Ontario Housing Sector Urges Government Reforms for Supply
Ontario's housing industry calls for swift tax, financing, and regulatory changes to address stalled demand and capital, warning of worsening shortages if action is delayed.
Category : Business
Canada's Economic Woes vs. Moral Superiority Over U.S.
Despite Canada's economic stagnation and falling behind U.S. states like Alabama in GDP per capita, Canadians maintain a strong sense of moral superiority over Americans, as highlighted by recent political discussions.
Stantec's Record 2025 Income Driven by Defense and AI Data Centers
Edmonton-based engineering firm Stantec achieved record income in 2025 with $6.5 billion in net revenue, driven by defense contracts and AI data center projects across Canada and the U.S.
UCP Budget Deficits Better Than NDP's Fiscal Performance
Alberta's UCP government projects deficits for the next four years, but analysis shows these figures are significantly lower than the inflation-adjusted deficits run by the previous NDP administration.
Calgary Gets Billions in Alberta Budget 2026, Taxes Rise
Calgary receives significant funding in Alberta's 2026 budget, but residents face increased property taxes. The budget allocates billions for infrastructure and services, sparking debate over fiscal priorities.
Fatal Two-Car Crash in Melancthon, Ontario Investigated
A tragic two-car accident in Melancthon, Ontario, has resulted in fatalities, with Ontario Provincial Police actively investigating the scene and circumstances surrounding the crash.
Replacement Workers Run Bus Routes in Northern Ontario Strike
Over a dozen bus routes resumed service in northern Ontario as replacement workers took over during an ongoing school bus driver strike, with contract negotiations stalled.
Paramount's Superior Bid Sparks Warner Bros. Discovery War
Warner Bros. Discovery has declared Paramount's takeover offer superior to Netflix's bid, potentially igniting a fresh bidding war for the Hollywood giant.
Gatineau Man Killed in Highway 401 Crash Near Gananoque
A 51-year-old Gatineau man died after his pickup truck collided with a transport truck on Highway 401 west of Gananoque late Wednesday. The OPP is investigating the fatal crash.
FedEx to Refund Trump Tariff Costs to Customers
FedEx announces it will return any refunds from Trump's illegal tariffs to customers, as a former ambassador criticizes the U.S. focus on domestic impacts over global effects.
Halifax NSLC Store Closing After 160% Theft Increase
The Nova Scotia Liquor Corporation is permanently shutting down its Scotia Square Mall location in Halifax due to a dramatic 160 percent rise in theft incidents, citing safety and operational concerns.
Trifecta System Cuts Home Construction Time and Costs
Smallworks' innovative building system using prefabricated components allows for faster, more economical custom home construction, as demonstrated by a Vancouver laneway house prototype.
Edmonton's $3M Downtown Revitalization Fund Announced
Edmonton announces a $3 million Downtown Action Plan Fund offering grants up to $250,000 for recreational amenities and $100,000 for beautification and events to revitalize the city core.
Highway 417 Bridge Replacements Set for 2028
Ottawa's Highway 417 will undergo two full closures in 2028 for rapid bridge replacements at Woodroffe and Maitland Avenues, with both streets widening to include bicycle lanes.
Floating Rates Attract Borrowers Despite Economic Risks
Despite economic uncertainty and threats from U.S. trade, Canadian borrowers are increasingly opting for variable mortgage rates, which offer lower initial costs and prepayment penalties compared to fixed rates, according to mortgage strategist Robert McL
B.C.'s Record Deficit Warns All of Canada
British Columbia under Premier David Eby faces a record-breaking $13.3 billion deficit, highlighting fiscal irresponsibility across Canadian governments and urging spending cuts to avoid a debt crisis.
Amlan and Elanco Host Calf Health Seminars in Japan
Amlan International partners with Elanco Animal Health for a three-day educational seminar in Japan, focusing on clinical approaches to manage diarrhea and pneumonia in suckling calves.
Uruguay, Argentina First Mercosur Nations to Ratify EU Trade Deal
Uruguay and Argentina have become the inaugural Mercosur members to ratify the landmark EU trade agreement, marking a pivotal step in economic integration between the blocs.
Central Elgin Pushes New Community Plan on Former Hospital Site
Central Elgin is moving forward with a major development plan to transform the 416-acre former St. Thomas Psychiatric Hospital site into a new community, with officials promising visible progress by 2026.
Jewelry Store Robbed at Brantford's Lynden Park Mall
A jewelry store within Brantford's Lynden Park Mall was targeted in a robbery. Authorities are investigating the incident, which adds to local crime concerns.
Saint John LNG Terminal Gets Australian Shipment
The Saint John LNG terminal in New Brunswick has received a significant shipment from Australia, marking a key development in Canada's energy infrastructure and international trade relations.
Mortgage Renewal Myths: Expert Debunks Misconceptions
Victor Tran, mortgage expert at Rates.ca, reveals crucial myths homeowners should know before renewing their mortgage. Learn what to expect and avoid costly mistakes.
B.C. Minimum Wage Rises to $18.25 in June 2026
British Columbia's minimum wage will increase to $18.25 per hour on June 1, 2026, marking the 11th consecutive annual raise under the NDP government's inflation-indexed policy.
Ontario Fund Uses Creative Financing for Nuclear and Infrastructure
The Building Ontario Fund is deploying innovative financing models to jumpstart critical projects like small modular nuclear reactors, with plans to sell stakes once operational to attract private capital.
Copper Wire Theft in Guelph: $40K Loss for Business
A Guelph business has been hit by a significant theft, with approximately $40,000 worth of copper wire stolen. Police are investigating the incident, which highlights ongoing concerns about metal thefts in the region.
B.C. Minimum Wage Increase to $18.40 Effective June 1
British Columbia announces a minimum wage hike to $18.40 per hour starting June 1, 2026, marking a significant boost for workers across the province amid ongoing economic adjustments.
LeBlanc Sets U.S. Trade Talks in Washington for Next Week
Canadian Minister LeBlanc schedules crucial trade discussions with U.S. counterparts in Washington, aiming to address economic growth and investment barriers while navigating political tensions.
Truck Blockade at Titan Tool in Windsor
Six transport trucks blocked Howard Avenue in Windsor, preventing access to Titan Tool. The incident highlights ongoing labor disputes in the manufacturing sector.
Calgary Funds Backyard Suites for Homeowners
The City of Calgary introduces a new initiative offering financial assistance to homeowners for building backyard suites, aimed at increasing housing options and supporting multigenerational living.
Bombardier Eyes India for Business Jet Sales Growth
Bombardier's CEO highlights India as a key emerging market for business aviation, citing economic growth and increasing demand for private air travel among the country's elite.
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