Canada

TORONTO – Seven-year-old Stanley has been donning a wet suit to swim in his pool since March to keep busy while shut-in at home during the COVID-19 pandemic.That routine will carry on this summer since camps are closed because of the…

In a newly released report by the Canadian Urban Institute, Gabriel Eidelman, director of the Urban Policy Lab at the University of Toronto’s Munk School of Global Affairs and Public Policy, and Neil Bradford, chair of political science at…

Each day, SoHo hotel general manager David Kelley hears the sound of his footsteps echoing off the marble floors and panelled walls as he walks across the lobby, a space as empty as the 89 rooms above him.''It is very quiet. We keep it…

MONTREAL – Bell says it has launched its new high-speed 5G wireless network in five cities today.The company says the new service is now available for customers in Montreal, the Greater Toronto Area, Calgary, Edmonton and Vancouver.…

TORONTO – Starbucks is planning to close up to 200 coffee shops across Canada as it responds to changes in consumer habits during the COVID-19 pandemic.The Seattle-based chain is restructuring its company-operated business in Canada…

TORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout.Premier Doug Ford says the moratorium applies to small…

The Retail Council of Canada (RCC) has stated that it “applauds the governments of Alberta and Saskatchewan for listening and responding to the needs of small and medium sized retail businesses with today's announcements of moratoriums on…

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound.The bank left its target for the overnight…

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and new listings fell by more than half in April 2020 compared to March.According to the CREA:Canadian home sales and listings post record…

DBRS Morningstar has released a commentary titled Macroeconomic Scenarios: Canada’s Residential Mortgage Market. In this commentary, DBRS Morningstar build’s on our two macroeconomic scenarios for Canada to assess how the economic outlook…