- Yahoo Finance Canada
BCE stock up after it sells minority stake in MLSE to Rogers for $4.7B
"This would enable Rogers to potentially bring every major Toronto sports franchise under one umbrella, which could garner interest from outside investors or be IPOed."
- Yahoo Finance Canada
Odds of a jumbo rate cut inch up, as inflation reaches lowest level since February 2021
"Today's figure tilts the scales a touch toward a more aggressive path," says one economist. "If we get another big downside surprise, calls for a 50 basis point cut will only grow louder."
- Yahoo Finance Canada
Air Canada's new pilot agreement removes 'a significant overhang' on the stock: Analysts
"(The new agreement) frees the company to have a more fulsome discussion around investors and what to do there."
- Yahoo Finance Canada
'Consumer sentiment is improving,' despite economic concerns: Empire CEO
"We are seeing small, gradual improvements in the consumers that we service across every single one of our businesses.”
- Yahoo Finance Canada
Air Canada's Aeroplan program ranked top in North America by rewards search platform
The ranking was based on nine categories, including ease of earning miles, redemption rates, and ease of booking.
- Yahoo Finance Canada
Unemployment rate jumps to 6.6% in Canada, highest since 2017 outside COVID-19
The labour market added a net 22,100 jobs in August while the unemployment rate jumped by 0.2 percentage points, Statistics Canada said on Friday.
- Yahoo Finance Canada
Bank of Canada delivers third straight interest rate cut, bringing policy rate down to 4.25 per cent
In a short statement, the central bank delivered its third straight cut to interest rates, as expected.
- Yahoo Finance Canada
Canada's economy grows more than Bank of Canada or economists expected
Canada's economy grew 2.1 per cent annualized in the second quarter, according to Statistics Canada.
- Yahoo Finance Canada
Home ownership a priority for Gen Z and millennials, but only half think it's achievable: Survey
"In pursuit of home ownership, many young people are not only pausing small daily indulgences but also making compromises that impact their long-term financial stability."
- Yahoo Finance Canada
Canada's inflation rate extends its cooling streak in July, keeping BoC on track to cut rates
Canada's annual inflation rate slowed to 2.5 per cent in July, according to Statistics Canada, down from 2.7 per cent in June.
- Yahoo Finance Canada
Canada real estate: Housing affordability improves as income required to buy a home falls
According to an analysis conducted by Ratehub.ca, the minimum income required to purchase an average-priced home fell in the 13 markets examined from June to July.
- Yahoo Finance Canada
Economists expect Tuesday's inflation data to support third Bank of Canada rate cut
They anticipate that Canada's annual inflation rate likely eased further in July.
- Yahoo Finance Canada
'Chickens have come home to roost': Mounting criticism over Canada's low-wage temporary foreign worker program
"Outside the pandemic, this is the worst summer on record for youth employment."
- Yahoo Finance Canada
WestJet cancelling average of 50 flights a day as plane repairs expected to take weeks
The Calgary-based airline says it will "continue issuing proactive cancellations for the foreseeable future."
- Yahoo Finance Canada
Metro sales rise as Canadians turn to discount brands amid higher cost of living
"Consumers are looking for value. They're participating in promotions more. They're trading down, especially in meat."
- Yahoo Finance Canada
Consumer insolvencies hit 4-year high in Canada as interest rates weigh on households
On average, 386 Canadians were filing for insolvency each day in the second quarter.
- Yahoo Finance Canada
Lightspeed Commerce stock falls to session lows despite quarterly earnings beat
"We are excited to be shifting focus to the software growth side. That's the next big area of execution."
- Yahoo Finance Canada
Half of Canadian companies plan to add positions in H2, but remain 'cautious' in hiring: Poll
"Every requisition that they get is much more thoughtful in their approach, and if anything, it's taking a bit longer for them to hire individuals."
- Yahoo Finance Canada
Gas prices rise in the Prairies and B.C. amid wildfires
The average cost per litre of regular fuel in cities nationwide climbed 0.6 cents between July 18 and July 25, according to data from Kalibrate.
- Yahoo Finance Canada
Loblaw says financial impact of May boycott 'minor', as sales grow and profit slips
Chief financial officer Richard Dufresne says the company "did notice a bit of an impact in certain markets" but that sales had returned to normal by the end of Q2, which ended on June 15.