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Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

OTTAWA — The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.
Global refinery market weakness hits Parkland Corp.'s Burnaby refinery

Global refinery market weakness hits Parkland Corp.'s Burnaby refinery

CALGARY — Fuel retailer Parkland Corp. has lowered its full-year earnings forecast as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, СÀ¶ÊÓƵ refinery.
What you need to know before helping your child with a home down payment

What you need to know before helping your child with a home down payment

OTTAWA — With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.
Surgical robot coming to Victoria hospitals this year

Surgical robot coming to Victoria hospitals this year

The foundation is fundraising for a 10-year robotics program and system upgrades that will first be used in urology
СÀ¶ÊÓƵ's late entry to LNG market carries 'significant economic risk': U.K. report finds

СÀ¶ÊÓƵ's late entry to LNG market carries 'significant economic risk': U.K. report finds

Unsanctioned СÀ¶ÊÓƵ LNG projects were forecast to produce gas 26% more expensive than the global average, and up to 80% pricier than bulk producers like Qatar — raising questions over whether the province can recoup its investments.
Worsening Canada-India relationship may spare СÀ¶ÊÓƵ businesses

Worsening Canada-India relationship may spare СÀ¶ÊÓƵ businesses

Free-trade talks between the countries have been suspended but business owners say trade with Indian customers remains strong
The loonie is trading at lows not seen in years. Here's what it means for Canadians

The loonie is trading at lows not seen in years. Here's what it means for Canadians

The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.
More infrastructure investment needed in СÀ¶ÊÓƵ, says construction association

More infrastructure investment needed in СÀ¶ÊÓƵ, says construction association

High cost of materials and labour contributing to unaffordability, says СÀ¶ÊÓƵCA
СÀ¶ÊÓƵ business leaders urge parties to prioritize economy in open letter

СÀ¶ÊÓƵ business leaders urge parties to prioritize economy in open letter

Business groups are sounding the alarm on the province's economy amid job losses, rising debt
Loblaw, Empire call for end to property controls amid Competition Bureau probe

Loblaw, Empire call for end to property controls amid Competition Bureau probe

Loblaw says it wants to eliminate commercial property controls in the grocery industry, amid a Competition Bureau investigation into the practice — and it's calling on other grocers to do the same.
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