Category: Economy

Mar 26

Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up

Breadcrumb Trail Links PMN Personal Finance PMN Business Author of the article: The Canadian Press Darryl Greer Published Mar 26, 2023  •  4 minute read Join the conversation Credit cards shown on Thursday, Oct. 6, 2022. Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the […]
Feb 8

How much Canadians have fallen behind amid high inflation and who’s hurting the most

Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Nojoud Al Mallees Published Feb 08, 2023  •  5 minute read Join the conversation Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on […]
Feb 2

Canada Goose cuts outlook after COVID disruption hits China sales

Breadcrumb Trail Links Retail & Marketing News Economy Revenue down in third quarter Canada Goose Holdings Inc. sales were hit by COVID-19 disruptions in China. Photo by Galit Rodan/Bloomberg Article content Canada Goose Holdings Inc. reported a drop in third-quarter sales amid disruption from China lifting its zero-COVID-19 policy and a tougher macro environment in […]
Jan 25

Why David Dodge thinks Ottawa’s plans to restore fiscal balance are on shaky ground

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Federal government needs to limit spending and borrowing to get debt levels under control Former Bank of […]
Jan 25

Chrystia Freeland finally offers plan to help Bank of Canada cover its losses

Breadcrumb Trail Links Finance Economy Banking Legislative tweak will allow Bank to get rid of its first red ink in history Finance Minister Chrystia Freeland has told Bank of Canada governor Tiff Macklem that the government will amend legislation so that the central bank can keep earnings to offset its losses. Photo by REUTERS/Blair Gable […]