interests in Montana, expanding its North American energy portfolio.
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