Senior-housing companies in Canada rallied after Amica Mature Lifestyles Inc. agreed to be acquired by a pension fund-backed company, extending an industrywide consolidation.
The average price for single-family detached homes in Greater Vancouver has jumped 20 per cent to a record $1.47-million over the past year as the affordability gap widens between houses and condos.
Many parents are spending up to $500 a month to support adult children and it is eating into their retirement savings plans, a survey has found.
Tyler Anderson / National PostSears Canada can succeed as a retailer that fits in a niche between discount chains like Walmart and more upscale apparel and home goods retailer, says executive chairman Brandon Stranzl.
Canadian Oil Sands Ltd. is expecting the Syncrude oil sands development north of Fort McMurray, Alta., to return to normal production rates toward the end of the month.