Category: Business

The potential of tariffs on Chinese electric vehicle imports is being welcomed by the Canadian head of General Motors as major producer BYD looks to enter the market. “We’re encouraged by the government’s examination of these issues,” said Kristian Aquilina, president of GM Canada. “Because on the basis of strong competition, a fair playing field, […]

WARNING: This article may affect those who have experienced​ ​​​sexual violence or know someone affected by it Embattled billionaire Frank Stronach says he pities the women whose allegations of rape, assault and forcible confinement are the basis for the 13 sex crime charges against him.  Speaking publicly for the first time since he was arrested […]

The Nova Scotia Supreme Court has approved Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain. Justice John Keith ruled Thursday afternoon that the proposal is “reasonable and fair,” clearing the way for the Toronto-based media company to buy the insolvent SaltWire Network Inc. and the Halifax Herald Ltd. Earlier in the day, a lawyer representing the […]

Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. […]

The owner of Canada’s most recognizable fast-food chain managed to grow its profit in its most recent quarter, even as a pullback in consumer spending that’s long been roiling retailers cropped up in the quick-serve market. The chief executive of Restaurant Brands International Inc. (RBI) said his company’s brands — Tim Hortons, Burger King, Popeye’s […]

Canada’s steel and aluminum industries are warning they face an “existential threat” if the Trudeau government fails to move in lockstep with the U.S. and Mexico by introducing tariffs on Chinese steel and aluminum imports this month. “We can’t be the only CUSMA country that is not taking this serious action for many reasons, but […]

Rents are still rising across Canada, but doing so at their slowest pace in the last 2½ years, according to a report released Wednesday by Rentals.ca and Urbanation. The national rent report data says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year. The data is based […]

The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack […]

Stocks closed higher on Wall Street as calm returned to the market a day after its biggest pullback in almost two years. The S&P 500 rose one per cent Tuesday, breaking a brutal three-day losing streak. It had tumbled a bit more than six per cent after several weaker-than-expected reports raised worries the U.S. Federal Reserve had pressed the […]

Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. The company formerly known as Twitter filed the lawsuit on Tuesday in a federal court in Texas against the World Federation of Advertisers and […]

Alphabet’s Google broke the law with monopolistic behaviour over online search and related advertising, a federal judge ruled on Monday, the first victory for U.S. antitrust authorities who have filed numerous lawsuits challenging Big Tech’s market dominance. The decision is a significant win for the U.S. Justice Department, which had sued the search engine giant […]

A plunge in stock markets that started out in Japan Monday has swept around the world, pummeling Wall Street with more steep losses as fears worsen about a slowing U.S. economy. The S&P 500 was down by 3.1 per cent in late trading and on track for its worst drop since 2022. The Dow Jones Industrial […]

Half of all airline passenger disputes resolved by Canada’s transport regulator over a recent nine-month period have resulted in wins for passengers.  According to CBC News analysis of newly available data, Canadian Transportation Agency (CTA) officers ordered airlines to compensate or refund passengers in 50 per cent of the 9,740 cases they resolved between Sept. 30, 2023, […]

The economy in Alberta looks good — from a distance — where record immigration has led to a jump in consumer spending, but when you shine a brighter light onto it, there are some problems a GDP fails to measure. “We didn’t have the famous two quarters of contraction that would normally characterize a recession,” Charles […]

A new report by Statistics Canada shows the country’s total number of short-term rental listings increased by more than 60 per cent between 2017 and 2023, while the number of short-term rental units that could be used as long-term housing grew by more than 80 per cent. The report identified more than 100,000 short-term rentals that […]

Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst sell-off since 2000, after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chipmaking business. The company’s stock fell nearly 21 per cent in pre-market trading after Intel late on Thursday […]

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 fell 1.8 per cent on Friday for its first back-to-back loss of at least one per cent since April. The Dow Jones industrial average lost 1.5 per cent, and the Nasdaq composite […]

Enbridge Inc. has raised its earnings forecast for the year in light of the successful completion of two previously announced purchases of U.S. gas utilities. The Calgary-based energy infrastructure company said Friday it now expects adjusted earnings for 2024 of between $17.7 billion and $18.3 billion, up from a previous forecast of $16.6 billion to […]

A scaled-back version of the website for the Pathways Alliance, a consortium of Canada’s largest oilsands companies, is back online, weeks after content was pulled down in response to Bill C-59. Bill C-59, which includes amendments to the Competition Act, became law in June. The new rules require companies be able to prove their environmental claims. […]

The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still […]

Canada’s privacy commissioner has launched an investigation into a cybersecurity breach at Ticketmaster after an attack by a hacker group compromised the personal information of millions of customers around the world.  “The investigation will allow us to understand why this cyber incident happened and what must be done to address this situation and prevent it from happening again,” Privacy […]

Canada’s Competition Bureau has launched a market study into the country’s domestic air passenger service, noting that fares remain pricier than they were before the COVID-19 pandemic. In the study’s terms of reference published earlier this week, the bureau says there are signs “domestic airfares in Canada may be relatively high,” and that “average airfares […]

TC Energy Corp. is selling a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities for $1 billion. The Calgary-based pipeline company said the deal, announced Tuesday, will enable 72 Indigenous communities to take a 5.34 per cent stake in its Nova Gas transmission system and Foothills pipeline […]

An expert who tracks Canada’s mainstream media industry says Postmedia’s pending purchase of Atlantic Canada’s largest newspaper chain is almost certain to result in job cuts and a reduction in local content. April Lindgren, a journalism professor with Toronto Metropolitan University, says Postmedia Network Inc. has also made a habit of closing unprofitable publications, having […]

Cost of Living9:09Is it time to retire the seniors’ discount? Whether she’s attending a chamber performance or playing in one, cellist and teacher Laura Backstrom says one thing is pretty consistent — the audience “looks like a sea of white hair,” she says. In contemplating why that is, Backstrom, 60, said she initially thought it was because seniors […]

An Ontario couple was ousted from a cross-country WestJet flight last month after they protested the airline’s demand to gate-check their carry-on bags, which contained valuables and medication. “I was so mad,” said Porur Kumanan, who was travelling from Toronto to Vancouver with his wife, Kalpana. “Are we criminals?” Kumanan said the couple was lined […]

More restaurants in Canada are turning to halal certified meat on their menus to make sure items such as chicken are religiously compliant for some observant Muslims. But the move isn’t just about faith — there’s a larger business opportunity at stake as companies try to access what’s been estimated as a $3.3 trillion global market that’s expanding due to increasing demand […]

Business More than 97 per cent of Windows sensors are back online, CrowdStrike’s CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage. Microsoft said about 8.5 million Windows devices were affected by outage Thomson Reuters · Posted: Jul 26, 2024 8:46 AM EDT | […]

Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month. The move comes at a time when Walmart has been increasing investments over the last few months for its U.S. store workers to retain more employees. The retailer raised the annual average […]

Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. SaltWire has been under creditor protection since March. It publishes more than 20 papers in Atlantic Canada, including The Chronicle Herald in Halifax, The Guardian in Charlottetown, and The Telegram in St. John’s, along with associated websites. […]

After Scotiabank customers expecting to be paid on Friday reported that their paycheques hadn’t been deposited, the bank says it has resolved the issue and that clients will start seeing payments land in their accounts. “We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we […]

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger, and Sobeys and […]

During the company’s second quarter earnings call on Thursday morning, Loblaw executives fielded questions from analysts about the grocery giant’s soft food retail sales — and whether a boycott organized online had impacted the company’s profits at all. Some Canadians have been boycotting Loblaw since May, after the moderators of an online Reddit group called r/loblawsisoutofcontrol began encouraging its then-45,000 […]

The Office of the Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts. The office has received several such complaints, spokesperson Vito Pilieci said in an email to CBC News on Tuesday. He said the office can’t comment further due to the active investigation. […]

The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, with governor Tiff Macklem saying during a news conference that it would be reasonable to expect further rate cuts if inflation continues to ease. The cut was widely expected by economists after inflation eased in June. It marked the central bank’s second […]

Quebec is extending its partnership with Airbus Canada until 2035, the two jointly investing $1.65 billion to keep manufacturing its narrowbody A220 planes in the province. The French aerospace giant holds 75 per cent of Airbus Canada’s shares while Quebec holds the other 25 per cent. Airbus is set to invest $1.2 billion, and Quebec […]

U.S. regulators are investigating how Delta Air Lines is treating passengers affected by cancelled and delayed flights as the airline struggles to recover from a global technology outage. Transportation Secretary Pete Buttigieg announced the Delta investigation on the social media platform X on Tuesday, “to ensure the airline is following the law and taking care of its […]

A brand of baby cereal is being pulled from all in-store and online retailers in Canada due to possible Cronobacter contamination. Calgary-based Baby Gourmet Foods has issued a product recall for its Banana Raisin Oatmeal Organic Whole Grain Cereal, which is sold in 227-gram packages. Cronobacter is a bacteria that is sometimes found in dry foods, […]

Delta Air Lines is struggling to restore normal operations after last week’s crippling global cyber outage, cancelling over 5,000 flights since Friday. About 16 per cent of Delta’s Monday flights, over 600 in total, had been cancelled as of 7 a.m. ET, according to data from FlightAware, the tracking web site said. Delta on Sunday cancelled […]

The growth of AI in the last few years has demonstrated two things. One, that the technology is capable of producing a range of slick if highly suspect images and video. And two, that a whole lot of people are convinced it will soon suffuse every aspect of modern life. From creating art to providing […]

Efforts to deal with a global tech outage that caused chaos for travellers, hospitals and banks are underway, but it may not be the end of your computer woes: Phishing schemes trying to reel in businesses and individuals are now coming to light. Security specialists are warning to be aware of malicious actors purporting to be tech specialists offering help to recover […]

Around 3.3 million steam cleaners are being recalled across North America because of a burn hazard that has resulted in consumers reporting more than 150 injuries. According to the U.S. Consumer Product Safety Commission and Health Canada, select models of Bissell-branded Steam Shot hand-held steam cleaners can spew hot water or steam while the products […]

Canadians weren’t spared the headaches of cancelled flights, delayed medical appointments and other problems caused by a failed cybersecurity software upgrade that caused a host of cascading issues around the globe on Friday. According to an alert sent by the global cybersecurity firm CrowdStrike to its clients and reviewed by Reuters, the company’s Falcon Sensor software […]

Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors away from buildings, and to stop charging them due to the possibility of battery fires. The company said Thursday that it’s recalling certain 2017 through 2021 Chrysler Pacifica plug-in hybrids, mainly in North America. Some are being recalled for a […]

The latest: Cybersecurity firm CrowdStrike blames software update for global tech outage. Company reports services being restored after outage affected systems using Microsoft Windows.  Tech failures hit airlines, government agencies, hospitals, media outlets (including CBC) and more. Porter Airlines cancelled flights; flights with U.S. airlines affected. Delays at borders as Canadian, U.S. agencies experience issues. CrowdStrike CEO apologizes, says company […]

Canada’s grocery code of conduct cleared a major hurdle this week with news that all major grocery retailers will sign on.  The code has been years in the making, coming after a period of tense relations between retailers and suppliers.  A major point of contention has been fees that retailers have charged to keep suppliers’ products in […]

Business All major retailers have now agreed to sign onto an industry-developed Canadian grocery code of conduct, the Agriculture and Agri-Food Canada announced Thursday. CBC News · Posted: Jul 18, 2024 2:08 PM EDT | Last Updated: 1 hour ago All major retailers have now all agreed to an industry-led Canadian grocery code of conduct, the Agriculture […]

The European Union said Friday that blue checkmarks from Elon Musk’s X are deceptive and that the online platform falls short on transparency and accountability requirements, the first charges against a tech company since the bloc’s new social media regulations took effect. The European Commission outlined the preliminary findings from its investigation into X, formerly […]

When Ashley Hickey’s seven-year-old son Alex was diagnosed with celiac disease last month, she knew she had to revamp the entire family’s diet to become a gluten-free household. Celiac is a genetic autoimmune disease that causes people to get sick when they consume wheat, rye or barley. Having celiac herself, Hickey is familiar with the […]

Canada’s annual inflation rate fell to 2.7 per cent in June — down from 2.9 per cent in May — mostly due to slower increases in gasoline prices, Statistics Canada said on Tuesday.  Compared to June of last year, gasoline prices rose an average of 0.4 per cent in June. That’s down from a 5.6 per cent annual increase […]

The nearly two-decade-long oil pipeline saga surrounding the failed Keystone XL pipeline is nearing an end, as Calgary-based TC Energy has lost its bid to recoup $15 billion from the U.S. government. The decision also raises doubts about whether the Alberta government will recover any of its losses as an investor in the project. TC Energy first […]

Hamilton-based steelmaker Stelco Holdings Inc. is set to be acquired by U.S.-based Cleveland-Cliffs Inc. for $3.4 billion Cdn. Stelco said it has agreed to sell all issued and outstanding common shares for $70 per share to the Ohio-based steel producer. Stelco chief executive Alan Kestenbaum said he is confident Cleveland-Cliffs will remain a reliable supplier […]

As revenue slumps from a “challenging advertising environment,” Canadian media company Corus Entertainment — which houses brands like Global News and YTV — is “aggressively” cutting costs, continuing layoffs and shutting down parts of its business. In the company’s third-quarter earnings call on Monday, co-chief executive officer John Gossling said that by August, Corus expects it will have reduced its full-time workforce […]

Cost of Living5:08Trade you a breadmaker for banana bread? When Samantha Fanning was expecting her second child, the room that would become the baby’s nursery needed a major glow-up. But as a professional photographer and at the time a single mother, Fanning didn’t have room in her schedule — or the painting skills required — to transform […]

Consumers who have fallen victim to corporate data breaches should stay vigilant about monitoring their personal accounts and financial information, but may not need to completely cancel or close affected accounts, according to a lawyer and data breach expert practising in Canada. The advice comes in the wake of major data breaches affecting customers of […]

The data of nearly all customers of the U.S. telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally.  The breach, most of which took place over five months in 2022, hit customers of AT&T’s cellular […]

Cost of Living7:36The return of car deals Over the last three years, new and used vehicle supply in Canada dried up — and so did the deals on car sales. But industry experts say the drought is over and Canadians can expect a better buying experience this summer and fall. “Supply of new vehicles has improved […]

A collective agreement between WestJet and its mechanics has been ratified, just weeks after a two-day strike forced large-scale flight cancellations and cost the airline millions of dollars. The new contract will see airplane mechanics receive a 15.5 per cent wage hike in year one, a 3.25 per cent hike in year two, and additional […]

Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024.  According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up […]

Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company.  Based in Longueuil, Que., Héroux-Devtek is one of the […]

German carmaker BMW is recalling 394,000 vehicles in the United States and 44,131 vehicles in Canada due to faulty airbag inflators that could potentially cause serious or fatal injuries. The recall was reported by the U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday, and updated on Transport Canada’s website on Thursday. An airbag inflator can explode, sending potentially deadly sharp […]

The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. The slowed pace of price growth is a sign that supply and demand are rebalancing in the rental […]

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its workforce, as it looks to focus on its artificial intelligence-powered tax preparation software and other financial products. The company, which has invested heavily in providing generative AI powered accounting and tax preparation tools for small and […]

The Canadian Food Inspection Agency (CFIA) has recalled a selection of plant-based drinks after discovering they could be contaminated with listeria.   Stores across Canada are being told not to sell, serve or distribute the following 15 products from the Silk and Great Value brands, and anyone who has them in their fridge should not consume or use them. The recalled […]

The Alberta government kicked off a flurry of activity three years ago when it began awarding the rights to underground caverns for storing carbon emissions. The gold rush was underway as companies announced dozens of projects and competed to stake their claim for those rights. The wave of new projects raised expectations that the oilpatch […]

Ticketmaster is notifying customers about a “data security incident” that may have leaked their personal information. The ticket-selling company wrote in an email to customers Monday that it recently discovered an “unauthorized third party” obtained information from a cloud database hosted by a third-party company between April 2 and May 18.  The information “may have included […]

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of […]

The Canada Industrial Relations Board (CIRB) says a strike vote taken by a union representing ship and dock foremen is illegal. The B.C. Maritime Employers Association (BCMEA) said Friday that Local 514 of the International Longshore and Warehouse Union (ILWU) had served a notice of intended strike action against DP World Canada that was set to begin on Monday […]

Cost of Living5:15Zero dollar tip revenge When Alessandro Montelli was asked to tip when paying for a bottle of water at a local coffee shop, he knew something had to change with tipping culture. The Torontonian and recent university graduate had just finished a run and wanted to rehydrate. The barista behind the counter handed […]

More than 9,000 Ontario liquor store employees are on strike after bargaining talks broke down between their union and the LCBO. Leaders of the Ontario Public Service Employees Union (OPSEU), which represents the workers, blamed the strike on Premier Doug Ford. The strike deadline set by the union was 12:01 a.m. on Friday. “LCBO workers […]

The Canadian telecommunications industry wants stiffer penalties for copper wire thieves, who they say are repeatedly causing outages that can leave thousands of customers without service when they cut the wire off utility poles to sell for scrap metal.  The number of incidents grew by about 200 per cent annually from 2021 to 2023, according to estimates from […]

The 2022 Rogers outage that left 12 million people without wireless and hard-wired services was caused by human error and made worse by management and system “deficiencies,” says an independent review conducted for Canada’s telecommunications regulator. The review report also says steps taken by Rogers since the outage are “satisfactory to improve the Rogers network resiliency […]

The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday. The unemployment rate has trended upward for more than a year, with 1.4 million people unemployed in June, according to the agency’s monthly Labour Force Survey. Of those who were […]

Canadian retailer Hudson’s Bay Co. will buy luxury department store rival Neiman Marcus for $2.65 billion US, the company said Thursday. The deal was announced after months of speculation that HBC would buy the chain, whose website lists 36 U.S. locations selling designer apparel, accessories and housewares. HBC plans to group Neiman Marcus with its other international assets, including […]

OpenText Corp.’s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan. In an open letter to stakeholders released Wednesday, Mark Barrenechea describes the cuts as a way of “placing the right talent in the right locations of our business, funding growth and innovations, and completing these […]

Last year, the Canadian Transportation Agency (CTA) ordered Sunwing Airlines to pay Mick Anslow and his wife $800 for a flight delay from Cancun, Mexico, to Regina in 2020. The victory was short-lived. In May, the Federal Court of Appeal ruled that Sunwing can take the couple to court to challenge the CTA’s decision. “We were […]

A strike action taken by 1,359 Bombardier aircraft assembly workers is continuing after the Unifor union members voted to reject a tentative agreement Tuesday. The strike began at midnight on June 23 after Bombardier and Unifor Local 112 and 673 union members failed to reach an agreement during the bargaining process. In a statement to CBC News, […]

It’s been two days since WestJet’s mechanics ended their strike, but passengers are still grappling with cancelled flights and frustration. “We were starting to wonder, ‘Are these re-bookings even real?’” Laura Stewart told CBC News Tuesday after WestJet rebooked and re-cancelled several of her flights over the long weekend.  “We were in the dark, really.” WestJet had to park 72 per cent of […]

The Office of the United States Trade Representative says it will do what’s necessary to halt Canada’s tax on large foreign digital services companies. Last month, Parliament approved the government’s plan to add a three per cent levy on foreign tech giants which generate revenue from Canadian users. It means the companies will have to […]

WestJet says it faces a possible strike by its mechanics starting as early as Friday. The airline says the Aircraft Mechanics Fraternal Association has issued a strike notice that could mean a work stoppage as early as 5:30 p.m. MT on Friday. The notice comes after the union called off its strike plans last week and […]

Sitting in a bright, plant-filled coffee shop in the town of Písac, Peru — natural light filtering in from a skylight above — Grayson Allen explains that he’s always wanted to work abroad. The 30-year-old content creator from Vancouver is a self-described digital nomad, a term for people who perform their jobs remotely from anywhere in the […]

A strike by WestJet mechanics has been averted after federal Labour Minister Seamus O’Regan directed the Canada Industrial Relations Board (CIRB) to impose final binding arbitration to resolve the outstanding issues of the collective agreement between the airline and the Aircraft Mechanics Fraternal Association (AMFA). In a statement Thursday, O’Regan said he is “using his authorities under the Canada Labour Code” to […]

Living with your parents. Living with your ex. Giving up basic needs like food and clothing. These are just some of the sacrifices Canadians say they’ve been making to pay rent amid the surging prices and decreased availability marking Canada’s rental housing crisis. Demand for rentals is outpacing supply across the country. A recent CBC News analysis of more than 1,000 neighbourhoods across Canada’s […]

Union members at CN and CPKC railways have voted to reauthorize strikes at both companies if negotiated settlements can’t be reached. Teamsters Canada said in a statement Saturday that union members at both railways voted almost 99 per cent in favour of reauthorized strike action. The union said members previously voted in favour of strike […]

A surprise strike by unionized airline mechanics at WestJet has left thousands of passengers wondering whether they would reach their destinations on Saturday after the airline cancelled 235 flights, affecting an estimated 33,000 passengers. The airline said another 150 flights will be cancelled if a solution to the dispute isn’t reached by early Saturday afternoon MT. The strike […]

Canada’s economy grew 0.3 per cent in April, helped by strength in several industries, including wholesale trade, oil and gas extraction and manufacturing, Statistics Canada said. The data matched expectations as analysts polled by Reuters had forecast 0.3 per cent GDP growth in the month, after zero growth in March. Statistics Canada says the growth in April came as […]

Bell Media has cut an additional 43 technician jobs as part of the restructuring it announced in February, the company confirmed to CBC News on Thursday. The announcement comes after the company said it would move its local broadcaster CP24 from its Queen Street headquarters to its Scarborough, Ont., campus this fall, with business news organization BNN […]

The U.S. Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. After deliberating more than six months, […]

Canadian billionaire Frank Stronach has been charged with additional criminal offences, including sexual assault, Peel Regional Police said Wednesday. “Investigators from the Peel Regional Police, Special Victims Unit, have identified additional victims and additional charges have been laid,” Peel Const. Tyler Bell-Morena told CBC News in an emailed statement. Bell-Morena said the newly announced charges include […]

Shell Canada has announced it will forge ahead with a pair of carbon capture projects in Alberta, after recent setbacks for other proposed projects in the sector have cast doubt on the technology. The Calgary-based operator said Wednesday it has made a final investment decision for its Polaris carbon capture project at its Scotford refinery […]

For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator data shows oil and gas companies in the province flared approximately 754 million cubic metres of natural gas last year, exceeding the annual provincial limit […]

Canada’s annual inflation rate edged up to 2.9 per cent in May — an increase from 2.7 per cent in April — mostly due to higher prices for services, Statistics Canada said on Tuesday. Some of the increase was typical of the season. Prices for cellular services, rent, travel tours and air transportation grew at a faster pace, according to the data […]

Whenever you pass through the cash register at a grocery store, the price of everything in your shopping cart — from discounted chicken to strawberries on promotion — is collected by the retailer and sent to Statistics Canada. That’s just one of several ways the data agency tracks the spending reflected in its consumer price index, or CPI: Canada’s most comprehensive […]

Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in Canada and the U.S., was hit by back-to-back cyberattacks Wednesday. That led to […]

More than 1,000 Bombardier aircraft assembly workers went on strike as of Sunday after their union failed to reach an agreement with the company. A Sunday release from Unifor said 1,350 employees stopped work at the company’s aircraft manufacturing facility, based at Toronto Pearson International Airport in Mississauga, after the strike deadline expired at 11:59 […]

Conservative MP Lianne Rood has put forward a private member’s bill that would ensure flight attendants are paid for their pre- and post-flight duties. Flight attendants have been advocating for changes to the labour code because they don’t start getting paid until their plane is in motion — and their compensation ends when the plane […]

WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice. The Aircraft Mechanics Fraternal Association, which represents some 670 aircraft maintenance engineers and other skilled-trade positions at the carrier, says it made the decision after WestJet cut off talks this week. […]

Much to the frustration of travellers, airline fees once included in base fares are continuing to crop up as à la carte costs. Andrew Chang breaks down how the ‘unbundling’ of fees, such as WestJet’s $25 charge for booking economy tickets by phone, has changed the airline industry — and why experts say there’ll be […]

An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors. The move comes after a U.S. court approved the sales process for the company which launched Chapter 11 bankruptcy proceedings last month. Court filings made on June 11 say the steps […]

The union representing WestJet mechanics has rescinded a strike notice and will resume talks with the airline. Some 670 WestJet plane mechanics, represented by the Aircraft Mechanics Fraternal Association (AMFA), were set to walk off the job as early as Thursday evening after serving the airline with a strike notice earlier this week following months of negotiations. But […]

A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers in Canada and the U.S., the affected companies said on Thursday. CDK briefly shut down all its systems on Wednesday, saying it was investigating a second breach that happened in the evening. CBC News reached out to the company […]

For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes a recession. In a report released this week, the central bank offered up plenty of evidence that its strategy is working. Inflation has eased, economic growth has […]

Thousands of WestJet customers are scrambling after the airline cancelled more than 30 flights ahead of a possible strike by its plane mechanics this Thursday. In an update Wednesday afternoon, the airline said about 6,500 travellers were booked on the cancelled trips, scheduled for Wednesday and Thursday. WestJet said the move reduces the potential for […]

When Leigh Tynan agreed to get her 13-year-old daughter a cellphone, she didn’t want it to become a distraction. “When there’s a smartphone or screen, you don’t practise guitar, you don’t read a book, you don’t just be bored,” she said. So instead of the very popular iPhone, she settled on a TCL Flip phone, […]

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. Referred to as housing starts, new home construction was up 10 per cent in May compared to the previous […]

Cost of Living9:01Wanna buy your first home? Better hope your folks have one already Help from parents is increasingly becoming a deciding factor in who is able to realize their dream of owning a home and who is not. A report from Statistics Canada released last month found that as of the 2021 reference year — the […]

Nadia Ladak is the co-founder of Marlow, a growing business that makes tampons.    She’s well connected in the startup community, has been featured on the Forbes 30 under 30 list, and had a winning pitch on the hit show Dragons’ Den.  But the high achiever is also human.    “While all these successes were happening, I […]

A Quebec judge has dismissed a $2.5 million class action settlement on behalf of Dollarama customers who purchased products subject to an eco fee. The proposed settlement was reached on Feb. 21 and was subject to court approval. The judge dismissed the settlement on April 17, according to a website dedicated to the class action. Law firm LPC Avocats informed class […]

This week, X, formerly known as Twitter, made likes private — meaning people can no longer see which users have liked posts. It’s a move the company says is aimed at improving privacy, however, experts say the change will harm the public’s ability to hold the powerful to account.  Public likes on the social media platform were always a double-edged […]

The chief executives from Canada’s five biggest banks faced hard questions from MPs on Thursday over their climate commitments and plans to help spur transition to renewable energy. Representatives from RBC, CIBC, TD Bank Group, BMO Financial Group and Scotiabank appeared Thursday before the standing committee on environment and sustainable development. All five attended by […]

If you fancy a burger and crinkle-cut fries, U.S. fast-casual joint Shake Shack is dipping a toe into the Canadian market — but its success could depend on customers willing to fork out higher prices. The chain is starting with a lone Toronto location, which opens Thursday, with plans to expand across Canada with 35 locations by 2025. “Canada’s been […]

Laval police say they arrested three suspects Wednesday in connection to a massive data breach at Desjardins Group made public in 2019. Imad Jbara, 33, and Ayoub Kourdal, 36, were charged with fraud, trafficking in identity information and identity theft. The third suspect has yet to appear in court. An arrest warrant was also issued for a […]

On Monday, Apple revealed a suite of highly anticipated AI features — including ChatGPT — that it will soon integrate into its devices. But not everyone was thrilled at the news. While some observers were excited at the prospect of, for example, drawing math equations on an iPad that could then be solved by AI, billionaire tech mogul Elon […]

Chiquita Brands International must pay $38.3 million US in damages to the families of eight Colombian men killed by a paramilitary group in that country, a Florida jury said on Monday. In 2007, Chiquita was ordered by a U.S. court to pay a $25-million fine to settle criminal charges that it did business with the United […]

The National Health Service in England is urging people with universal blood types to donate after a ransomware attack disrupted hospitals’ ability to match patients — underlining how cyberattacks can have serious and potentially life-threatening impacts. On June 3, hackers targeted pathology services provider Synnovis with ransomware. Ransomware attacks encrypt a company’s computer system, rendering it inoperable […]

Apple unveiled a long-awaited AI strategy on Monday, integrating Apple Intelligence across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices. With these moves, the iPhone maker is seeking to reassure investors that it has not lost the artificial intelligence battle to Microsoft, even though it may have […]

China’s electric vehicle industry is poised to dominate the globe, and that has governments in Europe and North America, including Canada, grappling with how to meet ambitious targets for reaching 100 per cent zero-emission vehicle sales through domestic manufacturing. “In the last five years or so, China emerged as an absolute leader in [the EV] […]

The Canadian economy added a flat 27,000 jobs in May, while unemployment inched up slightly to 6.2 per cent, Statistics Canada said Friday. Economists were expecting an average of 30,000 jobs to be added. Part-time employment was up by 62,000 positions and full-time employment declined, with a loss of 36,000 jobs. BMO chief economist Douglas Porter wrote that […]

Google named the organization it has selected to distribute the $100 million the tech giant has promised to Canadian news companies Friday. Google agreed to pay Canadian news publishers $100 million annually, indexed to inflation, in order to be exempt from the Online News Act, which compels tech companies to enter into agreements with news […]

Standing between the racks at a Simons store in Mississauga, Ont., Luke Gillet was on a mission to buy his dream wedding suit.  “They have a crazy colour that I want to wear,” Gillet explained. “There’s a pink suit here that I was really hoping to find and it matches my fiancée’s dress, which has sort […]

It’s a new stage for Quebec comedy and Quebec City-based entertainment firm ComediHa! A Quebec Superior Court judge approved an agreement Monday that will see the company obtain numerous assets from Just For Laughs, which sought creditor protection in March. Under the terms of the agreement, ComediHa! will not acquire the company in its entirety, but take possession of the […]

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s not going to be an easy job. The central bank cut rates this week for the first time since March 2022, when it embarked on one […]

The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank’s first rate cut since March 2020. Bank governor Tiff Macklem said in opening remarks that the bank’s monetary policy no longer needs to be as restrictive. “We’ve come a long way in the fight against inflation. And our confidence that inflation will continue […]

Online streaming services operating in Canada will be required to contribute five per cent of their Canadian revenues to support the domestic broadcasting system, the country’s telecoms regulator said on Tuesday. The money will be used to boost funding for local and Indigenous broadcasting, officials from the Canadian Radio-television and Telecommunications Commission (CRTC) said in a briefing. “Today’s decision […]

WestJet announced that it has introduced an ultra low-cost fare — and if you like carry-ons, seat choice and earning points, there’s a catch. The UltraBasic fare will replace the airline’s basic fare option, and it comes with “some restrictions,” according to an email that was sent to WestJet members. Carry-on bags aren’t permitted unless a passenger is on […]

Close to four years after they filed a complaint with the Canadian Transportation Agency (CTA), Andrew and Anna Dyczkowski finally got a resolution — in their favour. In November 2023, a CTA officer determined their 24-hour flight delay from Vancouver to Costa Rica in 2020 was Air Canada’s fault. The airline was ordered to compensate the couple […]

A former TD Bank employee falsified documents to open dozens of accounts and provided concierge-like services to help cash flow across borders, Bloomberg News reported on Monday. Gerry Aquino Vargas, the now-former retail banker in a Hollywood, Fla., outpost of TD Bank, took a series of $200 US bribes to help clients move millions to Colombia […]

When asked if young, aspiring farmers ever inquired about buying his farm, Marcus Collinson just laughs.  “No young farmers are buying farms,” he said, adding it’s why he sold his four properties southwest of London, Ont., to an investor in May and June 2020.  The Toronto-based company that bought them is Bonnefield, Canada’s first and largest […]

From broken seatbelts to faulty airbags and dysfunctional pedals, it sometimes seems like there’s a story about a major vehicle recall every other day.  On Wednesday, Nissan sent out a “do not drive” warning to owners of its 2002-2006 Nissan Sentra, its 2002-2004 Nissan Pathfinder and its 2002-2003 Infiniti QX4 models, a recall that a spokesperson […]

Cost of Living5:50Why is gas always more expensive in the summer? As summer approaches, Canadian drivers have likely already experienced the all-too-familiar rise in prices at gas station pumps. A boosted demand for gasoline by people on road trips affects prices, as did the latest increase in the federal carbon tax in most provinces and territories.  But there’s another key […]

Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year. In a filing with the U.S. Securities and Exchange Commission, Live Nation said it found “unauthorized activity” in a third-party […]

Pilots at WestJet’s regional carrier could be going on strike at the beginning of June. The Air Line Pilots Association said Wednesday afternoon that WestJet Encore pilots have issued a 72-hour strike notice to management and the government. The union said some progress has been made after two weeks of bargaining following the pilots’ rejection […]

Spending by Canadian households helped the economy grow at an annualized rate of 1.7 per cent in the first three months of the year, Statistics Canada said Friday. Economists say that expansion was less than expected, as estimates had called for a better than two per cent increase, but weaker growth than forecast increases the odds of an […]

The Bank of Montreal says online banking services are restored for customers after a technical problem overnight. BMO says it experienced an overnight service disruption due to a false fire alarm at one of its data centres. “Our services have returned online although some customers may experience delays in transactions being processed and posted,” a bank […]

A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of lenders and real estate technology company Yardi Systems. Flexible workspace provider WeWork expanded at breakneck speed, opening its first location in […]

When WestJet’s CEO openly criticized the federal government recently for hiking air travel fees, it wasn’t that unusual. Airline and airport executives have long grumbled about all the fees charged to passengers when they buy a ticket. It’s no secret that air travel in Canada is expensive compared to the rest of the world. Airports are a […]

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely won’t last, according to Canada’s housing agency. Canadian mortgage debt totalled $2.16 trillion that month, up 3.4 per cent from the same period last year — a historically low […]

Urban downtowns are sometimes called concrete jungles because the apartments and office buildings that make up skylines from New York to Vancouver are generally made of — what else? — concrete.  But that could change with a push underway to build more tall buildings with another material: mass timber.  Mass timber is an umbrella category of materials made by binding layers […]

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. Shareholders voted Monday in favour of a $2.50 per share offer from Trilogy Retail Holdings Inc. and Trilogy Investments L.P., which already held a 56 per cent stake in Indigo. The Trilogy companies are owned […]

The federal Competition Bureau says it’s going to look the domestic air travel industry in Canada, and it’s looking for input from Canadians as it prepares to study the market in the coming months. The agency, which is tasked with enforcing competition law in Canada, said in a press release listing the reasons for its study that […]

Cost of Living76:40:00The Great Exhaustion For years, Sabrina Royal worked with one of Canada’s big banks. She worked her way up from an entry-level job to a management position. But that’s when her hours started getting out of hand. “When it was good, I was working 8 a.m. to about 6:30 p.m.,” Royal, 42, told […]

Amid the feud between Drake and his Los Angeles-based rival Kendrick Lamar, online sleuths uncovered details about the former’s businesses and other holdings that started a buzz on social media. Over the course of April and May the two prolific rap artists, widely considered two of the best of their generation, exchanged a series of […]

Canadians are hopeful that a U.S. lawsuit against concert promoter Live Nation will provide some relief to cash-strapped fans and musicians.  The U.S. Justice Department (DOJ) and a group of 30 states and the District of Columbia on Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert […]

Ontario is introducing sales of beer, wine and ready-made cocktails into corner stores and additional supermarkets 16 months ahead of schedule, a move that will see the province pay up to $225 million to The Beer Store. Retailers, including convenience stores and gas stations, will be able to start selling the low-alcohol beverages as of Sept. […]

Lynx Air hopes to sell off everything from life-jackets to oxygen masks as it tries to recoup a portion of the losses it incurred before filing for creditor protection earlier this year. In court filings last week, the defunct discount carrier said it has worked out deals with a pair of aviation companies abroad to […]

Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anti-competitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.” The Federal Court documents show the commissioner of competition launched the probes on March 1, saying there’s reason to believe the firms’ use of so-called property […]

Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain’s Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned. An application will be brought before the Ontario Superior Court of Justice on May 28 […]

Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom. The company says the files may contain employee information, calling it a “deeply distressing” situation. The statement from the company says it was “unwilling and unable” to […]

Ahead of Canada’s plan to move the Trans Mountain pipeline to Indigenous ownership, the federal government is changing how it manages the pipeline, according to a notice published Wednesday on the federal government’s official newspaper, Canada Gazette. The Canada Development Investment Corporation and Trans Mountain Corporation will no longer need authorization from a top official, the governor […]

Canada’s banking regulator says real estate secured lending and mortgages are among the top risks the country’s financial system is facing, as higher interest rates pressure borrowers. In its annual risk outlook, the Office of the Superintendent of Financial Institutions )OSFI) said as homeowners renew their mortgages, they could potentially face a payment shock due to […]

Boeing, a giant in the aircraft manufacturing business, is investing $240 million as part of a partnership with the Quebec government to create an aerospace innovation zone in the Montreal area. The total investments for the project are worth $415 million. The Quebec government is contributing $85 million. Premier François Legault and Economy Minister Pierre Fitzgibbon unveiled the project Tuesday during an annual […]

WestJet is pushing back its planned integration of Sunwing Airlines, which the Calgary-based carrier acquired last year. In an email, WestJet said it will weave the discount airline’s fleet into its own by April 27, 2025, six months after the integration date initially set for this October. Rick Jones, WestJet’s interim head of route planning, […]

OpenAI says it plans to halt the use of one of its ChatGPT voices after some users said it sounded like Scarlett Johansson, who famously voiced a fictional, and at the time futuristic, AI assistant in the 2013 film Her. In a post on the social media platform X Monday, OpenAI said it is “working […]

Dr. Ryan Redgrave isn’t a dying breed, but his kind aren’t as common as they once were.  You see, Redgrave is an independent vet.  “It’s a busy job in and of itself,” he said, “and the running of a small business is challenging.” Redgrave owns Weste Animal Hospital in Lawrencetown, N.S., near Halifax.   After working […]

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. Would you sign a gag order to get compensation from your bank? Guanghu Cui of Oakville, Ont., refused to sign a non-disclosure agreement to get financial compensation in a dispute with his […]

Taking a trip to Europe to see Taylor Swift perform may not seem like an intuitive financial decision — but tickets to a concert in Canada are so expensive some fans are finding that’s a better deal. Bryan Kingston couldn’t believe it when he snagged floor seats to an upcoming show in London, U.K., for $500 […]

Susan Dennison recently had an unsettling experience at her local grocery store, a Loblaw-owned Fortinos in Burlington, Ont. Just as she was leaving, the wheels on her shopping cart locked up — making it immobile.  She said a store employee rushed over and demanded to see her receipt.  “I felt like I was ambushed,” said Dennison, […]

Quebec wants to boost transparency around gas prices. The province will force gas stations to report their prices to the government, and it’s going to publish them online.  Pierre Fitzgibbon, Quebec’s economy minister, made the announcement on Thursday as he revealed a government-commissioned study that recommended making some changes to how Quebec regulates gas stations.  The […]

Canada’s industry minister says Ottawa is “considering all measures” after the U.S. announced it would be hiking tariffs on Chinese electric vehicles and other related goods. François-Philippe Champagne wouldn’t rule out Canada imposing similar tariffs during an interview with CBC News Network’s Power & Politics on Friday. “It’s fair to say that everything is on the […]

Taking a trip to Europe to see Taylor Swift perform may not seem like an intuitive financial decision — but tickets to a concert in Canada are so expensive some fans are finding that’s a better deal. Bryan Kingston couldn’t believe it when he snagged floor seats to an upcoming show in London, U.K., for $500 […]

Loblaw Companies Ltd. said Thursday it’s ready to sign on to the grocery code of conduct, paving the way for an agreement that’s been years in the making. After six months of negotiations, Loblaw president and CEO Per Bank said the retailer is now ready to sign as long as other industry players do too. “The […]

Shoppers may find themselves doing a double take in the olive oil section of their local grocery stores these days, as industry analysts say prices have reached a record high. Prices for extra virgin olive oil in stores across Canada have increased an average 25.6 per cent since January alone, ranging from $13.99 to $24.99 per litre nationwide, according to data collected […]

The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to separate sets of numbers released today by the Canada Mortgage and Housing Corporation (CMHC) and the Canadian Real Estate Association. The CMHC, […]

Tech giant Google has announced upgrades to its artificial intelligence technologies, just a day after rival OpenAI announced similar changes to its offerings, with both companies trying to dominate the quickly emerging market where human beings can ask questions of computer systems — and get answers in the style of a human response. It’s part of […]

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they […]

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. The three banners, which are owned by the New York-based Authentic Brands Group (ABG), represent 25 stores in Canada.  Matthew Butler, a spokesperson representing Ted Baker Canada, confirmed […]

The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of three quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social media platform X, formerly Twitter, of a man sitting […]

FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. FTX said in a court filing late Tuesday that it owes about $11.2 billion US to its creditors. The exchange estimates that it has between $14.5 […]

Ravindra Kumar finds great pleasure in sharing a glass of whisky with his friends at his bar when they visit his home in Brampton, Ont. He has a fondness for all types of whisky, including those from his homeland of India.  However, he’s frustrated by the limited availability of Indian whisky at his local Liquor […]

Two days after Ashley Thomassen gave birth to her first baby, she and her husband checked into a Toronto hotel.  Not just any hotel.  For the next two weeks, they had 24/7 help acclimating to life as new parents. When they needed help breastfeeding, a staffer appeared in minutes. When they needed rest, they could […]

Prominent business groups are backtracking on their claim that one in five Canadians would be affected by the federal government’s proposed changes to capital gains taxation. In a letter sent to Finance Minister Chrystia Freeland today, the Canadian Chamber of Commerce and other groups said the government’s assertion that only the wealthiest Canadians will be […]

With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada.  Is CEO Stephen Jones nervous? “Not at all, we’re going to have a great summer,” said Jones, speaking to CBC News on the sidelines of the CAPA Airline Leader Summit in […]

The Canadian economy gained 90,000 jobs in April, much higher than the average of 20,000 jobs many economists were predicting for the latest Labour Force Survey numbers from Statistics Canada. The federal agency pinned the increases in employment on part-time work, with more than 50,000 more of those types of positions. There were more jobs in […]

Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data. CBC obtained figures from Immigration, Refugees and Citizenship Canada (IRCC) showing the fields of education chosen […]

From its pop-art iPod commercials to its celebrity-led Mac vs. PC campaign, Apple hasn’t had many marketing missteps to its name. But a controversial ad for the company’s latest iPad model has critics railing against the tech giant for what they say is a slight against artists and the creative community — a demographic once drawn to […]

Russian President Vladimir Putin was sworn in for his fifth term in office this week, even as his country is beset by sanctions, bogged down in a years long war in Ukraine and cut off from capital markets. But Putin has found a series of workarounds that have helped bolster growth, funded his country’s war effort […]

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent, on Wednesday. Its shares on the Toronto Stock Exchange hit their lowest in six months and the company was on track to lose $25 billion […]

The U.S. Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 Dreamliner planes. Boeing said its engineers have determined that misconduct did not create “an immediate safety of flight issue.” In an email to […]

TikTok and its Chinese parent company, ByteDance, are suing the U.S. over a law that would ban the popular video-sharing app unless it’s sold to another company, arguing that it relies on vaguely painting it as a threat to national security to get around the First Amendment. The widely expected lawsuit filed on Tuesday may be setting […]

Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Marianne Blondin confirmed in an email that the Competition Bureau “has commenced an investigation under the Competition Act into the alleged deceptive marketing practices.” “There is no conclusion of wrongdoing at this time,” she wrote. “As the Bureau is […]

Hundreds of Nestle workers are off the job Monday after rejecting a tentative agreement the union reached with the chocolate maker. Unifor issued a statement saying its 461 members who work as machine operators, bar packers, shippers and receivers, general labourers and in the skilled trades at the Toronto Nestle plant chose to go on strike […]

For years, cable TV has bled viewers and subscribers to streaming giants like Netflix, Apple and Amazon. Now, those same companies are vying to stream live sports, one of the last lines of defence when it comes to audiences paying big bucks for traditional cable packages. AppleTV+ has a 10 year, multibillion-dollar deal to stream MLS soccer matches and also streams […]

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Each province has released their budget for the upcoming year and collectively are facing higher spending and record-size debt. Alberta and New Brunswick are the only provinces to publish balanced budget projections compared […]

TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank of Canada analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD […]

WestJet has issued a 72-hour lockout notice to the union representing the Calgary-based airline’s mechanics. The notice paves the way for a work stoppage to begin on Tuesday. Last week, the Aircraft Mechanics Fraternal Association (AMFA), which represents the carrier’s aircraft maintenance engineers, announced that members would begin taking a strike vote on May 2. […]

Canada Post said Friday its financial situation is so grim it could run out of operating funds in less than a year, after the Crown corporation posted another whopping pre-tax loss of $748 million in 2023. In its annual report released late Friday afternoon, the company predicts “larger, unsustainable losses in future years” without major […]

Location. Costs. Time and convenience. There are many reasons that people aren’t participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer. The boycott was started by a Reddit group with about 70,000 members called “Loblaws is out of control.” It calls for shoppers to avoid the retailer’s Loblaws stores, along with its offshoot […]

With some Canadians struggling to afford groceries, and as frustrations with corporate profits boil over and manifest as boycotts, the federal government says it’s trying to coax international grocers to set up shop in Canada. During a Tuesday media conference, Industry Minister François-Philippe Champagne told reporters that he continues “to look at whether there are foreign deep-discounters that […]

London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident.  A statement from the Richmond, B.C.-based pharmacy and retail chain also says Canada Post offices inside its stores are up and running again. The company closed all of its stores across Western Canada until further notice after […]

Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover).  The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within […]

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. The company’s quarterly profit was $459 million, marking a 9.8 per cent increase. Earnings per share were $1.72 […]

The Canadian economy grew a modest 0.2 per cent in February, with early estimates for March indicating little change to the GDP, Statistics Canada said on Tuesday. The February figures were a tick lower than analysts expected. The economy had a strong January, growing 0.5 per cent (downwardly revised from 0.6 per cent). That was largely thanks to a rebound in […]

All London Drugs stores remained closed across Western Canada on Tuesday morning, two days after the B.C.-based company announced it was dealing with a “cybersecurity incident.” A statement issued by the company at 7:20 a.m. PT Tuesday said its stores “will remain temporarily closed … until further notice while continuing to provide customers with urgent pharmacy care.” […]

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies […]

Immigration Minister Marc Miller says international students will be able to work off-campus for up to 24 hours per week starting in September. The Liberals temporarily waived the 20-hour cap on work hours for international students during the COVID-19 pandemic in a bid to ease labour shortages. That waiver expires Tuesday. “Looking at best practices […]

Enormous investments in EV technology shook the automotive industry in both Canada and the U.S. this week. Honda promised to spend $15 billion in Ontario on Thursday morning. Toyota unveiled new investments in Indiana that afternoon, bringing its total spending on EVs in that state to $8 billion US. “In Canada, our target is that 100 […]

Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward […]

The federal government has begun imposing financial sanctions on Canada Life after months of outcry from public servants, retirees and their families who were left fighting for medical claims to be covered. Public Services and Procurement Canada (PSPC) said it “is taking steps to address startup delays faced by Canada Life and has begun to apply financial consequence […]