Housing in Canada might feel like it's in a perpetual state of unaffordability, but there's a chance that the Canadian housing market has peaked and we could see a bit of a decline in prices by 2023. According to a study conducted by Desjardins, wannabe homebuyers can expect to see...
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 minimum wage in Saskatchewan will increase to $13 per hour starting Oct. 1 this year and $15 per hour by 2024. At Star Egg and Maple Leaf Foods facilities in Saskatoon, Pat Horbay says many employees are working two jobs because they only make around minimum wage. The extra hours...
Owners of vacant residential properties in Vancouver will face a stiffer penalty next year. Vancouver city council voted unanimously Wednesday to approve increasing the city’s Empty Homes Tax from three per cent to five per cent for the 2023 reference year. The tax hike was proposed by Mayor Kennedy Stewart, who...
Vancouver city council will decide at the end of this month whether to increase the empty homes tax to five per cent of the assessed value of vacant homes. The tax was conceived by the Coalition of Progressive Electors in 2014 and introduced in 2017 by Vision Vancouver at 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...
The Bank of Canada raised its overnight lending rate by 25 basis points to 0.50 per cent on Wednesday, marking the first time the central bank has tightened monetary policy since 2018, while highlighting how Russia's attack on Ukraine could weigh on global growth and lift commodity prices further. The...
Some Manitobans dreamed up creative ways to defraud Manitoba Public Insurance (MPI) in 2021, ranging from a false kidnapping to claiming a dog darted in front of the car causing a crash. On Wednesday, MPI released its top five auto insurance frauds, highlighting some of the situations the organization had...
In any normal winter, Cameron Birch and his family of five would pack their bags for an all-inclusive vacation somewhere warm and sunny. But when the pandemic kept them from booking a trip south, the Kelowna, B.C., family looked closer to home and bought season passes to Big White Ski...
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,...