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the-market

Who benefits most from Canada’s ambitious EV targets? Maybe China

by Anas Siddiqui
Who benefits most from Canada’s ambitious EV targets? Maybe China

Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” …

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Ozempic not linked to increase in suicidal thoughts, U.S. study suggests

by Akin Smith
Ozempic not linked to increase in suicidal thoughts, U.S. study suggests

People taking the popular diabetes and obesity drugs Ozempic and Wegovy had a lower risk of suicidal thoughts than those taking other medications to treat the same conditions, a new …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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‘Challenging’ market prompts Stellantis to re-evaluate auto show participation

by Anas Siddiqui
‘Challenging’ market prompts Stellantis to re-evaluate auto show participation

Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a “case-by-case basis” amid headwinds in the auto market. “With a focus on preserving …

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Some mortgage rates are dropping, but renewed loans could keep economy slow

by Anas Siddiqui
Some mortgage rates are dropping, but renewed loans could keep economy slow

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …

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In the market for a diamond? Stones that are manufactured, not mined, are gaining in popularity

by Anas Siddiqui
In the market for a diamond? Stones that are manufactured, not mined, are gaining in popularity

When Evelyn Schaffer first saw her engagement ring, she was speechless. It was a 0.76-carat, oval-cut stunner — and she said no one has been able to tell that the diamonds …

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Rogers Sugar strike negotiations hit impasse over company’s demand for 24/7 operations

by Anas Siddiqui
Rogers Sugar strike negotiations hit impasse over company’s demand for 24/7 operations

Rogers Sugar Inc. says it is pausing negotiations after the union representing striking workers at its Vancouver refinery rejected the company’s latest offer. Workers have been on strike since Sept. 28 …

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Ontario vastly expanding where booze can be sold in move to modernize alcohol retail market

by Akin Smith
Ontario vastly expanding where booze can be sold in move to modernize alcohol retail market

Starting in 2026, Ontarians will be able to buy beer, wine, cider and seltzers at convenience stores, big box outlets, some gas stations and more supermarkets, marking a major overhaul …

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Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

by Anas Siddiqui
Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for …

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‘We were duped’: Health minister vows to close ‘loophole’ on flavoured nicotine pouches

by Akin Smith
‘We were duped’: Health minister vows to close ‘loophole’ on flavoured nicotine pouches

Canada’s health minister says he’ll act quickly to shut down a “loophole” after Health Canada approved the sale of flavoured nicotine pouches with no restrictions on how the product is …

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