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

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

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

Prime Minister Justin Trudeau is expected to announce on Thursday a temporary GST break for certain essential items to help ease affordability pressures. NDP Leader Jagmeet Singh says in a statement that the announcement is in response to his party's demands to permanently lift the goods and services tax on a range of expenses, including home heating and grocery-store meals. The Globe and Mail has reported that the prime minister is set to announce a multibillion-dollar package of affordability measures, including the GST break. Trudeau is scheduled to make an announcement alongside Finance Mi

NDP Leader Jagmeet Singh has written to premiers across Canada, demanding the removal of provincial sales tax on everyday items. He stated that working people are facing inflation on everything from cell phone bills to groceries. Singh emphasized that his proposal to reduce the GST at the federal level and exempt sales tax at the provincial level could provide significant relief to the public. Singh also mentioned that if his party forms the government at the federal level, he will remove the GST on groceries, diapers, children's clothing, cell phones, and internet bills. This will be offset

Randy Boissonnault is leaving his post as employment minister in Prime Minister Justin Trudeau's cabinet after weeks of questions about the Edmonton MP's past claims of Indigenous identity.

Thousands of Canadians' passports are stuck as the Canada Post strike continues. Service Canada has put 85,000 passports on hold. The Department of Employment and Social Development stated that Service Canada stopped sending passports on November 8, a week before the strike began, in anticipation that they could get stuck in transit. Spokesperson Mila Roy said that if someone mailed their passport application just before the strike started, Service Canada may not have received it. As a result, these individuals will also need to wait for the strike to end and for postal services to be restore

Canada has tightened security screening for passengers flying to India. In addition, reports indicate that Air Canada has instructed passengers traveling to India to arrive at the airport at least 4 hours before their scheduled departure time. Federal Transport Minister Anita Anand stated that the decision to tighten security screening was made out of an abundance of caution and is temporary. However, the specific reason for the decision was not provided. In October, an Air India flight from New Delhi to Chicago made an emergency landing at Canada's Iqaluit Airport due to a bomb threat, thoug