Latest from Pete Evans
Canada added 246,000 jobs in August, but employment still 1 million short of pre-COVID level
Canada's economy added 246,000 jobs in August, a figure that pushed the jobless rate down 0.7 percentage points to 10.2 per cent.
U.S. trade deficit soars to $64B, highest in 12 years
The gap between what the United States buys from the rest of the world and what it sells widened to its highest level since 2008, as imports jumped by a record amount in July.
Losses for technology shares lead stock markets sharply lower
Stock markets in New York and Toronto sold off on Thursday, led by shares in technology companies that have been on a tear since the coronavirus pandemic began.
Exports and imports jumped by more than 10% in July
Trade of goods in an out of Canada increased sharply in July, a sign that parts of the economy are getting back to pre-pandemic levels even if the recovery is still very uneven and uncertain
Canada secures deals for up to 114M doses of potential COVID-19 vaccines from U.S. drug companies
Canada's federal government has signed agreements with two U.S. drug companies to secure up to 114 million doses of two potential COVID-19 vaccines under development.
Home renovation spending heats up again after COVID-19 pandemic led to deep freeze
Much like what it did to everything else, the COVID-19 pandemic put a chill on the booming business of home renovations in Canada. But after the initial lull, all that spending on fixing up homes has come roaring back, experts say.
Canada's economy shrank at fastest pace on record in Q2 despite sharp bounceback in May and June
Canada's economy shrank at the fastest pace on record in the second quarter, as consumer spending, business investment, imports and exports all dried up because of COVID-19.
TD Bank fined $122M by U.S. consumer regulator for pushy tactics selling overdraft service
TD Bank has agreed to pay back $97 million US to 1.4 million of its U.S. customers for deceptive marketing tactics to sell them an overdraft service the bank claimed was a free perk but in reality was not. In addition to restitution to customers, the bank will pay a penalty of $25 million.
Retail sales jumped 23% in June, enough to get back above where they were before COVID-19
Canadian retailers racked up $53 billion in sales in June, a 23 per cent rise from May and enough to put the figure above where it was in February before COVID-19 walloped Canada's economy.
Stock analysts dismiss short seller attack on GFL, but investors sell off shares amid allegations
Analysts who cover Toronto-based waste management company GFL Environmental Inc. are for the most part dismissing damning allegations laid out by a short seller targeting the company, but based on the stock price it's clear investors are not entirely convinced yet.
Scotiabank to pay $127M in fines for traders' price fixing of precious metals
The Bank of Nova Scotia has agreed to pay more than $127 million US in fines to settle criminal investigations into a price manipulation scheme in the price of precious metals that some of its traders were engaged in.
Canadian waste management firm GFL targeted by U.S. short seller alleging financial misdeeds
Waste management company GFL Environmental Inc. has been accused of misleading finances by an American short seller with a history of targeting Canadian companies.
Canada's inflation rate cools to just 0.1% annual pace in July
Canada's inflation rate slowed down to increase by just 0.1 per cent in the year up to July, as lower prices for gasoline and air travel continue to drag the number lower.
Average Canadian house price rose 14% in year up to July, CREA says
Canada's housing market came roaring back in a big way in July, smashing the record for the most homes sold during the month, with average prices rising 14 per cent from where they were a year ago.
Canada's Competition Bureau investigates Amazon.ca
Canada's Competition Bureau has launched an investigation into online selling powerhouse Amazon.ca to examine whether the website's U.S. owners are "impacting competition to the detriment of consumers and companies that do business in Canada."