Category: Money

Alberta’s long road to quitting the Canada Pension Plan would run smack into the scheduled 2027 provincial election, with Opposition New Democrats promising to kill the idea if they win. Opposition finance critic Samir Kayande says an NDP government would cancel the plan at that late date as a last resort, regardless of whether Albertans […]

By Staff The Canadian Press Posted September 22, 2023 9:19 am Descrease article font size Increase article font size Statistics Canada says retail sales rose 0.3 per cent to $66.1 billion in July, helped by the strength of sales at supermarkets and grocery stores. However, the agency says its early estimate for August suggests retail […]

A Toronto food bank is making an urgent appeal, after it saw a stark jump in the number of clients accessing its services. Daily Bread Food Bank says more than 274,000 visits were made to its 128 member food banks in August alone, double the number of visits in the same time last year. “To […]

A recent report by Rates.ca suggests variable rate mortgage holders have paid thousands more in interest since rate hikes by the Bank of Canada began. The company compiled data looking at the difference between fixed and variable rate mortgages, using an example of a five-year insured mortgage of $500,000 taken out in July 2021. The […]

By Staff The Canadian Press Posted September 21, 2023 1:16 pm Descrease article font size Increase article font size A report commissioned by the Alberta government says the province would be entitled to more than half the assets of the Canada Pension Plan — $334 billion — if it were to exit the national retirement […]

The Bank of Canada did not want to give the impression that it was done raising interest rates — or that the cost of borrowing would soon drop — in communicating its most recent policy rate decision, documents released Wednesday show. The Bank of Canada’s governing council worried that the decision to hold its benchmark […]

By Staff The Canadian Press Posted September 19, 2023 7:30 am Descrease article font size Increase article font size Statistics Canada will release its latest reading on inflation Tuesday morning. The agency will publish its consumer price index for August. Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress […]

A gathering of Canada’s top grocery executives on Monday is part of the Liberal government’s efforts to keep prices in check, Finance Minister Chrystia Freeland says. Freeland spoke briefly to reporters on her way in to meet with the heads of Canada’s top grocery chains, a summit struck by the Liberals as Parliament Hill returns […]

Heather Reisman will return to helm Indigo Books and Music Inc., the company she founded, amid a series of executive shakeups and recent setbacks for the retailer. The company said Monday that Reisman will return as CEO after outgoing chief executive Peter Ruis announced his departure a couple of weeks ago. Ruis took over the […]

There is a new and significant hurdle facing the massively over-budget and contentious Trans Mountain pipeline expansion project running through Alberta and British Columbia. The Stk’emlúpsemc te Secwépemc, a First Nation in the Interior of B.C., near Kamloops, is disputing a proposed change by Trans Mountain to the pipeline route through an area known as […]