News

TORONTO — Corus Entertainment Inc. has been dealt a blow by several research analysts who have either cut their targets or stopped covering it altogether. CIBC Capital Markets says it is dropping coverage of the television and radio station owner because of the “material uncertainty” surrounding its equity value. CIBC says it does not expect […]

OTTAWA — Statistics Canada says airfares rose two per cent year-over-year in June, and continued to soar above pre-pandemic levels. Figures from the consumer price index show the increase follows a 4.5 per cent year-over-year bump in May and a fairly flat April. Prices also stood nearly 19 per cent above what travellers paid for […]

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell nine per cent compared with May. The housing agency says the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May. The move came as actual housing starts were markedly […]

OTTAWA — Canada’s annual inflation rate fell to 2.7 per cent in June, with Statistics Canada largely attributing the deceleration to slower year-over-year growth in gasoline prices. The agency reported Tuesday that gasoline prices rose 0.4 per cent in June following a 5.6 per cent jump in May. Excluding gasoline, the consumer price index rose […]

OTTAWA — Industry Minister François-Philippe Champagne says the issue of competition in the big tech-dominated digital wallet market should be on the Competition Bureau’s radar. In a letter to the bureau, Champagne points to other countries that are taking action to ensure no one entity dominates the space. In a deal approved last week, the […]

OTTAWA — Statistics Canada is set to release the latest inflation reading for June this morning. In May, the agency reported inflation rose to 2.9 per cent year-over-year, driven higher by prices for services. Economists polled by Reuters are forecasting consumer prices rose 2.8 per cent in June compared with the same month last year, […]

OTTAWA — Canadian politicians on opposite ends of the ideological spectrum stressed a need Monday to avoid inflaming discussion to the point of inciting violence against public figures. An attempted assassination of former U.S. president Donald Trump at a weekend rally in Pennsylvania prompted concern and reflection north of the border, where politicians have seen […]

OTTAWA — The second instalment of this year’s national carbon-price rebate was deposited or mailed out to millions of households Monday. It was the first time banks were required to follow new orders to label the payments as the federal government wishes. The rebate is sent out in four instalments over the year and is […]

TORONTO — North American stock markets continued their winning streak Monday, as investors’ growing confidence that former U.S. President Donald Trump may be heading back to the White House translated to fresh gains. The S&P/TSX composite index was up 78.16 points at 22,751.68. In New York, the Dow Jones industrial average was up 210.82 points […]

The Tourism Industry Association of Ontario is calling for a swift resolution to an ongoing strike by the province’s liquor store workers, saying the labour dispute is affecting tourism operators during their peak season. Approximately 10,000 workers at the Liquor Control Board of Ontario walked off the job July 5 and the Ontario Public Service […]