the-market

Corus Entertainment ‘aggressively’ cutting costs, laying off more employees as revenue slumps

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Corus Entertainment ‘aggressively’ cutting costs, laying off more employees as revenue slumps

As revenue slumps from a “challenging advertising environment,” Canadian media company Corus Entertainment — which houses brands like Global News and YTV — is “aggressively” cutting costs, continuing layoffs and shutting down parts of its business. In the company’s third-quarter earnings call on Monday, co-chief executive officer John Gossling said that by the end of August, Corus expects it will have … Read more

Fewer home sales and lower average housing prices in Canada compared to last year

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Fewer home sales and lower average housing prices in Canada compared to last year

Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024.  According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up … Read more

Average asking rent in Canada up 7% from a year ago, even as price growth slows

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Average asking rent in Canada up 7% from a year ago, even as price growth slows

The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. The slowed pace of price growth is a sign that supply and demand are rebalancing in the rental … Read more

With supply rising and prices dropping, is it time to buy a new car?

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With supply rising and prices dropping, is it time to buy a new car?

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more

Beekeeper looks for answers after 1.2 million bees suddenly drop dead in Lively, Ont.

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Beekeeper looks for answers after 1.2 million bees suddenly drop dead in Lively, Ont.

Two weeks ago, Dawn Lalonde of Mikkola Family Farm & Apiary in Lively, Ont., was doing a routine checkup on one of her bee yards when she noticed something was off.  She usually hears the millions of bees in her 40 or so colonies buzzing around and about. But on that day, there was only silence. “The … Read more

U.S. Supreme Court decision rejects Purdue Pharma opioid settlement, leaving victims in limbo

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U.S. Supreme Court decision rejects Purdue Pharma opioid settlement, leaving victims in limbo

The U.S. Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. After deliberating more than six months, … Read more

Ottawa and industry at odds over financial risk of carbon capture technology

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Ottawa and industry at odds over financial risk of carbon capture technology

The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology’s adoption in Canada. It has been half a year since privately held Entropy Inc. inked a deal with the federal government that saw Ottawa agree to underwrite much of the risk … Read more

Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

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

Got thoughts on flying in Canada? The Competition Bureau wants to hear from you

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Got thoughts on flying in Canada? The Competition Bureau wants to hear from you

The federal Competition Bureau says it’s going to look the domestic air travel industry in Canada, and it’s looking for input from Canadians as it prepares to study the market in the coming months. The agency, which is tasked with enforcing competition law in Canada, said in a press release listing the reasons for its study that … Read more

Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct

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Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct

Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anti-competitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.” The Federal Court documents show the commissioner of competition launched the probes on March 1, saying there’s reason to believe the firms’ use of so-called property … Read more