Photo: The Canadian Press The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands this year, a 6.8 per cent decrease from last year. It also now predicts 516,043 being…
Tag: business news article
WestJet shutting down discount airline Swoop
WestJet is shutting down its budget airline, Swoop. The company made the announcement in a news release Friday, noting that the ratification of its recent deal with its pilots allows it to integrate all of its staff at various airlines into a single banner. “As negotiated in the collective agreement, the WestJet Group will now…
Businesses expect slowing prices, wage increases: BoC survey – Business News
Photo: The Canadian Press Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests. In its business outlook survey released Friday, the central bank said for the first time since…
What is an Irrevocable Trust?
A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future. We can help you stay on top of the latest news that…
New investigation targets company executives
Connecticut’s attorney general has announced an investigation into Hyundai and Kia concerning the companies’ failure to equip millions of their vehicles with modern anti-theft technology. In a press release Tuesday, Attorney General William Tong accused the Korean automakers of ignoring repeated calls to install the hardware, known as an engine immobilizer. The technology can prevent…
What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping
Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop. The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level. Just about every…
Tourism businesses could shut down within 3 years: poll
The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors. In a poll of tourism operators, some 45 per cent said they were likely or somewhat likely to shut down within three years unless the government steps in…
Estate Planning: 5 Things to Consider
If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date….