David Rosenberg: We’Re In A Depression, Not Recession — And The Scars Will Take Years To Heal

Real estate site that backstops home buyers raises $100 million to expand across Canada: Colin McClelland

A relatively new Canadian real estate agency, whose founders gained experience at Uber Inc. and Blackberry Ltd., is betting on artificial intelligence to alleviate the stress of buying a new home before selling an existing one.

Now Toronto-based

David Rosenberg: We’re in a depression, not recession — and the scars will take years to heal: David Rosenberg

There is a raging debate as to whether life ever gets back to “normal,” whatever that means.

For example, there is a belief that with a vaccine or not, the citizenry is getting fed up with COVID-19, and everyone is aching to go out to eat and drin…

Natural gas producers frustrated by Ottawa's delay to TC Energy's biggest pipeline expansion: Geoffrey Morgan

CALGARY — A delayed natural gas pipeline project in Alberta will impact close to $4 billion in planned capital spending this year, delay drilling plans and potentially lead to commodity price volatility next year, according to gas producers.

“We w…

Americans got richer than ever during the pandemic, but Canadians haven’t followed suit: Andrew Allentuck

COVID-19 has infected and killed a higher proportion of the population in the United States than in Canada, but that hasn’t stopped household wealth from rebounding to a record level south of the border, outpacing wealth gains in Canada in the process.

Grocers and food manufacturers build up stockpiles to guard against demand spikes in COVID's second wave: Financial Post Staff

Supermarkets and food manufacturers are building up their inventories to protect against surges in demand as a second wave of COVID-19 infections hits parts of Canada.

Grocers and their suppliers don’t appear to be expecting the same level of hoar…

Fall Investing Playbook: Why it's a good time to trim back U.S. holdings before the election: Larysa Harapyn

In the second of a three part-series on the fall investing outlook, Martin Pelletier, portfolio manager at Wellington-Altus Private Counsel, speaks with the Financial Post’s Larysa Harapyn about the historical effect of U.S. elections on the market, and what …

Second acts: How an Emmy award-winning reporter turned tech CEO landed a big deal: Joe O'Connor

Jeff Kofman had travelled the globe as a broadcast reporter for 30 years, interviewed presidents, covered coups and been embedded with United States troops in Iraq in 2003, with bombs and bullets flying, and peril near at hand.

But none of that ha…

Canada won’t return to pre-pandemic employment for another five years, conference board warns: Colin McClelland

The lingering pandemic will flatten and potentially stall Canada’s economic recovery into 2021 with non-energy investment particularly hit, says a new report by the Conference Board of Canada.

Annualized non-energy, non-residential business invest…

How Canada can pull from behind the curve to a world leader in EVs — podcast: Gabriel Friedman

In its throne speech earlier this month, the Liberal Government made big promises to cut Canada’s greenhouse gases to net zero by 2050, which will require big changes in the cars we drive and the way we live.

This week on Down to Business, Cedric …

TC Energy in talks to sell portion of Keystone XL to indigenous firm: Geoffrey Morgan

CALGARY – Pipeline giant TC Energy Corp. announced Tuesday it was negotiating an agreement to sell a stake in its long-delayed and often challenged Keystone XL pipeline project to a company formed out of an alliance between five First Nations.

TC …

Entrepreneurs will power the recovery, but they'll need more than a little help from government: Kevin Carmichael

“I think it’s fertile ground for creativity,” former Bank of Canada governor Stephen Poloz said at the end of May, when gross domestic product was contracting at an annual rate of almost 40 per cent.

Leave it to Sunny Stephen to find a bright spot…

Canadians now have the option to build their credit scores via rent payments: Victor Ferreira

Eight years after Canadians first became able to use their mortgage payments to build their credit scores, a similar option now exists for those who rent.

The Toronto-based Landlord Credit Bureau, which is used by 30,000 landlords and property man…

Canadians' debt remains at near record levels. Here are five ways to avoid a visit to the payday loan centre: Julia Mastroianni

With COVID-19 leading to job losses and lower income levels across the country, many Canadians are taking on more debt, often from multiple sources, to make ends meet.

The household debt-to-income ratio — which the Bank of Canada considers a key i…

Grocery bill looking higher than usual? These are the 12 foods that have seen the biggest price hikes: Special to Financial Post

By Jonathan Bradley

The official inflation rate is near zero, but it doesn’t feel that way to many people, particularly when they go to the grocery store to stock up on some of their favourite items.

Certain food products have seen hug…

A second lockdown would be catastrophic for Canadian businesses: Larysa Harapyn

Goldy Hyder, president and CEO of Business Council of Canada, speaks with the Financial Post’s Larysa Harapyn about the damage a second wave of COVID could inflict on Canadian businesses.

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