‘Perfect storm’: Canadian charities feeling inflation pinch ahead of holiday season – National

As the festive holiday season approaches, decades-high inflation is dampening the spirit for many Canadian charities struggling with rising costs, increased demand and shrinking donations this year. Charities across the country are feeling the pinch as Canadians struggle to make ends meet and rein back on charitable contributions. This coupled with more people turning for … Read more

Short-term, fixed-rate mortgages are growing in popularity. Are they right for you? – National

Shorter-term fixed-rate mortgages are increasingly popular among Canadian homeowners and house hunters seeking the certainty of a steady rate but looking for more flexibility in their financing, experts say. With the Bank of Canada seemingly getting close to the peak of its interest rate tightening cycle, mortgage professionals who spoke to Global News said the … Read more

Inflation driven by profits in few sectors, including oil and gas: report – National

A new report by the Center for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest. Report author and economist Jim Stanford analyzed the profits of the 52 business sectors tracked by Statistics Canada, … Read more

Peterborough city council to consider funding increase for Wolfe St. overflow shelter – Peterborough

Peterborough city council will decide on staff recommendations to increase funding and subsequently lengthen the operation of its 24-hour emergency overflow shelter on Wolfe Street. Several reports addressing homelessness issues will be presented to city council on Monday. One of the staff recommendations is for the 40-bed overflow shelter at 210 Wolfe St. to operate … Read more

Saskatchewan mid-year report expects ‘significant surplus’

The government of Saskatchewan released the mid-year report for the 2022-23 year, noting that it anticipates a “significant surplus.” “A surplus of $1.1 billion is forecast at mid-year, up $1.6 billion from budget,” the report read. Read more: YWCA Regina facility receives funding amid rising construction costs Read More YWCA Regina facility receives funding amid … Read more

‘All kinds of things to offer that isn’t money’: How young Canadians are giving back differently

Instead of donating money to charity, Noémie Sauvé gives back to her community in a different way. “As young people, we don’t necessarily have the funds to give monthly donations but we’re more prone to giving our time,” the 23-year-old medical student said. Sauvé has been involved with Helping Hands, a McGill University student-led initiative … Read more

Agriculture groups hopeful new Indo-Pacific strategy brings more trade deals – National

Agriculture commodity groups are applauding the Liberal government’s long-awaited Indo-Pacific strategy and hoping it will lead to more, and better, free trade deals. The strategy, announced Sunday in Vancouver, includes commitments to increase military spending and build closer ties with countries such as India. Read more: Canada’s Indo-Pacific strategy ‘long overdue,’ shows ‘radical change’ on … Read more

Ivey Foundation will distribute $100-million endowment to causes aimed at accelerating progress on climate change

Dr. Bruce Lorrie, president of the Ivey Foundation, says the foundation has determined that the need to transform industrial policies to meet climate goals is too acute to keep funding projects at its current rate.Fred Lum/The Globe and Mail One of Canada’s largest and oldest philanthropic organizations has decided to wind down and distribute its … Read more

Fall economic statement does not show fiscal restraint: parliamentary budget officer – National

By Staff The Canadian Press Posted November 28, 2022 6:06 pm Decrease article font size Increase article font size Parliamentary budget officer Yves Giroux says the federal government did not show fiscal restraint in its recent fall economic statement. Giroux told MPs at a House of Commons finance committee that the federal government is spending … Read more

Canadian banks to provide financial update in Q4 results ahead of possible recession – National

Canadian banks are set to reveal how they’re faring in the lead up to a possible recession as they report quarterly earnings this week. As central banks raise interest rates to slow inflation, economic fears have held bank stocks back compared with the overall market, so analysts will be looking to see how well set … Read more