The commodity-linked Canadian dollar strengthened to a two-year high against its U.S. counterpart on Thursday as investors bet that the rollout of COVID-19 vaccines would boost economic recovery. "The Canadian dollar has been etching out fresh highs each day this week as markets front-run their expectations of the economic recovery...
Canadian employers project the national average base salary to increase by 4.2 per cent next year, a new survey says. According to the report by consulting firm Eckler Ltd., the forecast comes as organizations try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market. British Columbia,...
Johnson & Johnson has agreed to pay more than $100 million to settle more than 1,000 talc-related lawsuits linked to the company’s baby powder. The world’s largest maker of health care products still faces more than 19,000 suits involving the product, but Monday’s announcement marks the first set of major...
Known as the i30 across the pond, the 2018 Hyundai Elantra GT Sport has the Volkswagen Golf GTI in its sights. Drawn under the watchful eye of Hyundai’s chief design officer Peter Schreyer, the compact hatchback’s sporty bodywork, clean lines, and attractive proportions make it far more fashionable than...
B.C. is expanding the reach of its speculation and vacancy tax. The tax — meant to discourage housing speculation and vacant homes in major urban centres — will soon apply to North Cowichan, Duncan, Ladysmith and Lake Cowichan on Vancouver Island and to Lions Bay and Squamish on the Sea...
The vaccine rollout is underway in Canada, and it is picking up pace. This paints a far prettier picture for Canadians and the world in general regarding the pandemic. The onset of COVID-19 and ensuing lockdowns devastated several sectors of the economy. With the possibility of an end to...
Kinder Morgan says recent events confirm that an investment in the Trans Mountain pipeline expansion may be “untenable” and that the Canadian government’s pledge of financial support does not resolve political risk related to British Columbia’s opposition. Kinder Morgan’s Chief Executive, Steven Kean, said yesterday: “it’s become clear this particular...
Pierce Brosnan told India health officials that a brand there "cheated" him by linking the British actor to a product with a reported association with an addictive form of tobacco, the BBC News reported. In 2016, Brosnan agreed to advertise a so-called breath freshener/tooth whitener for an Indian company called...
The federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline expansion, a move it says is common practice and does not reflect any additional public funding for the high-profile, over-budget oil pipeline. The Trans Mountain pipeline is Canada's only oil pipeline system from Alberta...
The world's most well-known cryptocurrency Bitcoin smashed through $34,000 for the first time ever in its entire history of 12 years on Sunday. Once the price of the leading cryptocurrency crossed the $30,000 mark for the first time -- something it had struggled to do for the last couple of...