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fiscal

Dollarama sales growth continued in first quarter as Canadians grappled with inflation

by Anas Siddiqui
Dollarama sales growth continued in first quarter as Canadians grappled with inflation

Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials. Canadian consumers have been looking for affordable …

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Poilievre blasts budget, won’t commit to keeping new social programs like pharmacare

by Akin Smith
Poilievre blasts budget, won’t commit to keeping new social programs like pharmacare

Conservative Leader Pierre Poilievre delivered an hour-long rebuttal to the Liberal government’s budget Thursday — a fiery speech that depicted the multi-billion dollar spending plan as a threat to the …

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Canada Goose is laying off 17 per cent of its global corporate staff

by Anas Siddiqui
Canada Goose is laying off 17 per cent of its global corporate staff

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts …

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Walmart abandons plan to open fulfilment centre in Quebec

by Anas Siddiqui
Walmart abandons plan to open fulfilment centre in Quebec

Walmart Canada says it is abandoning plans to open a new fulfilment centre in Quebec. The U.S. retail giant was due to spend $100 million on the facility slated for …

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Pharmacare bill to be tabled by March 2024, Liberals and NDP confirm

by Akin Smith
Pharmacare bill to be tabled by March 2024, Liberals and NDP confirm

The Liberals and the NDP have agreed to extend pharmacare negotiations into 2024, with a new goal of introducing legislation by March 1. “Pharmacare will impact so many Canadians, which …

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National pharmacare plan is in limbo as health minister calls pending deadline ‘arbitrary’

by Akin Smith
National pharmacare plan is in limbo as health minister calls pending deadline ‘arbitrary’

Health Minister Mark Holland signalled Tuesday the government is unlikely to meet the end-of-the-year deadline imposed by the NDP for passing pharmacare legislation — a condition of the supply-and-confidence agreement …

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Spotify cutting 17 per cent of workforce in 3rd round of layoffs this year

by Walter Watson
Spotify cutting 17 per cent of workforce in 3rd round of layoffs this year

Music streaming giant Spotify said on Monday that it will lay off 1,500 employees, or 17 per cent of its workforce, to bring down costs, after letting 600 of its staff go …

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NDP tells Liberals to sweeten the deal if pharmacare legislation is delayed

by Akin Smith
Pharmacare bill to be tabled by March 2024, Liberals and NDP confirm

New Democrats say that if the Liberal government can’t honour its vow to pass pharmacare legislation by the end of this year, it will have to enhance the legislation to …

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In an uncertain economic climate, the federal government banks on hope

by Anas Siddiqui
In an uncertain economic climate, the federal government banks on hope

Almost any budgetary process is an exercise in optimism. The federal government hopes it can hold the line on program spending. It hopes the global economy is on the road …

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Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

by Anas Siddiqui
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …

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