Canada’s economy goes on a slower path

Europe’s debt quagmire, a flagging U.S. rebound and slowing growth in China are taking the steam out of Canada’s economic outlook. Canada’s top policy makers said the country’s prospects for this year and next have deteriorated as a slowing global economy weighs on exporters and cuts into confidence at home. Consumer and business spending is expected to… Read More

Canada quietly builds productivity revolution

Based on increasing fears of a global recession and the InternationalMonetary Fund’s recent worries over this country’s slowing growth prospects, one could be forgiven for thinking that Canada is on the precipice of something really bad. I think those anxieties are exaggerated. Canada is not immune to global economic weakness. But we’re not headed down the same… Read More

No rate hike until late 2012: Economists

Canada’s primary dealers now expect the Bank of Canada to raise interest rates in September 2012, signaling a gloomier outlook as concerns over stalled global economic momentum persist. The median forecast in a Reuters poll on Friday was for an interest rate hike in September, compared with expectations of a July tightening in a similar… Read More

Canadian tech community remembers Apple’s Jobs as a ‘visionary’

TORONTO — Canada’s technology community expressed sadness and respect for Steve Jobs, the founder of Apple Inc., who died on Wednesday at 56. Condolences poured in from across the country, from users of the popular iPhone, iPod and iPad products, to the executives of Canadian companies who have either struggled to compete with Apple’s cutting-edge… Read More

Average Vancouver bungalow now $1M

TORONTO — Royal LePage says home prices remained unexpectedly resilient across Canada’s housing market in the third quarter, but the overall strength is concealing signs of moderation in some regions. In its House Price Survey and Market Survey Forecast, Royal LePage says that Canada’s residential real estate market benefited from very low interest rates and… Read More

Toronto’s Chango gets $1M from Ottawa

Three dozen future employees of Chango Inc. have Canada’s federal government to thank for their new jobs. Granting the Internet marketing firm a repayable contribution of up to $978,333 during an event at Chango’s downtown Toronto headquarters on Friday morning, Ottawa expects 37 new positions to be created as a result. The money will be used… Read More

Fixt Point Theatre puts neighbourhood histories in the spotlight

Like a line out of a Stompin’ Tom Connors song, Fixt Point Theatre’s Lisa Marie DiLiberto was saddened by the outright homogenization of the cities she saw while travelling through Canada. “Everywhere I went, I saw the same big-box stores on the other side of town, forcing many of the smaller independent stores to close,”… Read More

Cut costs by harnessing outdoor heat with a solar wall

Think of the biggest energy cost for a typical Canadian business – one running multiple computers and keeping the lights on at all hours. It’s electricity, right? Wrong. “People think of electricity first but actually, in Canada, indoor heating is the largest use of energy,” says Victoria Hollick, vice-president of renewable energy firm Conserval Engineering… Read More

Cantaloupes in GTA recalled over salmonella fears

Cantaloupes from a North York supermarket are being recalled because of fears of salmonella contamination. There have been no reports of illness, the Canadian Food Inspection Agency said. Food Basics on Sheppard Ave. E. sold the cantaloupes on Sept. 12, the agency said. Salmonella can cause fever, cramps and vomiting or even arthritis, the agency said…. Read More

Loblaws gambles on luxury food line

Valet parking, celebrity chefs and bacon marmalade will be on the menu at an exclusive dinner party to launch Canada’s first super-premium supermarket brand. Loblaw Cos. Ltd., the country’s largest grocery chain and long-time leader in private brands, is introducing President’s Choice Black Label, featuring products normally found in specialty gourmet stores. To give the… Read More