Canadian home sales expected to fall 11% this year

Home sales in Canada are projected to slide by 11 per cent this year, according to a new forecast by a national real estate group. In a mid-year update to its market outlook released Friday, the Canadian Real Estate Association (CREA) said resales of homes this year via the Multiple Listing Service (MLS) is now seen coming […]

Designer Louboutin wins case on red soled high-heels

The European Union’s top court has defended French fashion designer Christian Louboutin’s claim to trademark red soled high-heel shoes. The European Court of Justice ruled Tuesday that Van Haren, a Dutch company that sold similar shoes, had infringed the trade mark. The court said that it did not matter that the shoes were different in […]

Trudeau and Trump discuss speeding up NAFTA talks in meeting at G7

Prime Minister Justin Trudeau and U.S. President Donald Trump discussed accelerating NAFTA talks during a bilateral meeting at the G7 summit of Friday. “The prime minister and the president had a very positive, productive meeting and it lasted longer than originally scheduled,”​ a senior government official, speaking on background, told reporters assembled at the G7 summit Friday. […]

Canadian exports hit all-time high in April

Canada’s exports hit an all-time high in April, helping to push the country’s overall trade deficit down for the month, Statistics Canada reported Wednesday. The federal government agency said Canada’s exports increased 1.6 per cent to a record $48.6 billion in April, marking a sixth increase over the past seven months. Exports of metal and non-metallic mineral products, consumer […]

Liberals set to ask expert panel to look at ways to regulate online streaming services

The federal Liberals are enlisting seven experts to help rewrite the country’s broadcasting regulations so online streaming giants like Netflix and Spotify are forced to give a boost to Canadian content. Government officials, speaking on condition of anonymity because the information was not yet public, say the panel will also be asked to review the […]

2 Kinder Morgan Canada executives each get $1.5M bonus as part of Trans Mountain deal

A pair of executives at Kinder Morgan Canada have each been awarded $1.5-million retention bonuses in connection with the $4.5-billion sale of the Trans Mountain pipeline to the Canadian government. The company’s board of directors approved the bonuses, which will be paid to Ian Anderson, president of the company, and David Safari, who is vice-president of the Trans […]

Shares of Canadian metal companies take hit on U.S. tariff announcement

Shares of Canadian metal companies got sideswiped Thursday after the Trump administration announced it will impose tariffs of 25 per cent on imported steel and 10 per cent on imported aluminum from Canada, beginning at midnight. The new tariffs will also affect U.S. imports from Mexico and the European Union. ​ In trading on the Toronto […]