Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, including several Canadians, after the U.S. government determined the company violated an agreement that had protected it from prosecution. The plea deal, which was revealed by the U.S. Justice Department on Sunday night and … Read more
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. Referred to as housing starts, new home construction was up 10 per cent in May compared to the previous … Read more
Drake has seemingly bet big on the Edmonton Oilers to win the Stanley Cup Finals. A recent post on his Instagram account outlines a $500,000 US bet in favour of the Canadian team hoping to bring the Cup north of the border for the first time in 30-plus years. “Oilers are self explanatory,” reads the post from … Read more
Plant biologist Marcus Samuel has been working for more than a decade to improve the climate resilience of crops. At his research greenhouse at the University of Calgary, he uses cutting-edge gene editing techniques to produce hardier varieties of plants able to withstand temperature fluctuations, floods and frosts. But while he has worked on canola, … Read more
Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely won’t last, according to Canada’s housing agency. Canadian mortgage debt totalled $2.16 trillion that month, up 3.4 per cent from the same period last year — a historically low … Read more
Ahead of Canada’s plan to move the Trans Mountain pipeline to Indigenous ownership, the federal government is changing how it manages the pipeline, according to a notice published Wednesday on the federal government’s official newspaper, Canada Gazette. The Canada Development Investment Corporation and Trans Mountain Corporation will no longer need authorization from a top official, the governor … Read more
The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to separate sets of numbers released today by the Canada Mortgage and Housing Corporation (CMHC) and the Canadian Real Estate Association. The CMHC, … Read more
Politics·New Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies. Crown corporation could run out of money in less than a year, cites declining revenue and stiff competition CBC News · Posted: May 03, 2024 … Read more
Parties to the massive Honda EV investment deal reached this week have tacitly acknowledged that foreign workers will be involved in setting up the proposed auto plants, while attempting to downplay an issue already seized upon by the federal Conservatives. In response to questions throughout the week, federal officials, their provincial counterparts and executives for the … Read more
Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more
