Ontario Premier Kathleen Wynne says the first conversation she wants to have with Justin Trudeau once he’s sworn in as prime minister will be about enhancing the CPP. Wynne says her Liberal government will proceed with mandatory payroll deductions starting Jan. 1, 2017 for the new Ontario Retirement Pension Plan, which essentially mirrors the CPP […]
Canada’s inflation rate fell to 1% in September, down from 1.3% in August. Statistics Canada says the decline was due to a larger year-over-year drop in gasoline prices. Those were down 18.8% compared to last year. Read: Unemployment inches up to 7.1% in September Overall, prices were up in seven of eight major categories in […]
The change of government in Ottawa from blue to red brings with it new opportunities for investors, especially in the infrastructure construction sector, investment experts say. The Liberals campaigned on a promise to run deficits to help fund billions in infrastructure spending and that could mean good news for the companies that build those projects. […]
Valeant Pharmaceutical shares hit their lowest level in more than a year Wednesday following a report accusing the company of creating a network of “phantom” pharmacies to deceive auditors and book revenue — an allegation it firmly denied. At one point, the Quebec-based company saw its shares plummet 39% to $116.19, before closing at $154.21 […]
The Bank of Canada is leaving its trend-setting interest rate unchanged amid expectations the country’s economy is bouncing back from the technical recession that kicked off 2015. The central bank says it’s holding its overnight rate at 0.5% because inflation and economic activity are unfolding largely as it predicted in its July update. Read: Unemployment […]
On election night 2006, Stephen Harper walked out in front of a room full of supporters and smiled at the country that had just voted for change. The incoming prime minister at that time told the crowd that the party would clean up Ottawa with the Accountability Act. They would cut the GST to 5%. […]
Ready or not for another Canadian prime minister named Trudeau, the business community seems unfazed by the overwhelming Liberal parliamentary majority that will be taking over from Stephen Harper’s Conservatives. The Canadian dollar was up overnight, but not by much, and even one of groups that has been most supportive of the Conservative pro-business agenda […]
The Canadian economy added 12,000 net new jobs in September, but the unemployment rate climbed by one-tenth of a percentage point to 7.1% as more people entered the labour force, Statistics Canada said Friday. The gain in the overall number of jobs came due to a gain in part-time employment, offset by a drop in […]
Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests.
Minimum wage earners in all three Prairie provinces, along with Ontario and Newfoundland and Labrador are getting a pay hike today. Read: On-call shifts come under scrutiny The new minimum wage employers must pay their workers in Alberta will be a buck higher at $11.20 per hour, while Saskatchewan and Manitoba will each bump up […]