Canada

27 Mar Apartment construction surged last year but demand still outpacing supply, says CMHC

Posted at 14:40h in Canada

A surge in new apartment construction drove housing start increases in several major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the federal housing agency.The report from Canada Mortgage and Housing Corporation focuses on six major cities: Toronto,...

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27 Mar Chocolate prices have tripled. What does that mean for your Easter egg basket?

Posted at 08:00h in Canada

Easter season is underway at Toronto's The Chocolateria, where the walls are lined with bunny-shaped chocolate treats, chocolate eggs wrapped in colourful foil, and delicate "smash" eggs paired with a mini chocolate hammer.If only the main ingredient weren't so expensive: Cocoa prices have tripled in the...

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26 Mar Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

Posted at 16:55h in Canada

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.In a speech, senior deputy governor Carolyn Rogers says...

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26 Mar Canada Goose is laying off 17 per cent of its global corporate staff

Posted at 16:27h in Canada

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce.CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the...

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25 Mar Discount retailer Giant Tiger says customer data was compromised in third-party breach

Posted at 18:05h in Canada

Discount retailer Giant Tiger says contact information for some of its customers was compromised in an "incident" linked to a third-party vendor it uses.Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, said it would not name the vendor on Monday but said Giant Tiger uses the...

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25 Mar Former Toronto mayor John Tory to rejoin Rogers Communications board of directors

Posted at 15:46h in Canada

TorontoFormer Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc.Tory listed among 14 proposed management nominees for company's annual meetingThe Canadian Press · Posted: Mar 25, 2024 11:46 AM EDT | Last Updated: 1 hour agoTory's return...

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25 Mar Boeing CEO Dave Calhoun to step down at end of year amid plane-maker’s woes

Posted at 12:36h in Canada

The top executive at embattled plane-maker Boeing will step down this year amid a broader shakeup of the company's leadership, capping a tumultuous five-plus years that have shaken faith in one of America's most storied manufacturers.In a letter to employees announcing his departure, CEO Dave Calhoun...

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23 Mar Calgary startup aims to launch sustainable aviation fuel facilities on the Prairies

Posted at 08:00h in Canada

For anyone who has flown with United Airlines over the last year or so, you've likely seen the in-flight video promoting the company's first Chief Trash Officer — Oscar the Grouch.It's all part of a marketing campaign to promote the airline's ambitions to use more...

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22 Mar Stellantis recalls 10,000 vehicles in Canada for airbag defects

Posted at 17:55h in Canada

Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags.The company says an estimated 10,285 Dodge Charger and Chrysler 300 sedans between 2018 and 2021 have been recalled to replace their side airbag inflator, which can explode with too...

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22 Mar Costly repairs could mean higher premiums for EV drivers: report

Posted at 08:00h in Canada

After Benjamin Vassalle hit a deer during a nighttime drive in northern Ontario in January, he and his partner knew that repairing their damaged electric vehicle would come at a cost.Yet when their insurance company sent the car to an independent garage, the vehicle stayed there untouched...

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