Category: Canadian Business

Bank of Canada to make interest rate announcement Wednesday

OTTAWA —The Bank of Canada will decide today whether to continue raising interest rates, and will issue its latest predictions for the Canadian economy. Most economists expect the central bank to retain its key rate at 1.25 per cent, the level it has been at since the last quarter-point increase in January. But they’ll be…

GTA housing market poised for spring thaw

“Sizzling” might be overstating the warming property market. But the real estate industry is finally predicting a return to a traditionally brisk spring — the kind of season that was virtually lost last year when, after months of bully bids and frenzied buying, sales soared in March and then stopped almost overnight. Oakville broker Tracy…

Toy billionaire swoops in to save Toys ‘R’ Us

NEW YORK—Billionaire toy marketer Isaac Larian offered to save Toys “R” Us from liquidation with an almost $ 900-million (U.S.) bid for its stores in the U.S. and Canada that relies in part on crowdfunding. Larian is offering $ 675 million for the U.S. stores and $ 215 million for the outlets in Canada, he…

Business Outlook Survey – Spring 2018

Results of the Spring 2018 Survey | Vol. 15.1 | April 9, 2018 Results of the spring Business Outlook Survey suggest that business sentiment continues to be positive, supported by healthy sales prospects. Due to recent strong demand, capacity and labour pressures are evident in most regions. Overview Forward-looking sales indicators remain positive across most…