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Economics at globalnews.ca

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03

ICBC discontinues Vernon senior’s care after he was hit by vehicle in 2023

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Wakefield has been getting care for his injuries, including mental health support, but at the end of Dec. 2023, he says ICBC cut his funding.

01

Assessments show B.C. home values hold ‘flat,’ but falling interest rates could change that

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In the Lower Mainland, virtually all municipalities saw values hold to within a three per cent increase or drop. Burnaby, with a four per cent increase, was the outlier.

Thursday, Jan 2

23

Mom of 7 wins $5M in Ontario lottery, plans to buy accessible home and a sandwich

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A woman from Waterloo, Ont,. plans to buy herself a special sandwich and maybe something bigger after recently becoming a multi-millionaire.

Starting this year, income assistance in N.S. to be tied to consumer price index

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Income assistance rates rose by 3.1 on Jan. 1 and will be adjusted annually based on the consumer price index.

21

Manitoba premier says work is underway on measures to fight election interference

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Kinew said he is concerned about so-called "deepfake" images — pictures or videos that are manipulated to make it look like someone has said or done something they did not.

18

Latest GST/HST credit payments to roll out. How much could Canadians get?

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The first benefits of the new year will go out Friday, with eligible Canadians receiving goods and services tax or harmonized sales tax credits from the federal government.

17

Tesla saw annuals sales dip for the first time in 9 years. Here’s why

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Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1 per cent below 2023 sales of 1.81 million.

02

Questions surround Vancouver SRO hotel sitting empty since June 2018

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The 1913-built Regent Hotel at 160 East Hastings Street has been decaying since the City of Vancouver shut it down at the end of June 2018.

Wednesday, Jan 1

22

Canadians are hoping to spend less in 2025

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No-spend 2025 is making waves online, as affordability is top of mind for Canadians. In January people are trying to only spend money on essential things, like monthly bills.

21

2025 brings new taxes in Alberta, electricity ‘rate of last resort’

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Alberta’s electricity “rate of last resort” starts on Wednesday, when residents also start paying a tax on vaping products to fall in line with existing federal taxes.

16

Trump returns to the White House this year. What are his Day 1 priorities?

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With Donald Trump set to return to the White House in a few short weeks, experts say how he acts on the first day of his second presidency will be telling.

13

Tax changes are coming in 2025. Here’s what Canadians need to know

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There are several changes coming into effect as early as Jan. 1 that could affect people’s pocketbooks and how they file tax returns.

11

Will it be easier or harder for Canadians to buy a home in 2025?

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Lower interest rates and changes to mortgages in Canada could help open the door to some would-be homebuyers in 2025. Here's what to expect.

With tariffs on China, trade tension with U.S., what could get costlier in 2025?

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With trade disputes with two of Canada’s largest trade partners – China and the United States – looming, some experts are warning that consumers could see higher prices.

04

BC Ferries passenger says he was stopped, questioned if he was a ‘courier’

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BC Ferries said it cannot share details regarding specific customer incidents due to privacy reasons but it said staff work hard to follow and uphold safety and security protocols.

Metro Vancouver spent thousands on catering at PNE, records reveal

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A freedom of information request has revealed new details about how thousands of Metro Vancouver taxpayer dollars were spent on catering and alcohol at the PNE.

Tuesday, Dec 31

23

Saskatchewan announces 2025 affordability plans

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The provincial government announced on Tuesday the Saskatchewan Affordability Act as part of its plans to provide residents with financial relief in 2025.

19

‘Harsh reality’: Ontario food bank use reaches record highs

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In Toronto, the Daily Bread Food Bank says the need has hit levels not seen in its 41-year history, recording 3.75 million visits this past year.

18

B.C.’s house-flipping tax goes into effect on Jan. 1, 2025

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That percentage drops to 10 per cent after 18 months and then down to zero after the person has owned the property for more than two years.

Have New Year’s resolutions? Tips to stay on track in 2025

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A study of New Year’s resolutions published in 2020 found that people who focus on specific goals are more successful than those simply trying to kick bad habits.

14

Chinese hackers involved in ‘major cybersecurity incident’: U.S. Treasury

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Chinese hackers remotely accessed several U.S. Treasury Department workstations and unclassified documents, the agency said Monday.

13

This Quebec grocery store sells everything at a discount — with a catch

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Just like any other grocery store, Liquidation Marie sells a bit of everything — from meats, cheeses, candy and condiments, to dog food, and drinks.

11

Canadians say cost of living was the top news story of 2024: poll

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Even with inflation easing and interest rates being lowered, Canadians still said the cost of living was the top news story of 2024, new polling shows.

Monday, Dec 30

00

Supply low in Saskatchewan’s 2025 housing market

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Saskatchewan's 2025 housing market won't look much different from 2024, with supply struggling to keep up with demand. Experts predict Saskatchewan will be a seller's market.

Record year for emergency calls in Saskatoon

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A year of broken records for Saskatoon, 2024 saw increased emergency responses and more than double the community paramedic events compared with 2023.

21

Popular Edmonton brewery Biera to close at the end of the year

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The owner of Biera says because of changing market conditions and customer habits, he will be closing down his award-winning brewery at the end of the year.

20

Want to claim charitable donations on tax returns? Ottawa to extend deadline

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The federal government announced it was extending the deadline for making charitable donations that can be claimed on tax returns, just days after Canada's premiers called for it.

18

Trump sex abuse verdict, US$5M award upheld by U.S. appeals court

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The court upheld the US$5 million award that a Manhattan jury granted to E. Jean Carroll last May for defamation and sexual abuse.

Regina used bookstore says business is always up

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Centennial Books in Regina is a used book store that says business is good, despite recent challenges faced by major retailors in the bookselling business.

Saturday, Dec 28

17

Trump asks U.S. Supreme Court to delay TikTok ban so he can weigh in after he takes office

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The request came as TikTok and the Biden administration filed opposing briefs to the court.