Canada’s supermarkets are scooping up new staff, hiring steadily to meet the growing demand for their essential service at a time when everyone has to eat at home and many want their groceries delivered. That need for more staff, combined with the staggering job losses in other parts of the Canadian economy, has resulted in new…

After cutting it three times in barely a month, the Bank of Canada kept its benchmark interest rate steady at 0.25 per cent on Wednesday. The central bank said in a release that it considers the current level of its rate to be its “effective lower bound.” That means the bank doesn’t have any plans…

Home sales fell by 14 per cent in March as COVID-19 lockdowns slowed the market to a crawl, the Canadian Real Estate Association says. The group that represents 130,000 realtors across the country said Wednesday that the month started out strong but slowed dramatically in the second half, “as the economic turmoil and physical distancing…

Even as millions of Canadians look to Ottawa for support through the COVID-19 lockdown, there are growing concerns that chaos in the world’s most indebted regions will delay a global economic recovery. Reports of a breakdown in civil control in places such as Iraq, following the loss of oil revenues, may be an early indicator of wider…

As Canada braces for a recession some experts are already comparing to the Great Depression, some millennials are taking a close look at their finances for the first time. However, the majority of this generation’s members — born between 1980 and 1996 — have been through this before. The eldest had entered the workforce and…

Canada’s central bank is urging retailers to continue accepting cash as a form of payment, even as they’re asked to keep physical interactions with customers to a minimum. The Bank of Canada said Monday that it encourages Canadian consumers and businesses to use whatever form of payment they are most comfortable with to pay for…