Category: Canadian Business

Budget’s housing affordability changes to focus on supply, demand, regulation

OTTAWA – The Trudeau government will take steps in Tuesday’s federal budget to make home-buying more affordable with changes affecting supply, demand and regulation, The Canadian Press has learned. Finance Minister Bill Morneau has promised the budget will focus on ways to help improve housing affordability for Canadians, and particularly for millennials, who are now…

Quebec government doesn’t rule out buying SNC-Lavalin shares, Legault says

BROMONT, Que. – Quebec Premier Francois Legault says his government isn’t ruling out buying shares in SNC-Lavalin in order to prevent the company from being sold or dismantled. Legault said Friday that all options are currently on the table when it comes to saving the troubled Montreal-based engineering giant and the thousands of jobs it…

How does a plane get grounded in Canada?

As Canada joined countries around the world Wednesday in grounding the Boeing 737 Max 8, experts agree it was a rare move. It was also, they say, an example of the system working just as it should — by carefully looking at the evidence, rather than making knee-jerk decisions. “Until yesterday, there really wasn’t any…

Spending Shifts and Consumer Caution

We need time to better understand what’s happening A lot of economic data have been disappointing, including exports, investment and consumption. The first half of this year will probably be weaker than we forecast. But the job market is still strong and wages are rising. It’s a mixed picture, and we need more time and…

Elon Musk defends Tesla tweets that SEC says violated court order

Elon Musk told a New York judge that a pair of tweets he sent last month about Tesla Inc. weren’t improper, refuting a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social-media posts. The billionaire Tesla chief executive officer cited his constitutional right to…