The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.

Statistics Canada says annual inflation rate slowed to 3.1% in October

Economic Indicators

Statistics Canada says annual inflation rate slowed to 3.1% in October

Report suggests there is no need for further rate hikes

By The Canadian Press | November 21, 2023

2 min read

Annual pace of housing starts edged up in October: CMHC

Economic Indicators

Annual pace of housing starts edged up in October: CMHC

Single-detached urban starts contributed to the increase

By The Canadian Press | November 16, 2023

1 min read

Top 1% of tax filers saw incomes rise by almost 10% in 2021: StatsCan

Economic Indicators

Top 1% of tax filers saw incomes rise by almost 10% in 2021: StatsCan

Those in the bottom half of earners saw their average income decline

By The Canadian Press | November 10, 2023

1 min read

Canadians should plan for higher rates in the long run: BoC

Policy

Canadians should plan for higher rates in the long run: BoC

More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says

By The Canadian Press | November 9, 2023

2 min read

Budget update: Quebec boosts aid payments, says economy is in “stagnation”

Policy

Budget update: Quebec boosts aid payments, says economy is in “stagnation”

The government is increasing certain tax credits and social benefits

By The Canadian Press | November 8, 2023

3 min read

Canadian business insolvencies surge almost 42% from last year

Economic Indicators

Canadian business insolvencies surge almost 42% from last year

Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges

By The Canadian Press | November 3, 2023

2 min read

Canada’s jobless rate rises to 5.7% in October

Economic Indicators

Canada’s jobless rate rises to 5.7% in October

Labour market is softening in the face of higher interest rates

By The Canadian Press | November 3, 2023

2 min read

Feds urged to block RBC-HSBC deal 

Industry

Feds urged to block RBC-HSBC deal 

Finance committee says removal of competitor could raise already-elevated bank fees

By The Canadian Press | November 2, 2023

1 min read

Canadian companies transferred $120B to Luxembourg: study

Tax News

Canadian companies transferred $120B to Luxembourg: study

Some of the 59 companies avoiding tax were in the finance sector

By The Canadian Press | November 2, 2023

1 min read

Calgary Real Estate Board reports 17% increase in home sales for October

Economic Indicators

Calgary Real Estate Board reports 17% increase in home sales for October

But inventory levels remain lower than what's traditionally available for the month

By The Canadian Press | November 1, 2023

1 min read

Ontario scraps its portion of HST on purpose built rentals

News

Ontario scraps its portion of HST on purpose built rentals

New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences

By The Canadian Press | November 1, 2023

1 min read

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