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Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.
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Wall Street's rally stalls as US stocks post their 1st loss in 4 days

Wall Street's rally stalls as US stocks post their 1st loss in 4 days

NEW YORK (AP) — Wall Street’s rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday, marking its first drop in four days.
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Inflation barely rose last month as cheaper gas and cars offset some costlier imports

Inflation barely rose last month as cheaper gas and cars offset some costlier imports

WASHINGTON (AP) — U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.
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Sabia, veteran of public and private sectors, to head Carney's Privy Council

Sabia, veteran of public and private sectors, to head Carney's Privy Council

OTTAWA — Prime Minister Mark Carney is tapping Michael Sabia, a veteran of the public and private sector, to head up the Privy Council Office in Ottawa. Sabia's tenure as clerk of the Privy Council and secretary to cabinet will begin July 7.
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Montreal transit strike leads to extra traffic on some bike paths

Montreal transit strike leads to extra traffic on some bike paths

MONTREAL — The head of a cycling advocacy group says Montreal's public transit strike has spurred record numbers on the city's bike paths.
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All regions will get ‘fair share’ of defence windfall: industry minister

All regions will get ‘fair share’ of defence windfall: industry minister

MONTREAL — Industry Minister Mélanie Joly says the massive funding announced this week for Canada’s defence industry will filter down to all regions of the country, as the federal government looks to jump-start domestic and overseas trade and reduce
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Ontario housing starts at lowest level since 2009, financial watchdog says

Ontario housing starts at lowest level since 2009, financial watchdog says

TORONTO — Ontario's housing starts for the first quarter of this year were at the lowest levels since 2009, the province's financial accountability officer said in a report Wednesday.
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Reitmans shareholder group calls on others to join fight to boost retailer's value

Reitmans shareholder group calls on others to join fight to boost retailer's value

A group of Reitmans Ltd. shareholders have released their second letter in two months urging the apparel retailer to address its stagnating value, saying they want to replace two board directors and end the company's dual-class share structure.
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Quebec names mediator as Montreal public transit strike in third day

Quebec names mediator as Montreal public transit strike in third day

MONTREAL — Quebec's labour minister says he has named a mediator in a labour dispute between Montreal's public transit authority and its maintenance workers that has limited bus and metro service across the city.
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Minister flags concern over BC Ferries' deal with Chinese state-owned shipyard

Minister flags concern over BC Ferries' deal with Chinese state-owned shipyard

British Columbia's transportation minister has raised concerns with BC Ferries about its decision to have a Chinese shipyard build four new ferries for its passenger fleet, amid an ongoing trade conflict between Canada and China.
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