GST savings not as big: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday. But the PBO’s estimate of the plan’s total cost is substantially lower than the federal government’s […]

Investors watch US-China talks

TORONTO — Canada’s main stock index rallied Tuesday on the strength of battery metals and energy stocks, while U.S. stock markets also rose. Investors were sitting tight as the U.S. and China held a second day of talks aimed at easing their trade dispute. Stocks have rallied on expectations that President Donald Trump will lower […]

Disney finally lands Hulu

Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service. The move closes out an appraisal process that’s dragged on for a few years. Disney said in November 2023 it was acquiring a 33% stake in Hulu from Comcast for at least $8.6 billion. That […]

Index keeps going higher

Canada’s main stock index edged up, and U.S. markets climbed as investors tried to tune out the latest noise from U.S. President Donald Trump’s tariff war. “I think everybody’s taking a wait-and-see approach,” said Allan Small, senior investment adviser at iA Private Wealth, referring to worldwide “reciprocal” tariffs on pause for at least another month. […]

Big chance for domestic tourism

OTTAWA — A new report argues that Canada’s trade war with the United States might come with a silver lining for the domestic tourism industry. The Conference Board of Canada says its April travel intentions survey suggests roughly 27% of Canadian respondents are considering a trip to the U.S. in the next few years, down […]

Index soars to record close

Canada’s main stock index rode energy stocks to a record close Monday, despite a cautious day that followed a month of major gains and a weekend checkered with angst over higher steel tariffs and developments in Ukraine and the Middle East. “There was actually a fair bit of nervousness coming into today on the weekend, […]

Counter-tariffs paying off

OTTAWA — Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government’s latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure […]

Index slips again, but still strong

Canada’s main stock index on Friday continued to trim the gains that pushed it to a record closing high two days earlier, as investors retreated to defensive stocks while energy and information technology took a hit. “It’s been another roller-coaster day in markets, capping off generally strong equity index returns for the month,” said Kathrin […]

Swift buys back her music

NEW YORK — Taylor Swift has regained control over her entire body of work. In a lengthy note posted to her official website on Friday, Swift announced: “All of the music I’ve ever made now belongs to me.” The pop star said she purchased her catalog of recordings—originally released through Big Machine Records—from their most […]

Tariff decisions dent index

Canada’s main stock index fell and U.S. markets rose Thursday as investors reacted to U.S. court decisions blocking—and then temporarily reinstating—many of President Donald Trump’s tariffs. “I think it just underscores the uncertainty and the question marks around tariff policy and the potential for ongoing volatility,” said Candice Bangsund, vice-president and portfolio manager at Fiera […]