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Housing starts up in six largest cities but construction still not closing supply gap

Housing starts up in six largest cities but construction still not closing supply gap

A total of 68,639 units began construction, the second strongest figure since 1990. However, the rate of housing starts per capita meant activity was around the historical average and not enough "to reduce the existing supply gap and improve affordability for Canadians."
Montreal dockworkers approve strike mandate

Montreal dockworkers approve strike mandate

MONTREAL — Dockworkers at the Port of Montreal have approved a strike mandate after more than a year of contract negotiations. Longshore workers voted 97.
National Bank receives Competition Bureau clearance for deal to buy CWB

National Bank receives Competition Bureau clearance for deal to buy CWB

MONTREAL — National Bank of sa¹ú¼Ê´«Ã½ has cleared a key regulatory hurdle in its proposed acquisition of Canadian Western Bank. The Montreal-based bank said Thursday it has received the Competition Bureau's clearance for the deal.
US economy grew at a solid 3% rate last quarter, government says in final estimate

US economy grew at a solid 3% rate last quarter, government says in final estimate

WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged.
Tempted to switch to an online-only bank? Know the perks and drawbacks

Tempted to switch to an online-only bank? Know the perks and drawbacks

Switching to an online-only bank more than a decade ago was just another way Jessica Morgan was trying to save money at the time as a new grad. "Saving money was the main motivator," Morgan, now a financial educator and founder of Canadianbudget.
TD Bank announces new co-heads of U.S. commercial banking business

TD Bank announces new co-heads of U.S. commercial banking business

TORONTO — Toronto-Dominion Bank has named new co-heads of its U.S. commercial banking business. TD says Andy Bregenzer and Jill Gateman will jointly lead the operations.
Court approves sale of Sleep Country to Fairfax Financial

Court approves sale of Sleep Country to Fairfax Financial

TORONTO — The sale of Sleep Country sa¹ú¼Ê´«Ã½ Holdings Inc. to Fairfax Financial Holdings Ltd. has received final court approval.
Ports seek order to force dockworkers to bargaining table as strike looms at East and Gulf ports

Ports seek order to force dockworkers to bargaining table as strike looms at East and Gulf ports

DETROIT (AP) — With a strike deadline looming , the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract. The U.S.
The number of Americans filing for jobless aid falls to lowest level in 4 months

The number of Americans filing for jobless aid falls to lowest level in 4 months

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months. The Labor Department reported Thursday that applications for jobless claims fell by 4,000 to 218,000 for the week of Sept. 21.
The number of Americans filing for jobless aid falls to lowest level in four months

The number of Americans filing for jobless aid falls to lowest level in four months

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months. The Labor Department reported Thursday that applications for jobless claims fell by 4,000 to 218,000 for the week of Sept. 21.