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Economics at thestar.com

Wednesday, Jul 19

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Defense wants trial in attack against Nancy Pelosi’s husband moved from San Francisco

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Lawyers for the man charged in last year’s attack against former U.S. House Speaker Nancy Pelosi’s husband want his federal trial to be moved out of San Francisco, saying intense publicity means he won’t get a fair trial.

Luxury home sales drop in Toronto with unit sales of $4-million-plus homes sliding 34%

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Toronto has seen a slide in luxury homes sales according to a report released Wednesday by Sotheby’s International Realty Canada.

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‘Audacious’: Canada offers work permits to lure tech workers in the U.S., but will they come — and stay?

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Canada has pulled off a successful 48-hour raid of tech workers in the U.S. after opening and closing a quick immigration program one observer is calling “audacious.”

Did the Bank of Canada just push Canada over the tipping point?

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Interest rates can’t fix housing costs and they won’t take one bite out of food inflation. So why is the Bank of Canada continuing down this path?

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Tuesday, Jul 18

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Talks continue as deadline closes in on potential strike by 3,700 Metro grocery store workers

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Talks to avert a strike by 3,700 workers at Metro stores in the Greater Toronto Area were still continuing as of press time Tuesday.

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‘We’re going to fix that process’: Doug Ford says as attorney general defends controversial ‘King’s Counsel’ list

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As embattled Attorney General Doug Downey defended the controversial King’s Counsel title for lawyers on Tuesday, an impatient Premier Doug Ford vowed to “fix that process.”

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Toronto’s rent crisis: Minimum wage would have to hit $40 an hour for workers to be able to afford to live here, report finds

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Ontario’s minimum wage would have to rise to $40 an hour for Toronto workers to comfortably afford a two-bedroom apartment and still have money for food and utilities, according to a report from the Canadian Centre for Policy Alternatives.

‘We’re getting there’: Canada’s inflation rate falls below 3% in June while grocery prices remain high

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The annual rate of inflation fell to 2.8 per cent in June, putting it just below the top of the Bank of Canada’s target range, Statistics Canada announced Tuesday.

Bonuses for Bank of Canada workers draw fire as many Canadians struggle to afford basics

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Bonuses given to Bank of Canada employees as Canadians struggle with increased interest rates and inflation underscore how such pay structures are helping to increase income inequality in Canada, says one economist.

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Monday, Jul 17

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Ottawa has spent billions helping fossil fuel companies. Justin Trudeau is about to change that. Here’s what you need to know

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OTTAWA—They’re big, profitable corporations whose products — while essential to modern life — created the climate crisis.

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Talks down to the wire as 3,700 GTA Metro grocery store workers set to go on strike

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The grocery chain and Unifor Local 414 remain at the negotiating table, with workers seeking better wages and benefits and more full-time jobs.

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Heather Mallick: What would Canadians do with a 60-hour day?

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The moon put on the brakes on a 60-hour day. But what if it hadn’t?