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Statistics Canada says retail sales up 0.4% at $66.9 billion in September

Statistics Canada says retail sales up 0.4% at $66.9 billion in September

OTTAWA — Canadian retail sales rose 0.4 per cent to $66.9 billion in September from a month earlier, boosted by gains at supermarkets and other grocery stores, Statistics Canada said Friday.
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German auto supplier Bosch to cut 5,500 jobs in further sign of auto industry woes

German auto supplier Bosch to cut 5,500 jobs in further sign of auto industry woes

FRANKFURT, Germany (AP) — Germany's technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and gl
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Alberta pitches new rules for auto insurance, including rate hikes, no-fault claims

Alberta pitches new rules for auto insurance, including rate hikes, no-fault claims

EDMONTON — Alberta Premier Danielle Smith says her government is making major changes to auto insurance, including allowing rate hikes and switching to a predominantly no-fault claims model.
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Safety board calls for changes two years after Nova Scotia fisherman's death at sea

Safety board calls for changes two years after Nova Scotia fisherman's death at sea

HALIFAX — An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry.
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Retail industry praises GST holiday but says it may be 'laborious' for some

Retail industry praises GST holiday but says it may be 'laborious' for some

A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean a lot of extra work in a short period of time.
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Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

EDMONTON — Alberta is forecasting a $4.6-billion surplus for this fiscal year, but Finance Minister Nate Horner says "mounting pressures" threaten to soon put the province in the red.
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Average rate on a 30-year mortgage in the US rises to highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday.
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CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.
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Economists say temporary tax cut, relief cheques play into rosier growth picture

Economists say temporary tax cut, relief cheques play into rosier growth picture

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.
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