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Experts say it’s a myth that seniors who own their homes are keen to downsize to fund their retirements, when the reality is they’re largely staying put, in part because they don’t like the downsizing options.
A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company’s CEO says will remain for the long term.
The average Canadian family spent 42.3 per cent of their income on taxes in 2024, according to a new study from the Fraser Institute.
Roughly 60 per cent of Canadian mortgage holders will face higher monthly payments when their loans come up for renewal in 2025 and 2026, according to a new Bank of Canada report.
Ottawa’s ramped up defence-spending plans will give the economy a lift, but not enough to save it from a recession, a newly released report forecasts.
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations’ Food and Agriculture Organization said on Friday.
Average earnings for working Canadians outpaced inflation on a year-over-year basis in April, according to data from Statistics Canada.
Multi-billionaire Amazon founder Jeff Bezos and Lauren Sanchez arrived in Venice on Wednesday ahead of their star-studded weekend wedding, an event that has galvanized a wide assortment of activist groups protesting it.
While inflation remained flat at 1.7 per cent for the month of May, Canadians still spent more last month at the grocery store for their rent and utilities.
The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said Tuesday.
The Bank of Canada will get a fresh look at national inflation figures this week — a picture that’s been particularly murky as of late amid tax changes and trade wars.
Statistics Canada says retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers.
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels seen in 2019.
Condominium sales in Canada’s two major markets continue to fall, leading to increasing supply and the cancellation of dozens of condo projects, despite a nationwide push to dramatically increase the construction of new homes.
Switzerland’s central bank said Thursday it has reduced its target interest rate by a quarter of a percentage point, adding that inflationary pressures have eased.
A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.
