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Alberta pitches new rules for auto insurance, including rate hikes, no-fault claims

Alberta pitches new rules for auto insurance, including rate hikes, no-fault claims

EDMONTON — Alberta Premier Danielle Smith says her government is making major changes to auto insurance, including allowing rate hikes and switching to a predominantly no-fault claims model.
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Safety board calls for changes two years after Nova Scotia fisherman's death at sea

Safety board calls for changes two years after Nova Scotia fisherman's death at sea

HALIFAX — An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry.
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Retail industry praises GST holiday but says it may be 'laborious' for some

Retail industry praises GST holiday but says it may be 'laborious' for some

A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean a lot of extra work in a short period of time.
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Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

EDMONTON — Alberta is forecasting a $4.6-billion surplus for this fiscal year, but Finance Minister Nate Horner says "mounting pressures" threaten to soon put the province in the red.
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Average rate on a 30-year mortgage in the US rises to highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday.
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CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.
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Economists say temporary tax cut, relief cheques play into rosier growth picture

Economists say temporary tax cut, relief cheques play into rosier growth picture

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.
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Northvolt says Quebec battery plant will proceed despite bankruptcy filing

Northvolt says Quebec battery plant will proceed despite bankruptcy filing

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in
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Dynamite, Garage parent company makes debut on Toronto Stock Exchange

Dynamite, Garage parent company makes debut on Toronto Stock Exchange

Womenswear retailer Groupe Dynamite Inc has made its Toronto Stock Exchange debut. The Montreal-based firm behind the Dynamite and Garage stores began trading Thursday under the ticker GRGD.
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