Canada’s annual inflation rate rose to 3.2 per cent in May, up from 2.8 per cent in April, according to Statistics Canada. Higher gas prices […]
Category: Business
Silk Beverage Class-Action Settlement Approved, Payouts Range from $400 to $300,000
Consumers may be eligible for compensation from a large class-action settlement if they consumed recalled plant-based drinks sold under Silk and other labels linked to […]
Dollarama Reports 20% Sales Jump as Consumers Seek Value Amid Economic Uncertainty
Dollarama says its sales rose 21.4 per cent in the first quarter compared to the same time last year, as more shoppers looked for affordable […]
Canadian economy adds 88,000 jobs as unemployment rate drops to 6.6%
Canada’s labour market added 88,000 jobs in May, a stronger-than-expected gain that helped push the unemployment rate down to 6.6 per cent from 6.9 per […]
U hits Temu with €200m fine over illegal product sales
The European Union has fined Chinese-owned online retailer Temu €200 million ($232 million) after regulators found dangerous and illegal products, including unsafe baby toys and […]
Canada enters technical recession as first-quarter economic growth comes to a standstill
Canada’s economy shrank slightly in the first three months of the year, marking two straight quarters of decline and raising concerns about a technical recession. […]
Canada’s growing debt burden: Federal and provincial debt projected to surpass $2.4 trillion this year.
Prices are rising and many Canadians are taking on more debt to keep up, while a new study shows government debt has also climbed sharply […]
Ontario city records highest mortgage delinquency rate in Canada
New data from Equifax shows mortgage delinquency rates are rising across Ontario, with missed mortgage payments increasing 52 per cent in the first quarter of […]
Tim Hortons says it will hire 10,000 local workers while reducing its reliance on temporary foreign employees.
Tim Hortons says it plans to hire around 10,000 local workers and reduce its use of the temporary foreign worker program. The company says it […]
Tim Hortons doubles down on Canadian identity as coffee chain rivalry heats up
Tim Hortons says restaurant owners across Canada are investing $400 million this year to build and renovate locations. The plan includes 80 new restaurants and […]