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The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada’s interest rate cuts haven’t spurred the gradual improvement it previously anticipated. CREA said Tuesday it now thinks the national housing market will remain in “more of a holding pattern” until next spring…

Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies. The government says this is the first time all banks will label the payment as the Canada Carbon Rebate, after years of inconsistent and vague phrasing on bank statements. The quarterly rebate will go to Canadians…

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Porter Airlines has perhaps the loftiest goals in Canadian skies: compete with the sector’s established players, not solely by trying to beat them on cost, but by winning the hearts of its passengers. “It’s a completely different way to travel in economy and it’s allowed us to grow very quickly over the last 18 months,”…

Descrease article font size Increase article font size The Canadian economy added some 47,000 jobs in September, enough to lower the unemployment rate for the first time since the start of 2024. Statistics Canada said Friday that job gains were focused in full-time work and in the private sector, offset by losses in part-time roles…

Two TD Bank units have pleaded guilty to U.S. criminal charges and agreed to pay $3 billion in combined penalties to resolve federal government probes into money laundering, U.S. authorities said on Thursday. The plea deal includes imposition of an asset cap and other limitations to its business, authorities said. The bank has pleaded guilty to conspiring to launder…

Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets across the country, a new report from Re/Max Canada shows. The national brokerage said in its national condo outlook released Wednesday that listings in this segment of the market have “soared” in recent months. A…

At this year’s Thanksgiving, Canadians will find a “significant” supply of whole turkeys and at “really good prices,” farmers say. The news before the holiday season will likely be a welcome respite for many after recent years of high inflation and soaring grocery prices. Demand for turkey typically spikes around this time of the year,…

By Rosa Saba The Canadian Press Posted October 8, 2024 11:04 am 1 min read Descrease article font size Increase article font size A new report from the Parliamentary Budget Officer says inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households. However wealthier households have seen their purchasing…

Despite some airlines collapsing or consolidating, Canadians air passengers can expect more seats and even some deals heading into the Thanksgiving long weekend this year. Data from aviation analytics company Cirium shows that across the major Canadian airlines, total capacity is expected to be up by about 30,000 seats for the Oct. 11-14 weekend compared…