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High borrowing costs, record condo completions lead to oversupply in Greater Toronto
TORONTO — Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
Sep 11, 2024 2:00 AM
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B.C.'s debt and deficit forecast to rise as the provincial election nears
VICTORIA — British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major i
Sep 10, 2024 6:00 PM
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Montreal mayor faces criticism for blocking comments on social media accounts
MONTREAL — Montreal Mayor Valérie Plante is facing pushback for a decision to restrict access to her social media accounts, which her office says was an attempt to curb online hate.
Sep 10, 2024 5:34 PM
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CN revises earnings guidance lower after work stoppage, says operations recovered
MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw both Canada's major railways grind operations to a halt.
Sep 10, 2024 4:29 PM
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Joly says Canada bars any Canadian-made arms from reaching Gaza
OTTAWA — Canadian-made weapons will be prohibited from reaching the Gaza Strip, Foreign Affairs Minister Mélanie Joly said Tuesday.
Sep 10, 2024 4:00 PM
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Jasper council hears providing temporary housing for all without homes not possible
JASPER, ALTA. — Town council in Jasper, Alta., heard Tuesday it won't be possible to secure temporary housing for everyone who lost their homes in a devastating wildfire in July.
Sep 10, 2024 3:14 PM
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S&P/TSX composite ticks lower Tuesday as oil prices fall, U.S. markets mixed
TORONTO — Losses in the energy sector weighed on Canada's main stock index as the price of oil fell Tuesday, though the index posted just a small decline while U.S. markets were mixed.
Sep 10, 2024 2:45 PM
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Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa
HALIFAX — The Nova Scotia government is planning to kick-start its offshore wind industry — with or without federal approval — and launch a first call for project bids next year.
Sep 10, 2024 2:21 PM
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Canadian court approves Red Lobster restructuring plan
TORONTO — A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy.
Sep 10, 2024 2:17 PM
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Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
NEW YORK (AP) — U.S. stocks drifted to a mixed close following several weeks of sharp swings. The S&P 500 rose 0.4% higher Tuesday. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite rose 0.8%.
Sep 10, 2024 2:05 PM
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