Articles for tag: Cost of Living, Dollarama, financial crisis, Inflation, Ottawa

December 23, 2025

jatin

Why Ottawa Families Are Switching to Dollarama as Cost of Living Soars

As inflation continues to squeeze household budgets across Canada, Ottawa residents are increasingly turning to an unlikely grocery ally: Dollarama. What was once considered a place for party supplies and craft materials has become a strategic shopping destination for families trying to make ends meet. The Numbers Tell the Story Dollarama’s sales and profits surged in 2024 as more Canadians shopped for affordable groceries and essentials. The discount retailer reported remarkable growth, with comparable store sales increasing 8.7% in the fourth quarter of fiscal 2024, reflecting a fundamental shift in Canadian shopping habits. For Ottawa families, this trend isn’t surprising.

December 3, 2025

jatin

RBC Reports Record Earnings and Raises Profitability Targets

Royal Bank of Canada has capped off an exceptional fiscal year with a remarkable fourth-quarter performance, posting a 29% year-over-year increase in profits and becoming the first Canadian bank to surpass $20 billion in annual earnings. Strong Q4 Performance The country’s largest bank reported fourth-quarter profits of $5.4 billion, or $3.76 per share, for the three months ending October 31. On an adjusted basis, earnings reached $3.85 per share, comfortably beating analyst expectations of $3.55 per share. This strong performance prompted RBC to increase its return on equity target from 16% to 17% or higher, signaling confidence in its ability

November 24, 2025

jatin

Ontario’s Bill 60: What Renters Need to Know

The Ontario legislature has passed Bill 60, a controversial housing bill that has sparked heated debate between the Ford government, housing advocates, and tenant organizations. If you’re one of the many Ontarians who rent your home, here’s what you need to understand about this new legislation and how it might affect you. What Just Happened? On Monday, November 24, 2025, Bill 60 passed despite significant opposition from housing advocates and renters across the province. The vote was so contentious that security had to clear the public gallery after members of ACORN Canada, a tenant advocacy group, began chanting in protest.

November 21, 2025

Kritika

Canada Post Reports 'Unprecedented' $541M Loss Before Taxes in Third Quarter

Canada Post Reports ‘Unprecedented’ $541M Loss Before Taxes in Third Quarter

Canada Post is facing the deepest financial crisis in its history, reporting losses of $541 million before taxes in the third quarter, marking what the Crown corporation has called an “unprecedented” quarterly deficit. The staggering loss represents the worst quarterly performance in the organization’s history and signals mounting challenges for the national postal service. Historic Financial Deterioration The losses ballooned from $315 million in the same quarter a year earlier, demonstrating a dramatic acceleration in the corporation’s financial decline. Chief financial officer Rindala El-Hage described the corporation as “effectively insolvent”, painting a dire picture of the organization’s fiscal health. For