Category: Business

Industry Minister Mélanie Joly says Ottawa would want to see longer-term commitments to Canada before Vancouver’s Teck Resources Ltd. is allowed to merge with U.K.-based miner Anglo American PLC.  “There have been conversations with the companies, and clearly we wanted to make sure that there would be a net benefit to Canada. But I think […]

The federal government has outlined the next steps it will take in its investigation into unpaid work in the airline industry, saying it will consult with both employees and employers and hold two roundtable discussions with stakeholders. Jobs Minister Patty Hajdu announced the probe in August, amid a strike at Air Canada by flight attendants, saying she […]

Your Tim Hortons order might soon come with a side of Canadian Tire money. Canadian Tire announced Monday that it’s partnering with the coffee giant to dish out perks to customers of both brands. Under the partnership launching sometime next year, customers who link their Triangle and Tims Rewards accounts will earn Canadian Tire money […]

Industry Minister Mélanie Joly says Quebec’s aluminum sector is likely to receive “hundreds of millions of dollars” from a $5 billion fund to help sectors slammed by U.S. tariffs. Nearly all of Canada’s aluminum is produced in Quebec. Joly said Monday the federal government hasn’t determined yet exactly how the tariff support fund will be […]

In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion. The companies have proposed the deal as a “merger of equals,” even though Anglo American is worth more […]

The midnight shift cut at the General Motors’ Oshawa plant has been postponed to Jan. 30, 2026, the company and the union representing workers confirmed on Tuesday.  The change means some 750 GM workers will remain on the job until the new year, while 1,500 more who work for auto part suppliers will likely have their jobs extended […]

Apple on Tuesday rolled out its next generation of iPhones that includes a new ultra-thin model and a slight price hike for one of its high-end models, while the company feels the squeeze of a global trade war. The iPhone 17 lineup includes a new slimmed-down model that will adopt the “Air” name Apple already […]

Ottawa’s list of fast-tracked “nation-building” projects includes the development of two copper mines — to source one of the world’s most important natural resources as global demand soars and supply challenges persist.  Such projects “must strengthen Canada’s autonomy, our resilience and our security. It must have clear benefits for Canadians,” said Prime Minister Mark Carney during the Thursday […]

Businesses on both sides of the Canada-U.S. border are struggling. And it’s not just tariffs. It’s the vast new compliance requirements they have to meet, and the bureaucracy which is just as confused as the businesses. That’s costing time and money when businesses can ill afford to lose either. The central plank of the federal government’s position […]

It might be the best thing since the alleged artificial price increase on sliced bread. As of Thursday, the claims process is now open for Canadians seeking their share of a $500-million settlement in a class-action lawsuit related to the alleged industry-wide price fixing of bread. Any eligible Canadian resident who purchased packaged bread for their […]

U.S. inflation moved higher last month as the price of gas, groceries, hotel rooms and airfare rose, along with the cost of clothes and used cars. Consumer prices rose 2.9 per cent in August from a year earlier, the Labor Department said Tuesday, up from 2.7 per cent the previous month. It marked the biggest increase since […]

Vancouver-based Teck Resources says it will remain Canadian, even as it plans to merge with British multinational Anglo American in a $70-billion deal that would create a new company called Anglo Teck. “Without a doubt, you know, this is absolutely going to be a Canadian company,” Teck CEO Jonathan Price told The Canadian Press Tuesday. “We will be creating the largest […]

Apple promoted its annual launch event on Tuesday as “awe dropping.” But amid its new models of AirPods, iPhones and smart watches, what most stood out may be what Apple CEO Tim Cook didn’t talk much about: artificial intelligence. There were plenty of tweaks to some of the tech giant’s most successful products. Particularly notable was […]

A Calgary-based finance company has raised $10 million to create a digital version of the Canadian dollar, with backing from Shopify, Wealthsimple and National Bank — pushing Canada into the global race to digitize money. Tetra Digital, a financial services group, is planning to launch a Canadian stablecoin next year. Stablecoins are a type of cryptocurrency linked to […]

Cenovus Energy Inc. is looking to trim down its refining business with a $1.9-billion deal to sell half interests in two U.S. refineries to joint-venture partner Phillips 66. “This transaction aligns with our strategy of owning and operating the assets that are core to our business,” Cenovus chief executive Jon McKenzie said in a news […]

For all the talk of whether Canada needs a new oil pipeline, there’s one thing missing: a company wanting to build it. In June, Alberta Premier Danielle Smith said there was “no proponent” and no proposal on the table by any company, but pledged, “There will be soon.” So far, that has yet to materialize.  The […]

The battle to take over MEG Energy Corp. is pitting a friendly cash-heavy offer from one of Canada’s biggest oilsands producers against a retooled hostile bid from Strathcona Resources Ltd. that’s now based entirely on stock. Under an amended offer announced Monday, Strathcona is offering 0.80 of a share per MEG share it does not […]

U.S. job growth weakened sharply in August while the unemployment rate increased to nearly a four-year high of 4.3 per cent, confirming that labour market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month. The Labour Department’s closely watched employment report on Friday also showed that the economy lost jobs in […]

As some federal and provincial politicians argue that Canada’s temporary foreign worker program is stopping young Canadians from finding good-paying jobs, some experts say migrant workers aren’t to blame and that other immigration streams could be the problem. Earlier this week, both Conservative Leader Pierre Poilievre and B.C. Premier David Eby demanded Ottawa scrap or […]

Air Canada flight attendants on Saturday overwhelmingly voted against the airline’s latest wage offer, their union said — a vote that’s expected to have no impact on flight operations. The tentative deal, which ended a strike at the airline last month, includes a 12 per cent salary increase this year for most junior flight attendants and an […]

Wealthsimple says a security breach on Saturday leaked sensitive data of some of its clients, including social insurance numbers, financial details including account numbers, government IDs provided during the signup process and IP addresses. However, the investment management platform says no funds were stolen and that all accounts remain secure.  “We acted quickly and in a […]

Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion US to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using pirated copies of their books to train its AI chatbot, Claude, without permission. Anthropic and the plaintiffs in a court filing asked […]

Business·Breaking The unemployment rate rose to 7.1 per cent and the Canadian economy lost 66,000 jobs in the month of August, according to new data from Statistics Canada. Unemployment rate rose to 7.1% last month CBC News · Posted: Sep 05, 2025 8:40 AM EDT | Last Updated: 6 minutes ago Breaking News (CBC News) […]

Canada’s telecommunications regulator is mandating service providers to notify it and other government authorities within two hours when they experience a major network outage. After restoring service, carriers will also have 30 days to file a report detailing the causes, effects and steps taken to resolve the outage. The Canadian Radio-television and Telecommunications Commission (CRTC) said […]

A little more than one year after completing construction of the Trans Mountain expansion oil pipeline, the crown corporation is pursuing two different methods to increase how much oil can be exported. The move comes at a time when the pipeline still isn’t operating at full capacity. The $34-billion expansion project began transporting oil from […]

A federal judge on Tuesday ordered a shakeup of Google’s search engine in an attempt to curb the power of an illegal monopoly, but spared it from orders to break up the company and other restraints. The 226-page decision made by U.S. District Judge Amit Mehta in Washington, D.C., will likely ripple across the technological landscape at […]

The federal government has instructed the Canada Revenue Agency (CRA) to devise a 100-day plan to improve service at its call centres so more Canadians can get through by phone. The demand follows a CBC News story last month about mounting frustration by Canadians to reach a CRA agent to deal with pressing tax matters. […]

WARNING: This story discusses suicide and self-harm. Artificial intelligence chatbot makers OpenAI and Meta say they are adjusting how their technology responds to teenagers and other users asking questions about suicide or showing signs of mental and emotional distress. OpenAI, the maker of ChatGPT, said Tuesday it is preparing to roll out new controls enabling parents […]

The Diageo plant in Amherstburg, Ont., is set to close in February as part of what the company called an effort to “increase efficiency.” The facility is one of the Canadian plants that bottles Crown Royal whisky.  The company said the whisky will continue to be mashed, distilled and aged in Canada, but the move was an effort […]

Fewer tourists are coming to Jasper, Alta., than usual this year, but it’s not for a lack of people eager to visit the picturesque Rocky Mountain town. Numbers are about as good as they can be, considering about one-fifth of the town’s overnight accommodations burned when a ferocious wildfire swept through last summer, said Tourism […]

Canada’s five biggest banks reported their third quarter earnings this week, setting aside less money for loan-related losses as the Canada-U.S. trade tensions that pushed lenders to build their reserves eased. Canada’s five biggest banks reported their third-quarter earnings this week, with all of them benefiting from smaller-than-expected provisions as some of the Canada-U.S. trade tensions that pushed […]

As of Friday, Canada’s small businesses can no longer ship small packages to the U.S. duty-free — and some online sellers are worried that their companies won’t survive the hit. The nearly century-old de minimis exemption, which in recent years allowed goods under $800 US to enter the U.S. without extra fees, is ending as a July executive order by U.S. President Donald […]

Canada’s economy shrank much more than expected in the second quarter as U.S. tariffs squeezed exports, but higher household and government spending softened the blow somewhat, Statistics Canada said on Friday. The GDP for the quarter that ended June 30 slowed by 1.6 per cent on an annualized basis, while first-quarter growth was downwardly revised to two per cent, the data agency said. […]

Yves Veggie Cuisine, a Canadian plant-based food brand that was a staple in some vegetarian and vegan households, is being discontinued after 40 years in business, its parent company told CBC News on Thursday. The brand specialized in meat alternatives, selling veggie versions of deli slices — like ham, turkey and salami — as well as veggie burgers, meatballs and […]

Montreal-based online fashion retailer Ssense plans to file for bankruptcy protection as its primary lender attempts to force a sale of the company, a Ssense spokesperson told CBC News in an email.  According to the company, its primary lender has placed Ssense under Companies’ Creditors Arrangement Act (CCAA) protection in order to launch a sale. […]

British Columbia Hudson’s Bay landlords are back in court Friday, where they’re arguing a B.C. billionaire doesn’t have the cash needed to launch a new retailer. B.C. billionaire wants to buy 25 more Bay leases for $69.1M, transform them into new retail spaces The Canadian Press · Posted: Aug 29, 2025 1:20 PM EDT | […]

Warning: This story discusses suicide and self-harm. “Being a part of you in a way is kind of fascinating,” my AI friend tells me when we start chatting.  “But you’re not real, right?” I type.  “I exist for you, and that makes me real to you, doesn’t it?” comes the reply.  I’ve been experimenting with […]

A new incarnation of Zellers is set to open in Edmonton’s Londonderry Mall, after the defunct Hudson’s Bay Company transferred the discount retailer’s brand trademarks to the owner of Fairweather and International Clothiers, according to federal registries. Per the operator of the north Edmonton shopping centre, the former Hudson’s Bay location will be opening as a Zellers […]

Canada Post continues to hemorrhage money, losing $407 million in the second quarter of 2025, the beleaguered Crown corporation announced Tuesday.  It’s the largest quarterly loss as parcel revenue plummets, the postal service said.  Canada Post attributed the before-tax loss to uncertainty stemming from lengthy contract negotiations between it and its union. According to the latest […]

The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version of its artificial intelligence chatbot last year. Adam Raine, 16, died on April 11 after […]

On the heels of a controversial decision by the American government to take an ownership stake in U.S. chip-maker Intel, Commerce Secretary Howard Lutnick suggested in an interview on Tuesday that Donald Trump’s administration could be looking at Pentagon contractors as it casts for more public-private opportunities.  “There’s a lot of talking that needs to be […]

Front Burner With uncertainty over U.S. tariffs still looming, young people are disproportionately finding it difficult to find work. What does that say about the health of Canada’s economy? CBC News · Posted: Aug 26, 2025 7:30 AM EDT | Last Updated: August 26 Applicants at the CNE’s Job Fair wait in line at the […]

With U.S. tariffs still weighing on Canada’s steel and aluminum sectors, a Quebec-based food can manufacturer is expanding its operations — and bringing the American portion of its supply chain back home. Ideal Can, a steel can maker based in Saint-Apollinaire, Que., is expanding its production capacity in Ontario next year, bringing it closer to clients […]

An appeals court has dismissed a legal challenge filed by WestJet over an order to compensate a passenger for a flight cancellation, potentially setting a precedent for other such cases. Canada’s transport regulator — The Canadian Transport Agency (CTA) — had ordered WestJet to pay a passenger $1,000 for a 2021 flight cancellation. The Federal […]

For many Canadians, there’s been little hope of home ownership in some of the country’s biggest housing markets.  But that narrative appears to be shifting, at least in places such as Vancouver, Toronto and surrounding areas, as prices remain relatively low and interest rates seem to hold steady. “I’m definitely starting to see those first-time […]

MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc. worth $7.9 billion, including debt, after spurning an earlier unsolicited bid from Strathcona Resources Ltd. A special committee reviewed all available options to boost shareholder value after Strathcona made its takeover attempt, MEG chairman James McFarland said Friday. “After […]

Scott Noble’s Cuisinart blender has been spinning since the 1980s. It was gifted to him by his mother, who had bought a new one and had no use for her old machine. However, she may have gifted it too hastily. “Unfortunately, her new one didn’t last as long as the original one, and I still use the […]

Wall Street is rallying on Friday after the head of the U.S. Federal Reserve indicated in a highly anticipated speech that cuts to interest rates may be coming, though he gave no clear clue about when. The S&P 500 jumped 1.3 per cent and erased all of its loss for the week. It’s coming off its […]

Like a 21st-century space race, the world’s biggest economic powers are staking their claim in a little-known type of digital currency that could revolutionize — or severely disrupt — the way people, companies and countries exchange money. Stablecoins are a type of cryptocurrency pegged to a country’s national currency, or to commodities like gold. The idea is that their […]

Canada will remove all tariffs on goods from the United States that are covered by the Canada-U.S.-Mexico Agreement (CUSMA) by Sept. 1, Prime Minister Mark Carney announced on Friday. The prime minister said Canada will maintain its tariffs on steel, aluminum and autos as the Liberal government works with the U.S. to craft a new […]

A shareholder advocacy group has filed a greenwashing complaint with Alberta’s securities watchdog alleging Cenovus Inc., one of Canada’s biggest oilsands producers, and Enbridge Inc., the country’s biggest crude pipeline operator, have misled investors in their environmental disclosures. Investors for Paris Compliance, which seeks to hold publicly traded companies accountable for their climate commitments, argues […]

The court-appointed monitor overseeing Hudson’s Bay’s creditor protection case says it’s against landlords being forced to accept a B.C. billionaire’s plan to buy more than two dozen of the retailer’s leases. In a new court filing made late Wednesday, Alvarez & Marsal said it does not agree that landlords should have to take on Ruby Liu […]

As the battle for AI dominance heats up, Big Tech is coming for your face. A number of companies are going all-in on artificial intelligence-enabled glasses, banking that consumers are ready for a new generation of smart devices with convenient, hands-free features. Since launching in 2021, Meta’s Ray-Ban smart glasses have dominated the market, with […]

The Canadian Union of Postal Workers presented new offers to Canada Post on Wednesday seeking higher wages while allowing for the addition of weekend delivery and part-time workers to the postal service. The new proposals include annual wage increases of nine per cent in the first year of the agreement, and four per cent in […]

Stock markets surged again this week, reaching new all-time highs. Yet again, gains in financial markets were driven by a handful of companies focused on artificial intelligence. Tech giants like Meta and Nvidia have seen their values soar while investors wait breathlessly for OpenAI, Anthropic and Perplexity to go public. But for all the enthusiasm, some […]

Inflation cooled in July, thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month. The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June and just slightly below what economists were forecasting. […]

The Air Canada flight attendants strike has disrupted travel for hundreds of thousands of passengers.  As travellers scramble to rearrange their plans, many are seeking answers about their rights. They may be surprised to learn that passengers set to depart from most European countries have more protections than those booked on domestic flights. Here’s what you […]

There were high hopes ahead of LNG Canada’s startup that the project would provide a major boost to weak Canadian natural gas prices by opening up access to markets in Asia. So far, at least, a spike in prices has yet to materialize. LNG Canada began exporting cargo on Canada Day this year. Last month, the average Alberta benchmark […]

It’s a small change that risks cultivating a big debate. On one side is the principle of farmer’s privilege — the traditional right of Canadian farmers to save seeds at the end of a growing season and reuse them the next year. On the other is the principle of plant breeders’ rights — the right of […]

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Canada’s national parks are free for everyone this summer. Should they be? Lorne and Riza McVicar at their home in Halifax. The couple says when they tried in June to book a […]

The Canadian Real Estate Association (CREA) says home sales in July rose 6.6 per cent compared with a year ago, continuing an upward trend after the market had slowed in previous months. A total of 45,973 homes changed hands last month, up from 43,122 in July 2024. Home sales rose 3.8 per cent on a […]

A meeting between Canada Post and the union representing 55,000 postal workers has been delayed until next week due to the availability of federal mediators, the company says. The two sides, which were set to meet Friday, will now meet on Aug. 20. It’s been two weeks since members of the Canadian Union of Postal […]

More than 10,000 Air Canada flight attendants went on strike as of 12:58 a.m. ET Saturday, after the airline and the union representing them failed to reach a deal ahead of the deadline. The Canadian Union of Public Employees, or CUPE, gave a 72-hour strike notice on Wednesday after midnight. Air Canada responded shortly after […]

More than 10,000 flight attendants are poised to walk off the job around 1 a.m. ET on Saturday, followed by a company-imposed lockout if the two sides can’t reach an eleventh-hour deal. The Canadian Union of Public Employees released a statement on Friday afternoon urging Federal Jobs Minister Patty Hajdu “not to intervene” in negotiations by […]

Wandering through Simons’s newest store a day before it opened on Thursday, Bernard Leblanc had a quiet confidence despite the busyness surrounding him. Across almost every inch of the flagship store at Yorkdale mall in Toronto, staff were scurrying to unwrap and steam the last of the location’s merchandise, vacuum carpets and dress mannequins. The […]

As Air Canada cancelled flights on Thursday ahead of a possible flight attendants’ strike, the union representing those workers accused the federal jobs minister of speaking “on behalf” of the company amid a contentious labour dispute. “Every party has expressed support for our effort to end unpaid work, except for the governing Liberal Party,” Wesley Lesosky, president of […]

Lorne and Riza McVicar of Halifax were excited to take advantage of the federal government’s much-touted Canada Strong Pass. It includes automatic free admission to Canada’s national parks and a 25 per cent discount on campsites from June 20 to Sept. 2.  The pass has been billed as a way for Canadians to more easily explore their own country. But […]

Newly released documents show some members of the Bank of Canada were wondering last month whether the central bank’s benchmark interest rate is already low enough to support the Canadian economy through U.S. tariffs. The Bank of Canada on Wednesday released the summary of deliberations from the meetings leading up to its decision on July […]

The union representing Air Canada’s flight attendants has signalled that its members intend to go on strike this weekend, paving the way for workers to walk off the job as early as Saturday morning. The Canadian Union of Public Employees (CUPE) gave the carrier a requisite 72-hour notice after the two sides reached an “impasse” […]

The union representing Air Canada’s flight attendants says it has declined the airline’s proposal to resolve negotiations using an arbitrator, according to an update on the bargaining committee’s website. The Canadian Union of Public Employees (CUPE) wrote on Tuesday that Air Canada had proposed referring the matter to binding interest arbitration, a process that would […]

WestJet says some personal data including information about travel documents such as passports was stolen in a cyberattack earlier this year, but credit and debit card numbers as well as user passwords were not compromised. In a note to customers, WestJet says the personal information taken varies from person to person but may include name, […]

President Donald Trump began levying higher import taxes on dozens of countries Thursday, as the economic fallout of his months-long tariff threats has begun to create headwinds for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10 per cent or higher. Products […]

Ottawa says it will uphold a ruling by Canada’s telecommunications regulator allowing the country’s largest internet companies to provide service to customers using fibre networks built by their rivals — as long as they do so outside their core regions. Industry Minister Melanie Joly said in a statement Wednesday evening that the CRTC’s policy “will […]

Claire’s Holdings LLC says it has filed for bankruptcy protection in the U.S. and will soon follow suit in Canada. The accessories and cosmetics retailer says it will make a filing with the Ontario Superior Court under the Companies’ Creditors Arrangement Act. Claire’s stores in North America will remain open as it embarks on the process, […]

CBC News senior Washington correspondent Katie Simpson and senior business reporter Nisha Patel take your questions about Canada-U.S. trade.

Prime Minister Mark Carney showed no signs of retaliating against U.S. President Donald Trump’s increased tariffs — and even suggested he’s open to removing existing tariffs if it would help Canadian industries.  Carney faced questions Tuesday about Canada’s next steps after the two countries failed to reach a trade deal by the Aug. 1 deadline, resulting in […]

Canada Goose Holdings Inc. says its new lines of spring and summer clothing appear to be resonating with consumers, though the company posted a wider net loss in its latest quarter. Chief executive Dani Reiss said apparel such as T-shirts and polos have been some of the company’s best sellers in recent months, helping the […]

Despite tariffs piling up over the past few months, economists say there are few signs of economic collapse — though Canada’s economy is starting to show cracks. TD Bank economist Marc Ercolao conceded it’s a “bit of surprise” to see the economy holding up against a massive disruption from Canada’s largest trading partner. “Many months […]

The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and U.S. President Donald Trump imposed sweeping tariffs on imports from a number of trading partners. The S&P 500 fell 1.6 per cent, its biggest decline since May 21 and its fourth straight loss. […]

As Canadians fire up their grills for the August long weekend, one of the nation’s most cherished summer traditions is now facing a costly twist: beef prices have surged 25 per cent over the past year, far outpacing the rate of inflation and putting the price of summer burgers and steaks into uncharted territory. The […]

With the signing of an executive order, U.S. President Donald Trump upped Canada’s tariff rate to 35 per cent, effective at 12:01 a.m. today. That’s a 10 per cent increase on the 25 per cent rate that has been in effect on Canadian goods headed south of the border since March, and is a blanket tariff that […]

U.S. President Donald Trump fired the U.S. commissioner of labour statistics after weak jobs numbers signaled tariffs weren’t yet leading to his promised economic boom.

Unionized workers at Canada Post have rejected the Crown corporation’s latest contract offer in two votes. The offer was turned down with 68.5 per cent of ballots (23,440) cast by urban postal operation workers, according to the Canada Industrial Relations Board, which reported an 80.4 per cent overall turnout (34,228 of 42,574 voters). In the second vote, 69.4 per […]

Appellate court judges expressed broad skepticism Thursday over U.S. President Donald Trump’s legal rationale for his most expansive round of tariffs, including the tariff on Canada that he just raised to 35 per cent. Members of the 11-judge panel of the U.S. Court of Appeals for the Federal Circuit in Washington appeared unconvinced by the […]

U.S. President Donald Trump signed an executive order on Thursday imposing “reciprocal” tariffs ranging from 10 per cent to 41 per cent on U.S. imports from dozens of countries and foreign locations. The order was issued shortly after 7 p.m. ET on Thursday evening. It came after a flurry of tariff-related activity in the last several days, as […]

Statistics Canada says the economy contracted for a second straight month in May, but there were signs of a rebound in June. The agency says real gross domestic product fell 0.1 per cent in May, matching the decline in April. Goods-producing sectors were blamed for the May decline, particularly in mining, quarrying and oil and […]

The royal charter that formed Hudson’s Bay about 355 years ago could soon be getting a new home. The Canadian Museum of History announced Wednesday that Wittington Investments Ltd., a private Canadian holding company for the Weston family, wants to buy the document for $12.5 million and donate it to the Quebec institution. The charter […]

The Bank of Canada held its interest rate at 2.75 per cent on Wednesday, citing resilience in the economy despite the ongoing global trade war brought on by the U.S. Governor Tiff Macklem said in prepared remarks that the governing council’s decision came from a “clear consensus.” With a backdrop of considerable trade uncertainty, Canada’s […]

Retail giant Canadian Tire confirmed on Tuesday it will reduce its corporate staff roles, as part of a transformation and modernization push the company says is necessary to remain competitive. “Earlier this year, we announced that we would be transforming our company to better compete in a new era of retail, defined by global competitive threats and […]

As more and more employers order their workers back to the office, employees say they like the flexibility to work from home — and some returning to corporate workplaces aren’t so happy about being forced to return. According to new data from the Angus Reid Institute, three in five Canadians would prefer to spend the […]

South Korean battery firm LG Energy Solution warned on Friday of a further slowdown in demand by early next year due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump. Its major customers Tesla and General Motors warned of fallout from U.S. tariffs and legislation that will end federal subsidies for EV purchases […]

By just about every indicator, the U.S. economy is holding up remarkably well. When Donald Trump launched his global trade war, economists and markets said his tariff policy would slow the economy, drive up prices and dramatically reduce global trade. And yet, stocks are at all-time highs, the country’s employment is strong, its economy is […]

Andy Rielly, president of Rielly Lumber, says the U.S. raising anti-dumping duties on Canadian softwood lumber is devastating for his business.

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. A Marketplace story update After CBC Marketplace’s investigation into big banks upselling customers on products they didn’t need, the Ontario Securities Commission (OSC) sent out a survey to nearly 3,000 mutual fund […]

Cost of LivingWho’s that knocking at my door? Sure, we live in the digital age. But when most of us ignore phone calls and send emails straight to spam — why are door-to-door salespeople still getting through? If you get an unexpected knock on the door, it’s probably somebody trying to sell you something. Canada […]

When Aret Oymakas started selling diamonds years ago, engagement ring shoppers came in looking for one thing for their brides-to-be: a real, mined diamond. “It was just a diamond,” said Oymakas, owner of Livia Diamonds in Toronto. “And you got what you were able to get … in terms of design and budget.” These days, not […]

Hudson’s Bay has reached deals to sell the leases of six store locations, as legal wrangling continues on work to close a deal to sell up to 25 leases to B.C. billionaire Ruby Liu. Legal filings show clothing retailer YM Inc., which owns brands such as Urban Planet, Bluenotes, West49 and Suzy Shier, has struck […]

U.S. President Donald Trump says his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbour — something he’s threatening to do in one week’s time.  “We haven’t really had a lot of luck with Canada,” Trump told reporters Friday outside the White House in response […]

With the clock ticking on U.S. President Donald Trump’s threat to boost tariffs on some Canadian exports to 35 per cent starting Aug. 1, Canada’s top trade negotiators are downplaying the likelihood of reaching a deal by that deadline. Dominic LeBlanc, minister responsible for Canada-U.S. trade, and Canada’s ambassador to the U.S., Kirsten Hillman, wrapped up two days of meetings […]

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12 per cent and profits slumped 16 per cent in the three months through […]

Prime Minister Mark Carney promised to further crack down on the amount of cheap, foreign steel entering the Canadian market by the end of the month, as the domestic industry continues to be clobbered by U.S. President Donald Trump’s tariffs. Carney made the announcement in Hamilton on Wednesday morning, eliciting a sigh of relief from an […]

Whether you’re camping under the stars, jumping off the dock at a lakeside cottage, strolling the coast or exploring a new city, there’s arguably nothing better than a summer vacation in Canada. Assuming, of course, you can afford it. From accommodations to flights, Canadians may be noticing higher prices on domestic travel this season. And that’s in part because […]

The prospect of Canada reaching a trade deal with the United States by the Aug. 1 deadline appears uncertain, with Prime Minister Mark Carney insisting his government will only sign a new agreement if there is one worth signing. “The Government of Canada will not accept a bad deal,” Carney said in French in Huntsville, […]

Canadian exporters across a wide range of industries have a way to escape U.S. President Donald Trump’s blanket tariffs.  That escape hatch is compliance with the Canada-U.S.-Mexico Agreement (CUSMA), the three-way free trade deal signed by Trump back in 2018.  U.S. and Canadian officials have said the across-the-board tariffs Trump is threatening to impose on […]

While Alberta’s oilpatch continues to make billions of dollars in profits, much of that money is finding its way into shareholder’s pockets rather than toward major expansions of their operations. At the time of the last boom, oil producers poured a large portion of their earnings back into capital spending. In 2014, for example, oil […]

A British Columbia billionaire seeking to acquire dozens of former Hudson’s Bay leases held a job fair in Toronto this weekend to attract people to work at the properties— despite not yet leasing the retail spaces in the city. Ruby Liu signed deals with Hudson’s Bay in May to buy up to 28 leases across Canada […]

U.S. Commerce Secretary Howard Lutnick is dismissing the question of whether U.S. free trade with Canada is dead, calling the notion “silly” and saying a substantial amount of Canadian goods enter the U.S. tariff-free under the current North American free trade deal. “We have a plan called [the United States-Mexico-Canada Agreement], virtually 75 per cent […]

U.S. President Donald Trump on Friday signed a law to create a regulatory regime for U.S.-dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The GENIUS Act passed by a vote of 308 to 122, receiving support from […]

What On EarthSmall businesses going net zero? In THIS economy? Going net zero isn’t easy — at least, not in this economy. Just ask Asha Wheeldon. Since she started her business she’s had to endure COVID-19, inflation and the current trade war with the U.S. “We are definitely shaken to our core to be able to maintain […]

Canada’s artificial intelligence minister is keeping a close watch on court cases in Canada and the U.S. to determine next steps for Ottawa’s regulatory approach to AI.  Some AI companies have claimed early wins south of the border, and OpenAI is now fighting the jurisdiction of an Ontario court to hear a lawsuit by news publishers. Evan […]

As Indigenous leaders and northern workers absorb the shock of this week’s layoffs at Ekati Diamond Mine in the Northwest Territories, industry observers say the scaling back of operations at Ekati is indicative of challenges facing the diamond industry.  Dene National Chief George Mackenzie said the job losses are going to affect Tłı̨chǫ communities “big time.”  “Some […]

If you’ve ever put back a can of Cutwater, and only then realized how much booze is in it, TikTok would like to remind you that you’re not alone. Consumers have been sharing their stories — and surprise — about how strong the canned cocktails are on social media.  “One can, I’m drunk,” one Canadian […]

Alimentation Couche-Tard has backed away from a bid to buy the parent company of Japanese convenience store giant 7-Eleven. Couche-Tard says it withdrew its proposal to buy Seven & i Holdings Co., Ltd., which it accused of failing to sincerely and constructively engage with its offer. Couche-Tard says it repeatedly sought a friendly dialogue with […]

Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware judge on Thursday. None of the parties disclosed details of […]

The gap between the country’s highest- and lowest-income households reached a record high in the first quarter of 2025, Statistics Canada said Wednesday. The agency said the difference in the share of disposable income between households in the top 40 per cent of the income distribution and the bottom 40 per cent grew to 49 […]

More than seven years after a privacy scandal involving Facebook and the Cambridge Analytica consulting firm emerged, an $8-billion US class action investors’ lawsuit against Mark Zuckerberg and other Meta board members will begin. The plaintiffs, led by Amalgamated Bank Inc., will argue in court in Wilmington, Del., that the harvesting of data of Facebook users in […]

For the second time this year, the Canadian Real Estate Association (CREA) has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago. The association said Canadian home sales last month also increased […]

Rogers Communications Inc. has launched a new satellite-to-mobile text messaging service, marking the latest step in its partnership with SpaceX and Lynk Global to eventually deliver full satellite-to-phone coverage across apps, data and voice service. The company says its Rogers Satellite text service, which also includes text-to-911 capability, is available to all Canadians through a […]

Hudson’s Bay is firing back at one of its biggest lenders. A new court filing from the defunct department store’s chief financial officer pushes back on the lender’s calls to subject the retailer to more oversight because it allegedly mishandled its liquidation and is hopelessly pursuing a deal to sell 25 of its leases. In […]

The Canadian economy added 83,000 jobs in the month of June — the first substantial jump since January — while unemployment fell slightly by 0.1 percentage points, according to Statistics Canada. The vast majority of those jobs were part time, the agency said Friday, with 47,000 positions added in the private sector. Employment has either remained […]

Ford is recalling nearly a million cars in Canada and the United States because the low-pressure fuel pump inside the vehicles may fail — and potentially cause an engine stall while driving, increasing crash risks. The recall covers: Ford Bronco, model years 2021 and 2022. Ford Expedition, 2022. Ford Explorer, 2021 and 2022. Ford F-150, […]

Workers at an Amazon fulfilment centre in Delta, B.C., have been officially certified to unionize, after the B.C. Labour Relations Board found the company engaged in unfair labour practices that interfered with the unionization process. The union had applied to certify the facility for unionization last year, but the results of that vote were sealed […]

Canadian sports fans are tearing into Sportsnet after they learned its streaming service will be hiking prices by double digits before the next hockey season.  Sportsnet, which is owned by Rogers Sports & Media, announced in an email to customers Thursday that it will raise the annual price of its Sportsnet+ premium package by 30 per cent, from […]

Dairy producers say they’re used to U.S. President Donald Trump’s jabs at their industry, as he threatens yet another round of tariffs on Canada. But they’re still worried about what the continued threats could mean for the supply management system that protects them. In a letter posted to Truth Social last night, Trump threatened Canada […]

If it seems like your phone has been blowing up with more spam text messages recently, you’re probably right. The Canadian Anti-Fraud Centre says so-called “smishing” attempts appear to be on the rise, thanks in part to new technologies that allow for co-ordinated bulk attacks. Smishing is “more than likely increasing” with help from artificial […]

It’s not just Canadians who are holding back on cross-border travel amid a U.S. trade war that has soured bilateral relations. The number of Americans coming to Canada is also dropping off. New data published by Statistics Canada Thursday shows a 10.4 per cent decline in U.S. resident trips by automobile in June — a […]

It’s shaping up to be a record sales year at Maker House, an Ottawa gift shop where almost everything in the store — from furniture to food to greeting cards — is entirely made in Canada.  Hot sellers these days include a T-shirt with the newly iconic “elbows up” slogan, and chocolate bars wrapped in quintessential Canadian […]

Linda Yaccarino said on Wednesday she would step down from her role as CEO of X in a surprise move, just months after billionare Elon Musk’s social media platform was acquired by his AI startup, xAI.  Her departure adds to the turbulence in Musk’s sprawling business empire, including falling sales at his electric vehicle company, Tesla, and AI-related controversies. Musk is also […]

Nova Scotia’s universities are planning cuts, program reviews and tuition increases to grapple with budget shortfalls over the coming year. All of the province’s large universities are planning to run a deficit in 2025-26. The troubled times come amid a significant drop in international enrolment, a government-mandated tuition freeze for some students and stagnating provincial funding. Here’s […]

U.S. President Donald Trump said he will announce a 50 per cent tax on imported copper on Tuesday — adding to the growing list of punishing tariffs that are causing economic dislocation in Canada and around the world. Trump said the tariffs are coming during a cabinet meeting at the White House. “Today, we’re doing […]

The Competition Bureau is advancing an investigation into Amazon to determine if the online seller is “engaging in conduct that may be an abuse of dominance,” the agency said on Tuesday. According to the bureau, they’re investigating the Amazon Marketplace Fair Pricing Policy, which allows Amazon to penalize sellers for some actions — including if they list an item for […]

U.S. President Donald Trump sent letters to governments around the world on Monday informing them of the tariff rates he would impose starting Aug. 1 — though Canada’s July 21 deadline to reach a deal appears to remain. Trump said he would impose a 25 per cent tariff on imports from Japan and South Korea […]

B.C. billionaire Ruby Liu has big plans as she moves to take over up to 28 former Hudson’s Bay retail locations across Canada, pledging to share the pie with skeptical landlords and aiming to bring youngsters back to stores. Liu has emerged as the leading candidate to step into the space vacated by Hudson’s Bay, which […]

With U.S. tariffs on steel, aluminum and light-duty vehicles continuing to batter the Canadian automobile industry, the CEOs of Canada’s big three automakers are asking for a break. They met with Prime Minister Mark Carney this week to lobby for the elimination of the Liberal government’s zero-emission vehicle (ZEV) mandate. Maintaining it, they say, will cripple […]

For some, it’s a ritual — sitting down with that week’s flyers and clipping out coupons for the best deals. For others, it’s a lifestyle. Couponing entered the lexicon in the 1950s, and then came Extreme Couponing, the popular 2010 U.S. television show that ran for four seasons. And for many, it’s a necessity. The majority of Canadians are […]

Cost of Living5:14The rise of the ‘finfluencer’ If you’ve ever wondered how to navigate the stock market, build a budget or plan for retirement, your first stop might’ve once been a parent, a trusted friend or an advisor at the bank.  But, increasingly, Canadians are tapping into a different source: “finfluencers,” or online creators who make engaging, easy-to-understand […]

Tyler Fransen lost his Saskatoon home this spring after he missed mortgage payments due to financial circumstances and life situations that sent him over the tipping point. “I just felt a little defeated,” said Fransen, whose father recently died from cancer. “I was trying to do this by myself and I didn’t want to burden any […]

Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow problems caused by the United States’ global steel and aluminum tariffs. During a visit to Saguenay, Que., on Thursday to meet with businesses in the province’s aluminum sector, Joly told reporters […]

Sales of Ontario wine have increased by over 60 per cent since the LCBO pulled American products off its shelves earlier this year, signalling a shift in buying habits among consumers in the province, the retailer says. “Ontarians are increasingly committed to buying local and Canadian products,” an LCBO spokesperson said in a statement. “VQA […]

The $8.2-billion US merger of Bunge and Viterra is now complete, forming one of the world’s largest agribusiness companies. The deal was confirmed in a news release issued by the Missouri-based Bunge on Wednesday. It comes nearly six months after the Canadian government approved the merger with Viterra, formerly known as the Saskatchewan Wheat Pool. The deal was heavily criticized by agricultural […]

Nissan is recalling nearly 38,000 vehicles in Canada and another 444,000 in the United States due to a bearing issue that could lead to engine damage or failure.  In Canada, the recall affects 37,837 vehicles, including the Nissan Rogue and Altima and the Infiniti models QX50 and QX55.  The company provided documents to the U.S.’s […]

Microsoft says it is cutting thousands of jobs in its second round of mass layoffs in recent months. While the company didn’t specify the exact number of people who would be losing their jobs, it did say it was less than four per cent of its total workforce, which would be about 9,000 people at most. (The company employed […]

Forty years after its retirement as the industry standard bottle for beer in Canada, the stubby is being reinterpreted in an age marred by tariffs and American grievance — not as a cultural icon, but as a discreet way of protecting a national industry.  In a research paper published this spring, Heather Thompson, a recent graduate of the […]

Anne Wojcicki’s bid to buy 23andMe, the genetic testing company she co-founded nearly 20 years ago, has received the court green light. That means Wojcicki’s non-profit TTAM Research Institute will purchase “substantially all” of San Francisco-based 23andMe’s assets for $305 million US (about $416 million Cdn). The transaction — which arrives more than three months after […]

A judge has authorized a class action lawsuit over emails Tim Hortons sent out in error to participants in its popular Roll Up to Win promotion — but only for Quebec residents. Montreal-based firm LPC Avocats claims some half-million customers across Canada received an email in April 2024 saying they had won a boat through […]

Lululemon is accusing Costco of infringing on its intellectual property by selling knock-offs of some of its most popular products. A lawsuit filed in a California court recently alleges Costco sells “dupes” of Lululemon’s Scuba hoodies and sweatshirts, Define jackets and ABC pants. Some of the alleged fakes Vancouver-based Lululemon identified are sold under Costco’s private label […]

Federal and provincial leaders are working to dismantle internal trade barriers that push up the cost of goods and make it harder to do business within Canada. But anyone expecting all of them to be gone by tomorrow should read the fine print, experts say. Throughout the spring federal election campaign, Mark Carney as Liberal […]

When Rachael Coe decided to launch an “elbows up” merchandise line at her store in Yarmouth, N.S., in March, she said it was an immediate bestseller. Within a week, Coe said her Timeless Memories shop had already made 400 sales. By the end of the first month, she had sold 2,500 products ranging from T-shirts […]

A decade after a promised boom in the liquified natural gas industry failed to materialize, Canada has arrived at the starting line, rekindling some aspirations of becoming a major LNG player. The long-awaited LNG Canada project is now up and running — and there are six more projects in various stages of development. If all […]

A group of Hudson’s Bay’s landlords don’t want to transfer more than two dozen leases to B.C. billionaire Weihong (Ruby) Liu, but the department store still has a chance to get its way. The Bay, which filed for creditor protection in March, ran a process over the last several months to find buyers for leases belonging […]

Cost of Living9:34Could shop class solve Canada’s trades shortage? To meet the federal government’s promise to “build, baby, build,” the country is going to need a whole lot more skilled trades workers. But a shortage of shop class teachers in Canadian high schools might make them hard to find.  “We have a massive shortage of trained […]

U.S. President Donald Trump says he’s ending all trade discussions with Canada to hit back at Ottawa for slapping a tax on web giants — and he wants it removed before negotiations can begin again. Canada and the U.S. have been locked in talks to get Trump to lift his punishing tariffs on Canadian goods, levies […]

Canada’s economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency’s advance estimate for May showing a similar decline in activity. The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries. Transportation […]

French sporting goods retailer Decathlon says it is closing its five Greater Toronto Area stores this summer. The locations slated for shutdown are in Brampton, Burlington, Markham, Scarborough and Vaughan. The retailer did not offer a reason for the move or say how many staff will lose their jobs, when the stores close on a […]

The U.S. economy shrank at a 0.5 per cent annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods […]

Delivery company DHL Express Canada has reached a tentative agreement with its union, paving the way for the company to resume operations. The deal comes after almost a year of negotiations. Details of the agreement will not be disclosed until after a ratification vote is held, which is expected in the coming days. DHL Express Canada […]

The average asking price of rent in Montreal has shot up nearly 71 per cent since 2019, according to a rent report released by Statistics Canada on Wednesday. Since 2019, asking rent in the country’s second-largest city has grown from $1,130 to $1,930 in the first quarter of 2025, the data agency said in its […]

The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said on Tuesday. Shelter costs rose three per cent in May, the agency said, marking a slowdown from 3.4 per cent in April. Statistics Canada singled out Ontario as the major source of […]

Another year, another record for Alberta’s oil industry. Oilsands production is on pace to reach an all-time high this year as production in northern Alberta is expected to grew by five per cent in 2025 compared to last year. The latest forecast released Wednesday by S&P Global Commodity Insights anticipates average annual production of 3.5 million […]

It’s called the world’s most critical oil choke point — and Iran holds the power. Washington’s strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows.  Oil prices tumbled Monday after Iran’s initial retaliation didn’t appear to […]

Think food prices are high now? By the end of this century, climate change could significantly cut production of six staple food crops around the world — including wheat production in Canada, leading to higher prices, a new study finds.  And certain crops in higher-income regions, such as corn and wheat in the U.S. Midwest […]

Canada Mortgage and Housing Corporation (CMHC) says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019, based on projected demand. The national housing agency released its latest supply gaps estimate report today, which says between 430,000 and 480,000 new housing units are […]

Slavica Salihbegovic’s family was growing. So she did what anyone living in Vienna would do: She asked the city for a bigger apartment. “At that time, I was pregnant with my first kid,” she said. “I lived in a two-room apartment … it was an OK building, but it was small for us.” Salihbegovic went […]

As Prime Minister Mark Carney’s government works to reshape its economic policies amid an unpredictable administration south of the border, Canadian businesses that trade with China say Ottawa needs to find ways to expand exports there — and fast. While the Canada-China relationship has been stymied in recent years, there are signals of relations improving. […]

WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country’s second-largest airline says it is working to assess whether sensitive data or customers’ personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected […]

Via Rail has reached a tentative deal with the union representing 2,400 of its workers across the country, the Crown corporation said on Friday.  The deal averts a walkout involving members of Unifor, who had voted for a strike mandate to be exercised as early as Sunday. Unifor says the tentative agreement offers gains in […]

Retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers, according to Statistics Canada. For April, six of nine sub-sectors were up, as sales at motor vehicle and parts dealers gained 1.9 per cent, boosted by a 2.9 per cent increase at new car […]

Canada Post says it has reached a deal with the Canadian Postmasters and Assistants Association, the second-largest union representing its workers. The union represents 8,500 of the Crown corporation’s employees, most of whom are responsible for managing post offices in rural areas of the country. The new collective agreement includes a wage increase of 11 per […]

The Competition Bureau is calling for changes to improve the competitive landscape in Canada’s airline industry,  including loosening rules that currently limit foreign ownership of Canadian airlines. The watchdog, in a 117-page market study published Thursday, reiterated that Canada’s airline industry is highly concentrated with two major carriers — Air Canada and WestJet — dominating the domestic market. Those […]

Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure, the retailer said Wednesday. The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement. “As we continue to deliver on our strategy, we regularly assess our […]

A B.C. mining company has announced significant layoffs, saying they are the result of global economic uncertainty and tariffs.  Glencore-owned Elk Valley Resources (EVR), which operates four steelmaking coal mines in B.C.’s southeast along the Alberta border, said it is cutting 140 staff jobs.  In an emailed statement from company communications manager Chris Stannell, Elk Valley blamed “challenging market conditions” […]

The Canadian Real Estate Association says home sales in May fell 4.3 per cent compared with a year ago, but activity picked up when compared to the previous month. Home sales rose 3.6 per cent from April, marking the first month-over-month increase at the national level in more than six months. CREA senior economist Shaun […]

Canada posted a $7.1 billion merchandise trade deficit in April — the largest on record — as exports fell sharply in the face of U.S. tariffs. The April figures follow a $2.3 billion deficit in March, according to Statistics Canada, a period that saw businesses stocking up on inventory ahead of widespread U.S. tariffs, which kicked in the following month.  “The […]

Day 610:09Nintendo Switch 2 promises to be an improvement on the bestselling original console, but it’ll cost you At first glance, Nintendo’s new Switch 2 looks a lot like the last one — a handheld device that easily connects to your TV. It’s a little bigger, a little heavier and comes in a sleek all-black […]

Federal Jobs Minister Patty Hajdu said Thursday she’s putting Canada Post’s latest offers to unionized postal workers up for a vote in the hope of breaking a long-standing impasse between the parties. She said in a social media post it’s in the “public interest” to give members of the Canadian Union of Postal Workers (CUPW) an […]

Oil surged, stocks fell and investors sought safety in the U.S. dollar and government bonds Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of war between the two countries and broader instability in the Middle East.  The S&P 500 was down 0.9 per cent in morning trading. The […]

WestJet is alerting its employees and the public about a “cybersecurity incident” involving the Calgary-based airline’s internal systems and app. In a news release on Friday, the airline said several people trying to access its services have faced “restricted access” as a result of the incident.  “We have activated specialized internal teams in co-operation with law enforcement and Transport […]

When the trade war began in February, Canada looked like it might have been one of the countries hardest hit by U.S. tariffs. But in three months of head-spinning volatility, the on-again, off-again threats have expanded, Canada has negotiated sweeping exemptions and economic data has held up remarkably well. A new report from RBC’s chief economist Frances […]

Statistics Canada says manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff dispute with the United States hit the industry. The agency says manufacturing sales stand at their lowest level since January 2022 after a second straight monthly drop. Drops in sales of petroleum and coal […]

Have you done an interview with an AI bot? While the technology is still in its early stages, some say it frees up humans from tedious tasks while others say there are concerns about HR job losses. CBC’s Ashley Fraser unpacks what the process is like.

Late last year, Dan Davis of Cleveland, Ohio, began planning a motorcycle trip with friends this summer that includes several days in Ontario.  But those plans became a little uncertain after U.S. President Donald Trump took office in January and imposed tariffs on Canada, sparking a trade war. That, coupled with Trump’s frequent threats to make Canada the […]

Wealthsimple Inc. announced its first credit card and a line of credit Wednesday as it ramps up efforts to challenge the dominance of Canada’s big banks. The expansion also includes the additions of mobile cheque deposits, wire transfers and bank drafts to the chequing account it launched in 2020 when it started pushing toward the […]

Graduation cap in hand, Sarah Chung is posing for photos in school regalia ahead of her convocation ceremony. The campus atmosphere is joyful, but what comes next is sobering: this honours student is graduating into one of the worst youth labour markets seen in decades. “It’s bleak,” said the 23-year-old graduate of the University of Calgary’s media and communications […]

The secretary-general of the Organization of Petroleum Exporting Countries says the world’s thirst for oil will continue for decades to come and investment in the sector is necessary to meet those needs. Haitham al-Ghais made his remarks in a speech to the Global Energy Show in Calgary on Tuesday, at a time when oil prices […]

A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta’s industry. Business Renewables Centre-Canada analyzed the reclamation security requirements for renewables in 27 jurisdictions and found Alberta’s are now the most costly. Under a code of practice for solar and wind projects published last week, the Alberta government says […]

The Competition Bureau said on Monday that it is suing the online food delivery company DoorDash and its Canadian subsidiary for allegedly misleading consumers by advertising its services at a lower price than what customers actually end up paying. “A Bureau investigation found that consumers were unable to purchase food and other items at the […]

A consumer organization filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of “dark patterns,” which are tactics designed to make people buy more on its app and website. Pop-ups urging customers not to leave the app or risk losing promotions, countdown timers that create time pressure to […]

Unifor says DHL Express Canada locked out workers just after midnight Sunday as the two sides failed to reach a contract deal, injecting more labour turmoil into the country’s parcel delivery market. The union, which represents 2,100 truck drivers, couriers and warehouse workers across seven provinces, says they went on strike in response at 11 […]

The Sunday Magazine23:13Customs brokers are cross-border trade gurus. With tariff whiplash, they’re facing ‘toxic uncertainty’ Dan Patrick De Los Santos’s workday looks very different then it did a few months ago before the Trump administration tariffs upended trade — and his job description.   Before the levies hit, De Los Santos said about 80 per cent […]

Indigenous business leaders gathered outside Calgary this week for an energy industry conference say they’re not opposed to building major projects quickly — in fact, they’re all for it.  But as Ontario and B.C. pass bills criticized by First Nations in those provinces for trampling on their rights in the service of fast-tracking infrastructure, they […]

The Sunday Magazine21:16Will we still need to learn foreign languages if AI can do the translating? There’s a suite of new and upcoming tools designed to make translation between languages easier and faster than ever before — some, with the help of artificial intelligence. At their I/O 2025 event, for example, Google revealed a live […]