business

Thirty years ago, it was normal for a grocery store produce manager or part-time nurse to find the five per cent downpayment needed to buy a home, says mortgage broker Ron Butler. Those days are gone. Now, someone earning $115,000 a year would have trouble buying a house in parts of Canada. Source link

The proposed project will transport Canadian ‌crude from the U.S.-Canada ​border to Wyoming. Source link

Carey Perkins is among several small business owners counting on funding through the Indigenous Tourism Association of Canada they have not received. Source link

GDP growth was led by a 1.8 per cent gain in the manufacturing sector, though manufacturing activity was still down compared to a year ago following nearly a year of tariff threats from the U.S. Source link

Unilever said on Thursday it would raise prices to soften the hit from higher-than-expected costs driven by the Iran war, even as it reported first-quarter underlying sales growth ahead of analysts’ forecasts. Source link

General Motors says it will spend $691 million on its St. Catharines Propulsion Plant to support production of its latest V-8 engines for full-sized trucks and SUVs. Source link

FIFA’s marketplace for resale World Cup tickets no longer has seats listed for Toronto matches after a new price cap came into effect last week. The Ontario legislation bans people and platforms from reselling seats to events in the province for more than face value. Source link

The loss of the U.A.E., a longstanding OPEC member, could weaken the group which has usually sought to show a ​united front — despite internal disagreements over a range of issues from geopolitics to production quotas. Source link

Sovereign wealth funds are usually started with extra money that governments then use to invest. But the Canada Strong Fund will differ from wealth funds in some other countries, and there are plenty of details that still need to be sorted out. Source link

After selling off a large chunk of its Canadian assets nearly a decade ago, U.K.-based energy giant Shell is now expanding its operations in Alberta and British Columbia by acquiring Calgary-based ARC Resources for $22 billion. Source link