Pearson airport head earned $2 million in 2021 — making her one of the highest-paid airport CEOs in North America

Pearson airport head earned  million in 2021 — making her one of the highest-paid airport CEOs in North America

In 2021, the board overseeing Toronto’s Pearson airport made its new CEO one of the highest-paid airport heads in North America, paying Deborah Flint just over $2 million, in part for meeting performance targets. The compensation, detailed in the Greater Toronto Airports Authority’s annual information form, provides a window into the board’s confidence in Flint’s … Read more

Loblaws price freeze nothing but a publicity stunt, critics say

Loblaws price freeze nothing but a publicity stunt, critics say

A way to help Canadians with soaring household food bills, or nothing more than a publicity stunt? For anti-poverty activists, politicians and ordinary Canadians on social media, it was undisputably the latter, after Loblaws announced Monday it was freezing prices on its No Name brand products until Jan. 31, 2023. “This definitely feels like a … Read more

Canada’s wealthiest households see net worth drop by $200,000 as previous gains erased

Canada’s wealthiest households see net worth drop by 0,000 as previous gains erased

Canada’s wealthiest households saw nearly $200,000 wiped off their net worth in the second quarter of 2022. A perfect storm of economic pressures caused households to lose wealth as asset values ​​declined amidst turmoil in the financial and housing markets, while interest rates and inflation increased, according to a Statistics Canada report released Monday. The … Read more

The real reason for the Children’s Tylenol shortage

The real reason for the Children’s Tylenol shortage

Kim Mackay has resorted to giving her 11-year-old son expired children’s Tylenol desperate to ease his pain. The 44-year-old mother and her husband scoured the aisles of at least 10 pharmacies in Vancouver and Burnaby in British Columbia in search of the pain medication for their child’s pancreatitis but could not find the product on … Read more

Now Amazon wants to track you while you sleep with Halo Rise

Now Amazon wants to track you while you sleep with Halo Rise

Imagine yourself tucked snugly into bed. It’s autumn now, so the warmth of your duvet is welcome coziness. To add to the comfort, there’s a small, glowing device just next to your lamp — tracking your movements as you sleep. That, in effect, is the Halo Rise, a new device from Amazon designed to observe … Read more

Why cash-strapped Canadians could soon be pushed to bankruptcy

Why cash-strapped Canadians could soon be pushed to bankruptcy

“Wickedly high.” That’s how Doug Hoyes describes the amount of debt Canadians are carrying. And he would know: the licensed insolvency trustee spends his days working with people who are drowning in debt, at a time when consumer insolvencies are hitting the highest levels since the start of the pandemic. Interest rates are rising, a … Read more

Using a credit card could soon cost you more as retailers allowed to pass on ‘swipe’ fees to customers

Using a credit card could soon cost you more as retailers allowed to pass on ‘swipe’ fees to customers

Christy McMullen, vice president of Summerhill Market, estimates her family-run business spends about $1 million per year on fees to process credit card transactions. It’s a big cost in the grocery business, which already operates on razor-thin profit margins, but as of next Thursday, the chain of four upscale Toronto grocery stores could choose to … Read more

This Ontario couple bought a house without a home inspection — and it was a disaster

This Ontario couple bought a house without a home inspection — and it was a disaster

Meaghan Darrach’s search for a new home in the summer of 2021 could only be described as “chaos.” “There were bidding wars everywhere. Nothing was going for what it was listed as, and other people were going in with no conditions, which is ultimately why we went in with no conditions for the place we … Read more

Toronto couple makes $235K a year. Will interest hikes hurt them?

Toronto couple makes 5K a year.  Will interest hikes hurt them?

For Mei and Harold, both 27, the prospect of further interest rate hikes could mean trouble for their variable rate mortgage. The couple have a 30-year mortgage on a home they purchased earlier this year in Etobicoke. “These recent rate hikes have really affected our ability to spend and save,” Mei explains. “With the speculation … Read more

Prices at Toronto restaurants to soar by up to 15% — as industry deals with ‘anything but normal’ situation

Prices at Toronto restaurants to soar by up to 15% — as industry deals with ‘anything but normal’ situation

Menu prices at your favorite restaurants and bars, already on the rise for months, could climb as much as 15 per cent more by year’s end, as the industry continues adjusting to inflation and ongoing hiring struggles. That’s according to Restaurants Canada’s annual report, Foodservice Facts, which paints a grim picture of the food service … Read more