Goeasy Shares Dive 39% as Auto Loan Troubles Surface
Canadian subprime lender Goeasy Ltd. suspended its dividend and withdrew its outlook after announcing a $233 million write-off on consumer loans, with shares plunging 39% in Toronto trading.
Category : Business
Tories Push Bill to Lift Canada Post Alcohol Shipping Ban
Conservative MP Dan Albas tables bill to allow Canada Post to deliver beer, wine and spirits across provinces, addressing trade barriers that hinder domestic sales.
Wasserman Agency Rebrands as THE TEAM Amid Epstein Fallout
Casey Wasserman's agency rebrands to THE TEAM after his risque emails to Ghislaine Maxwell surface, leading to client losses and calls for his resignation from LA Olympics role.
Trump Urges Oil Tankers to 'Show Guts' in Hormuz Strait
President Trump calls for oil tankers to navigate the Strait of Hormuz despite Iranian threats, as volatile oil prices surge and then plunge following his statements.
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SpaceX Weighs Nasdaq Listing After Index Entry Bid
Elon Musk's SpaceX is reportedly evaluating a potential Nasdaq listing following efforts to gain early entry into a major stock index, according to Reuters sources.
Woman Turns Herself in for Durham Multi-Million Dollar Fraud
Alexandra Noemi Ramos Bausero, 39, of Aurora, has surrendered to police, facing multiple theft and fraud charges linked to a years-long, multi-million dollar scheme in Durham Region.
Gas Prices to Drop in Toronto After Trump's Hormuz Comments
Energy expert Dan McTeague predicts gas prices in the Greater Toronto Area will fall by up to eight cents per litre on Thursday after U.S. President Donald Trump guaranteed oil shipments through the Strait of Hormuz.
Boeing: Wiring Flaws Could Delay 737 MAX Jet Deliveries
Boeing announces potential delays in first-quarter 737 MAX deliveries due to wiring flaws, impacting production and supply chain timelines.
Manitoba Business Warns of Counterfeit Cash After Fake $20 Bill
A Steinbach business is alerting others to stay vigilant after a customer attempted to use a counterfeit $20 bill, highlighting concerns over fake currency circulation in Manitoba.
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Ontario Pension Plan Posts 7.7% Net Return for 2025
The Healthcare of Ontario Pension Plan reported a robust net return of 7.7% for 2025, highlighting strong investment performance amid economic fluctuations.
Terrain Townhomes: Mountain Modern Living in Squamish
Polygon Homes' Terrain development in Squamish offers 127 contemporary townhomes designed with mountain modern architecture, attracting families and downsizers with spacious layouts and access to extensive trail networks.
Missing Gold Coins After Treasure Hunter's Prison Release
Tommy Thompson, the infamous 'Ship of Gold' treasure hunter, has been released from prison, but 500 gold coins from his historic find remain unaccounted for, leaving a lingering mystery in the world of maritime salvage.
Ontario Designer Creates Zuckerberg's $170M Miami Mega-Mansion
Ferris Rafauli, an Oakville-based designer, is behind Mark Zuckerberg's $170 million estate in Miami's exclusive Indian Creek Island, featuring luxury amenities and joining elite neighbors.
Ontario Budget March 26: Focus on Productivity, Competitiveness
Ontario Finance Minister Peter Bethlenfalvy announces the provincial budget will be tabled on March 26, 2026, with a strategic emphasis on enhancing productivity and economic competitiveness across the region.
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Oil Market Normalcy Elusive Despite Potential Iran War End
Even if the Iran conflict concludes swiftly, governments must prioritize supply security as the Strait of Hormuz disruption creates unprecedented energy market volatility with lasting implications.
Mystery Shipment of 600 Dips Hits Philly Mac and Cheese Shop
A small business in Philadelphia is baffled after 600 containers of French onion dip it never ordered appeared outside its storefront, sparking a mystery.
Ottawa Rent Increases Slightly After Two Months of Decline
After two consecutive months of declining rental prices, Ottawa's average rent experienced a modest uptick in February 2026, according to recent market data.
Canadian Travel to U.S. Down 30% Due to Trade Tensions
Statistics Canada reveals a sharp 30% decline in Canadian travel to the United States in February 2026 compared to pre-tariff levels, with data suggesting Canadians are opting for overseas destinations instead.
Alberta Seatbelt Fines to Rise by Nearly $50
Alberta announces significant increase in seatbelt violation fines as part of enhanced road safety measures, with penalties rising by nearly $50.
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Exxon Mobil Seeks Move from New Jersey to Texas
Exxon Mobil is pursuing a corporate relocation, abandoning its New Jersey incorporation to redomicile in Texas, marking a significant shift in its business registration.
Saskatchewan Farmers Get New Elk Damage Management Program
Saskatchewan farmers will soon have access to a new provincial program designed to help manage elk populations causing significant crop damage across agricultural lands.
140 Livestock Killed in Stratford Barn Fire, Road Closed
A devastating barn fire on Wilmot Easthope Rd near Stratford resulted in the loss of 140 livestock. Emergency services temporarily closed the road between Perth Line 45 and 43 during response operations.
G7 Asks IEA to Study Oil Options, Holds Off on Reserve Release
Energy ministers from the G7 nations have opted against an immediate coordinated release of strategic petroleum reserves. Instead, they have formally requested the International Energy Agency to conduct a comprehensive study on potential market stabilizat
Amazon's $37B Bond Sale for AI Funding Among Largest Ever
Amazon is launching one of the biggest corporate bond offerings in history, targeting $37-42 billion to fund its massive artificial intelligence infrastructure investments alongside other tech giants.
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Canadian Firms Must Prepare for CUSMA Review: Report
A new report advises Canadian companies to proactively engage with the upcoming CUSMA trade agreement review, as U.S.-Canada trade talks are set to be a critical business issue in 2026.
Iran War Fuels Oil Price Swings, Economic Fears
President Trump's escalating war in Iran has triggered wild fluctuations in oil prices, driving up fuel costs and threatening broader economic instability as political tensions mount.
John Risley Sells Halifax Mansion for $14.9M
Atlantic Canadian billionaire John Risley has listed his luxurious Halifax waterfront mansion for $14.9 million as his investment firm faces over $1 billion in debt and restructuring efforts.
Calgary Tire Change Leads to Life-Altering Injuries in Collision
A man changing a tire on Nose Hill Drive in Calgary was struck by a vehicle, sustaining life-altering injuries. The passenger in the other vehicle was hospitalized as a precaution.
Goeasy Shares Plunge 39% on Auto Loan Troubles
Canadian subprime lender Goeasy Ltd. saw its shares drop 39% after suspending its dividend, withdrawing its outlook, and writing off $233 million in loans. The company is reducing new auto loans and cutting costs amid rising charge-off rates.
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Treasure Hunter Released, 500 Gold Coins Missing
Tommy Thompson, known for the 'Ship of Gold' discovery, has been released from prison, but authorities report 500 gold coins remain unaccounted for, raising legal and financial questions.
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