Telus Corp. reported fourth-quarter net income attributable to common shares of $288 million, up from $248 million a year earlier. The company says the profit amounted to 20 cents per share for the quarter ended Dec. 31, up from 17 cents per share in the last three months of 2022. Operating revenue and other income totalled $5.20 billion, up from $5.06 billion in the same quarter a year earlier. On an adjusted basis, Telus says it earned 24 cents per share for its fourth quarter, the same as its fourth quarter of 2022. In the fourth quarter, Telus says it saw 404,000 net customer additions, in

Canada's labor market has started the year with big job gains. Canada's economy added 37,300 jobs in January, but growth in hourly wages slowed, according to a report released by Statistics Canada on Friday, with the Bank of Canada expecting the Bank of Canada to expect a rate hike in the coming months. May start considering interest rate cuts.Another highlight last month was that the unemployment rate fell for the first time since December 2022 to 5.7 percent.In December, the unemployment rate was at 5.8 percent.Meanwhile, the average hourly wage increase for permanent employees was 5.3 perce

Officials from various levels of government are set to gather with police and industry leaders in Ottawa today to brainstorm on fighting the scourge of automobile theft. The federal government says an estimated 90,000 cars are stolen annually in Canada, resulting in about $1 billion in costs to Canadian insurance policy-holders and taxpayers. It says auto theft increasingly involves organized crime groups, and the proceeds of these crimes are used to fund other illegal activities. Ottawa says most stolen autos shipped abroad are destined for Africa and the Middle East. On Wednesday, the govern

Immigration Minister Marc Miller says he's frustrated and "pissed off" that a list of people related to Canadians are being blocked from leaving the embattled Gaza Strip. Ottawa started accepting applications last month to reunite as many as 1,000 people in the Palestinian territory with extended family members in Canada. Canada has provided an initial list of pre-approved people to Israel and Egypt, who jointly control the only border crossing out of Gaza. Miller says he is exploring diplomatic options and doesn't want to give up, but he also doesn't want to offer families false hope that the

Canada's main opposition party has demanded the resignation of the prime minister. Conservative leader Pierre Polivray says that it has come to light that a personal invitation was sent by Trudeau to the ex-soldier of Hitler's army during the Ukrainian president's visit to Canada. Polivray said Trudeau misled the House of Commons in September of last year that he had no knowledge of former Nazi soldier Yaroslav Hanka, while Hanka was personally invited by Trudeau to a reception held for Zelensky in Toronto. The Conservative leader said that Trudeau had supported the resignation of former Sp

Prime Minister Justin Trudeau has been embroiled in a new controversy. The leader of the opposition party, Pierre Polivray, has attacked Trudeau over the Nazi soldier Yaroslav Hanka, who was invited during the visit of the President of Ukraine Volodymyr Zelensky to Canada. Polivray said Justin Trudeau had been saying for months that only Speaker Anthony Rota was responsible for inviting Hanka, but now it has come to light that Trudeau's office invited the former Hitler soldier during the president's visit to Ukraine. was Zelensky came to Canada in September last year and during this time he a

The federal government will continue to ban foreign nationals from buying homes in Canada for another two years as housing affordability concerns continue to trouble cities across the country. Finance Minister Chrystia Freeland made the announcement today, saying Canada is extending its foreign homebuyer ban up until 2027. Under the ban, which first came into effect in 2022, non-Canadian people, including permanent residents, and commercial enterprises are prevented from buying homes here. Freeland issued a statement saying the extension will ensure houses are used for homes for Canadians and

Prime Minister Justin Trudeau has confirmed that his government is considering imposing sanctions on Israeli citizens involved in violence in the West Bank. Answering questions from journalists in Waterloo, Ontario on Friday, he said that violence in the West Bank cannot be tolerated at all. The prime minister said Canada is looking at how to deal with those responsible for the violence and is considering possible sanctions. It is to be noted that this strong comment of Trudeau has come when US President Joe Biden has announced the imposition of financial and travel restrictions on Israeli c

Calgary’s housing market posted a strong start to 2024, with 1,650 homes sold in January – a 37.7 per cent increase compared with the same month last year, according to the Calgary Real Estate Board (CREB). The unadjusted residential benchmark price rose to $572,300, up 10 per cent year-over-year. Apartments led the growth, with sales up 54 per cent from January 2023. Despite more homes hitting the market – new listings climbed 15.4 per cent – supply remains tight. With just 2,150 active listings, Calgary recorded its lowest January inventory since 2006. CREB analysts say much of the d