The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020. The central bank says in its latest forecast that the Canadian economy will grow by 1.6 per cent this year, down 0.1 of a percentage point from […]
BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions. Founder and chief executive officer Laurence Fink, who oversees the management of about $7 trillion in funds, said in his influential annual letter to CEOs Tuesday that he believes we are “on the edge of a fundamental reshaping of finance” […]
The company behind the $6.2-billion Coastal GasLink pipeline in British Columbia has made a deal to sell a 65 per cent equity interest in the project. In a news release, TC Energy Corp. said it has entered into an agreement for the sale to KKR & Co. Inc. and the Alberta Investment Management Corp., on behalf of certain […]
Canadian workers and employers will enjoy a slight decrease in employment insurance premiums in the new year, resulting in about $1.1 billion in total reductions in 2020. Starting on Jan. 1, the premium for individual workers will be $1.58 per $100 of insurable earnings while their employers will pay $2.21 per $100 of the workers’ […]
The company behind the $6.2-billion Coastal GasLink pipeline in British Columbia says it’s made a deal to sell a 65 per cent equity interest in the project. TC Energy Corp. says in a news release that it has entered into an agreement for the sale to KKR and Alberta Investment Management Corp., on behalf of […]
British Columbians are ringing in the new year by joining all Canadians in not paying monthly rates for health care. Premiums under the province’s medical services plan will be eliminated on Jan. 1, saving individuals up to $900 a year while families will pocket up to $1,800. The change comes two years after premiums were halved and […]
French Prime Minister Edouard Philippe said the minimum retirement age will remain 62, but employees will have to work until 64 to receive a full pension. In a sweeping speech on Dec. 11, he said the implementation of the pension changes will be delayed. The new pension system will only apply to people born after […]
Western Forest Products Inc. says negotiations with the United Steelworkers union representing workers in a long-running coastal B.C. strike ended without resolution on the weekend. The company says no active negotiations are occurring and no future mediation dates have been scheduled after 14 hours of bargaining occurred on Saturday and Sunday supervised by two independent […]
China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual fund companies on April 1 and for securities firm on […]
Women in their core working years earned on average 13.3 per cent less per hour than men in 2018, marking a 5.5 percentage point improvement over the past 20 years, according to a new report by Statistics Canada. The research paper released Monday said in 2018 female employees between the ages of 25 to 54 […]