OTTAWA - The Bank of Canada's benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday.
The two ministries that handed nearly $4 million to Goodwill Industries of Toronto, Eastern, Central and North Ontario (TECNO) in 2014-15 insist to this day the now-defunct agency spent the money for the purposes intended.
The value of building permits issued in Kitchener, Waterloo and Cambridge increased nearly 25 per cent between November and December, newly-released statistics show.
Refineries were the only thing standing between Canada's largest oil producers and operating losses. That boost to earnings may be coming to an end.
The low Canadian dollar is finally starting to lure more Americans northward, but Canadians are still expected to spend twice as much in the U.S.