Business Buzz


Home sales expected to fall
The Canadian Press - Sep 15, 2017 - Business Buzz

The Canadian Real Estate Association has downgraded its sales forecast this year as national home sales slipped 9.9 per cent in August compared with a year ago. The association expects sales to decline by 5.3 per cent year-over-year to 506,900 changing hands this year, or 20,000 fewer than previously forecast in June. It projects sales […]

Household debt climbs
The Canadian Press - Sep 15, 2017 - Business Buzz

Statistics Canada says the amount Canadians owe compared with their disposable income climbed higher in the second quarter. The agency says household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter. That means for every dollar of household disposable income […]

Lumber demand to soar
The Canadian Press - Sep 14, 2017 - Business Buzz

Demand for wood products to help rebuild after two devastating hurricanes in the United States will put pressure on the White House to sort out the latest softwood dispute with Canada, Natural Resources Minister Jim Carr said Thursday. Carr made the comments about the storm damage following a speech at a meeting of the Canadian […]

Air Can reaches pilot deal
The Canadian Press - Sep 14, 2017 - Business Buzz

Air Canada says it has reached an agreement to expand the number of aircraft in its discount brand Rouge. The deal was made in co-operation with its 3,500 pilots represented by the Air Canada Pilots Association. Air Canada said the new arrangements amend the 10-year agreement it reached with its pilots in October 2014. The […]

Int’l aerospace dog fight
The Canadian Press - Sep 13, 2017 - Business Buzz

New details are emerging about the high-level, backroom wrangling around Boeing Co.’s dispute with Bombardier, which is quickly becoming an international dog fight. The Trudeau government revealed Tuesday that it held secret talks with Boeing in hopes of convincing the U.S. aerospace giant to drop its case against Bombardier at the U.S. Commerce Department. The […]

Women still earning less
The Canadian Press - Sep 13, 2017 - Business Buzz

Men and women are each making comparable contributions to the family finances in nearly one-third of all couples, Statistics Canada said Wednesday as the latest data from the 2016 census revealed new details about how — and which — Canadians are paying the bills. Of the 8.2 million married or common-law couples in the country […]

Record month for WestJet
The Canadian Press - Sep 12, 2017 - Business Buzz

WestJet says its airplanes flew fuller than ever in August as it set records for the most passengers moved in a month. The Calgary-based airline reports moving 2.3 million people last month, an increase of almost 14 per cent or 288,000 compared with August 2016. CEO Gregg Saretsky says the August passenger numbers were the […]

50,000 jobs at stake
The Canadian Press - Sep 12, 2017 - Business Buzz

The province’s financial watchdog says that Ontario’s proposed minimum wage hike could result in more than 50,000 job losses. In a report released today, Financial Accountability Officer Stephen LeClair estimates that job losses will be concentrated among teens and young adults. In July, Premier Kathleen Wynne announced her government would increase Ontario’s minimum wage to […]

Bank defends silence
The Canadian Press - Sep 11, 2017 - Business Buzz

The Bank of Canada is defending itself amid questions about its public silence ahead of an interest-rate increase last week that caught many analysts by surprise. The response came after BMO chief economist Doug Porter took issue with the central bank’s lack of public remarks in the eight weeks before the rate increase. In a […]

Strike vote at UBC
The Canadian Press - Sep 11, 2017 - Business Buzz

Unionized maintenance workers at the University of British Columbia’s main Vancouver campus are threatening to walk off the job if a contract dispute is not resolved. The International Union of Operating Engineers says 100 of its members who work on the heating and cooling systems at the university’s Point Grey campus have voted unanimously in […]