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About $1 billion of mortgage payments deferred each month during pandemic: CMHC

By Anita Balakrishnan OTTAWA- About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday. The calculation, released in CMHC’s annual residential mortgage industry report, is based on Equifax Canada’s estimate that the average monthly mortgage payment in Canada ...

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Budget watchdog slashes economic growth projections, blames temporary factors

OTTAWA- Canada’s budget watchdog says economic growth during the final quarter of 2019 will be “significantly weaker” than predicted in its fall report. In its latest report on near-term growth, the parliamentary budget office says real GDP growth in the final three months of last year will likely come in ...

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Top trends impacting commercial real estate in 2020

The growth of e-commerce translates into  industrial and storage space increasing next year,  industry experts say. Cities like Vancouver, at a limit for land, will have to look for new solutions including  multistorey warehouses . THE SKY GUYS Low interest rates, socially responsible investing, and climate impacts among global trends ...

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Novacap portfolio company Bestar acquires Bush Industries

Desjardins Capital and Fonds de solidarité FTQ support the transaction by becoming shareholders of the new group Bestar-Bush MONTRÉAL, Jan. 14, 2020 – Novacap, one of Canada’s leading private equity firms, is proud to announce today that Bestar, one of its portfolio companies designing and manufacturing ready-to-assemble (RTA) furniture, has ...

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BCE’s George Cope to retire as head of Canada’s largest telecom media company

By David Paddon THE CANADIAN PRESS TORONTO- The announcement Friday that George Cope will retire in January after nearly 12 years as chief executive of BCE Inc. has focused fresh attention on the sprawling telecom and media giant as the industry undergoes fundamental changes. The Montreal-based company, which owns Bell ...

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Rules for new corporate ombud criticized for deferring to companies 

By Mike Blanchfield THE CANADIAN PRESS OTTAWA- The federal government is giving its new watchdog on international corporate responsibility unprecedented power to hear complaints from Canadian companies that think they’ve been unfairly targeted by abuse allegations. Advocates for stronger oversight say they’re stunned by a proposed federal regulation that gives ...

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Court grants Competition Bureau access to records of complaints against Bell 

OTTAWA-Canada’s competition watchdog says a court order issued Thursday will allow it to see customer complaints filed against Bell Canada.   The Federal Court of Canada has granted the Competition Bureau’s request for records from the Commission for Complaints for Telecom-television Services.   The Competition Bureau says that its investigation ...

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Quebec government doesn’t rule out buying SNC Lavalin shares, Legault says

BROMONT, Que.- Quebec Premier Francois Legault says his government isn’t ruling out buying shares in SNC-Lavalin in order to prevent the company from being sold or dismantled. Legault said Friday that all options are currently on the table when it comes to saving the troubled Montreal-based engineering giant and the ...

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