Toyota Motor Corp. is set to announce a C$1.4 billion ($1.1 billion) expansion of its Canadian operations to build the RAV4 sport utility vehicle, a bet on the nation’s manufacturing amid a cloud of uncertainty from ongoing NAFTA talks. Prime Minister Justin Trudeau and Ontario’s Premier, Kathleen Wynne were in...
Creating an encounter rather than purely presenting vehicles: Mercedes-Benz is pressing forward with its dialogue-based and experiential brand presence at trade fairs. At the IAA MOBILITY from 7 to 12 September 2021 in Munich, the luxury automotive brand is taking advantage of all the opportunities offered by the new format...
Statistics Canada says the annual pace of inflation jumped higher in March due in large part to a plunge in prices a year ago at the start of the pandemic. The agency says the consumer price index in March was up 2.2 per cent compared with a year ago. The increase...
Consumers appears to have helped the Canadian economy through a July stumble, as Statistics Canada reported Friday that real gross domestic product dropped 0.1 per cent in the month before rebounding in August. The July figure was better than the agency's initial estimate of a contraction of 0.4 per cent,...
Royal Bank of Canada (RY.TO 0.08%) and Toronto-Dominion Bank (TD.TO 0.39%) raised their posted five-year fixed mortgage rates, increasing borrowing costs for Canadian homebuyers ahead of the Bank of Canada’s interest rate decision next week. RBC raised its posted five-year fixed rate by 15 basis points to 5.14 per cent,...
The real estate board representing Canada's largest housing market is predicting the peak may be in the rear view for Toronto after buying activity fell further from record levels in June. There were 11,106 property sales last month across the Greater Toronto Area (GTA), according to data released by the...
B.C. plans to raise its minimum wage by 2.96%, or $0.45, to $15.65 per hour, on June 1, Labour Minister Harry Bainssaid today. He explained that the province's Fair Wages Commission travelled the province, consulting businesses and other stakeholders, and recommended the increase, which was based on a 2.8% inflation...
Sometimes being a landlord is a bit like being a job interviewer or on a blind date. The job interviewer landlord wants to make sure that the interviewee can actually work well with the company -- background checks, security deposit, personal references, check-ups on past addresses, last employer. The...
The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact service industries will carry the burden of a new round of...
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...