Business News

The Canadian Real Estate Association says the number of homes sold in November rose 26 per cent compared with a year ago, marking the second straight month of large year-over-year gains.

Ottawa was gripped by political drama on Monday after Finance Minister Chrystia Freeland stunningly resigned from cabinet, hours before she was scheduled to table the Trudeau government’s Fall Economic Statement. Read More

In a shocking move, Finance Minister Chrystia Freeland announced Monday she's resigning from Prime Minister Justin Trudeau's cabinet — just hours before she was set to deliver the government's fall economic statement.

The mental health of Canadian workers hasn’t been this bad since the darkest days of the pandemic and financial worries are driving the decline, finds a new study by Telus Health out today. Read More

The federal government unveils its long-awaited fall economic statement today — putting to rest weeks of speculation about a higher-than-projected deficit and the potential failure of other fiscal "anchors" Ottawa claimed would keep its budget on track.

Canadians could see some relief as they fill their carts this holiday season. Turkey prices appear to be easing, and after years of food inflation, the cost of many staple ingredients has stabilized. Still, years of rising costs mean that many dishes cost more than they once did.

Canada Post says operations will resume on Tuesday after the Canada Industrial Relations Board ordered a return to work.

The federal government announced the plan to temporarily waive the five per cent goods and services tax in a bid to help ease affordability concerns during the holiday season.

An Ontario court has given The Body Shop Canada the approval it needs to sell the majority of its business to a private equity firm. During a virtual hearing on Friday, a judge allowed the cosmetics retailer to proceed with a sale to an affiliate of Markham, Ont.-based Serruya Private Equity Inc.

For the owner of Sparta Country Candles and Anything Used, a store located southeast of London, Ont., the news that Ottawa is ordering Canada Post employees back to work pending arbitration was small consolation. Read More

Labour Minister Steven MacKinnon is sending the labour dispute between Canada Post and the Canadian Union of Postal Workers (CUPW) to the Canada Industrial Relations Board.

Many Canadians are choosing to stay home for the holidays because budget constraints are keeping them from travelling this winter, according to a new survey by Simplii Financial. Read More

Bitcoin has climbed above $100,000 US since Donald Trump won the presidential election. Now, he's filling his administration with pro-crypto advisers, and seems to be backing the idea of a bitcoin reserve held by the U.S. Treasury. Analysts say that could boost the price by another 50 per cent.

With the federal government's GST holiday kicking in Saturday, small retailers say they're preparing as best as they can for what could be a period of shopping chaos.

Airline CEOs defended carry-on baggage fees as they faced questions from MPs on the House transport committee on Friday.

Central bank may have to cut more if tariffs are enacted and growth slows, but other adjustments will also be required, says Paul Beaudry

A handful of investors — including Spain’s Ferrovial SE and Canada’s Caisse de dépôt et placement du Québec — have sold down their holdings in the company that controls London’s Heathrow Airport in a transaction valued at £3.3 billion. Read More

Will partner with The One's lenders to complete 85-storey building located in the heart of the city's downtown

Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent as it continues to work to improve its performance and lower costs from its oilsands assets.

Currency expert Karl Schamotta talks with Financial Post’s Larysa Harapyn about the loonie — already down significantly this year against the greenback — as the Canadian and U.S. economies and central banks pursue “very different trajectories.” Read More