Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March … Read more

Welcome Athena Club, a wellness brand and success story launched by two Canadians

Shaving ad campaign for Athena Club.Handout When Canadian entrepreneurs Maria and Charles Desmarais set out to launch their self-care essentials brand Athena Club across Canada, they were primed to upend the country’s hypercompetitive wellness industry. Through a regimen-ready range of products, a clever combination of culturally-aware marketing campaigns, and a direct-to-consumer business model that addresses … Read more

Canadian-made drones show promising new technology for demining efforts in Ukraine

A drone from Canadian company DraganFly takes off to scan a demonstration mine field using a magnetometer, in Dmytrivka, Ukraine, on June 16.Anton Skyba/The Globe and Mail A massive Canadian-made drone rose into the sky over a village near Kyiv on Thursday, and began to scan the ground below for mines and other unexploded ordnance, … Read more

Ottawa will ‘absolutely not’ reimburse civil servants who refused COVID-19 vaccination and were placed on unpaid leave

Intergovernmental Affairs Minister Dominic LeBlanc makes an announcement on ending vaccine mandates for some travellers, transportation workers and federal employees in Ottawa on June 14, 2022.PATRICK DOYLE/The Canadian Press Civil servants who were placed on unpaid leave for refusing to get vaccinated against COVID-19 will not be compensated for eight months of lost pay now … Read more

Chinese President Xi tells Russian President Putin all sides should work to resolve Ukraine crisis

Chinese President Xi Jinping, right, and Russian President Vladimir Putin meet in Beijing, on Feb. 4.Alexei Druzhinin/The Associated Press Chinese President Xi Jinping told Russian leader Vladimir Putin Wednesday that all sides should work toward resolving the crisis in Ukraine “in a responsible manner.” “China is willing to continue to play a role in this … Read more

Scottish First Minister Nicola Sturgeon launches campaign for second independence referendum

Scottish First Minister Nicola Sturgeon speaks at a news conference in Edinburgh, Scotland, on June 14.Russell Cheyne/The Associated Press Scottish First Minister Nicola Sturgeon launched her campaign for a second independence referendum on Tuesday, arguing that Scotland would be economically better off outside the United Kingdom. Ms. Sturgeon, who leads the Scottish National Party as … Read more

Canada to suspend vaccine mandates for most domestic and international travel, government jobs

Travelers at Toronto Pearson International Airport’s Terminal 1, are photographed on May 25, 2022. Fred Lum/The Globe and Mail.Fred Lum/The Globe and Mail The federal government is set to suspend the COVID-19 vaccination requirement for domestic travel by airplane and train, and for people leaving Canada by air, sources said. However, a source said the … Read more

Private mortgage lender Magenta suspends new loan applications until fall

A house is for sale in Ottawa, Ont., on April 13.Spencer Colby/The Globe and Mail Magenta Capital Corp., one of Canada’s largest private mortgage lenders, has suspended new loan applications until September, according to an e-mail to its broker clients viewed by The Globe and Mail. It’s an unexpected move for a lender that has … Read more

Mélanie Joly’s office knew that senior official would be at Russian embassy party

Minister of Foreign Affairs Melanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on June 13. A spokesperson for the minister said Ms. Joly did not know that Yasemin Heinbecker would be attending a party at the Russian embassy in Ottawa.Justin Tang/The Canadian Press The office of Foreign … Read more

Mexican President slams NATO’s policy on Russia’s invasion of Ukraine, calls it ‘immoral’

Mexican President Andres Manuel Lopez Obrador speaks during a virtual summit at the National Palace, in Mexico City, on April 22, 2021.HENRY ROMERO/Reuters Mexico’s president slammed NATO’s policy on the Russian invasion of Ukraine on Monday, calling it “immoral.” President Andres Manuel Lopez Obrador did not mention NATO or the United States by name, but … Read more