Consumer insolvencies have risen to their highest level since 2019, new numbers showed Wednesday, in a troubling sign that Canadians are having trouble staying on top of their debt load. Data released from the Office of the Superintendent of Bankruptcies on Wednesday showed that 11,768 people filed insolvency…
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A new report from the Better Business Bureau (BBB) says the riskiest frauds in Canada are home improvement scams and cryptocurrency scams, followed by advance fee loan scams. The organization, which advocates for education to protect consumers, says home improvement scams were the riskiest in 2022, up from…
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McDonald’s Corp is temporarily closing its US offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported Sunday. In an internal email last week to US employees and some international staff, McDonald’s asked…
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Honda is recalling 563,711 older-model CR-Vs in 22 cold-weather states and Washington, DC, because an accumulation of road salt can cause the vehicle’s rear trailing arm to corrode and detach, which could lead to a crash. According to the recall notice posted on the National Highway Traffic Safety…
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The Bank of Canada is ready to defend Canadian banks from a global financial meltdown if the current banking crisis in the US and Europe spills into Canada, but the central bank does not think they will have to step in. Speaking on Wednesday at the National Bank…
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Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of the previous layoffs that commenced last November and extended into January. That round affected more than 18,000 employees. Amazon made the decision to lay…
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OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most…
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Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year. The findings released by the Canadian Real Estate Association on Thursday suggested a marked shift…
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