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Canadian commercial real estate investment could reach high of $59B in 2023: CBRE

Canadian commercial real estate investment could reach high of $59B in 2023: CBRE

TORONTO — The outlook for commercial real estate looks "bumpy" in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.
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Wall Street closes out a chilling February with another dip

Wall Street closes out a chilling February with another dip

NEW YORK (AP) — Stocks drifted to a weak close on Wall Street, closing out a rocky February. The S&P 500 lost 0.3% Tuesday, and the Dow Jones Industrial Average and the Nasdaq composite also fell. Treasury yields were mixed.
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What is TikTok doing with my data and should I ditch the app?

What is TikTok doing with my data and should I ditch the app?

TORONTO — TikTok has been in the spotlight this week after the federal government announced it was banning the social media app from its devices days after Canadian privacy commissioners began investigating the company.
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BMO Financial Group reports earnings drop on Bank of the West-related charge

BMO Financial Group reports earnings drop on Bank of the West-related charge

TORONTO — BMO Financial Group said Tuesday it is focused on integrating its US$16.3 billion Bank of the West acquisition that dominated fourth-quarter results and will reshape its balance sheet in the quarters ahead.
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Biden to nominate Julie Su as next US labor secretary

Biden to nominate Julie Su as next US labor secretary

WASHINGTON (AP) — President Joe Biden is nominating Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor Marty Walsh.
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Ex-FTX executive is 3rd to plead guilty in cooperation deal

Ex-FTX executive is 3rd to plead guilty in cooperation deal

NEW YORK (AP) — A former FTX executive pleaded guilty Tuesday to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors building their case against FTX founder Sam Bankman-Fried in what authorities have dubbed one o
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Provinces to see limited growth this year but protracted recession unlikely: Report

Provinces to see limited growth this year but protracted recession unlikely: Report

Canada's provinces are poised for limited economic activity and sluggish growth for the rest of the year and into 2024, but the risk of a drawn-out recession is increasingly unlikely, according to a report released Tuesday.
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Economy posted no growth in the fourth quarter, but consumer spending is holding on

Economy posted no growth in the fourth quarter, but consumer spending is holding on

OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.
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Quebec follows federal lead, bans TikTok application on government cellphones

Quebec follows federal lead, bans TikTok application on government cellphones

Quebec has banned the installation and use of the social media application TikTok on government cellphones as of Tuesday.
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Scotiabank rethinking strategy as results hit by high funding costs, expense growth

Scotiabank rethinking strategy as results hit by high funding costs, expense growth

TORONTO — Scotiabank's new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth. Scott Thomson, who took on the top job Feb.
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