One of Canada’s major banks is forecasting a steeper drop in home prices amid a “sudden surge” of supply in some real estate markets. TD Bank updated its forecast Wednesday, calling for a 10 per cent drop in home prices from their third-quarter level through the early part of next year. In September, it pegged
Prime Minister Justin Trudeau’s Liberal government faces pressures from two ends heading into Tuesday’s fall economic statement. On one end, multiple recent polls show the three-term government’s popularity sliding in the eyes of voters as opposition parties land attacks on the Liberals’ track record.On the other, Canada’s economy is slowing and limiting Ottawa’s capacity to
Maple Ridge, B.C., will be home to a new $1.05-billion lithium-ion battery plant and an anticipated 450 permanent jobs. Prime Minister Justin Trudeau and Premier David Eby made the announcement Tuesday, touting the partnership with battery cell maker E-One Moli as a step towards developing B.C.’s clean economy. 1:19 Trudeau announces new lithium-ion battery plant
Randy Beals has been living in an apartment in the Clayton Park area of Halifax for the past seven years. Following the death of his longtime partner, Lillian, who was diagnosed with pancreatic cancer in April and later died as a result of surgery complications in July, the future of Beals’ living situation has become
Descrease article font size Increase article font size Market watchers are not expecting any further interest rate hikes from the Bank of Canada in the current tightening cycle, according to a survey released Monday. The Bank of Canada’s third-quarter survey of market participants, which includes senior economists and strategists tracking Canadian financial markets, was conducted
As Nova Scotia continues to grapple with a lack of available housing, debates are circulating around the issue of landlords refusing to allow pets into apartment units. On Wednesday, Nova Scotia’s NDP party tabled a bill titled the “Family Pet Renter Protection Act” that, if successful, would prevent landlords from adding “no pet” clauses to
A surprisingly robust September jobs report could put the Bank of Canada in the position to raise interest rates again later this month, some economists are arguing. Canadian employers added 64,000 jobs in September, Statistics Canada said Friday, outpacing August’s gains of 40,000 positions and keeping the unemployment rate steady at 5.5 per cent for
Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike. The deal was reached after Unifor extended its strike deadline by 24 hours late Monday after receiving what it called a “substantive offer” from Ford.“We believe that this tentative agreement, endorsed by the entire master bargaining
Canada’s economy stalled in the second quarter of the year with real gross domestic product (GDP) “nearly unchanged,” Statistics Canada said Friday. The economy contracted 0.2 per cent annually in the quarter, the agency said, which was enough for some economists to believe the Bank of Canada would keep its key interest rate on hold
The apparent shutdown of one of the biggest trucking companies in the U.S. is having an impact north of the border, with the union for over 100 affiliated Canadian truckers claiming they’ve been told not to report for work. Yellow Corp., formerly known as YRC Worldwide Inc., has ceased operations and is filing for bankruptcy