What is a 'halal mortgage'? Does it make housing more accessible?
The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home ownership.
Five things to watch for in the Canadian business world in the coming week:
Stock markets are closed for trading in Canada on Monday for the Victoria Day holiday, however U.S. markets will be open for business. The difference could mean volatile trading on Canadian markets when they reopen on Tuesday as investors catch up to any news that happened while markets were closed for the holiday.
Canada's big banks will report their second-quarter financial results this week. Scotiabank and BMO will be first out of the gate on Wednesday followed by CIBC, TD Bank and RBC on Thursday. National Bank of Canada will report its results on Friday.
Cineplex Inc. will hold its annual meeting on Wednesday as the company plots a recovery from health measures instituted during the COVID-19 pandemic, which forced theatres to close for lengthy periods. Cineplex reported a first-quarter loss earlier this month, but revenue soared as Canadians returned to the theatres and spent more on tickets and snacks.
Statistics Canada will add a little more detail to the economic picture for March when it releases retail trade figures for the month on Thursday. The agency's preliminary estimate for the month suggested sales were up 1.4 per cent for the month. Retail sales in February rose 0.1 per cent to $59.9 billion, however in volume terms retail sales fell 0.4 per cent for the month.
Canopy Growth Corp. will release its fourth-quarter and full-year financial results on Friday and hold a conference call with financial analysts. The company announced a deal recently to give it the right to acquire California cannabis company Jetty Extracts, if the U.S. federally legalizes the main ingredient in marijuana.
This report by The Canadian Press was first published May 22, 2022.
The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home ownership.
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
An election-year roast of U.S. President Joe Biden before journalists, celebrities and politicians at the annual White House correspondents' dinner Saturday.
It's one thing to say you like Taylor Swift and her music, but don't blame CNN's AJ Willingham's when she says she just 'doesn't get' the global phenomenon.
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
Harvey Weinstein’s lawyer said Saturday that the onetime movie mogul has been hospitalized for a battery of tests after his return to New York City following an appeals court ruling nullifying his 2020 rape conviction.
Polish President Andrzej Duda says while no decision has been made around whether Poland will host nuclear weapons as part of an expansion of the NATO alliance’s nuclear sharing program, his country is willing and prepared to do so.
A number of LGBQT+2s groups in Central Alberta are pushing back against a request from the Red Deer South UCP constituency to reinstate MLA Jennifer Johnson into the UCP caucus.
As if a 4-0 Edmonton Oilers lead in Game 1 of their playoff series with the Los Angeles Kings wasn't good enough, what was announced at Rogers Place during the next TV timeout nearly blew the roof off the downtown arena.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”