Articles for tag: Canada, financial crisis, Financial Deterioration

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