Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s not going to be an easy job. The central bank cut rates this week for the first time since March 2022, when it embarked on one … Read more

Stressed at work? Anxious about the wider world? You might be part of ‘The Great Exhaustion’

Stressed at work? Anxious about the wider world? You might be part of ‘The Great Exhaustion’

Cost of Living76:40:00The Great Exhaustion For years, Sabrina Royal worked with one of Canada’s big banks. She worked her way up from an entry-level job to a management position. But that’s when her hours started getting out of hand. “When it was good, I was working 8 a.m. to about 6:30 p.m.,” Royal, 42, told … Read more

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada’s largest oilsands companies is optimistic about having a “line of sight” in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. The Pathways Alliance is not expecting any new commitments in the upcoming federal … Read more