Your beer can’t get any more local than this

When an average Canadian beer-drinker hoists a pint at their local pub, they likely give little thought to where the ingredients come from. That’s something Michael Clark and Luke Pestl, co-founders of Toronto’s Bellwoods Brewery, are hoping to change. Mr. Clark and Mr. Pestl launched their City Hops project this summer, an experiment in growing… Read More

Ten years after 9-11, Canada-U.S. relationship has both trouble spots and bright spots

WASHINGTON – There’s no better testament to the close ties between the tiny towns of Van Buren, Me., and St-Leonard, N.B., than Gary Levesque’s surname. The municipal councillor for Van Buren, one of dozens of Levesques in a town with French-Canadian roots, remembers fondly the days before the terrorist attacks of Sept. 11, 2001, when… Read More

Flaherty expects growth later this year, despite this quarter’s contraction

OTTAWA—The Canadian economy shrank in the second quarter as a number of one-time shocks rippled through the economy, taking their toll on the key exports sector. But economists said Wednesday that it was unlikely the country would make a second misstep and slip back into a recession as growth is forecast to return in the… Read More

Sun News gives up over-the-air licence

Sun News has used some unconventional methods to ensure that millions of viewers have access to its brand of right-leaning news and punditry – even if few of them actually watch it. But the 24-hour news channel is about to abandon the strategy that gave it a preferred access to more than three million Canadian… Read More

Housing starts climb 4.3% in July

Canadian housing starts unexpectedly climbed 4.3 per cent in July, data showed Tuesday, setting the third quarter off to a strong start in new home construction and maintaining its role as a key support to the economy. Starts, elevated by a big jump in multi-residential construction, rose to a seasonally adjusted annualized rate of 205,100… Read More

Websites to fill vacuum for Canadian real estate listings

Canadian real estate agents will give up their lock on listings data by the end of the year, paving the way for a proliferation of U.S.-style websites that allow users to browse enhanced listings before buying a home. The Canadian Real Estate Association has long guarded the data it generates with each sale its 100,000 members close,… Read More

Dollar hits highest level since November, 2007

The Canadian dollar (CAD/USD-I1.060.0030.32%) traded at its highest level since early November, 2007, on Tuesday as nervousness over the failure of American lawmakers to raise the country’s debt limit punished the greenback. The loonie gained 0.34 of a cent to $1.0607 (U.S.) after earlier running as high as $1.063, its highest level since early November 2007… Read More… Read More

Loonie nears $1.06 as investors nervously watch U.S. debt impasse

The Canadian dollar closed higher against the U.S. currency Monday as markets looked for a resolution to the debt impasse in the United States. The loonie was up 0.37 to 105.73 cents U.S. after talks between U.S. president Barack Obama and House Speaker John Boehner collapsed on Friday and no progress has been made since…… Read More

Toronto’s two new area codes approved

It’s official. Toronto’s newest area code will be 437, and because of soaring demand for phone numbers, the area code 387 is set aside for future use. The Canadian Radio-television Telecommunications Commission announced Friday the approval of the 437 area code in Toronto because the city would likely run out of its current 416 and… Read More

Too many condos? Not necessarily, Says RBC

Canadian condominium construction is strong, but not necessarily excessive, since new units are filling a gap by creating much needed rental stock, says a report by the Royal Bank of Canada. “Concerns have been raised about the growing number of investors fuelling the growth in condo sales in recent years,” said Robert Hogue, a senior… Read More