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New home construction is up in 6 largest cities, but supply gap persists
The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.The…
Costco’s stock slips as quarterly sales come up short and fee hike won’t
Shares of Costco Wholesale Corp. slipped after hours, after the membership warehouse retailer reported sales trends that came up shy of Wall Street’s estimates.
Read More: Costco’s stock slips as quarterly sales come up short and fee…
Businesses face new limits on temporary foreign worker program
Starting today, employers in Canada will face new restrictions on their hiring of low-wage temporary foreign workers — a policy shift the federal government says will push businesses to make a greater effort to hire workers already in…
Exclusive: HUD Secretary Adrianne Todman on how government ‘has to be part
The housing market has become unaffordable for many buyers. The federal government says it’s working on it.
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Bank of Canada needs to ‘stick the landing’ now that inflation is at 2%:
Bank of Canada governor Tiff Macklem says he is pleased that inflation has fallen to two per cent, but the central bank now has to "stick the landing" and keep price growth centred around the target.That's according to prepared remarks…
AT&T’s stock is trading near three-year highs. Here’s what’s clicking.
While rate-cut optimism could be helping AT&T’s stock toward its best month in nearly two years, there’s also been growing validation of the company’s fiber strategy.
Read More: AT&T’s stock is trading near three-year highs.…
Metro Vancouver grain terminal workers begin strike
Workers at several Metro Vancouver grain terminals walked off the job Tuesday morning.Members of the Grain Workers Union Local 333 headed to picket lines at 7 a.m. PT, three days after serving strike notice, in what one industry group…
Trump tariffs on Chinese goods could cost Americans, but Biden still needs
A 60% tariff on Chinese imports could end up hurting the U.S. more than China.
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Metro Vancouver grain terminal workers union set to strike
Canada's grain farmers say a strike at Metro Vancouver terminals would cripple crop exports if it were allowed to take place.The Grain Growers of Canada said in a statement that it is "deeply concerned" about a potential strike of grain…
Visa stock slips on reports that it faces Justice Department antitrust
Visa Inc. stock fell 1.6% in after-hours trading Monday following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.
Read More: Visa stock slips on reports that it faces Justice Department…