News
Average US long-term mortgage rate rises to 6. 3%, ending a 3-week slide
16+ hour, 18+ min ago (605+ words) The average long-term U. S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season. The benchmark 30-year fixed rate mortgage rate rose to 6. 3% from 6. 23% last week, mortgage buyer Freddie Mac said…...
Canada, U. S. stock markets slide as oil prices rise and tech stocks fall
2+ day, 13+ hour ago (581+ words) The Toronto Stock Exchange Broadcast Centre is shown in Toronto on Friday June 28, 2013." TORONTO - Stock markets in Canada and the U. S. moved lower on Tuesday amid losses in tech stocks and rising oil prices due to the Middle East conflict." "I…...
Bank of Canada expected to hold interest rate to 2. 25%
3+ day, 22+ min ago (257+ words) Despite inflation'spike and global economic uncertainty due to war on Iran, economists say bank governor Tiff Macklem will likely keep a lid on rates in Wednesday policy announcement....
More PTO? Better pay? Remote work forever? Tell us what would make you happier at work
3+ day, 22+ min ago (22+ words) Tell us what your workplace is missing, what's keeping you going or what would finally make Monday mornings a little less painful...
Federal government reports $25. 5 B deficit for its April-to-February period
6+ day, 18+ hour ago (155+ words) Renovations of the Centre Block of Parliament Hill continue in Ottawa on Wednesday, April 22, 2026. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA - The federal government posted a budgetary deficit of $25. 5 billion for the April-to-February period of its 2025-26 fiscal year. In its monthly…...
Rise in mortgage defaults predicted by bank watchdog amid Trump tariffs, war in Iran
2+ week, 2+ day ago (583+ words) Office of the Superintendent of Financial Institutions'predicts residential mortgage loan arrears or defaults will rise over the next two years.' "The market is certainly predicting higher interest rates," said OFSI head Peter Routledge, "which will translate into higher borrowing rates,…...
Statistics Canada reports wealth and income gaps grew in 2025
2+ week, 3+ day ago (216+ words) A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a $20 bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Wednesday, Sept. 4, 2024. OTTAWA - Statistics Canada…...
National employment numbers for March from Statistics Canada, at a glance
2+ week, 6+ day ago (66+ words) OTTAWA - A quick look at Canada's March employment figures (numbers from the previous month in brackets): Unemployment rate: 6. 7 per cent (6. 7) Employment rate: 60. 6 per cent (60. 6) Participation rate: 64. 9 per cent (64. 9) Youth (15-24 years) unemployment rate: 13. 8 per cent (14. 1) Women (25 plus) unemployment rate: 5. 6 per cent…...
Stat Can to publish March jobs data after labour market's rough start to 2026
3+ week, 1+ hour ago (199+ words) Workers assemble temporary seating high in the air for the FIFA World Cup at BMO field in Toronto on Thursday March 12, 2026. THE CANADIAN PRESS/Frank Gunn OTTAWA - Statistics Canada is set to provide fresh labour market data for March this…...
Feds looking at how to "cushion the blow" as gas prices rise amid Iran war: Carney
3+ week, 2+ day ago (499+ words) A person pumps gas in Montreal on Thursday, April 2, 2026. THE CANADIAN PRESS/Christinne Muschi Oil prices have surged since the U. S. and Israel attacked Iran on Feb. 28, averaging more than $1. 80 per litre across Canada today, compared with about $1. 32 a year ago....