Business

The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation, the federal agency announced on Thursday.  Deadline for last round of new or resubmitted applications is midnight ET on March 21, 2024. The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation …

The Philippines registered $76 million in net outflows of foreign portfolio investments or hot money in January, lower than the $205-million net withdrawals in December 2023, the Bangko Sentral ng Pilipinas (BSP) said Friday.  It also marked a reversal of the $291-million net inflows recorded a year ago, data from …

The Body Shop will close 33 of its Canadian stores and end online sales, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced.  Retailer previously said Canadian stores would not be impacted by U.K. branch’s woes. The Body Shop to close 33 Canadian stores The Body Shop is …

Former talk show host Oprah Winfrey is leaving the WeightWatchers board of directors and donating her stock in the weight management firm, the company said Thursday, sending its stock tumbling in early trading. Exit of celebrity shareholder comes at a time when WW is struggling to turn a profit. Former …

The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.  StatsCan says aside from first year of pandemic, growth in 2023 rose at slowest pace since 2016. …

It comes as no surprise to some industry experts: Air Canada hiked its first checked-bag fee by $5 for economy-type fares this week, just two weeks after WestJet did the same.  Domestic checked-bag fees have climbed 40% since they were introduced in 2014. It comes as no surprise to some …

The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion. Company had estimated the cost of project at $30.9B last May The company building the Trans Mountain pipeline expansion now estimates the …

Craving a Frosty? Better get it on a slow day if you’re going to a Wendy’s that’ll be testing surge pricing in the U.S. The company recently announced the move for some locations as part of its new digital menus to be launched next year. Menu items will cost more …

EXCEEDING TARGET. D&L Industries, Inc.’s new manufacturing plant inside the First Industrial Township – Special Economic Zone in Batangas has been operating for seven months. Its exports already went up by 175 percent versus the committed target to the Philippine Economic Zone Authority as of February 2024. (Courtesy of D&L) MANILA – …

Hourly wage workers get another day to make money on leap years, but for salaried employees, that extra day is likely unpaid.  The average salaried worker could be losing out on hundreds of dollars on leap day. Rohith Krishnan was “bummed” when he found out he’s not getting paid for …