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Repaid CERB wrongly listed as taxable income on some tax slips: CRA

The CRA’s website notes that people who repaid Canada Emergency Response Benefits before December 31, 2020 should not have to…

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Canadian economy posts worst showing on record in 2020

The Canadian economy posted its worst showing on record in 2020 as the COVID-19 pandemic swept across the country shutting…

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Fixed mortgage rates are on the rise, mortgage brokers warn

After the record lows of last summer, fixed mortgage rates are starting to climb back up as the economy’s outlook…

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Business

Pain at the pumps: How gas in the Maritimes has jumped by as much 37% since November

An analysis by Global News shows that gas prices in the region have steadily increased since the beginning of November.…

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CPPIB CEO Mark Machin steps down after getting COVID-19 vaccine in UAE

Canada Pension Plan Investment Board said on Friday Mark Machin had stepped down as CEO of the country’s largest pension…

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How the pandemic pushed Canadian millennials to home ownership

As mortgage rates “fell to historically low levels”, Canadian millennials saw “a window of opportunity and went for it”, expert…

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GameStop, other meme stocks surge as trading frenzy resumes

GameStop shares surged Thursday as amateur investors jumped back into the stock weeks after a short squeeze triggered a 1,600…

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Business

Canada’s small businesses now have $135B in debt due to COVID-19, CFIB estimates

CFIB president Dan Kelly worries many small business owners will shut down just as the economy reopens because they will…

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Business

GameStop shares double after weeks of tumbles, even puzzling Reddit investors

Shares in the troubled video game company more than doubled Wednesday to $91.71 apiece, the stock’s best day since Jan.…

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Bank of Canada monitoring housing market amid ‘early signs’ of overheating

Bank of Canada Governor Tiff Macklem says rising prices in particular for single-family homes are still a long way from…

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Business

Canada’s big banks likely to give insight on economic recovery this week: analysts

Canadian bank earnings will kick off with Scotiabank and BMO on Tuesday. Read More source

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Business

Bitcoin hits US$1 trillion market capitalization as it notches new record

Bitcoin on Friday jumped to an all-time high above US$54,000, setting it on course for a weekly jump of more…

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Business

RRSP deadline: what a contribution means for your taxes this year

If you expect a hefty tax bill, an RRSP contribution can help you lower it, but there’s more to the…

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Business

‘I’ve been pushed to my absolute breaking point’: Canadian zoos struggle to survive

Zoo operators have been forced to pivot their business models and lobby for government support amid a near-full collapse in…

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Business

Retail sales fell 3.4% in December, marking biggest decline since April

Retail sales fell 3.4 per cent to $53.4 billion in December as sales fell in nine out of 11 subsectors…

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Business

Labour groups push for extending pandemic benefits past end of March

The Canadian Labour Congress said it’s unlikely workers in hard-hit sectors like restaurants and tourism will be back to full-time…

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Business

First Bitcoin ETF in North America launches on TSX amid crypto price boom

The Bitcoin ETF, developed by Toronto-based Purpose Investments, was approved for trading last week by the Ontario Securities Commission. Read…

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Business

Canadian Tire is closing its 18 National Sports stores. Here’s where they’re located.

Canadian Tire CFO Gregory Craig told investors the decision to close National Sports stores was difficult because of its impact…

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