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Merger talks between Postmedia and Toronto Star owner fall apart

Talks to combine two of the biggest newspaper publishers in Canada have fallen apart. Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of The Toronto Star and dozens of other smaller newspapers under the Metroland banner — announced late last month that they had entered non-binding discussions about possibly merging. The […]

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Dollarama 21 per cent sees an increase in sales year-over-year

MONTREAL – Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation. In the quarter ended April 30, the company said strong demand was held up across the board, from consumables to seasonal items and general merchandise,

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Inflation rate unexpectedly increased in April, jumping up to 4.4%

Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate. Economists had been expecting new data released by Statistics Canada on Tuesday to show the cost of living had eased from March’s 4.3 per cent pace to something around 4.1. Instead, it moved higher again, as

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Toronto homeowners’ cost of living costs almost 60%

Breadcrumb Trail Links News Canada’s biggest city isn’t just expensive for homeowners. Renters’ costs have suffered 22% Published May 01, 2023 • Last updated 18 hours ago • 4 minute read Costs for Toronto homeowners have skyrocketed 58 per cent since last year. Photo by Ernest Doroszuk/Toronto Sun/Postmedia Article content Financial Post Top Stories Sign

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Business confidence in Pakistan at record low

Karachi, April 8 (IANS) Business confidence in Pakistan continued to slide in the first three months of 2023 amid multiple economic crises, according to the latest edition of the Gallup Business Confidence Index. “Last year’s political instability has carried over to combine with various economic crises and exacerbated business insecurity,” Dawn news quoted the survey

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Europe’s central bank hikes interest rates by 50 basis points despite bank chaos

The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage point Thursday, underlining its determination

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