Highlights / interest

Economy, Politics, Society

Ottawa extends tax payment deadline once again

Canada’s federal tax collection agency announced Monday that it is extending once again the payment deadline for federal taxes and is offering interest relief on taxes owed to Ottawa amid the economic fallout of the COVID-19 pandemic. The Canada Revenue »


Canadians expected to eat out less

The Conference Board of Canada says restaurant sales are forecast to grow by an average of just 1.4 per cent per year between 2018 and 2022.  That is lower than the projected inflation rate of nearly two per cent for »

Economy, Society

Housing prices could plummet if interest rates go up

While it says it’s not likely to happen, Canada’s federal housing agency says a hike in interest rates could cause the average price of a house to drop 30 per cent. The Canada Mortgage and Housing Corporation (CMHC) ran stress »