All Big Six Canadian banks now backing proposed defence bank
TORONTO -- Canada's Big Six banks have all put their support behind the proposed international Defence, Security and Resilience Bank (DSRB).
Ian Bickis
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BMO joins rest of big bank peers in supporting proposed international defence bank
TORONTO -- BMO Financial Group says it's joined the rest of the big Canadian banks in backing the proposed Defence, Security and Resilience Bank (DSRB) being set up by democratic countries.
Success of new federal auto strategy lies in the details: industry insiders
TORONTO -- The federal government has outlined key measures it plans to use to protect Canadian automotive manufacturing, but industry insiders say success will depend on the details.
Feds outline measures aiming to boost auto manufacturing
TORONTO -- The federal government has outlined a suite of measures it hopes to use to boost investment in Canadian auto manufacturing.
Canada EV deal with China boosts investment potential but U.S. access question looms
The trade deal between Canada and China has experts saying it could lead to Chinese electric vehicle firms producing vehicles in Canada, but much depends on the trade talks ahead with the United States. Critics including Ontario Premier Doug Ford and Unifor leader Lana Payne panned the deal as an attack on workers and Canadian manufacturing, while Prime Minister Mark...
Canada EV deal with China boosts investment potential but U.S. access question looms
TORONTO -- The trade deal between Canada and China has experts saying it could lead to Chinese electric vehicle firms producing vehicles in Canada, but much depends on the trade talks ahead with the United States.
Ford, Unifor sound alarm over China EV deal
TORONTO -- Ontario politicians and Canada's largest private sector union are slamming Canada's new trade agreement with China, saying it puts domestic auto jobs at risk with no guarantee of investments.
Office vacancy rate dips as return-to-office shift picks up: CBRE report
TORONTO -- A new report says the Canadian office vacancy rate dipped last year for the first time since the pandemic as the return-to-office trend accelerated.
Canada's highest-paid CEOs made an average of $16.2 million in 2024: report
The gap between average worker wages and Canada's top-paid CEOs widened to a record in 2024, according to a new report that pushes for higher taxes on the wealthiest.
A clash of generations is gathering in Canadian banking
TORONTO -- Canadians who watched the World Series this year might have caught a second high-stakes clash going on between plays.
The year in money: notable personal finance changes for 2025
TORONTO -- There's been a lot to keep up with this year, so it's easy to have missed new developments on the personal finance front even if they might mean more money in your pocket.
Bank of Canada leaves key interest rate unchanged at 2.25%
Toronto -- The Bank of Canada left its key interest rate unchanged on Wednesday as the economy continues to show resilience in the face of tariff pressures.
Budget 2025: Feds to move forward on regulating stablecoins
The federal government says in Tuesday's budget that it will move ahead to regulate stablecoins, following on a move this past summer by the United States to do so.
Carney says Stellantis offered reassurances on Brampton, Ont., plant
Toronto -- Prime Minister Mark Carney said the global head of Stellantis told him the automaker is looking at finding a new model to fill the idled Brampton, Ont., plant, but that a decision would require more trade certainty.
Economic opportunity of climate action a focus as Toronto Climate Week launches
TORONTO -- Canada has an opportunity to leap ahead and reap the economic gains of climate action as the U.S. retreats, said several speakers at the launch of the first Toronto Climate Week on Wednesday.
Government loans give Algoma more breathing room for transition
Government lifelines announced Monday could help Algoma Steel Group Inc. navigate through the effective loss of the U.S. market as it looks to focus on supplying Canadian buyers.
Canada Post sending new offers to union with aim of moving talks forward
Canada Post says it will be sending new offers to the Canadian Union of Postal Workers in an effort to move negotiations forward. The Crown corporation said the new terms will allow the two sides to return to the bargaining table next week, with work already underway to make that happen. The move comes after the union representing 55,000 postal...
Canada Post sending new offers to union with aim of moving talks forward
Canada Post says it will be sending new offers to the Canadian Union of Postal Workers in an effort to move negotiations forward.
RRSP, TFSA, FHSA, RESP: The ABCs of how to divvy up savings across accounts
TORONTO -- As many young Canadians head off to college and university, some will be fortunate enough to be able to tap into a registered education savings plan.
Air Canada says no deal with union until planes moving as it cancels more flights
TORONTO -- Air Canada says its flight attendants need to return to work before the airline can push on with negotiations, even as the union says it won't end its now unlawful strike until a deal is reached at the bargaining table.
Air Canada says no deal with union until planes moving as it cancels more flights
Air Canada says its flight attendants need to return to work before the airline can push on with negotiations, even as the union says it won't end its now unlawful strike until a deal is reached at the bargaining table. "We're available and ready to work on an industry leading deal for our flight attendants, making them the best compensated...
Air Canada says no deal with union until planes moving as it cancels more flights
TORONTO -- Air Canada says its flight attendants need to return to work before the airline can push on with negotiations, even as the union says it won't end its now unlawful strike until a deal is reached at the bargaining table.
Air Canada extends flight cancellations as strike action continues
Air Canada says all flights of Air Canada and Air Canada Rouge remain suspended through 4 p.m. ET on Tuesday as members of the union representing its flight attendants continue strike action. It says customers whose flights are cancelled will notified.
Air Canada extends flight cancellations as strike action continues
TORONTO -- Air Canada says all flights of Air Canada and Air Canada Rouge remain suspended through 4 p.m. ET on Tuesday as members of the union representing its flight attendants continue strike action.
Air Canada union says right to strike on the line as it defies back-to-work order
TORONTO -- A shutdown of Air Canada by flight attendants over wages and unpaid work has rapidly escalated into a fight for the right to strike as union leaders said Monday they'll push despite orders to stop, while the airline said it hoped workers will soon comply.
Air Canada union says right to strike on the line as it defies back-to-work order
TORONTO -- A shutdown of Air Canada by flight attendants over wages and unpaid work has rapidly escalated into a fight for the right to strike as union leaders said Monday they'll push despite orders to stop, while the airline said it hoped workers will soon comply.
Air Canada union says right to strike on the line as it defies back-to-work order
A shutdown of Air Canada by flight attendants over wages and unpaid work has rapidly escalated into a fight for the right to strike as union leaders said Monday they'll push despite orders to stop, while the airline said it hoped workers will soon comply. The rising stakes of the impasse have left hundreds of thousands of travellers in limbo...
CUPE pushes on with Air Canada strike in defiance of order, says defending rights
TORONTO -- It's still not clear when Air Canada might start flying again as the flight attendants union resolved Monday to push on with a strike but the airline expressed hope that it could get planes off the ground Tuesday.
Barrick Mining reports rise is Q2 profits despite US$1-billion writedown on Mali mine
TORONTO -- Barrick Mining Corp. took a US$1.04-billion charge in its second quarter related to its loss of control of a gold mine in Mali, but still reported a rise in profit thanks to higher gold prices and an asset sale.
Enbridge says federal support for oil and gas not yet clear
The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home. "I'm optimistic about our ongoing conversations and the alignment we're seeing today on both sides of the border to advance projects and legislation," said Greg...
Enbridge says federal support for oil and gas not yet clear
The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home.
Understanding Canada's moves to block cheap steel imports
Prime Minister Mark Carney announced Wednesday that the government was tightening rules around steel imports. The move is an effort to protect Canada's domestic industry from dumping as the global trade of the metal undergoes major shifts because of government actions out of the United States and China.
Quarter of Ont. mutual fund dealers say customers sold unneeded products: survey
TORONTO -- A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
Crypto industry pushing Canada to follow U.S. lead in embracing stablecoins
As the U.S. government takes big steps to usher cryptocurrency into mainstream finance, one of the world's biggest crypto exchanges is urging the Canadian government to match and exceed those efforts, even as concerns mount. Coinbase Global Inc. is pushing hard to educate Canadian politicians about the moment in the hope of seeing someone in government champion the cause, said...
Crypto industry pushing Canada to follow U.S. lead in embracing stablecoins
TORONTO -- As the U.S. government takes big steps to usher cryptocurrency into mainstream finance, one of the world's biggest crypto exchanges is urging the Canadian government to match and exceed those efforts, even as concerns mount.
Steel industry, labour leaders call for government action as U.S. tariffs spike
TORONTO -- Canada's steel industry needs the federal government to take swift action as it faces an existential threat from steeply increased U.S. tariff, said Catherine Cobden, head of the Canadian Steel Producers Association.
Steel group calls for government to step in to protect industry as U.S. tariffs jump
TORONTO -- The head of Canada's steel industry association says time is of the essence for the federal government to step in and help the industry as it faces existential threats from U.S. tariffs.
As regulators abandon 'bare minimum' corporate climate reporting, a backstop lurks
TORONTO -- In the future, seeing the carbon emissions of a company may not be much harder than finding out how many calories are in a chocolate bar, but that day looks further out than it did just a few months ago.
Canadians could stay visa-free longer in U.S. under proposed bill
Canadian snowbirds could stay longer in the United States without a visa if a bill recently proposed in the U.S. House of Representatives becomes law.
The headwinds and potential ahead for Carney's economic ambitions
Canada now knows who will lead the country as it confronts this nation-defining economic moment, but uncertainty is still the word of the year.
BMO defends climate efforts as investors push for more disclosure
TORONTO -- The head of BMO defended the bank's climate efforts as it faced shareholder resolutions at its annual general meeting that called for more clarity on its plans.
The climate indicator banks are facing rising pressure to report
TORONTO -- When Canada's big banks left the Net Zero Banking Alliance earlier this year, they assured they could push on reducing emissions without the help of the international climate coalition launched in 2021 by Mark Carney, now Canada's prime minister.
Canada can legally challenge tariffs, but will Trump fall in line with the ruling?
If U.S. President Donald Trump imposes tariffs on Canadian goods as he's repeatedly threated to do, experts say Canada has a strong case to challenge it under the Canada-U.S.-Mexico free trade agreement. The question, though, is how quickly any decision may come through the process -- and more importantly, whether the U.S. would respect any decisions from the outcome. "A...
Canada can legally challenge tariffs, but will Trump fall in line with the ruling?
If U.S. President Donald Trump imposes tariffs on Canadian goods as he's repeatedly threated to do, experts say Canada has a strong case to challenge it under the Canada-U.S.-Mexico free trade agreement.
Trump's metal tariff threats shake up the Canadian can industry
U.S. President Donald Trump's threat to impose sweeping metals tariffs is creating worry and opportunity in can manufacturing and packaging, an industry that relies heavily on the raw materials. The 25 per cent tax on aluminum and steel coming into the United States starting March 12, and the possibility of retaliation tariffs, is expected to have cost ripples for buyers...
Trump's metal tariff threats shake up the Canadian can industry
TORONTO -- U.S. President Donald Trump's threat to impose sweeping metals tariffs is creating worry and opportunity in can manufacturing and packaging, an industry that relies heavily on the raw materials.
Bank CEO worries shift to political uncertainty as mortgage risks ease
TORONTO -- The heads of Canada's biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place.
Business groups call for unity as Trudeau announcement creates uncertainty
TORONTO -- Prime Minister Justin Trudeau's plan to step down has business experts warning about the heightened uncertainty it has created and the need for a unified front to face the challenges ahead.
How public funds are being used to lure private dollars in race for climate financing
TORONTO -- The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.
What European housing models could do for Canada's affordability problems
TORONTO -- Housing experts who have long promoted moving new home construction from suburbs to urban centres are calling for a similar approach to policy, saying several ideas currently percolating on the fringes of society in Canada have proven successful elsewhere and deserve a more central place in the national conversation.
StatCan latest wealth survey shows stark disparity between homeowners, renters
TORONTO -- Statistics Canada's latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what's owned by Canada's richest families.
Feds moving ahead with sustainable investing guidelines, but details still scarce
TORONTO -- Finance Minister Chrystia Freeland said Wednesday that the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.
Feds move ahead with sustainable investing guidelines, but details still scarce
TORONTO -- Finance Minister Chrystia Freeland says the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.
Potential China EV tariffs welcomed by GM Canada as BYD looks to enter market
The potential of tariffs on Chinese electric vehicle imports is being welcomed by the Canadian head of General Motors as major producer BYD looks to enter the market. "We're encouraged by the government's examination of these issues," said Kristian Aquilina, president of GM Canada. "Because on the basis of strong competition, a fair playing field, it encourages us to invest...
Potential China EV tariffs welcomed by GM Canada as BYD looks to enter market
The potential of tariffs on Chinese electric vehicle imports is being welcomed by the Canadian head of General Motors as major producer BYD looks to enter the market.
How modular housing could speed up construction of much-needed homes
For a country with such a severe shortage of housing, the way Canada builds homes hasn't changed that much since the country was founded. Workers arrive on site with building materials they assemble piece by piece, a little like how cars were built until Ford invented the assembly line more than a century ago. The federal government is aware more...
How modular housing could speed up construction of much-needed homes
For a country with such a severe shortage of housing, the way Canada builds homes hasn't changed that much since the country was founded.
Payouts for the many over the few: employee ownership trusts take shape in Canada
Three times a year, the 600-or-so employees of Friesens Corp. gather in front of the publishing house to accept envelopes, each one holding a cheque for the workers' share of company profits.
Canada's missing navigation tool in the push to lower emissions
It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass.
Bank CEOs push back on MP calls to reduce oil and gas funding
The CEOs of Canada's five biggest banks stuck to the message that they're committed to help in the energy transition as they were questioned by a parliamentary committee Thursday about their impacts on climate change.