Recent News
Small businesses rank credit unions ahead of Canada’s big banks, CFIB finds
Financial Post Article: Author: Shantaé Campbell - [email protected] Credit unions take top spot, followed by Desjardins and National Bank Small businesses are happier with the financial services they receive from credit unions than with those provided by the...
Bank of Canada will cut three times next year to bring rate to 4.25%, Deloitte predicts
Written by: Noella Ovid @ The Financial Post Published December 16, 2023. The Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada. Deloitte is forecasting three 25-basis-point cuts from...
Trudeau cuts tax on rental builds, pushes grocers on food costs
Written by: BNN Bloomberg Brian Platt and Laura Dhillon Kane Published September 14, 2023 Canadian Prime Minister Justin Trudeau said his government would remove taxes for constructing rental apartment buildings and require grocery chain executives to come up with a...
Canada aims to make homes affordable — but without crushing prices
Written by: Bloomberg News Randy Thanthong-Knight Published August 10, 2023 Housing minister's comments underscore contradictory, ambitious aims of government amid high cost of living, real estate wealth In a country with some of the world’s most...
How growing businesses secure financing in today’s tough economy
Written by: DAVID ISRAELSON SPECIAL TO THE GLOBE AND MAIL When Katerina Juskey and Victoria Mierzwa launched candle company LOHN in February, 2020, it was challenging enough to manufacture and market at the beginning of a pandemic. Now, like so many small and...
What slowdown? Economy outperforms, raising odds of a rate hike
Written by: Nojoud Al Mallees This report by The Canadian Press was first published May 31, 2023 OTTAWA - The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of...
Small business hopes Chrystia Freeland’s federal budget levels the playing field on credit card fees
Josh Rubin is a Toronto-based business reporter Twitter:@starbeer Giancarlo Trimarchi is used to his bigger competitors paying less for fruits and vegetables. The owner of Vince’s Market, however, is frustrated that they’re also paying a lower rate for credit card...
CANADIAN CONTROLLED PRIVATE CORPORATIONS (CCPC)
What are Canada-controlled private corporations (CCPC)? The government of Canada recognizes various types of corporations for tax purposes. All eligible corporations are expected to report their corporate business income at the end of their fiscal year. As a...