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...
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...
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,...
Studying the option of no charge transit services for OC Transpo riders could cost the City of Ottawa nearly one million dollars a memo states.
A memo to Ottawa city council sent by Renée Amilcar, the general manager of the City's transit services and Wendy Stephanson, the City's chief...
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...
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...
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,...
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...
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...
Best Buy, one of the country's largest consumer electronics retailers, is laying off about 0.7 per cent of its workforce, estimated to be about 700 employees.
Anna LeGresley, a spokeswoman for Best Buy Canada, says the job losses come as the chain works to “support our stores and serve our...
