Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier. The corporation says revenue growth in its direct marketing did not make up for a drop in its parcels results. The financial results come as Canada Post deals with a shutdown of its operations due to a strike by about 55,000 workers across the country. The two sides have been negotiating over wages, job security, working conditions and other issues. The Canada Post Group of Companies, which includes its Purolator Holdings Ltd. subsidiary, lost $252 million befor

The Aam Aadmi Party (AAP) in Punjab Friday named Cabinet Minister Aman Arora as the state unit president replacing Chief Minister Bhagwant Mann, and appointed Batala MLA Amansher Singh Shery Kalsi as the working president. The announcement of Arora's elevation as the state party chief was made by Chief Minister Bhagwant Mann himself. Arora is a prominent Hindu face of the party in Punjab. Mann had recently expressed his desire to step down as the party president, citing his preoccupation with his duties as the Chief Minister of Punjab. He had been holding the position since January 2019.

Immigrants looking to increase their chances of obtaining permanent residency (PR) in Canada through employer sponsorship could soon lose that advantage. Immigration Minister Marc Miller has stated that he is considering removing the extra points granted through the Labour Market Impact Assessment (LMIA). He cited the black and grey markets surrounding the LMIA and indicated that he is seriously considering changes to the system. Miller emphasized the need to crack down on fake job offers and confirmed that this is a priority moving forward. At the same time, Ontario is introducing tough legis

B.C.'s South Coast is under a storm warning once again for Friday. The storms have already caused widespread damage. According to Environment Canada, severe weather will continue to affect the Washington coast through Thursday night and will move onto Vancouver Island by Friday morning. A severe weather warning has been issued for Vancouver Island and the Sunshine Coast, while a strong wind warning is in effect for the southern part of Howe Sound, including Bowen Island. Officials say strong winds will begin in Howe Sound overnight, with gusts reaching up to 90 kilometres per hour expected by

The Alberta government is forecasting a $4.6-billion surplus this fiscal year, but Finance Minister Nate Horner says Alberta's in for a ``challenging'' future. The government's second-quarter fiscal update says just $2.9 billion of that surplus is expected to be cash, which would be split between paying down debt and the Heritage Savings Trust Fund. It says the surplus is largely the result of higher-than-expected income tax revenue thanks to Alberta's sharp population growth and oil and gas royalties. But the fiscal update also says ``global economic conditions''are presenting ri

BC Hydro says it has restored power to 90 per cent of customers who lost electricity this week when hurricane-force winds slammed into parts of the British Columbia coast, but forecasters say a new storm is on the way. Winds from the so-called bomb cyclone weather system exceeded 100 km/h in some places Wednesday, with Environment Canada data showing remote Sartine Island off northern Vancouver Island hit by the most powerful gusts of the day, reaching 113 km/h. The power utility says that as of 6:30 a.m. Thursday, 290,000 of the 320,000 customers affected by outages had regained power. That l

Canadians are receiving significant relief as Prime Minister Justin Trudeau announced a two-month GST exemption on various items, including restaurant food and children's toys. The Prime Minister stated that Canadians will no longer have to pay sales tax on Christmas trees, children's toys, and restaurant meals. Additionally, Trudeau mentioned that his government will issue $250 cheques to many Canadians next year. These payments will be issued to all Canadians with an income of up to $150,000 after taxes in 2023, benefiting approximately 18.7 million individuals under the Working Canadians E

The median income needed to buy a home in Canada's major cities is now gradually decreasing. According to the latest data, real estate prices have fallen in many cities in recent months, alongside lower mortgage rates, leading to a decrease in the median income requirement to purchase a home. Calculations by Ratehub indicate that the median income requirement to buy a home in Vancouver, Toronto, and Hamilton has decreased by more than $4,000 compared to a month ago. The report highlights that October was the second consecutive month in which the salary requirement to buy a home in Vancouver de

At least 50 people were killed and 20 others injured when several vehicles carrying passengers were targeted by militants in northwest Pakistan on Thursday, officials said. The militants ambushed the vehicles in the Kurram district of restive Khyber Pakhtunkhwa province bordering Afghanistan. The vehicles were travelling in a convoy from Parachinar to Peshawar, the capital of Khyber Pakhtunkhwa when gunmen opened fire, the officials said. Rescue authorities said 50 people were killed and 20 others were injured in the attack. Most of the victims belonged to the Shia community, they said.