Category: Business

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect […]

Nearly nine million Canadians lived in food insecure households in 2022, with 22.9 per cent of the population reporting some form of food insecurity, according to a Statistics Canada report released Friday. The data agency wrote in its annual Canadian Income Survey that 8.7 million people lived in households that reported some kind of food insecurity. […]

The owners of Ted Baker’s Canadian operations have filed for creditor protection in a bid to help the retailer get enough “breathing room” to decide whether to liquidate and wind down the business or pursue other unspecified alternatives. In court filings Wednesday, lawyers for the ownership group — OSL Fashion Canada Inc. and OSL Fashion […]

Downtown Toronto is a long way from most communities where the federal government’s Indigenous loan guarantee program will be put into action, but it’s where the buzz about the new $5-billion program could be heard this week. “I’m excited,” said Robert Michell, Chief of the Stellat’en First Nation in central B.C., “it changes the game.”  “It’s huge […]

Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle […]

A new study documenting the scourge of plastic waste around the world has found that more than half of branded plastic pollution can be traced back to just 56 companies. More than 20 per cent of all branded pollution is linked to four brands: The Coca-Cola Company (11 per cent), PepsiCo (five per cent), Nestlé […]

The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal. Police say Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and fraud last month. The police […]

Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. […]

Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X to take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire internet.” At a hearing overnight, Australia’s Federal Court ordered X, formerly called Twitter, to […]

British Columbia Seamus O’Regan says workers and businesses need “long-term solutions” and the inquiry commission will present its findings next spring.  Seamus O’Regan says workers and businesses need ‘long-term solutions’ to disputes CBC News · Posted: Apr 22, 2024 6:57 PM EDT | Last Updated: 9 hours ago Striking port workers from the International Longshore […]

A Quebec-based union says it has filed an application to represent hundreds of Amazon workers at a warehouse in the province. The Confédération des syndicats nationaux (CSN) says the application it made with the Administrative Labour Tribunal is to represent 200 employees at Amazon’s DXT4 warehouse in Laval. The union, which represents 330,000 workers across […]

In her budget speech to the House of Commons on Tuesday, Finance Minister Chrystia Freeland took a moment to celebrate the finishing touch on expansion of the Trans Mountain oil pipeline. The controversial project has been plagued by delays and massive cost overruns, but Freeland instead focused on its completion, highlighting the: “talented tradespeople and the brilliant […]

The federal government’s budget proposal to increase the inclusion rate for the capital gains tax for people whose profits go past a certain threshold has drawn mixed reactions from experts, entrepreneurs and taxpayers. One asset affected by these changes is real estate, including cottages and investment homes. The change proposed in the Trudeau government’s new […]

Federal budget references to mortgage products aimed at Canadian Muslims have members of the community celebrating, along with the mortgage providers that look to serve them, despite a lack of detail from the government on what is to come. In Tuesday’s budget documents, the federal government indicated that it’s “exploring new measures to expand access” to financing […]

Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause the vehicle to accelerate unintentionally, increasing the risk of a crash, the auto safety regulator said […]

Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault. Tuesday’s federal budget promised to amend the Financial Administration Act to ensure that government payments accepted for deposit at Canadian banks will carry […]

A once-sealed affidavit filed with the Tax Court of Canada and obtained by The Fifth Estate details how alleged scammers tricked the Canada Revenue Agency and made off with $37 million of taxpayers’ money. In the document, a litigation officer with the Canada Revenue Agency alleges that Toronto-area company Gold Line Telemanagement made “material misstatements” […]

Google said on Thursday it has terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. The Alphabet unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations. “Physically impeding other employees’ work and preventing them from accessing our facilities […]

A technical error by Tim Hortons led coffee drinkers across Canada to falsely believe they had won a $55,000 boat as part of the franchise’s Roll Up To Win promotion. It’s unclear how many people were impacted, but the chain told CBC Hamilton in an email it was an “unfortunate error” and some customers were sent an […]

Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates? The budget lays out plans to spend nearly half a trillion dollars in taxpayer money. The new spending in the document is modest by comparison — $52.9 billion. […]

The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine print to find measures for young renters who can’t buy a home — or just don’t want to. In her budget document, Finance Minister Chrystia […]

Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase. The federal agency’s consumer price index for March 2024 saw a 2.9 per cent increase compared to the year before. In February, that measure was at 2.8 per cent, so while March saw an […]

Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page. “Our numbers are growing and we’re reaching more and more people every day,” said Ballingall, who publishes up to […]

General Motors plans to move its iconic Detroit headquarters to a new downtown office tower and redevelop its home office site, a person briefed on the plans said. The company has scheduled a news conference Monday afternoon with the Bedrock real estate firm to announce the plans, the person said. In addition, Bedrock, which owns […]

Elizabeth Bernas and her husband had planned to use the proceeds from their home sale to renovate their new house in Ajax, Ont., to pay for their children’s university tuition and to go on a family vacation. But before they could, they say someone accessed their Bank of Montreal account without authorization in late 2022 and […]

Like a lot of Canadians, Alan Hong and his wife bought a trailer in 2020. Air travel was out of the question because of pandemic restrictions, and it made sense to spend time and money exploring the great outdoors.  But now, they’re looking to get off life on the open road and get back in […]

As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians’ viewing habits away from traditional TV. Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often combative exchanges at a meeting of the House of […]

Although Loblaw has now reinstated its popular 50 per cent discounts on perishable food, some customers say they still feel shortchanged.  That’s because more than 100 Real Canadian Superstores owned by Loblaw continue to discount all food nearing its best-before date by only 30 per cent. “I was disappointed,” said Kim Siever when he recently visited his […]

Day 69:34A small business owner resists Momofuku’s bid to trademark Chili Crunch Celebrity chef David Chang says he will no longer enforce the trademark for his chili crunch condiment.  The reversal comes after days of criticism, as some said his company, Momofuku, had attempted to bully business owners from selling their own version of the […]

The housing market could soon get “interesting,” economists say, as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and Market Forecast, Royal LePage is forecasting that the aggregate price of a home in Canada will increase nine per cent in the fourth […]

The B.C. Labour Relations Board will consider certifying unions at two Amazon warehouses in a hearing Tuesday. Unifor, Canada’s largest private sector union, began a card-signing drive last summer citing labour laws favourable to unions in the province. If certified, Unifor says, this would be the first successful unionization effort for Amazon workplaces in Canada. Unifor western director Gavin McGarrigle said “hundreds […]

Elizabeth Bernas and her husband had planned to use the proceeds from their home sale to renovate their new house in Ajax, Ont., to pay for their children’s university tuition and to go on a family vacation. But before they could, they say someone accessed their Bank of Montreal account without authorization in late 2022 and […]

The Biden administration has weighed in for the first time on a major cross-border legal dispute that could shut down portions of Enbridge’s Line 5 Canada-U.S. oil pipeline. The opinion came in an amicus brief that, although nuanced, argued against shutting down the pipeline, partly in order to preserve diplomatic relations with Canada. The more than 1,000-kilometre long […]

The U.S. Federal Aviation Administration (FAA) is investigating a Boeing whistleblower’s claims that the company dismissed safety and quality concerns in the production of the planemaker’s 787 and 777 jets, an agency spokesperson said on Tuesday. Boeing engineer Sam Salehpour’s allegations stem from work on the company’s 787 and 777 jets. He said he faced […]

Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. The settlement was made on the eve of the trial over the high-profile accident involving Tesla’s driver-assistant technology. Tesla faces a […]

The Grand Slam of Curling, the tour elite series featuring the best men’s and women’s teams from across Canada and around the world, has been purchased by a new sports business venture group. The Curling Group, led by chief executive officer Nic Sulsky, has purchased ownership and operations of the Grand Slam of Curling from […]

An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration (FAA) to open an investigation. No one was injured and Southwest Flight 3695 returned safely to Denver International Airport around 8:15 a.m. MT (10:15 a.m. ET) on Sunday […]

RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. In a statement released Friday evening, RBC says it recently became aware of allegations involving Ahn and launched an internal review, while also consulting external legal counsel to investigate. It says the probe found […]

Canada’s largest bank has reversed course on a policy to disclose how much it invests in green energy versus fossil fuel energy following demands from New York City’s large public pension funds, with environmental groups welcoming the move but pointing out it doesn’t actually reduce carbon emissions yet. The Royal Bank of Canada (RBC) is one of three […]

Procter & Gamble (P&G) is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada due to a defect in the products’ child-resistant packaging. According to Friday notices from both P&G and product-safety regulators in the U.S. and Canada, the outer packaging meant to […]

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment. Nareshan, who lives in Ottawa, has applied for dozens of positions since May — mostly in software engineering and optics. While he’s made it through multiple rounds of interviews, including elaborate proficiency testing, he hasn’t yet found […]

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027. Ford announced plans last year to spend $1.8 billion to […]

Disney’s streaming service will start cracking down on password-sharing in June, chief executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business. Iger also said there was a need for some consolidation in the streaming industry and Disney was eventually looking at double-digit margins in […]

Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. […]

Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in cash for the stake in Indigo they do not […]

WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday, increasing the prospect of headwinds after a bumpy year for the airline’s owner. Aviators at WestJet’s regional carrier voted 97 per cent in favour of strike authorization after contract talks around pay, schedules and career progression […]

A federal proposal to include rental payments in calculating credit scores might help some Canadians move into home ownership, but it could have consequences on renters who are already struggling with rising costs. One measure of the proposed Canadian Renters’ Bill of Rights, announced last week by Prime Minister Justin Trudeau, would use timely rental […]

When the recall notice came in the mail, Michele Ashenden and her husband Vittorio Pulcini knew it was serious. The words “Urgent Vehicle Recall” in red letters were sprawled at the top, along with a warning that a defective fuel pump on their truck could lead to sudden loss of power and a crash. Ashenden […]

The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms […]

One of the latest volleys in the multibillion-dollar fast food wars started with a late night on Karan Suri’s TikTok. A&W’s director of menu development was scrolling his phone when he came across the “pickle girl” trend that was making the rounds last year, with women (and one very loud and adorable three-year-old) showing their love for preserved […]

Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming what they describe as unreasonable constraints in the company’s licensing agreements for lower-than-expected profits. In a lawsuit filed in Quebec Superior Court on Thursday, 16 companies with Tim Hortons franchise licences allege the TDL Group Corp.’s contracts “place it in a position […]

B.C.’s director of civil forfeiture has filed an unexplained wealth order in an attempt to seize a quarter-million dollars in cash, 45 gold bars, luxury watches and jewelry that were contained in a safety deposit box belonging to the co-founder of a notorious B.C.-based cryptocurrency exchange scam. Documents filed in B.C. Supreme Court say the items are the proceeds […]

The cost of selling a home in the United States may be about to change dramatically. A real estate trade group has agreed to a landmark deal to drop what was once a cornerstone of the industry: the six per cent sales commission paid to agents. In Canada, two lawsuits filed against various real estate bodies […]

If chocolate is your pleasure, you’ve undoubtedly noticed it costs more these days to get your fill. You can thank the scarcity of cocoa for that. The majority of it grows in West Africa, where drought and disease have severely reduced crop yields. As a result, the cost of cocoa has tripled in the last […]

Four major Ontario school boards are taking some of the largest social media companies to court over their products, alleging the way they’re designed has negatively rewired the way children think, behave and learn and disrupted the way schools operate. The public district school boards of Toronto, Peel and Ottawa-Carleton, along with Toronto’s Catholic counterpart, are looking for […]

The Canadian economy grew 0.6 per cent in January, the fastest growth rate in a year, while the economy likely expanded 0.4 per cent in February, Statistics Canada said Thursday. The rate was higher than forecasted by economists, who were expecting GDP growth of 0.4 per cent in the month. December GDP was revised to a 0.1 per […]

Former crypto mogul Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in the 2022 collapse of FTX, which once was one of the world’s most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted on seven charges in November related to fraud and conspiracy. A jury found that Bankman-Fried […]

Allies of Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort’s government by the Florida governor. In a meeting, the DeSantis-appointed members of the board of the Central Florida Tourism Oversight […]

The Facebook poke is having a moment, thanks to a new generation discovering what some argue is the social media site’s most annoying feature. There’s been a 13-fold spike in poking on Facebook in the past month, the company announced in a post last week. More than half the pokes are coming from people age […]

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the Toronto-based business focus on efficiency and key brand, design […]

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only grow so […]

Discount retailer Giant Tiger says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, said it would not name the vendor on Monday but said Giant Tiger uses the company to manage its customer communications and engagement. Giant […]

Toronto Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory listed among 14 proposed management nominees for company’s annual meeting The Canadian Press · Posted: Mar 25, 2024 11:46 AM EDT | Last Updated: 1 hour ago Tory’s return to the Rogers board comes after sisters […]

For anyone who has flown with United Airlines over the last year or so, you’ve likely seen the in-flight video promoting the company’s first Chief Trash Officer — Oscar the Grouch. It’s all part of a marketing campaign to promote the airline’s ambitions to use more sustainable aviation fuel (SAF) in the future. SAF is biofuel […]

Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags. The company says an estimated 10,285 Dodge Charger and Chrysler 300 sedans between 2018 and 2021 have been recalled to replace their side airbag inflator, which can explode with too much force and hurl metal fragments at drivers and […]

After Benjamin Vassalle hit a deer during a nighttime drive in northern Ontario in January, he and his partner knew that repairing their damaged electric vehicle would come at a cost. Yet when their insurance company sent the car to an independent garage, the vehicle stayed there untouched for weeks — because the mechanic didn’t have the parts […]

Is there a good way to lay off a remote worker?  Four years after remote work became the norm for a huge section of the labour force, it appears some companies are still struggling with the etiquette of letting someone go virtually. And amid a gradually cooling labour market and mass layoffs in several sectors, such as media and the tech industry, it’s […]

The head of the world’s largest energy company on Monday urged the world to accept the “hard realities” that oil and natural gas will be around for a long time to come and consumption of both sources of energy is likely to grow for at least the next decade or two. In a speech at a […]

Several automakers are pulling back on plans to expand the amount of electric vehicles they produce in response to slowing sales that aren’t expected to hit previous forecasts. At the same time, more models are coming to market and overall sales continue to grow year after year. That’s why there’s a mix of both optimism and […]

Canadian clothing maker Gildan Activewear said on Tuesday that its board has decided to put the company up for sale following a review by a special committee. The embattled Montreal-based company says it received a non-binding expression of interest from a potential purchaser that it did not name. It mandated investment banks RBC Capital Markets and Goldman Sachs Group […]

Canada’s annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year’s early progress. Rent and mortgage interest costs continued to be primary […]

The chief executives of Canada’s three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on Monday, noting that increased data usage and high spectrum costs may be some reasons Canadians feel otherwise. The three CEOs — Rogers Communications Inc.’s Tony Staffieri, BCE Inc.’s Mirko Bibic and […]

February home sales dipped 3.1 per cent while home prices stayed flat from the previous month, according to the Canadian Real Estate Association (CREA). Home sales jumped 19.7 per cent from a year ago, according to CREA. The increase in part reflected weakness last year, as the result for February 2023 was one of the lowest for the […]

Cost of Living8:32Why don’t cars have purse holders? Women represent 50 per cent of the drivers on the road and are said to decide the majority of vehicle purchases.  Yet when they get behind the wheel there is nowhere to put a purse.  “The male-dominated designers haven’t made it a priority,” said Sam Fiorani, an […]

In Frontier, Sask., a town of fewer than 400 people, the Honey Bee Manufacturing plant looms large at 120,000 square feet. The business, which makes headers and swathers, has grown from a two-man family operation to a manufacturer that employs roughly 200 people and ships agricultural attachments all over the world.  But Honey Bee is […]

The federal Liberals say they ordered a national security review of popular video app TikTok in September 2023 but did not disclose it publicly. “This is still an ongoing case. We can’t comment further because of the confidentiality provisions of the Investment Canada Act,” a spokesperson for Industry Minister Francois-Philippe Champagne said this week. “Our government has […]

Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health.  The TD employee says she’s usually not acting in the best interest of her clients — she’s trying to sell them products that will help her meet sales targets and keep her from being […]

The pace of new home construction climbed 14 per cent in February compared to the previous month, Canada Mortgage and Housing Corp. said on Friday, but the industry continues to struggle under cost pressures. The national housing agency says the seasonally adjusted annual rate of new home construction — also known as housing starts — amounted to 253,468 […]

McDonald’s said on Friday a technology outage had disrupted operations at many of its outlets worldwide, including in Japan, the United Kingdom and Australia, but it ruled out the possibility of a cybersecurity incident. Many McDonald’s restaurants in Japan stopped taking in-person and mobile customer orders because of the system disruption, a spokesperson at McDonald’s Holdings […]

Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker. Despite some public displays of alarm — United Airlines CEO Scott Kirby flew to France to […]

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 U.S. stores after slashing the value of a rival chain it acquired almost a decade ago. Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year, along with 370 Family Dollar and 30 Dollar Tree stores over […]

The U.S. Congress has moved a big step closer to a crackdown on a popular platform that could have far-reaching implications for social media in the country. It involves a bill with major implications for the fast-growing site TikTok, renowned for addictive videos and used by hundreds of millions around the world, including millions in […]

In an attempt to combat theft at its stores, Loblaw is testing receipt scanners at four of its locations, the grocery giant told CBC News.  Customers who go through self-checkout must use the device to scan their receipt’s barcode — confirming that they paid something — which opens a metal gate, letting them leave.  Loblaw didn’t provide […]

John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to raise […]

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. The consumer price index (CPI) rose 0.4 per cent last month after climbing 0.3 per cent in January, the Labour Department’s Bureau of Labour Statistics […]

Airbnb said Monday that it’s banning the use of indoor security cameras in listings on its site around the world by the end of next month. The San Francisco-based online rental platform said it is seeking to “simplify” its security-camera policy while prioritizing privacy. “These changes were made in consultation with our guests, hosts and […]

Women are a minority in Canadian boardrooms and the “glacial” pace of progress means it could take decades to reach gender parity, according to a report released this week by the Canadian Chamber of Commerce. “Our daughters, our granddaughters, would not see a world where they are ultimately equitable … and that’s just not reasonable when […]

The Montreal company that operates the Just for Laughs comedy festival has cancelled the 2024 edition of the event after filing a notice of intention to make a proposal to creditors — a formal process under Canada’s Bankruptcy and Insolvency Act.  Seventy-five people were laid off Tuesday morning, according to a festival spokesperson, who called the company’s financial […]

Meta Platforms said it resolved issues with Facebook and Instagram on Tuesday afternoon following a global outage that hit the sister social media platforms, affecting hundreds of thousands of users. The disruptions started at about 10 a.m. ET, with many users saying on rival social media platform X, formerly Twitter, that they had been booted out of Facebook and Instagram and were unable to log in. There […]

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of what’s been happening for a while now as the impacts of higher interest rates and inflation continue to weigh on consumers, said Rebecca Oakes, vice-president […]

The Bank of Canada has held its key interest rate at five per cent again, saying that it’s still too soon to consider rate cuts while underlying inflation persists. Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips […]

If you’ve been working from home or saving up to buy your first property, here are some changes you should know.

The Canadian economy added 41,000 jobs in February as employment gains continue to lag strong population growth in the country. The federal agency’s labour force survey released Friday says the unemployment rate rose to 5.8 per cent. Job gains were spread across several industries in the services-producing sector, with the strongest employment growth in accommodation and […]

Today, the Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada (FNBC) announced the signing of a $100-million deal to help Indigenous communities borrow money to build infrastructure. For decades, Indigenous leaders and business experts have said limited access to affordable loans with flexible terms have held back important development projects in Indigenous communities […]

The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the last two years of pain and progress. “We don’t want to keep monetary policy this restrictive for longer than we have to. But nor do […]

A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the U.S. Justice Department said Wednesday. Linwei Ding, a Chinese national, was arrested in Newark, Calif., on four counts of federal trade secret theft, each punishable by up to […]

Flair Airlines chief executive Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative merger fell through when Lynx shut down last month. In a phone interview, Jones said the Boeing 737 Max 8s are the same model that comprise the bulk of his 20-plane fleet […]

Politics Canada’s financial intelligence agency says it has been hit by a cyberattack. Agency takes corporate systems offline to protect data The Canadian Press · Posted: Mar 05, 2024 2:50 PM EST | Last Updated: 7 hours ago Canada’s financial intelligence agency says it has been hit by a cyber attack. (Graeme Roy/The Canadian Press) […]

Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than $128 million US in unpaid severance payments. Twitter’s former CEO Parag Agrawal, chief financial officer Ned Segal, chief legal counsel Vijaya Gadde and general counsel Sean Edgett claim in the lawsuit filed Monday that […]

The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell […]

The European Union levelled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion US for breaking the bloc’s competition laws by unfairly favouring its own music streaming service over rivals.  Apple muzzled app developers from telling users where they could go to pay for cheaper music subscriptions instead […]

After spending big in a pre-election budget 12 months ago, Alberta Premier Danielle Smith is now pulling a 180-degree turn to focus on saving as the theme of Thursday’s budget, which was centred on penny-pinching and the need to stash away the province’s oil and gas wealth for future generations. There is a long history […]

Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not for profit. The lawsuit filed late on Thursday in San Francisco puts the billionaire at loggerheads with the startup that he co-founded and is now the […]

The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted applications to the program is midnight ET on March 21, 2024, according to the CMHC’s website. Launched in 2019, the plan was meant to help reduce monthly mortgage payments […]

11 hours ago News Duration 4:14 After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians are starting to ask: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its goals and what we know about when rates could start to come […]

The Body Shop Canada will close nearly a third of its stores and end online sales as it seeks creditor protection, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced Friday. A court filing showed the company owes more than $3.3 million to unsecured creditors and about $16,400 to secured creditors. The company did not say how many […]

It comes as no surprise to some industry experts: Air Canada hiked its first checked-bag fee by $5 for economy-type fares this week, shortly after WestJet made the same move.  “It’s a business,” said Karl Moore, an associate professor with McGill University’s faculty of management. “You’re leaving money on the table if you don’t do […]

Former talk show host Oprah Winfrey is leaving the WeightWatchers board of directors and donating millions of dollars in the weight management firm’s stock to charity, the company said Thursday, sending its stock tumbling in early trading. The exit of the media icon and celebrity shareholder, who has been a board member since 2015, comes at a […]

Cineplex Inc. has made almost $40 million from online booking fees, which are central to a competition bureau lawsuit against the Canadian cinema chain. An agreed statement of facts filed in the case before the Competition Tribunal shows Canada’s largest theatre owner made more than $11.6 million in the six months after the fees were […]

The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion. That’s according to a regulatory filing Trans Mountain Corp. provided to the Canada Energy Regulator on Monday. It represents the latest in a series of cost increases […]

Rohith Krishnan was “bummed” when he found out he’s not getting paid for the extra day of work during leap years.  Employers typically pay their salaried workers the same yearly amount, whether the calendar year has 365 or 366 days, unless the contract states otherwise. As a result, the average salaried worker is potentially losing […]

Craving a Frosty? Better get it on a slow day if you’re going to a Wendy’s that’ll be testing surge pricing in the U.S. The company recently announced the move for some locations as part of its new digital menus to be launched next year. Known as “dynamic pricing,” the cost of menu items — like the fast-food […]

The Alberta government’s seven-month ban on new large-scale wind and solar power projects will end this week, but the province is unlikely to return to its previous status as a hotbed of investment. Alberta is known for its sunshine and strong winds, especially in the southern region of the province. Those conditions combined with a deregulated […]

Ask John Wildenborg if he thinks Canadians will be paying more for steak during future barbecue seasons, and the owner of Calgary specialty butcher shop Master Meats doesn’t hesitate. “Prices are definitely going to go higher, no ifs, ands or buts about it,” he said. “It keeps me up at night, actually, thinking about coming […]

Here’s the good news: Airfares have declined in Canada. The bad news? You might wind up paying more in added fees. WestJet and several U.S. airlines recently hiked their checked bag charges. Discount carrier Flair Airlines has raised some other fees, and added a surcharge when customers pay for their flight with a credit card.  Airlines often say they “unbundle” […]

In a blockbuster seafood deal, St. John’s-based Ocean Choice International (OCI) has sold its Canadian offshore scallop quota — worth an estimated $200 million — to three Nova Scotia companies. Ocean Choice held 16.77 per cent of the offshore scallop quota, which is fished mostly on Georges Bank off southern Nova Scotia. A key driver in […]

Day 65:22A romance bookstore owner explains the fairy-driven frenzy pushing romantasy books to record sales If you’ve been on TikTok or in a bookstore lately, you’ve probably noticed the buzz around the hashtag #romantasy, or of titles like House of Flame and Shadow, Iron Flame and Trial of the Sun Queen. Romantasy, a subgenre that […]

Less than two years after entering the market, Lynx Air is winding down operations, making the Calgary-based airline the latest in a long line of Canadian discount carriers that have failed to take off. The company — which rebranded from “Enerjet” in 2021 — cited rising operational costs, high fuel prices, unfavourable exchange rates, increased airport charges and […]

Technology giant Nvidia is hitting new heights thanks to demand for products connected to artificial intelligence, leading the chipmaker to a market value that this week approached that of the entire Canadian economy. The California-based company briefly hit $2 trillion US in overall value, or market capitalization, for the first time on Friday, riding on insatiable demand for its semiconductors and chips. […]

Did Subway discontinue yellow mustard in Canada? That’s the chatter online, as franchise owners on Reddit, customers on X and Facebook, and a notice sent out to parents of a school lunch program all allege the sandwich chain has stopped offering a beloved Canadian condiment. On Thursday, some parents of children at a school in Kingston, Ont., received an email notice.  “Subway will not be able to provide the […]

Lynx Air, a Calgary-based airline that launched less than two years ago with a promise to make air travel more affordable for Canadians, says it will cease operations on Monday. The news came as the low-cost airline announced it had sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta. “Over […]

The head of Vice Media Group has informed employees that the company will stop publishing content on Vice.com and will be cutting “several hundred” positions. A memo from Vice CEO Bruce Dixon, which was sent to staff on Thursday, explains that restructuring changes are being made “to adapt and best align our strategies to be more competitive in the long […]

Dollarama customers who purchased products subject to an eco fee — such as batteries, electronics, light bulbs or toys with batteries — may be eligible to claim a gift card. The Montreal law firm of LPC Avocats Inc., announced Tuesday that the proposed national settlement has been reached in a class-action lawsuit about prices advertised and charged by Dollarama […]

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority […]

Canada’s annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, Statistics Canada said Tuesday. Economists were expecting the rate to come in at 3.3 per cent. Gas prices fell four per cent year over year in January after driving headline inflation up to 3.4 per cent in December, due to […]

Renters are more likely to report a lower quality of life than homeowners, especially in Vancouver and Toronto, according to survey results over the last few years from Statistics Canada. In 2021 and 2022, renters were over 15 percentage points more likely to report difficulty meeting financial needs and over 11 percentage points less likely to report high overall life […]

After the pandemic hit in 2020, some business owners and households were hard hit financially as a result of lockdown measures. But at the same time, many Canadians saw their bank accounts grow because of their reduced spending. Those savings ballooned to over $300 billion and became so large that economists expected there would be […]

Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season. Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA). Most Canadians must file their tax return by April […]

January home sales jumped 22 per cent compared with a year ago, the largest year-over-year increase since May 2021, according to The Canadian Real Estate Association. The association says the increase reflected weakness last year, which saw the worst start to almost any year in the past two decades. Home sales in January 2024 were […]

WestJet chief executive officer Alexis von Hoensbroech apologized Thursday for incidents where the airline failed to accommodate people living with disabilities, saying he hopes to improve travel accessibility. “To our guests who didn’t have a good travel experience with us, we are sincerely sorry, and we are committed in doing better,” von Hoensbroech said during a House of Commons transport committee […]

The maker of ChatGPT on Thursday unveiled its next leap into generative artificial intelligence with a tool that instantly makes short videos in response to written commands. San Francisco-based OpenAI’s new text-to-video generator, called Sora, isn’t the first of its kind. Google, Meta and the startup Runway are among the other companies to have demonstrated […]

Toronto Court documents show the discount electronics and home goods retailer wanted to close its 14 stores in the province because it has found the business is “no longer viable.” Discount retailer says business is ‘no longer viable’ The Canadian Press · Posted: Feb 16, 2024 11:43 AM EST | Last Updated: February 16 Vaughan, […]

Cost of Living4:46Points taken When April Canavan’s inbox was suddenly flooded with emails in December, she knew something had gone wrong. The Vancouver woman found herself subscribed to mailing lists she’d never signed up for, along with emails saying she’d just redeemed PC Optimum points at a grocery store halfway across the country. Within about 25 […]

Lisa and Dave Parsons were in Jamaica for their son’s destination wedding, a week-long dream vacation that was picture perfect — until they unpacked their bags. Travelling with 40 wedding guests from Ocho Rios, Jamaica to Lindsay, Ont., on Monday, the couple says that nearly half the group had expensive gadgets, fragrances and clothing stolen […]

New home construction in Canada fell by 10 per cent in January compared to December, as fewer multi-unit urban homes, such as townhouses, were built, according to the country’s national housing agency. The Canada Mortgage and Housing Corporation said Thursday that housing starts came in at 223,589 units in January, down 25,379 from December. Many […]

Air Canada has been ordered to pay compensation to a grieving grandchild who claimed they were misled into purchasing full-price flight tickets by an ill-informed chatbot. In an argument that appeared to flabbergast a small claims adjudicator in British Columbia, the airline attempted to distance itself from its own chatbot’s bad advice by claiming the online tool […]

The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. According to data released Wednesday by Rentals.ca and market research firm Urbanation, the average asking price of rent went up by 20 per cent (or $373 per month) compared to rental […]

Dozens of ride-share and food delivery drivers in Toronto staged a strike Wednesday, calling for more fair pay and better treatment after a recent report found that what some drivers make falls well below Ontario’s minimum wage. In a joint report published Monday, Ridefair Toronto and the Rideshare Drivers Association of Ontario (RDAO) said some […]

A Vancouver non-profit is calling on Canada’s competition regulator to launch a greenwashing investigation into Lululemon — saying the athleisure brand is misleading consumers about its environmental practices. The complaint, which was filed by the organization Stand.earth last Thursday, says Lululemon’s Be Planet sustainability campaign from 2020, in which the company said it would work to reduce its greenhouse gas […]

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start cutting interest rates in the first half of 2024. The consumer price index (CPI) increased 0.3 per cent last month after gaining 0.2 per cent in December, […]

The new chief of the U.S.  Federal Aviation Administration (FAA) said his agency is midway through a six-week audit of manufacturing at Boeing, but he already knows that changes must be made in how the government oversees the aircraft manufacturer. FAA administrator Michael Whitaker suggested that Boeing — under pressure from airlines to produce large […]

Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations. News stations such as CTV and BNN Bloomberg would be affected immediately, according to an internal memo sent to Bell Media employees on Thursday. The […]

Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8-million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affecting with which teams they sign. The NHL star has filed an appeal to the CRA over the bill for back taxes and interest, dating back […]

For the first time, Mike Holmes has spoken publicly about a lawsuit that alleges houses in a “Holmes Approved Homes” development in Meaford, Ont., were built with defects. The celebrity contractor and popular TV host posted a statement on his Facebook page four days after CBC News reported on an update on the lawsuit. The […]

The Canadian economy added 37,000 jobs in January as unemployment fell slightly to 5.7 per cent, the first decline since December 2022, according to a Friday report from Statistics Canada. After three consecutive months of little change in the jobs rate, the January figures were better than economists expected but were mostly driven by an increase […]

Uber Eats will apparently remove a scene from its Super Bowl ad that depicts a man having an allergic reaction to peanut butter, following backlash from some consumers and food allergy advocates — a sticky situation that brand experts say could have been avoided. The ad starts with a production assistant handing Jennifer Aniston a bag of fresh […]

As a high school student strong in math and science, Amy Spiers took what seemed like the natural next step after graduation and earned a degree in geomatics engineering.  But after 12 years in the industry, Spiers craved something more creative and hands-on, which led her to an apprenticeship in carpentry.  “I’ve always loved building […]

Business The Competition Bureau says it’s investigating the use of property clauses, which limit how real estate can be used by competitors, in the Canadian grocery sector. Watchdog says clauses make it harder for new supermarkets to open The Canadian Press · Posted: Feb 08, 2024 3:09 PM EST | Last Updated: 3 hours ago […]

Samantha Sannella loves Jeeps — she’s had four in the last eight years — and she knows that thieves covet them, too. In fact, one Jeep disappeared from in front of her Toronto home. “My previous jeep — which I love, love, loved — was stolen the first week I bought it,” said Sannella, who belongs to a […]

Cheap natural gas prices are providing some welcome relief on utility bills as Canadians heat their homes this winter, and prices are expected to remain low for much of this year. For the natural gas industry in Western Canada, it’s a return to low commodity prices after a few years of increased profits. Natural gas […]

Canada’s real estate market is notoriously unhinged. Home prices are up more than 35 per cent in just four years. Mortgage interest costs are up 30.9 per cent year over year. And rental prices are continually hitting record highs. As inflation comes under control, there is a growing chorus calling on the Bank of Canada to cut […]

The state of Colorado is fining Suncor Energy Inc. $10.5 million US for air pollution violations. In a news release, the Colorado Department of Public Health and Environment says the fine concerning Suncor’s Commerce City refinery is for violations from July 2019 through June 2021. The department also says the Calgary-based energy company must double […]

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988. The federal housing agency said in a report Wednesday the vacancy rate for purpose-built rental apartments sat at […]

The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced in a release Sunday. The rule, which was first announced in 2022, will now be extended until the beginning of 2027. It bans foreign nationals and commercial enterprises from buying residential property in Canada, with exceptions for some […]

For many skiers, the days of strolling up to the hill and buying a lift ticket are winding down, as the industry tries to hedge its bets against crummy snow conditions by locking in sales weeks or even months ahead of time. Season passes have been around for decades, but the industry has leaned harder on […]

While browsing the goods at a Value Village store in Toronto, Evan Boyce spotted something he didn’t expect: A used vase for sale with a Value Village price tag of $8.99. Then he realized the original price tag was still on — and to buy it at a Dollarama store would have cost only $3. “Three […]

The company building the Trans Mountain pipeline expansion is still working to find a solution for its latest unexpected construction challenge in B.C. Crown corporation Trans Mountain Corp. is currently removing the section of pipe it had been attempting to pull into the hole drilled for it in the Fraser Valley between Hope and Chilliwack. […]

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership. Elevated interest rates, construction costs and delays, and a slower real estate market are all contributing to the rising frequency of projects coming under financial stress, say experts. “A year ago […]

The federal government has lashed out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber. International Trade Minister Mary Ng says the U.S. has signalled it intends to raise duties to 13.86 per cent, up from 8.05 per cent. Ng calls the move disappointing and entirely unwarranted. It’s the latest salvo in a bilateral back-and-forth that Ottawa has described as a drag on efforts to improve the cost […]

Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy showed that the total number of insolvencies — meaning those filed by both businesses and consumers — was up by 23.6 per cent last year. The […]

Ad-free entertainment used to be one of the big selling points of streaming services, but as more services including Amazon’s Prime Video add commercials, experts say the glory days of advertisement-free video content are gone. That is, unless you open up your wallet to higher prices and additional monthly charges to avoid the advertisements that […]

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on housing affordability during an appearance before the finance committee on Thursday — one week after the bank yet again kept its key overnight interest rate at […]

As the federal government’s popular Canada Greener Homes grant program comes to a close, the energy audit industry could crumble with businesses across the country warning of mass layoffs in the months ahead. The federal government has signalled the end of the program, which provides up to $5,000 toward energy efficiency upgrades such as insulation, […]

Manulife has announced that its coverage of 260 specialty prescription drugs will apply only at Loblaw-owned pharmacies, a deal that was first reported by The Canadian Press on Tuesday. Experts who spoke with CBC News said the deal could hurt independent pharmacies and degrade the quality of pharmaceutical care that patients receive, while others said the […]

A judge in British Columbia will decide next month whether to approve a multimillion-dollar settlement of a class-action lawsuit against Apple for allegedly slowing down older model iPhones with its software updates. Lawyers for the company and class members in a lawsuit originally filed in 2018 were in a Vancouver courtroom Monday, urging approval of […]

North American energy pipeline operator Enbridge said on Tuesday it will cut its workforce by 650 jobs in a bid to cut costs. The company said the cuts will begin in February and be completed by March 1. It will reduce vacant positions, contract positions and redeploy staff where possible, Enbridge said. “Cost reduction measures […]

Cost of Living9:05Why instalment loans are the riskiest bet in finance Jolene Chateauneuf was just trying to avoid getting evicted. It was 2021, and she was short $1,500 for the rent on her apartment in Princeton, B.C., where she was living at the time. So she took out a rapid loan from a payday-style lender […]

Toyota Motor Corp. is urging owners of certain older vehicle models to stop driving and get immediate repairs because an airbag inflator could explode and potentially kill motorists.  The Japanese automaker said the “Do not drive” advisory covers some 2003-04 model year Corolla, 2003-04 Corolla Matrix and 2004-05 RAV4s with Takata airbag inflators. Toyota Canada spokesperson […]

A bulldozer tears through a modern house in Meaford, Ont., a picturesque community on Georgian Bay. Occupied for just two years, the home’s once soaring ceilings, large windows and backyard patio are now just a heap of crushed glass and wood.  “It’s traumatic,” said Fayard Johnson, who lives just down the street. “Really surprised to […]

As many retailers face inflation and raise prices, Ikea says it’s doing the opposite even as shipping difficulties ramp up in the Red Sea. The store, known for assemble-it-yourself desks and chairs, is dropping the prices on some popular products, in what experts say is an attempt to lure cost-sensitive shoppers. The company’s Canadian website already features hundreds of items it […]

The federal government has said expanding the electric vehicle charging network is key to meeting the country’s climate goals, but an investigation by CBC’s Marketplace has exposed a wide range in pricing as well as inconsistencies in performance and reliability at public charging stations. Marketplace tested the pricing and reliability at some of Canada’s most […]

Rogers Sugars has announced a tentative agreement with the union representing 140 striking workers at its Vancouver refinery, according to a Friday statement from the company. No details of the tentative deal have been released. A ratification vote is expected next week. The workers, represented by Private and Public Workers of Canada (PPWC) Local 8, have been […]

Canada’s energy industry is reacting with dismay to U.S. President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country. The Canadian Association of Petroleum Producers said it sees LNG as a lower-emission source of secure energy that can help countries get off coal. “LNG facilities on the U.S. […]

The Quebec provincial government “grossly underestimated” how much it will cost for businesses to adhere to new French-language law requirements for storefront signage, according to a Montreal legal expert. The new regulations have even caught the attention of the U.S. government.  “Anecdotally, I know that these kinds of changes run in the tens of thousands of […]

After helping to discover the world’s first deposit of natural hydrogen in West Africa, which kick-started a search for the buried gas around the world, Denis Brière hopes his next breakthrough will be in Canada. Brière is a petrophysicist and vice-president of Calgary-based Chapman Hydrogen and Petroleum Engineering, which plans to begin testing and drilling in northern Ontario […]

British negotiators walked away from trade talks with Canada Thursday — a dramatic development that taps the brakes on a bilateral trade deal between the two Commonwealth nations that has been years in the making. A major sticking point is how much access U.K. producers should have to the Canadian cheese market. After Brexit, an interim […]

Weary Canadian households, clobbered by nearly two years of rising prices and skyrocketing interest rates, will have to wait a little longer for relief on their borrowing costs. The Bank of Canada left its key overnight lending rate unchanged at five per cent on Wednesday, citing the persistence in underlying inflation and concerns that it might […]

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but “only gradually.”  “In the short term any increase in population, particularly in an environment of constrained supply, is going […]

Canada Post is selling off its IT and logistics departments, a move business experts say is an essential first step in saving a Crown corporation that lost more than half a billion dollars in 2022. “Canada Post is disappearing before our eyes,” said Ian Lee, a business professor at Carleton University in Ottawa who has researched the decline of Canada […]

Netflix took a big step into live events on Tuesday with a more than $6.7 billion ($5 billion US) deal that would make it the exclusive home of World Wrestling Entertainment’s Raw from January 2025 onward. The 10-year partnership will put Raw on the streaming platform in the U.S., Canada, United Kingdom and Latin America, among other territories, the companies said. Outside […]

A gigantic tumbler that purportedly keeps drinks cold even if it’s left in your burning car is the stainless steel status symbol of the moment.  The 40 oz. Stanley Quencher H2.0 Flowstate tumbler (that’s 1.18 litres for us metric system folks) has become so popular that people are willing to wait outside Target stores overnight […]

Buses will not run Monday in Metro Vancouver after more than 180 workers represented by CUPE Local 4500 walked off the job. The job action, which began at 3 a.m. PT, comes three weeks after the workers began refusing overtime. The union represents transit supervisors, communications supervisors and a range of other roles. Talks between the union […]

Flippy is making burgers, Chippy is cooking french fries, and Remy is serving up salads. Customers may not even notice them, but robots are becoming more common behind the counter at fast food kitchens. At Food Republic, a quick-service joint in Vancouver, Remy looks like a giant stainless steel box. Inside, it receives the order […]

A relaxing vacation in Cuba was what Jeff Phelps thought he was signing up for when he booked a 20th wedding anniversary trip with Sunwing.  That’s not what they got when they arrived at the Grand Memories Varadero, listed as a 4.5-star facility, during the holidays.  The family opened the door to the room and “the first thing that […]

Slumping oil prices are bringing some relief for drivers filling up their gas tanks this winter, but they’re also delivering a financial hit to some provinces as they prepare their next budgets — notably Alberta. Oil prices have fallen by almost 40 per cent since reaching a high of more than $120 US per barrel in […]

During what Orest Katolyk calls the “wild west” of short-term rentals — the time before regulations were put in place — bylaw officers in London, Ont., would have to rent properties listed on websites like Airbnb to check for infractions. “We actually rented a shed several years ago that was near Western University, and it was being rented out as […]

First published in 1954, Sports Illustrated could be characterized as a part of sports history. But word of mass layoffs at the magazine on Friday had employees and observers worried for its future. The planned cuts at Sports Illustrated include possibly all of its union-represented workers, the union said in a social media post Friday. In an email to employees Friday […]

With shipping companies already dealing with disruptions in the Red Sea due to attacks on ships, word comes that another important trade route is being forced to curtail traffic. A severe drought that began last year has forced authorities to slash ship crossings in the Panama Canal by 36 per cent. The cuts announced Wednesday by authorities […]

An Edmonton man who admitted to breaching Alberta securities laws by illegally distributing securities to investors and acting as an unregistered dealer has been ordered to pay a $40,000 penalty and stop trading and buying securities or derivatives. In a hearing decision posted to its website on Jan. 12, the Alberta Securities Commission ordered that Devon […]

Uniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the “Mary Poppins bag.” The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is […]

CEO pay in the oil and gas sector has soared with the industry’s post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects. The report released Wednesday by the Bedford Consulting Group looked at C-Suite salaries, bonuses and other forms of executive […]

Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it’s time to move past trying to shift the deadlines for repayment. The federal government has indicated the deadline to pay […]

Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion. The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per […]

Canada’s annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday. That’s after both October and November saw inflation hold steady at 3.1 per cent compared to the previous year. StatsCan said that the price of gasoline, air travel, passenger vehicles and rent drove the figure higher in December. Food […]

If you’ve been trying to save money on your grocery bill by waiting until food is marked down to 50 per cent, get ready for some sticker shock on your next visit to a Loblaw-owned grocery store. According to an email from Loblaw Companies Ltd. reviewed by CBC News, it will no longer discount perishable foods like meat, […]

A Bank of Canada survey finds Canadians are increasingly cutting back on spending while mortgage holders remain confident they can keep up with higher payments when their loans renew. The central bank released its fourth-quarter consumer expectations and business outlook surveys Monday, revealing how Canadians are faring amid higher borrowing costs and rising prices. Roughly […]

This First Person column is the experience of Grace Stelmachowicz, who lives in Squamish, B.C. For more information about CBC’s First Person stories, please see the FAQ. Growing up, I was taught that there is a clear pathway to success: go to university, get a job in your field, get married, buy a house, and […]

Prominent artificial intelligence company OpenAI has launched a new way for developers to sell and distribute their own, custom versions of AI software through an online store, with industry participants and watchdogs saying it could change how businesses and consumers use the technology. The GPT Store will include personalized artificial intelligence applications, and will let users discover and build versions […]