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Source: Financialpost July 16, 2024

Corus warns about its future after devastating loss of Warner TV rights

The media company reported revenue of $332 million in the fiscal quarter ended May 31Corus Entertainment Inc. said it may soon breach its debt covenants and that it’s planning further restructuring as advertising revenue continues to tumble. We apologize...

Source: Financialpost July 16, 2024

Posthaste: The largest trading partnership in the world is being tested

Canada falling behind Mexico as America's No. 1 partner We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: The largest trading partnership in the world is being tested...

Source: Financialpost July 16, 2024

Cleveland-Cliffs to buy Ontario steelmaker Stelco for $3.85 billion

Once called the Steel Company of Canada, Stelco traces its roots back more than 110 yearsCleveland-Cliffs Inc. agreed to buy Canadian steelmaker Stelco Holdings Inc. for about $3.85 billion, in the company’s first major move after losing out in its bid for U...

Source: Financialpost July 16, 2024

Diane Francis: Lavish condo purchased for consul general in New York epitomizes Trudeau's profligacy

Although the apartment isn't meant for the King, it’s fit for a kingLast week was a busy one for Prime Minister Justin Trudeau. Leaks undermining his finance minister surfaced, as did reports that he was courting former Bank of Canada governor Mark Carney. B...

Source: Financialpost July 15, 2024

Rate cut won't improve affordability or increase housing sales, majority of Canadians say in survey

72% believe the cut will have little effect on the housing market overallA significant majority of Canadians do not anticipate improved affordability or increased housing sales as a result of the Bank of Canada’s June rate cut, a new poll by market research...

Source: Financialpost July 14, 2024

Home prices to rise 9% this year, despite uncertainty over rate cuts, Royal LePage says

Prices increase 1.9 per cent in second quarter even as number of properties bought and sold sagThe national aggregate home price rose again in the second quarter and is expected to increase further by the end of the year, real estate firm Royal LePage said....

Source: Financialpost July 14, 2024

'Good luck getting a seat': That's the message to Canadians looking to fly this summer

Watch airline expert John Gradek break down the struggles plaguing the airline industry and what they could mean for summer travelJohn Gradek, faculty lecturer of supply networks and aviation at McGill University, talks with Financial Post’s Larysa Harapyn a...

Source: Financialpost July 13, 2024

'Something's wrong with this market' — private firms look to leave province as 'auto insurance crisis' roils Alberta

Chris Varcoe: As bills for motorists have risen in recent years, Alberta’s auto insurance system has been under an intense spotlightTwo private-sector auto insurers have served notice over the past month they’re leaving the province. We apologize, but th...

Source: Financialpost July 13, 2024

Jack Mintz: Federal employment bloat costing taxpayers at least $10 billion annually

Canada's population is up 12.5 per cent since 2014. The non-military federal civil service is up 39.9 per cent. What's going on?Buried among the many tables in Statistics Canada’s June employment report are data on public sector employment: federal, provinci...

Source: Financialpost July 13, 2024

Posthaste: Canada's housing obsession feeding into productivity slump, report says

More investment dollars going to real estate than to sectors that give economy bigger boost We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing obsessio...