Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage lender Home Capital Group Inc. cut ties with dozens of brokers over fraud allegations.
A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financial health demonstrates it's not all doom and gloom.
OTTAWA (Reuters) - Canadian producer prices unexpectedly rose 0.7 percent in July, the third consecutive monthly gain, on higher prices for motorized vehicles and aircraft, Statistics Canada data indicated on Friday.
Imperial Oil now says the earliest it can start building the Mackenzie Gas Project in N.W.T. is in 2022. The company is asking the National Energy Board to extend the board's approval of the project by seven years.
The Toronto Catholic District School Board opted to expropriate 17 North York townhouses to make way for a new high school in a controversial vote late Thursday.