Business

Inflation unexpectedly accelerates as Canadians pay 28% more for airfares, 15% more for vegetables

Canadians paid 14.9 per cent more for fresh vegetables.Postmedia News OTTAWA — Canada’s annual inflation rate accelerated to two per cent last month as higher costs for airfares and fresh vegetables offset cheaper prices at the pump, Statistics Canada said Friday. Year-over-year prices picked up their pace in December after inflation was just 1.7 per […]

Real Estate

Liberals vows to axe credit card swipe fees, give money for websites, in package of pledges for small business

The Liberal government says it will eliminate the so-called "swipe fee" on sales taxes that merchants must pay to credit-card companies on every transaction.File Photo TROIS-RIVIERES, Que. — Liberal Leader Justin Trudeau is unveiling a package of pledges today that he says will help boost small and medium-sized businesses. During a campaign stop in Trois-Rivieres, […]

Real Estate

Family businesses own a bigger chunk of Canada’s economy than you think — way bigger

About $191.9 billion of family-owned GDP came from big businesses, the report says, firms such as Bombardier Inc. and Loblaw Cos. Ltd.Cole Burston/Bloomberg Canada’s family-owned businesses are the real “backbone of the economy,” but more information about those firms is required to help keep that foundation from cracking, says a new report from the Conference […]

Finance

Just because your ex failed to disclose assets, doesn’t mean you get a cut

The non-disclosure of assets is a recurring theme in family court./iStockphoto Family lawyers advising their clients inevitably tell them something like this: Provide full financial disclosure to your spouse or your agreement could be set aside. Despite the ubiquity of this counsel, the non-disclosure of assets is a recurring theme in family court. But it […]

Business

Top-performing hedge fund is shorting Canadian banks on all the usual suspects — and something even more worrying

"Canadian banks will be left holding the bag and the ones to suffer from what is likely to be a major economic recession," Tavi Costa, a global macro analyst at Denver-based Crescat, says.Canadian Press/Tijana Martin A small U.S. hedge fund that was a top performer last year is shorting Canadian banks. Crescat Capital sees the […]

Business

B.C.’s money laundering problem may involve billions of dollars, documents say

Attorney General David Eby says information gaps between governments are allowing organized crime to thrive.Chad Hipolito/The Canadian Press VICTORIA — Documents that say money laundering in British Columbia now reaches into the billions of dollars are startling to the province’s attorney general who says the figures have finally drawn the attention of the federal government. […]

Economy

Want to know how risky your portfolio is? How it performed in 2018 will give you a good idea

The Canadian Securities Administrators (CSA) require that investment dealers and counsellors show clients their portfolio returns and fees paid in an annual report.Brent Lewin/Bloomberg Your year-end investment statement will be hitting the mailbox any day now. You’ll also be receiving important supplementary information. The Canadian Securities Administrators (CSA) require that investment dealers and counsellors show […]