Business

While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.  Multiple condo projects are being pushed into receivership in Vancouver and Toronto. From one of Canada’s tallest condo …

Business insolvencies jumped by more than 41 per cent last year, according to data released Friday by Canada’s top financial regulator for bankruptcies.  Total number of insolvencies up by 23% in 2023. Business insolvencies jumped by more than 41 per cent in 2023,according to data released Friday by Canada’s top …

The federal government is lashing out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber.  Mary Ng says Canada will fight duties by every means available, as U.S. plans raise from 8.05% to 13.86%. The federal government has lashed out at the U.S. Commerce Department …

Ad-free entertainment used to be one of the big selling points of streaming services, but as more services add commercials, experts say the glory days of advertisement-free video content are gone unless you spend enough money to make up for the loss in potential revenue.  Profit margins and revenues for …

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage.  Housing tightness continues to hold inflation up, Tiff Macklem tells finance committee. Bank of Canada governor Tiff Macklem says the central bank can’t solve …

As the federal government’s popular Canada Greener Homes grant program comes to a close, the energy audit industry could crumble with businesses across the country warning of mass layoffs in the months ahead.  Energy assessors worry business will halt after popular federal home efficiency program ends. As the federal government’s …

The company building the Trans Mountain pipeline expansion is still working to find a solution for its latest unexpected construction challenge in B.C.  Latest challenges expected to push pipeline’s expected in-service date to 2nd quarter of the year. The company building the Trans Mountain pipeline expansion is still working to …

Manulife has announced that as of this month, its coverage of 260 specialty prescription drugs will apply only at Loblaw-owned pharmacies. CBC News answers your questions about the deal. Group of 260 specialty medications included in the exclusivity deal. Manulife has announced that its coverage of 260 specialty prescription drugs …

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.  Economist says Canada has a ‘chronic lack’ of housing supply. Rent prices in …

Desjardins says that by the end of last year, in-person transactions represented a small fraction of overall business.  In-person transactions represent a small fraction of overall business, says credit union. The Desjardins Group says it will cut its service centres and ATMs by 30 per cent before 2027. Spokesperson Jean-Benoît …