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Higher rates more than offset home price drop to worsen affordability: report
TORONTO — A new report says that while home prices are down compared with last year, higher mortgage rates mean affordability hasn't improved for Canadians. The report by Ratehub.
Feb 16, 2023 11:24 AM
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Wholesale price pressures emerge despite long-term slowdown
WASHINGTON (AP) — Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the U.S. economy despite longer-term signs of improvement.
Feb 16, 2023 10:12 AM
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Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone
OTTAWA — Canadian couples looking to save money in retirement may turn to spousal RRSP accounts, though financial experts caution it might not work for everyone. Aba Quarshie, a financial planner at RBC in Almonte, Ont.
Feb 16, 2023 10:00 AM
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Weekly jobless applications fall again despite Fed rate push
Fewer Americans filed for jobless benefits last week despite efforts by the Federal Reserve to loosen the labor market with higher interest rates as it tries to cool the economy. Applications for jobless aid in the U.S. for the week ending Feb.
Feb 16, 2023 8:55 AM
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RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss
TORONTO — RioCan Real Estate Investment Trust raised its payment to unitholders as it reported a loss of $5 million in its fourth quarter. The real estate trust says it will now pay a monthly distribution of nine cents per unit, up from 8.5 cents.
Feb 16, 2023 8:26 AM
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MTY Food Group reports $7.1M Q4 profit, revenue up 65 per cent from year ago
MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $7.1 million as the acquisition of BBQ Holdings helped its revenue rise 65 per cent compared with a year ago.
Feb 16, 2023 8:03 AM
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Perk or necessity? Hybrid work expectations differ between employers, employees
For public relations executive Terance Brouse, the office is where creativity flows. On Mondays, Tuesdays and Wednesdays, employees at Maverick PR work from the firm's office — a converted red brick Victorian home in Toronto's Annex neighbourhood.
Feb 16, 2023 8:00 AM
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China sanctions Lockheed Martin, Raytheon for Taiwan sales
BEIJING (AP) — China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of it
Feb 16, 2023 5:13 AM
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Shopify reports $623.6 million net loss in Q4, revenue up 26%
TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most recent quarter delivered a loss of US$623.6 million.
Feb 15, 2023 6:42 PM
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S&P/TSX composite edges upward despite energy losses, U.S. markets also up
TORONTO — Losses in energy on Canada's main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39.
Feb 15, 2023 6:39 PM
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