FIFA World Cup to Cost Canada Over $1B in Public Funds
A budget watchdog reports that hosting the FIFA World Cup will require more than $1 billion in Canadian public funding, raising concerns about fiscal impact.
Category : Green Economy
Leafs shake up assistant GM roles under new GM Chayka
Toronto Maple Leafs part ways with assistant GMs Brandon Pridham and Derek Clancey as new GM John Chayka restructures front office.
Economists Predict Inflation Topped 3% in April
Economists expect Canada's inflation rate to have exceeded 3% in April, driven by soaring gas prices. The data release could influence Bank of Canada policy.
Florida AG Subpoenas NFL Over Rooney Rule
Florida's attorney general issued an investigative subpoena to the NFL regarding the Rooney Rule, which requires teams to interview minority candidates for head coaching and senior operations jobs.
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Foresight Canada Names Top Cleantech Leaders at Web Summit
Foresight Canada announced the winners of the inaugural Canadian Cleantech Awards at Web Summit Vancouver's Climate Innovation Zone, recognizing leaders in sustainable technology.
Canada, Alberta Invest $323M in Affordable Housing
The federal and Alberta governments commit $323 million toward 41 affordable housing projects across the province, aiming to address housing shortages.
Lay's Bacon Poutine Chips for Canada at FIFA World Cup
Lay's introduces four limited-edition potato chip flavours for the FIFA World Cup, including Canada's bacon poutine, France's cheese soufflé, Argentina's steak & chimichurri, and the UK's cheese & onion.
B.C. Uses World Cup to Attract Qatar and Global Investment
British Columbia aims to leverage the World Cup for a billion-dollar economic boost and international investment, with final cost update expected soon.
Billions could be added to Canada's GDP if winery barriers addressed
A new report says addressing trade barriers, taxes, and regulations could add billions to Canada's GDP and boost the wine sector.
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World Cup Economic Impact on Vancouver and Toronto May Stay Unknown
The true economic impact of the FIFA World Cup on Vancouver and Toronto may never be fully known due to lack of comprehensive data and methodology.
Energy Secretary Backtracks on Gas Price Predictions
Energy Secretary Chris Wright avoids predicting gas prices after earlier forecast of under $3. Gas hits $4.52, with $5 possible as war continues.
Windsor-Essex Unemployment Dips as Labour Market Softens
Windsor-Essex sees unemployment dip despite a softening labour market. Local economic indicators show mixed signals as job numbers fluctuate.
RCMP Cannabis Raids Won't Hinder N.B. First Nations Talks
RCMP raids on cannabis stores in New Brunswick won't disrupt discussions between the province and First Nations about legal pot sales, officials say.
US employers add 115,000 jobs in April despite Iran war shock
U.S. employers added a surprisingly strong 115,000 jobs in April, defying economic shock from the Iran war. The labor market shows resilience amid global tensions.
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Vermont Leaders Work to Repair Ties With Canada as Tourism Drops
As Canadian tourism declines, Vermont officials are working to repair cross-border relations, aiming to revive the vital tourism sector that supports local economies.
Young Canadians Leaving Atlantic Canada Again After COVID Pause
Atlantic Canada lost 1,203 young working-age residents in 2024, resuming a pre-COVID trend of out-migration that could hurt the region's economy.
London Mayor: Federal Tariff Relief to Boost SW Ontario Industries
London Mayor Morgan says federal tariff announcement will aid hard-hit industries in southwestern Ontario, aiming to bring jobs and economic relief to the region.
GLP-1 Drugs Reshape Canada's Food Industry
GLP-1 drugs like Ozempic are cutting food demand by $3.4 billion, reshaping Canada's agri-food sector as generic versions lower prices.
Factory Rebound May Be Head Fake as Tariffs Hurt Canada
Canada's GDP grew 0.2% in February, but economists warn of a stall in March due to tariffs, keeping the Bank of Canada on hold.
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Ottawa Lifts Open Fire Burn Ban After Rainfall
Ottawa Fire Services has lifted the open fire ban after rainfall helped reduce fire risk. The ban was imposed following 24 brush fires and 21 complaints since last weekend.
McHugh Bluffs Step Climb Raises Funds for Homelessness
Hundreds of Calgarians climbed steps at McHugh Bluffs on Sunday to raise funds to help end homelessness in the city.
Canada Faces Entrepreneurial Drought, CFIB Warns
Two CFIB reports reveal Canada's entrepreneurial drought with start-up rates at historic lows, threatening innovation and competitiveness. Crime also plagues small businesses.
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