Skip to content

National Business

Bank of Canada to end credit market aid programs amid improving economy

Bank of Canada to end credit market aid programs amid improving economy

OTTAWA — The Bank of Canada says it will wind down several pandemic buying and lending programs aimed at keeping credit flowing, believing its work there is done as market conditions improve.
Nova Scotia capital budget over $1 billion for second consecutive year

Nova Scotia capital budget over $1 billion for second consecutive year

HALIFAX — For the second consecutive year Nova Scotia’s Liberal government has released a capital budget with over $1-billion in spending — a level the finance minister says will be sustained for years to come. The $1.

Caisse and Teachers'-backed Constellation enters into first acquisition deal

MONTREAL — Constellation Insurance Holdings Inc. says it has entered into its first acquisition agreement, to purchase Ohio National Mutual Holdings Inc. for US$1 billion.
Park outdoors: Ram recalls heavy-duty trucks for fire risk

Park outdoors: Ram recalls heavy-duty trucks for fire risk

DETROIT — The company that makes heavy-duty diesel Ram trucks is telling some owners to park them outdoors due to the risk of an engine fire. Fiat Chrysler, now part of Stellantis, is recalling just over 20,000 of the trucks mainly in the U.S.
Sales of new homes plunged 18.2% in February

Sales of new homes plunged 18.2% in February

WASHINGTON — Sales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry.
Cottage prices forecast to rise 15 per cent in 2021 amid boom in remote work

Cottage prices forecast to rise 15 per cent in 2021 amid boom in remote work

Real-estate company Royal LePage says the average price of a house in Canada's "recreational property regions" will rise 15 per cent in 2021 to $502,730, as the pandemic prompts buyers to explore country living.
Reputation of AstraZeneca's COVID vaccine marred by missteps

Reputation of AstraZeneca's COVID vaccine marred by missteps

LONDON — AstraZeneca's release Monday of encouraging data about its coronavirus vaccine from its U.S. trial raised hopes that the drug company could put a troubled rollout behind it.
Bike repair wait times stretch for months amid parts shortage due to COVID

Bike repair wait times stretch for months amid parts shortage due to COVID

One year to get a 12-speed chain. Five hundred days for a new saddle. And up to a two year wait until certain bike models come back in stock.
George Weston Ltd. puts Weston Foods bakery business up for sale after review

George Weston Ltd. puts Weston Foods bakery business up for sale after review

TORONTO — George Weston Ltd. is putting its Weston Foods bakery business up for sale and doubling down on its core retail and real estate operations, the company said Tuesday.
Tricon and CPPIB create joint venture to build rental housing in Toronto

Tricon and CPPIB create joint venture to build rental housing in Toronto

TORONTO — Rental housing company Tricon Residential Inc. and the Canada Pension Plan Investment Board have signed a deal to create a joint venture to develop rental projects in the Greater Toronto Area.