The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.

Industry

Blackstone buys Toronto rental development company

Tricon Residential will go private in a US$3.5-billion deal

By The Canadian Press and Staff |January 19, 2024

1 min read

Economic Indicators

Canada added just 100 jobs in December

Softer job market conditions came as high interest rates continued to weigh on growth

By The Canadian Press |January 5, 2024

1 min read

Economic Indicators

GDP unchanged for third straight month in October

Manufacturing, wholesale trade, real estate were among sectors that contracted

By The Canadian Press |December 22, 2023

1 min read

Economic Indicators

Federal government posts $15B deficit between April and October

Public debt charges were up 38% compared to the same period last year

By The Canadian Press |December 22, 2023

1 min read

Economic Indicators

Annual rent increases slowing as average asking price reaches $2,174 in November

There were notable slowdowns in two of Canada's most expensive major cities for renters

By The Canadian Press |December 18, 2023

1 min read

Industry

TMX Group buying 78% stake in VettaFi

The TSX operator acquired a 22% stake in the company earlier this year

By The Canadian Press |December 14, 2023

1 min read

Economic Indicators

Household debt ratio falls in Q3, but service costs rise

Statistics Canada found household disposable income rose 1.0%, while credit market debt gained 0.8%

By The Canadian Press |December 13, 2023

1 min read

Regulation

Bank regulator maintains uninsured mortgage stress test rate

OSFI says the stress test has produced a more resilient residential mortgage financing system

By The Canadian Press |December 12, 2023

1 min read

Economic Indicators

Equifax report says Q3 business delinquencies up from previous quarter

More businesses are seeking credit as the end of the year approaches

By The Canadian Press |December 12, 2023

1 min read

Living Benefits

Manulife signs reinsurance deal with Global Atlantic, plans to buy back shares

Manulife said the deal is expected to release $1.2 billion of capital

By The Canadian Press |December 11, 2023

1 min read

Industry

Half of first-time homebuyers likely to use FHSA: poll

A majority of respondents didn't know the features and benefits of the account

By The Canadian Press |December 7, 2023

1 min read

Economic Indicators

Montreal home sales in November edged down from year ago

Home sales in the region totalled 2,664, down from 2,700 in November 2022

By The Canadian Press |December 6, 2023

1 min read

Economic Indicators

Statistics Canada reports $3B merchandise trade surplus for October

Imports fell 2.8% for the month to $63 billion

By The Canadian Press |December 6, 2023

1 min read

Economic Indicators

Greater Toronto home sales fall amid affordability challenges

In Vancouver, home sales rose as newly listed properties added to supply

By The Canadian Press |December 5, 2023

1 min read

Regulation

Financial intelligence agency hands down $7.5M penalty to Royal Bank of Canada

The fine announced Tuesday is the largest ever imposed by FINTRAC

By Jim Bronskill and The Canadian Press |December 5, 2023

1 min read

Industry

National Bank reports Q4 profit up from year ago, raises quarterly dividend

Profit in wealth management was down 20%

By The Canadian Press and Staff |December 1, 2023

1 min read

Economic Indicators

Unemployment rate rises to 5.8% in November

Canadian economy added a modest 25,000 jobs in the month

By The Canadian Press |December 1, 2023

1 min read

Industry

B.C. files application for Canada’s first unexplained wealth order

The notice of civil claim is the start of a series of similar applications, minister says

By The Canadian Press |November 30, 2023

1 min read

Economy

Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

Staffing issues led some employers to work more hours, reduce hours of operation and refuse services contracts

By The Canadian Press |November 29, 2023

1 min read

Economic Indicators

Statistics Canada says annual inflation rate slowed to 3.1% in October

Report suggests there is no need for further rate hikes

By The Canadian Press |November 21, 2023

1 min read

More Columnists

Ben Felix

Planning and Advice

What is a safe withdrawal rate in retirement?

November 28, 2023|4 min read

Coreen Sol

Unravelling confirmation bias

December 15, 2023|2 min read

Why less is more when it comes to investment decisions

October 25, 2023|3 min read

Sam Sivarajan

Planning and Advice

Understanding clients means helping them feel in control

December 20, 2023|3 min read

How our five brains affect financial advice

October 23, 2023|3 min read

Catherine Hung

Tax & Estate

Beware of tainting GRE status

January 17, 2024|4 min read

Avoid double taxation on wealth transfers to the next generation

October 26, 2023|4 min read

Matt Trotta

Tax & Estate

RRSPs and estate administration

November 15, 2023|6 min read

RESPs and blended families

August 30, 2023|5 min read

Mark Rosen

Investments

Advisors should be wary of conflicts when reviewing stock ratings

December 15, 2023|3 min read

Some energy firms are quietly separating their ESG businesses

September 15, 2023|3 min read