Category: Finance

Canadians shopping for a new vehicle this spring and summer might find a bit of relief from recent years of tight supply and high prices. Experts say there are signs of “normality” on dealership lots after pandemic-era disruptions to automotive supply chains left some buyers waiting months for new vehicles or competing for scarce stock […]

Shares of videogame retailer GameStop jumped more than 50 per cent in early trading on Monday after “Roaring Kitty,” a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. Keith Gill, known as “Roaring Kitty” on YouTube and “DeepF***ingValue” on […]

By Staff The Canadian Press Posted May 13, 2024 11:52 am 1 min read Descrease article font size Increase article font size Ted Baker Canada has begun closing sales at its stores as well as its Brooks Brothers and Lucky Brand locations. Matthew Butler, a spokesperson representing Ted Baker Canada, confirmed the sales would encompass […]

Canada Post is continuing to bleed money amid fundamental shifts in mail delivery, pushing the Crown corporation to signal that something will have to change if it wants to right the ship. Canada Post reported a $748-million annual loss before taxes for 2023 on Friday, the postal service’s sixth consecutive year in the red. In […]

Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according to a new analysis from the central bank. The Bank of Canada released its Financial Stability Report for 2024 on Thursday. Overall, the central bank said that signs of financial stress were rising back to […]

The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd. Fintrac says Binance failed to register with the agency as a foreign money services business. It also says the company failed to report large virtual currency transactions of $10,000 or more in the course of a single transaction, together with the prescribed […]

The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. “It is great for industry and Canada to have that tremendous asset available,” said MEG’s vice-president of marketing Erik Alson during a conference call with analysts to discuss the […]

Descrease article font size Increase article font size Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its U.S. shares slumping nearly 20 per cent in early trading Wednesday. While e-commerce growth has been normalizing after a post-pandemic slump, […]

Wildfires are already burning in parts of Western Canada and with warnings of a particularly active season yet again this year, the country’s largest property and casualty insurer is testing a pilot project to help eligible Canadians protect their homes. Intact Financial Corporation on Tuesday announced a partnership with Montana’s Wildfire Defense Systems to provide […]

Apple on Tuesday introduced a new, larger consumer iPad model at a virtual event, putting a slightly newer chip in the device as analysts expected further upgrades to the company’s professional iPad lineup. The iPad Air, the Cupertino, California-based company’s mid-priced model, will now come in a larger 13-inch screen size at US$800, as well […]