Ottawa Contractors Support Group
Carla Louisse
Added a day agoCanada's Crypto King arrested on fraud charges
Aiden Pleterski, who dubbed himself the "Crypto King" of Canada, has been arrested in Whitby, Ontario, for his involvement in a $40 million fraud. The arrest, which also saw another man taken into custody, follows an extensive investigation into a Po…
Carla Louisse
Added a day agoLightspeed reappoints founder Dax Dasilva as CEO, reports Q4 revenue up 25%
Three months after stepping back as interim CEO, Dax Dasilva has been reappointed as the permanent chief executive of Lightspeed Commerce Inc., the Montreal-based payments technology company he founded. Dasilva returned to the top role in February af…
Carla Louisse
Added a day agoHonda electric vehicle battery parts plant to open in Niagara Region
A significant development is on the horizon for Ontario’s Niagara Region. Asahi Kasei Corp., a Japanese company, is set to build a $1.6-billion plant in Port Colborne. This facility will produce a crucial component for electric vehicle batteries as p…
Carla Louisse
Added a day agoU.S. inflation numbers, fizzling meme stock rally
The latest U.S. inflation numbers offer a glimmer of hope for those eyeing a rate cut. The core inflation rate fell to its lowest in three years, matching expectations at 0.3% for the month. The overall inflation rate was slightly below expectations…
Carla Louisse
Added a day agoU.S. core CPI cools for first time in 6 months in relief for Fed
In a sign of relief for the U.S. Federal Reserve, underlying inflation in the United States slowed in April for the first time in six months. The core consumer price index (CPI), which excludes volatile food and energy costs, rose by 0.3% from March…
Carla Louisse
Added a day agoUnderstanding the Costs: A Breakdown of Building Permit Fees in Canada
Building your dream home or renovating your space can be an exciting journey, but amidst the blueprints and construction plans, there’s a crucial step that often gets overlooked: obtaining building permits. These permits are not just bureaucratic red…
Carla Louisse
Added a day agoTips for Avoiding Appliance Repair Emergencies in Canada
Home appliances play a crucial role in our daily lives, making household tasks more manageable and efficient. In Canada, where the climate can be quite harsh, the reliability of these appliances becomes even more critical. Unexpected appliance failur…
Carla Louisse
Added 2 days agoCMHC reports annual pace of housing starts in April down 1% from March
The Canada Mortgage and Housing Corporation (CMHC) announced that the annual pace of housing starts in April saw a slight decrease of one per cent compared to March. The seasonally adjusted annual rate of housing starts was 240,229 units for April, d…
Carla Louisse
Added 2 days agoJudge says construction on massive CN Rail hub can continue — for now
Construction on a massive rail-and-truck hub in the Greater Toronto Area can proceed for the time being, according to a ruling from the Federal Court of Appeal. The future of the $250-million Canadian National Railway Co. (CN) terminal in Milton, Ont…
Carla Louisse
Added 2 days agoCanadian banks directed over US$100 billion to oil and gas last year
Canadian banks provided nearly US$104 billion in funding to fossil fuel projects last year, according to the latest Banking on Climate Chaos report. This funding comes despite the urgent need to reduce emissions and combat climate change.The report,…
Carla Louisse
Added 2 days ago'A steadfast champion of Atlantic Canada': Oil executive Arthur Irving dies at age 93
Arthur L. Irving, a prominent figure in the Canadian oil industry, passed away at the age of 93. Irving Oil announced his death, stating that he died on Monday, surrounded by his wife, Sandra, and daughter, Sarah.Arthur Irving, the second son of New…
Carla Louisse
Added 2 days agoCanada's economy faces 'mismatch' between employers and newcomers
Canada's economy is experiencing a significant mismatch between employers and newcomers, according to Susan Black, president and CEO of the Conference Board of Canada. In a recent interview, Black highlighted a growing concern: while small and medium…
Carla Louisse
Added 2 days agoBuilding Permit Tips for Homeowners: What You Need to Know in Canada
When you decide to undertake a home renovation or construction project in Canada, navigating the labyrinth of building regulations and permits can be daunting. However, understanding the process and requirements for obtaining a building permit is ess…
Carla Louisse
Added 2 days agoAll About LED Bulbs and Why its time to make a switch!
In the world of lighting, a bright revolution is taking place, and it's all about LED bulbs. Light Emitting Diodes, or LEDs, have become the go-to choice for illumination in homes, offices, and public spaces. This shift is not just about following tr…
Carla Louisse
Added 3 days agoToronto businessman Tanenbaum in talks to buy French soccer club Saint-Etienne
Toronto businessman Larry Tanenbaum is in exclusive talks to purchase the storied French soccer club Saint-Étienne, according to an announcement by the club on Monday. The full acquisition is expected to be finalized within a few weeks, just as the t…
Carla Louisse
Added 3 days agoHydro One reports $293M Q1 profit, up from $282M a year earlier
Hydro One Ltd., Ontario's largest electricity transmission and distribution provider, announced a significant increase in its first-quarter profit compared to the previous year. The company reported a net income of $293 million, or 49 cents per dilut…
Carla Louisse
Added 3 days agoRoaring Kitty has meme stocks roaring for second day
The excitement surrounding meme stocks has surged for the second day in a row, driven by the return of Keith Gill, famously known as Roaring Kitty. Stocks like GameStop and AMC, which gained fame during the 2021 Reddit-fueled trading frenzy, are once…
Carla Louisse
Added 3 days agoCanada should boost mortgages with longer terms, Desjardins says
Canada should introduce more mortgages with longer renewal terms, says Desjardins, the country's largest financial co-operative. According to a report released on Monday, offering more 10-year mortgage options could help households manage "payment sh…
Carla Louisse
Added 3 days agoSellers re-entering the housing market, buyers continue to be constrained
Canada's major housing markets are beginning to show signs of recovery, but a full rebound is unlikely until interest rates drop significantly, according to Robert Hogue, assistant chief economist at RBC. In a report released Tuesday, Hogue noted tha…
Carla Louisse
Added 3 days agoAvoid These Common Mistakes in Home Renovation Business
Embarking on a home renovation project can be both thrilling and daunting. Whether you're sprucing up your own residence or helping others transform their spaces, the journey is riddled with potential pitfalls. As a home renovation professional, stee…
Carla Louisse
Added 3 days agoAnt Invasion: Natural Remedies to Protect Your Home and Garden
Ants, those tiny yet formidable creatures, have a knack for invading spaces where we least want them—our homes and gardens. Whether they’re scurrying across kitchen countertops or constructing elaborate tunnels in our flower beds, their presence can…
Carla Louisse
Added 4 days agoNFI Group wins contract with NJ Transit for up to 1,300 transit buses
NFI Group Inc., a leading Canadian bus manufacturer, has won a significant contract with New Jersey Transit Corp. (NJ Transit) to supply up to 1,300 of its Xcelsior transit buses. The initial firm order includes 175 buses, with an option to purchase…
Carla Louisse
Added 4 days agoFire officials worry wind could push wildfire into B.C. town today
A raging wildfire, driven by strong winds, could strike Fort Nelson this morning, warns Ben Boghean, a fire behaviour specialist with the B.C. Wildfire Service. The Parker Lake wildfire, already 53 square kilometres in size, is just two kilometres no…
Carla Louisse
Added 4 days agoCanada's Trudeau backs away from tax threat on apartment owners
The government of Prime Minister Justin Trudeau has backed away from a proposed tax change targeting real estate investment trusts (REITs) in Canada. This decision came after significant opposition from the real estate industry, which argued that suc…
Carla Louisse
Added 4 days agoBank of Montreal cuts more U.S. investment bankers in drive for savings
The Bank of Montreal (BMO) is making further cuts to its U.S. investment banking unit, including the dismissal of at least two managing directors. This move is part of a broader effort to reduce costs, according to sources familiar with the matter.Th…