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Rents fall as new completions surge and demand slows, but rebound expected: CMHC
OTTAWA - Canada’s housing agency says rental prices have fallen amid an influx of new completions and slower population growth,…
Cineplex box office $60.5 million in May, concession spending per patron sets record
TORONTO - Cineplex Inc. reported its box office revenue rose to $60.5 million in May, up from $55.3 million in…
Merchandise trade surplus $2.7 billion in April as oil prices help boost exports
OTTAWA - Statistics Canada says the country’s merchandise trade surplus grew to $2.7 billion in April as higher oil prices…
Air Canada pilot who flew without correct licence fined, police to hold update
Air Canada says a former pilot has been fined by Transport Canada for not having the correct licence to be…
Bombardier expanding Singapore service centre, operations expected to start in 2028
MONTREAL - Bombardier Inc. has announced plans to expand its Singapore service centre.The company says the new facility at JTC’s…
Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'?
As housing developments across the province falter, the province is using its newly formed Building Ontario Fund to invest up to $178…
Bank of Canada likely to hold key interest rate this week: economists
The Bank of Canada is widely expected to keep its key interest rate unchanged on Wednesday — but this week’s…
US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using…
Federal government starts public consultation on future of Toronto's island airport
The federal government is starting public consultations on the fate of Toronto’s island airport, which the province wants to expand…