The owners of the West Edmonton Mall mortgaged that property along with a second megamall, in order to finance a third, the new American Dream outside of Manhattan. The timing couldn’t have been worse, with COVID arriving days before a planned grand opening. Now behind on mortgage payments, can the wealthy Edmonton family maintain control of their empire?
The Canada Mortgage and Housing Corp. will be getting a new name in the coming months, part of a larger rebranding by the federal housing agency to better reflect its changing mandate.
Canadian airlines are cancelling hundreds of flights as hopes for a spike in demand fall flat, snarling plans for the few passengers who remain.
Canadians spent more at stores in July than they did in June, the third straight months of gains after a precipitous plunge because of COVID-19 lockdowns in the three months before that.