Home sales increase for 4th straight month, but prices still flat nationally

Activity in Canada’s housing market has picked up after a trough earlier in the year, but on a national level average prices are still barely higher than they were a year ago. The Canadian Real Estate Association, which represents 125,000 realtors across the country, said home sales increased by 0.9 per cent in August, the […]

Loblaws to appeal court ruling that calls for payment of $368M in back taxes

Loblaw Cos. Ltd. says it will appeal a tax court decision that leaves the grocery chain on the hook for a $368 million charge connected to one of its banking subsidiaries in Barbados. On Friday, the Tax Court of Canada ruled on a case that was started in 2015 but traces its roots to 1992, when […]

‘They’re less tied to religion’: Shift toward cremation causes shortfall in Saskatoon cemetery revenue

The City of Saskatoon is projecting a $1.1 million shortfall in its 2018 operating budget — and $700,000 of that shortfall is attributed to lower-than-expected cemetery revenues. It’s part of a larger social shift toward choosing cremation over burial, said Tom Jokinen, a former CBC journalist and the author of Curtains: Adventures of an Undertaker-in-Training. […]

Useful lessons from Venezuela’s crumbling populist economy: Don Pittis

In an era of polarized politics, the reaction last week when Canada’s Special Envoy to Myanmar Bob Rae tweeted about Venezuela, should not have been a surprise. On the face of it, the tweet by Rae, who was interim leader of the federal Liberals and the only provincial New Democratic Party leader to ever become premier of Ontario, reflected […]

As airlines hike checked bag fees, charges for carry-on luggage could be next

Buckle up: Now that Air Canada and WestJet have hiked their checked bag fees for economy fares, some airline experts predict charges for carry-on luggage could be next. “It’s only a matter of time,” said airline analyst, Fred Lazar. He believes higher checked bag fees will inspire even more people to stuff all their luggage […]

Apple earnings beat expectations as it sells pricier iPhones

Apple Inc. on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud. Apple beat sales estimates in part by selling fewer but pricier iPhones than analysts expected. The […]

What governments spend on refugees is less important than how they spend it

As cities, provinces and Ottawa squabble over who will pick up the tab for the latest influx of refugees, it’s worth taking a look at what the bill really is and why. Ontario’s government is demanding Ottawa dispatch $200 million to the province to pay for the costs associated with asylum seekers illegally crossing into the […]

New court docs outline what Competition Bureau says happened in bread price-fixing scheme

Newly released court documents shed light on how Canada’s Competition Bureau says major Canadian grocery chains and bakeries plotted to fix the price of bread for more than a decade. On Thursday, Justice Lynn Ratushny of Ontario Superior Court allowed the release of a new section of previously released documents that lay out the consumer […]