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Qatar to Make Major Investments in Canada

  Carney says Qatar will make 'significant' investments in Canada's major projects. A New Wave of Global Capital Flows Into Canadian Projects Prime Minister Mark Carney announced that Qatar is preparing to make significant investments in several of Canada’s major national projects, marking a notable deepening of economic ties between the two countries. Speaking during his visit to Doha, Carney described the agreement as a strategic partnership that will help accelerate infrastructure development, support energy-sector growth, and create new employment opportunities across Canada. The investment is expected to target large-scale, long-term projects that align with Canada’s national priorities. Beyond financial commitments, both governments signaled their intention to strengthen cultural and economic cooperation. Plans to expand direct air travel between Canada and Qatar were highlighted as a key step toward boosting tourism, business travel, and broader people‑to‑peopl...
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Boxing Day Sales See Smaller Crowds Despite GST Break

 

Retailers across the country experienced smaller crowds and cautious spending on Boxing Day this year, despite the federal government's GST holiday. While the tax break, which makes a variety of items GST-free for two months, did attract some shoppers, many consumers remained hesitant due to ongoing cost of living concerns.

Shoppers at Fairview Mall in Toronto, like Nakul Singal, took advantage of the deals but expressed that the tax break alone wasn't enough to offset the high costs of living**. Singal mentioned, "It's good to shop around during this time, but we're still struggling with expenses, especially housing.

Retail Council of Canada's Matt Poirier noted that businesses faced challenges implementing the tax break on short notice, and some older payment systems struggled to adapt.  An RBC Economics report also indicated that retail spending slowed in November, with holiday spending slightly below 2023 levels over the Black Friday weekend.

Despite these challenges, some retailers, like GameStop in north Toronto, saw an influx of customers eager to benefit from the tax holiday. Assistant store manager Joey Comia-Orellano said, "We've been getting shoppers before Boxing Day, and we expect it to get busier as consumers look to save with Boxing Day deals combined with the tax break."

Overall, while the GST break provided some relief, it wasn't enough to fully counteract the economic pressures faced by many Canadians.




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