Category: Canadian Business

Suburban homes might be cheaper, but beware the extra costs

Jess Morgan rents in the country’s hottest housing market and has been saving for the past six years for a down payment on her first home. She and her husband plan to start house hunting within the next two years in nearby Oakville, likely while continuing to work in downtown Toronto, about 40 kilometres away.…

Premier Kathleen Wynne’s housing plan won’t cool prices, realtors assert

Financially stretched house-hunters competing for the Toronto region’s limited supply of housing won’t wake up this weekend to a drop in home prices or bidding wars thanks to Premier Kathleen Wynne’s 16-point Fair Housing Plan. There were mixed reactions to the province’s announcement Thursday of proposed measures designed to cool the Toronto region’s fevered property…

Embrace automation and manage its side effects, says Senior Deputy Governor Wilkins

Available as: PDF Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today. “Canada is…

United CEO says no one will be fired for dragging incident

The CEO of United Airlines says no one will be fired over the dragging of a man off a plane — including himself. CEO Oscar Munoz said Tuesday that he takes full responsibility “for making this right,” and he promised more details later this month after United finishes a review of its policies on overbooked…

Monetary Policy Report Press Conference Opening Statement

Available as: PDF Good morning. Governor Poloz and I are pleased to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). There were a number of issues that were central to Governing Council’s deliberations that I would like to elaborate on before turning to your questions. Many…