Daily News

Source: Financialpost November 23, 2024

Canada Post reports $315 million loss in third quarter as strike continues

The financial losses coincide with an escalating work stoppage that is entering its second weekCanada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. Th...

Source: Financialpost November 23, 2024

Consumers, businesses may give up on Canada Post 'altogether,' says CFIB

President Dan Kelly talks about the strike's impact on small operations, especially during the critical Christmas periodReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchase...

Economy Source: Financialpost November 23, 2024

Rebounding retail sales show lower interest rates are working

Sales rose for the fourth straight month, the longest growth streak since early 2022Canadian retail sales rose for the fourth straight month, the longest growth streak since early 2022, signalling the Bank of Canada’s interest-rate cuts are boosting consumer...

Source: Financialpost November 22, 2024

Terence Corcoran: Canada Post versus the union — Is this the last strike?

As the work stoppage unfolds, Canada Post’s financial situation is essentially a crisisWith each passing year Canada Post sinks deeper into irrelevance, its 19th-century monopoly model eroding and overtaken by the miraculous forces of innovation and market c...

Source: Financialpost November 22, 2024

What will be tax-free under Trudeau’s promised GST/HST break

Beer, restaurant meals, Christmas trees and moreReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The government on Thursday announced...

Source: Financialpost November 22, 2024

Canada Post strike 'threatens' seniors' subsistence, leaves passport applicants in limbo

Older Canadians among those who depend most on traditional mail to receive pension cheques, medication and billsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: Financialpost November 22, 2024

The new 2025 CRA numbers: tax brackets, CPP, RRSP and TFSA limits, and more

Jamie Golombek: How much more you could owe, how your OAS and CPP may change, and other tax changes to be aware ofReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost November 21, 2024

Matthew Lau: Schools should stop teaching lies about capitalism

The truth about capitalism is not oppression but the highest living standards our species has ever known. Kids should learn about that“Our capitalist system,” I have just learned, “is one of the main reasons our planet is getting stripped away and destroyed....

Source: Financialpost November 21, 2024

Stephen Harper named chair of AIMCo, three directors reappointed

'His appointment, and that of the rest of the board, are a strong step forward,' says Alberta Premier Danielle Smith Get the latest from Barbara Shecter straight to your inbox Sign Up Former prime minister Stephen Harper has been appointed chair of Al...

Source: Financialpost November 21, 2024

Will striking Canada Post employees be forced back to work? The latest from both sides of the negotiating table

Backlog created by the strike could last weeks after operations resume, with service delays potentially extending well into 2025We are now on day six of the nationwide mail strike, after year-long negotiations between Canada Post and the Canadian Union of Po...