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By making second homes unattractive to many potential owners, taxes on 'under-occupied' homes may actually reduce the overall supplyThe latest fashion in tax grabs is the vacant property tax (VPT). In Vancouver it’s called the “empty home tax.” In Toronto it...

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Federal deficit soars to $23.6 billion as debt charge...

Operations cease Monday. Here's what that means to customers en route and those who booked flights in the futureUltra low-cost carrier Lynx Air will be ceasing operations after obtaining creditor protection under the Companies’ Creditors Arrangement Act, the...

Clear path to 2% inflation seen in third quarter instead of next year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada a lot closer to inflation tar...

Impoverished and desperate for cash, Venezuela is trying to collect old debts from a program that sold oil to poor countriesAt the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constella...

Quebec’s public pension manager reported a 7.2 per cent return in 2023, as losses in real estate detracted from big gains in its credit and stock portfolios. Caisse de Depot et Placement du Quebec has restructured its real estate business, shifting capital...

Nvidia is on track to break the record for a single-session jump in market value, but a portfolio manager says the chipmaker is still underpriced and recommends the stock as one of his top picks in the tech sector. Francisco Bido, senior portfolio manager...

The San Francisco-based social media company, more than two years after first filing confidentially with the U.S. Securities and Exchange Commission, submitted those plans publicly on Thursday. Reddit won’t disclose proposed terms for the IPO, including it...

Canada's main stock index gained almost 150 points Thursday, while its Wall St. counterparts soared, led by technology stocks after another blowout report from chipmaker Nvidia.  The S&P/TSX Composite Index closed up 145.68 points, or 0.69 per cent, at 21,...

  The stock rally powered ahead as Nvidia Corp.’s bullish outlook rekindled the artificial-intelligence mania and data showed the world’s largest economy is still going strong. From the U.S. to Europe and Japan, equities hit all-time highs, with the mos...