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economy-crisis

Unemployment rate unchanged in July, though jobless rate for young people continued to rise

by Anas Siddiqui
Unemployment rate unchanged in July, though jobless rate for young people continued to rise

Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed …

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As Israel and Hezbollah inch toward war, Canada braces for a repeat of the 2006 evacuation

by Walter Watson
As Israel and Hezbollah inch toward war, Canada braces for a repeat of the 2006 evacuation

Foreign Minister Mélanie Joly had a stark warning Tuesday for Canadian citizens in Lebanon. “If the armed conflict intensifies, it could impact your ability to leave the country and our ability to provide …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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Meet the self-proclaimed ‘Prince of Africa’ who wants to be Ghana’s next president

by Walter Watson
Meet the self-proclaimed ‘Prince of Africa’ who wants to be Ghana’s next president

Ghanaian presidential hopeful Nana Kwame Bediako goes by three different names — each name, he says, represents a different aspect of his persona. The 44-year-old entrepreneur and real estate developer …

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As Putin meets with Xi, China is forced to consider how far it will go to help a friend

by Walter Watson
As Putin meets with Xi, China is forced to consider how far it will go to help a friend

As Vladimir Putin and his large entourage touch down Thursday in Beijing for a two-day state visit, there were be plenty of public overtures about cooperation, but with China facing increasing pressure …

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FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

by Anas Siddiqui
FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. FTX …

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Here’s how long it could take to rebuild Gaza after the war

by Walter Watson
Here’s how long it could take to rebuild Gaza after the war

Rebuilding Gaza’s shattered homes will take at least until 2040 but could drag on for many decades, according to a UN report released on Thursday. Nearly seven months of Israeli bombardment …

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Shortage of skilled tradespeople is hitting all Canadians in the pocketbook, economists say

by Anas Siddiqui
Shortage of skilled tradespeople is hitting all Canadians in the pocketbook, economists say

Cost of Living9:40Why you should consider a job in the trades A shortage of qualified people to work in skilled trades is making rising costs of living even worse, economists …

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Haiti prime minister lands in Puerto Rico as violence descends on capital

by Walter Watson
Haiti prime minister lands in Puerto Rico as violence descends on capital

Haiti’s prime minister landed in Puerto Rico on Tuesday, answering a key question on the minds of Haitians ever since armed gangs plunged the long-suffering Caribbean nation into near anarchy: …

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Ontario electronics retailer Factory Direct to liquidate stores

by Anas Siddiqui
Ontario electronics retailer Factory Direct to liquidate stores

Toronto Court documents show the discount electronics and home goods retailer wanted to close its 14 stores in the province because it has found the business is “no longer viable.” …

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