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Changing amortization, cap on insured mortgages not the answer to affordability: CMHC

Changing amortization, cap on insured mortgages not the answer to affordability: CMHC

TORONTO — The head of Canada's housing agency says measures such as extending mortgage amortizations and changing the threshold to qualify for an insured mortgage are not the answer to the country's housing affordability challenges.
Ottawa unveils $350-million fund to support green tech in aerospace

Ottawa unveils $350-million fund to support green tech in aerospace

PARIS — The federal government says it will invest nearly $350 million to support decarbonization of the aerospace industry.
Empire expands Voilà online grocery home-delivery service into Alberta

Empire expands Voilà online grocery home-delivery service into Alberta

STELLARTON, N.S. — Empire Co. Ltd. says it's launching its Voilà online grocery home-delivery service in Calgary, Edmonton and the surrounding areas.
Canadian technology organizations form semiconductor working group

Canadian technology organizations form semiconductor working group

TORONTO — Several Canadian tech organizations are forming a group to advance the country's semiconductor industry. The group is called the Semiconductor Industry Leadership and Innovation Canada Action Network.
'Retail has nine lives' in Canada as 2023 consumer spending strong — for now: Report

'Retail has nine lives' in Canada as 2023 consumer spending strong — for now: Report

Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found.
Why Marty Walsh left the Biden administration to run the NHL players' union

Why Marty Walsh left the Biden administration to run the NHL players' union

Marty Walsh wasn't a man in a hurry to leave the Biden administration. Less than halfway through the president's term, Walsh was in a comfortable spot in the Cabinet as labor secretary.
'I didn't have the energy to be upset': Entrepreneurs struggle with parental leave

'I didn't have the energy to be upset': Entrepreneurs struggle with parental leave

TORONTO — For as long as she has worked, Marie Chevrier Schwartz has paid into Canada's Employment Insurance program. Yet when she eventually needed to collect the benefit, she was denied support.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: OSFI domestic stability buffer The Office of the Superintendent of Financial Institutions will make its semi-annual announcement Tuesday regarding the domestic stab
WestJet to shut down Sunwing Airlines, merge it with mainline business

WestJet to shut down Sunwing Airlines, merge it with mainline business

WestJet will wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business within two years as part of a strategy to streamline operations amid fierce competition.
TD Bank says outage that halted direct deposits has been resolved

TD Bank says outage that halted direct deposits has been resolved

TD Bank says it has fixed the technical problems that kept some account holders from getting paid on Friday.
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