Emissions from oilsands forecast to continue rising as oil production increases, says report
Total greenhouse gas emissions from Alberta’s oilsands have remained relatively flat for the last few years but could climb again in 2024 as the industry ratchets up oil production, according to a new report released Thursday. Since 2019, overall emissions have…
Talks break off in B.C. port dispute as bid to end multi-day lockout fails
Contract negotiations in a labour dispute that has paralyzed container cargo shipping at British Columbia’s ports since Monday have been called off. In an update posted to their website on Saturday night, the B.C. Maritime Employers Association (BCMEA) says they and the International Longshore…
Alberta government fires AIMCo board, four top executives, in ‘reset’ for pension fund manager
The provincial government has removed the entire board of the Alberta Investment Management Corporation (AIMCo), saying its ballooning costs demand intervention. In a statement Thursday afternoon, the province announced it will “reset” the focus of the government-owned pension management fund, and will be appointing…
What the federal ban on TikTok’s Canadian operations means for you
The federal government ordered an end to TikTok’s Canadian operations on Wednesday, citing national security concerns. But its decision to keep the app itself available has privacy experts puzzled. The order to shut down the social media platform’s Vancouver and Toronto…
Port of Montreal threatens lockout Sunday unless union agrees to ‘final’ offer
The employers’ association at the Port of Montreal has issued the dockworkers’ union a “final, comprehensive offer,” threatening to lock out workers at 9 p.m. Sunday if a deal isn’t reached. The Maritime Employers Association says its new offer includes…
Unemployment rate unchanged at 6.5%
Canada’s unemployment rate was unchanged in October at 6.5 per cent, while job growth was little changed from the previous month, Statistics Canada said on Friday. The economy added 14,500 jobs last month, about half of what economists were expecting. The…
U.S. Federal Reserve cuts interest rates again
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, as policymakers took note of a job market that has “generally eased,” while inflation continues to move toward the central bank’s two per cent target. “Economic activity…
Via Rail’s performance has gone from bad to worse — and it’s costing the company millions
Cédryk Coderre was one of dozens of travellers left stranded on a Via Rail train for 10 hours earlier this year. As the government-owned passenger railway struggled with a mechanical failure, passengers on board Train 622 on Aug. 31 were…
Cineplex says it will make online purchase fee more obvious following penalty
Cineplex Inc. says it will continue adding a fee to some online ticket purchases but will adjust how the charge is communicated to moviegoers. The move comes in response to a record $38.9-million penalty Cineplex was handed in September by…
Various breads and buns recalled due to pieces of metal: CFIA
The Canadian Food Inspection Agency has issued a recall for several brands of bread and buns due to pieces of metal in the products. The affected goods were sold in Ontario, Quebec and Newfoundland and Labrador. A total of 37…
BCE to buy U.S. internet provider Ziply for $5B, in part with funds from MLSE sale
BCE has signed a deal to buy U.S. fibre internet provider Ziply Fiber for about $5 billion in cash, a move that comes after the high-profile sale of the company’s stake in Maple Leaf Sports & Entertainment earlier this fall. …
Boeing workers vote to end 7-week strike, accept new contract with 38% raise
Boeing’s West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker. The union said members voted 59 per cent in favour…
The U.S. economy looks strong. So why don’t voters feel good about it?
Sitting in a neighbourhood park in Philadelphia, just one day before the U.S. presidential election, registered voter Todd Miller said he would cast his ballot for Republican candidate Donald Trump this year. He regrets voting for Joe Biden in 2020…
B.C. port lockout to begin with no deal reached in contract dispute with foremen union
The provincewide lockout against a union of more than 700 foremen at British Columbia’s ports is expected to begin at 8 a.m. PT, with fears the move may freeze trade on Canada’s West Coast. The B.C. Maritime Employers Association (BCMEA) has said…
Inside the terrifying, risky world of making indie horror movies
Shannon Hanmer still remembers the first scary movie she saw in a theatre — the R-rated teen vampire thriller The Lost Boys starring Kiefer Sutherland as the blood-thirsty villain. She was four years old. “My mom thought it was about Peter Pan,” she said. Instead, a…
Calgary’s red-hot rental market may be cooling
Calgary’s rental market has gone through a major shift in recent years. While Calgary is still relatively affordable compared to Toronto and Vancouver, large swaths of people moving to the city in search of cheaper real estate have squeezed vacancy…
U.S. Senator Elizabeth Warren says TD executives were let off easy in money laundering settlement
A U.S. senator is raising concerns that TD Bank Group executives did not face charges as part of the bank’s settlement over its failure to detect large-scale money laundering. Sen. Elizabeth Warren said in a letter to the U.S. attorney general…
Air Canada promised to become more accessible. But hidden cameras show it’s still falling short
Paralympian Brock Richardson landed in Fredericton already knowing that a piece of equipment he requested before the trip would not be there to help move him from his seat to his wheelchair. But he didn’t expect an Air Canada staff…
How the U.S. election could impact the loonie and your investments
With the U.S. election less than a week away, Karen Routledge’s phone keeps ringing with clients wondering what will happen to their investments after Tuesday. The Calgary investment adviser hears wide-ranging concerns about the impact of possible tariffs, rising U.S….
Menopause could be the wellness industry’s new gold rush — but experts say the products may just be hype
Serums that promise firm skin. Powders that claim to eliminate night sweats. From skin care to supplements to special snacks, menopause may be a new gold rush in the wellness industry. Perimenopause and menopause affect the estimated 10 million women…
Striking dockworkers shut down 2 Port of Montreal terminals
Dockworkers at the Port of Montreal started a new strike Thursday morning, forcing the indefinite shutdown of two container terminals at the country’s second-biggest port. The Port of Montreal says the Viau and Maisonneuve terminals are closed until further notice,…
Canadian economy flat in August, likely missed central bank’s 3rd quarter growth forecast
The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while an early forecast suggests it grew at an annualized rate of one per cent in the third quarter. Statistics Canada’s gross domestic…
As sales drop, Starbucks is killing extra charges for non-dairy options
Starbucks will stop charging customers an extra fee for substituting dairy milk with a non-dairy alternative, part of the mega coffee chain’s efforts to fix what its CEO called “very disappointing” sales results and revenue drops. The change goes into effect…
How high-speed rail would change Ontario and Quebec — if it actually happens
A high-speed rail line linking Canada’s two largest cities, Montreal and Toronto, has been the stuff of dreams — and political campaigns — for decades. But with the federal Liberal government poised to announce more detailed plans for the project, that…
Unifor files for conciliation in contract talks with Canadian Pacific Kansas City
The union that represents mechanics and labourers at Canadian Pacific Kansas City Ltd. has filed for conciliation in its contract talks with the railway company. Unifor — which represents more than 1,200 mechanics, labourers, diesel service attendants and mechanical support…
McDonald’s says testing rules out Quarter Pounder patties as source of E. coli outbreak in U.S.
Testing has ruled out beef patties as the source of the outbreak of E. coli poisoning tied to McDonald’s Quarter Pounders, the company said Sunday. It will resume selling the Quarter Pounder in the coming week. The U.S. Food and…
How do PPF Installers educate customers about care and maintenance?
PPF Installers educate customers about care and maintenance A professional PPF installation involves meticulously placing a clear, robust film on your vehicle that guards against common damages like rock chips and light scratches. But the long-term impact of this protection…
Are movers high wycombe available 24/7?
movers high wycombe available 24/7 With its pretty villages, half-timbered cottages and easy access to London, High Wycombe is the second largest town in Buckinghamshire and a popular commuter destination for those leaving the city for families. The town has…
Tens of thousands of taxpayer accounts hacked as CRA repeatedly paid out millions in bogus refunds
At the height of this year’s tax season, the Canada Revenue Agency discovered that hackers had obtained confidential data used by one of the country’s largest tax preparation firms, H&R Block Canada. Imposters used the company’s confidential credentials to get…
Porter breaks its own rules by kicking deaf woman and her service dog off a flight
Georgina Villeneuve says the humiliation still stings when she thinks about being forced off a Porter plane last month. She was threatened by a flight attendant and berated by another passenger — all over her 20 pound service dog sleeping…
Alberta’s squeeze on renewable energy has pushed investment to other provinces
Eight months after the Alberta government lifted its moratorium on the development of new, large wind and solar electricity projects, investment has yet to return as companies choose instead to invest in other provinces. In Alberta, the wind and solar…
N.S. chose a national grocery giant for its $6M buy local program. Reaction has been mixed
A provincial rewards program designed to encourage consumers to buy local is getting mixed reviews from Nova Scotia producers and retailers, primarily for its selection of Sobeys Inc. grocery stores to hold a key role. In July, the Tim Houston…
Cineplex officially files appeal of $38.9M fine for drip pricing
Business Cineplex has filed an appeal of a record $38.9-million fine for deceptive marketing practices imposed against it by the Competition Tribunal. Competition regulator levied fine over $1.50 online booking fee The Canadian Press · Posted: Oct 24, 2024 10:24…
Nice try, but this major airline is testing tech that shames you for boarding too early
Are you the kind of traveller who skips ahead in line during boarding calls? One major airline has a message for you: Not so fast. American Airlines is experimenting with new technology that triggers a signal to gate agents when…
Walmart, LCBO are the latest retailers to embrace single-use paper bags. Environmentalists are concerned
Following complaints about reusable Walmart blue bags piling up in homes, the retail giant is phasing out the fabric bags, switching to paper bags for both grocery delivery and in stores. Steve Calarco, a Walmart delivery customer in Edmonton, says he has already…
Immigration prevented a recession last year, but looming changes could stall growth: economists
Reducing the number of new admissions to the country could have negative consequences for the economy and pose challenges for commerce, according to business advocates and economists alike. Economic measures such as the gross domestic product (GDP) have been moving…
As federal workers slam office mandate, study finds remote work cuts emissions
Federal employees in Ottawa produced 25 per cent fewer emissions when they worked remotely compared to those who were working in the office full time, a new study suggests, in research that comes as a major public sector union continues to push back…
Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges
WARNING: This story may affect those who have experienced sexual violence or know someone affected by it. Former Abercrombie & Fitch CEO Mike Jeffries, his romantic partner and a third man were arrested Tuesday on charges of luring men into drug-laced, outlandish…
Bank of Canada makes a chunkier rate cut, lowering by half point for 1st time since pandemic
The Bank of Canada has lowered its key interest rate to 3.75 per cent, making a 50-basis-point cut for the first time since the COVID-19 pandemic. Before Wednesday, the rate stood at 4.25 per cent. Economists were expecting the central bank…
Honda recalls 61,000 vehicles in Canada over fuel pump issue
Honda is voluntarily recalling 61,000 vehicles in Canada over concerns that a high-pressure fuel pump may have a defective part. The company said in a statement last week that cracks could form inside the fuel pump if there are issues…
Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges
Former Abercrombie & Fitch CEO Michael Jeffries and two other men have been arrested on sex trafficking and interstate prostitution charges, a spokesperson for U.S. federal prosecutors said Tuesday. Details of the criminal charges weren’t immediately available. They come after…
What props can enhance a creative Halloween costume?
props can enhance a creative Halloween costume Halloween costumes can be a fun, playful way to express your personality or even poke some pranks at friends and family. But a punny costume can also come across as a little too…
Musk, putting up over $70M US to help Trump, raises legal questions with million-dollar giveaways
Pennsylvania Gov. Josh Shapiro is among those calling for an investigation of billionaire Elon Musk, for his promise at a weekend Donald Trump rally to give away $1 million US each day until election day in the U.S. Musk on…
Frozen waffles recalled in Canada and U.S. due to possible Listeria contamination
Hundreds of frozen waffle products sold in Canada and the U.S. are being recalled after possible contamination by the Listeria bacteria was detected at an Ontario facility, according to the manufacturer. TreeHouse Foods said Friday that it issued a voluntary…
Lilly Ledbetter, icon in the battle for U.S. equal pay, dead at 86
Lilly Ledbetter, an former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation, has died at 86. Ledbetter’s discovery that she was earning less than…
Fast-food chains serving up halal food with a side of misinformation, expired certificates
Challenging and frustrating. That’s how Mohammad Arfan describes his experience trying to get the answers he needs before sitting down to a meal. As the face of In2Spices, a YouTube channel he runs with his wife, Sarah, dedicated to profiling…
Is your friend selling Taylor Swift tickets? Make sure it’s not a hacker
As Taylor Swift is set to embark on the Canadian leg of her Eras world tour, scammers are taking advantage of the insatiable demand for tickets to the sold-out shows. “It’s just hard to point out who is real,” said Summer Nickel. …
U.S. regulator investigating Tesla’s self-driving software after fatal crash
The U.S. National Highway Traffic Safety Administration on Friday said it was opening an investigation into 2.4 million Tesla vehicles with the automaker’s Full Self-Driving software after four reported collisions, including a fatal crash. The U.S. auto safety regulator said…
How do I choose the right chandelier frame for my decor?
right chandelier frame for my decor There’s no doubt that chandeliers add a dazzling focal point to any room. However, choosing the right one isn’t easy. It’s important to keep the room size in mind. A chandelier that’s too big…
X is the latest social media site letting 3rd parties use your data to train AI models
Business Starting Nov. 15, X will share user data — including posts, likes, bookmarks and reposts — with third-party platforms that may use the information to train AI models. More companies are signing content licensing deals with artificial intelligence firms Jenna Benchetrit · CBC…
Tobacco giants would pay out $32.5B to provinces, smokers in ‘historic’ proposed deal
Three tobacco giants are proposing to pay close to $25 billion to provinces and territories and more than $4 billion to tens of thousands of Quebec smokers and their loved ones as part of a corporate restructuring process triggered by…
These busted solar panels are an early example of a looming problem — and an opportunity
In a sprawling industrial building in Brooks, Alta., about two hours east of Calgary, is a former pheasant hatchery that’s now stacked waist-high with thousands of dusty, damaged solar panels. Dan Carrocci, who’s worked in renewable energy construction for more…
Rise of solar power ushers planet toward ‘age of electricity,’ energy agency says
Renewable energy production is expanding at an unprecedented pace, led by the rapid rise of solar power, says a new report from the International Energy Agency. At the same time, the world’s insatiable demand for more energy contributed to an increase…
More than 300 CRA employees who improperly received CERB no longer with agency
The Canada Revenue Agency (CRA) says 330 employees who “inappropriately” applied for and received the Canada Emergency Response Benefit (CERB) are no longer with the agency. In a release sent out Wednesday, the CRA provided a final update on an internal…
Lufthansa fined record $4M for barring Orthodox Jewish passengers from 2022 flight
The United States fined German airline Lufthansa $4 million US for its treatment of a group of Jewish passengers who were denied boarding a 2022 flight in Frankfurt after they had flown to Germany from New York. The U.S. Transportation…
Bubble tea company apologizes after Dragons’ Den cultural appropriation spat
A Quebec company has apologized following an appearance on CBC’s Dragons’ Den, during which celebrity judge Simu Liu expressed concerns that the brand was culturally appropriating a Taiwanese beverage. The company, Bobba, sells a bottled version of boba tea, or bubble tea,…
Inflation rate drops to 1.6% in September
Canada’s inflation rate fell to 1.6 per cent in September, Statistics Canada reported Tuesday, after hitting the Bank of Canada’s 2 per cent goal in August. The data agency said the numbers marked the smallest year-over-year increase to the consumer price…
Murder trial begins for U.S. tech consultant accused in death of Cash App founder Bob Lee
The murder trial of a tech consultant in the stabbing death of Cash App founder Bob Lee begins Monday, a year and a half after the widely admired entrepreneur was found staggering on a deserted downtown San Francisco street seeking…
Uber started using ‘algorithmic pricing’ in Canada. Is that a good or bad thing?
Uber rolled out an AI-powered pay model this week in Ontario, a change drivers worry will cost them income — and consumer advocates say may lead to higher prices for passengers. And the change, which launched in B.C. in September,…
Trudeau applauds Thailand for legalizing gay marriage during ASEAN summit
Prime Minister Justin Trudeau congratulated the prime minister of Thailand for her country’s recent legalization of same-sex marriage. Trudeau made the comments while attending the Association of Southeast Asian Nations Summit, hosted this year in Laos’s capital, Vientiane. The prime…
TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case
Toronto-Dominion Bank has been ordered to pay a total of $3.09 billion US in fines after pleading guilty to multiple charges, including conspiracy to violate the Bank Secrecy Act and commit money laundering. The bank has also received a cease-and-desist…
A sailboat that ships cargo across the ocean? This company looks to the past for inspiration
Guillaume Le Grand is trying to bring cargo shipping back to its roots. Standing on the deck of an 82-metre sailboat docked in Quebec City’s port, Le Grand, a sailor and CEO of the French company TOWT, says he was…
Canada’s economy added 47,000 new jobs in September, unemployment rate ticked down
The Canadian labour market exceeded many economists’ expectations in September, adding more than twice as many jobs as the previous month while unemployment ticked lower — but digging deeper into the numbers shows employment remains a concern, analysts say. Statistics…
Elon Musk’s glitzy launch for ‘Cybercab’ robotaxi leaves Tesla-watchers underwhelmed
Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals, in a display that has largely failed to create much fanfare. At a glitzy unveiling, Musk reached the stage in…
Income inequality in Canada rises to the highest level ever recorded: Statistics Canada
Income inequality in Canada has hit the highest level ever recorded as wealth becomes increasingly concentrated in fewer hands, says Canada’s statistics agency. The gap in the share of disposable income between the richest two-fifths of Canadians and the bottom…
Google’s Nobel prize winners stir debate over AI research
The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company’s research dominance and how breakthroughs in computer science ought to be recognized. Google has been at…
Rents went up just 2.1% in September, continuing monthly price slowdown
A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1 per cent year-over-year. The report from Rentals.ca and Urbanation finds average asking rents sat at $2,193 for…
Was Bitcoin’s mysterious creator a Canadian? A new HBO documentary says yes (maybe)
In the 15 years since Bitcoin was first created, no one has been able to crack one mystery: the true identity of the creator, known only as Satoshi Nakamoto. Now, a new HBO documentary has opened the case files again…
Failed crypto exchange FTX will repay billions to customers
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion US in assets recovered since the once-leading crypto exchange collapsed. The plan is built on a series…
Ticketmaster changes Taylor Swift ticket transfer rules amid reported ticket thefts
Ticketmaster is enforcing new rules around how fans transfer Taylor Swift tickets amid a surge in reported scams. The ticket sales giant recently updated its website to say ticket transfers for Swift’s concerts can only start 72 hours before the…
Canadian Natural Resources buying Chevron’s Alberta assets for $6.5B US
Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for $6.5 billion US. The all-cash deal will see Calgary-headquartered CNRL — one of the largest independent…
Antitrust case against Amazon to move forward in the U.S.
The U.S. Federal Trade Commission’s case accusing Amazon of stifling competition in online retail will move forward, though some of the states that sued alongside the agency had their claims dismissed, court documents showed. U.S. District Judge John Chun in…
Fortnite adds new parental controls to help keep your kids’ gaming in check
Video game maker Epic Games is introducing two new parental controls for its popular games Fortnite and Unreal Editor for Fortnite (UEFN) to help parents and guardians monitor how much time their children spend gaming. The two new parental controls introduced…
Competition Bureau gets court orders against Air Canada, WestJet for market info
The Competition Bureau has obtained court orders requiring Air Canada and WestJet to hand over information for the watchdog’s market study into airline competition. Granted by the Federal Court last month, the rulings require the country’s two biggest airlines to…
Competition Bureau gets court order for probe into potential anti-competitive conduct by CREA
The Competition Bureau says it’s obtained a court order as part of an investigation into potential anti-competitive conduct by the Canadian Real Estate Association. The bureau says its investigation is looking into whether CREA’s commission rules discourage buyers’ realtors from…
Nova Scotia’s offer to wine sector didn’t follow report recommendations, says co-author
A proposed support package from the Nova Scotia government for the province’s wine industry did not follow recommendations in an expert report and was offering too much money to commercial wine bottlers, according to one of the authors of that report….
How power-hungry AI could help fuel growth in alternative energy
Using AI can feel like watching a magic trick. Ask ChatGPT for a photo and out it comes, no matter how elaborate or goofy the request. But behind the scenes are servers furiously working to power the technology — and…
Airlines can be required to provide compensation for international disruptions: Supreme Court
The Supreme Court has ruled that airlines can be required to compensate passengers for certain international flight disruptions and Canada’s passenger protection regulations do not violate international law. In a unanimous ruling, all nine justices dismissed an appeal filed by two…
We’re drowning in reusable bags. Are bag profits preventing big grocers from adopting solutions?
You know the feeling. You’re in line to buy groceries and suddenly realize, with regret, that you forgot to bring reusable bags. So you begrudgingly buy more. The feeling is so widespread, a catchy song about it is going viral…
U.S. port workers and operators reach deal to end strike
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is…
Canadian hockey equipment maker CCM to be bought by Swedish private equity firm
Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada’s iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel. Private equity firms are increasingly looking toward the booming sports sector,…
How safe are safety deposit boxes? They’re not as protected as you may think
A Montreal-area woman believes carelessness and lack of security at her bank are to blame for the alleged theft of $20,000 in cash from her safety deposit box. Irina Broido said she and her father opened the box in 2009…
Pricier pineapples? Here’s how the U.S. port strike could impact your wallet
With U.S. port workers on strike as of Tuesday morning, consumers around the world — and especially in Canada, with its close trade ties to the U.S. — could soon start seeing a shortage of goods or an upward tick…
Dockworkers on U.S. East Coast strike, halting half the nation’s ocean shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labour contract…
U.S. warns 40 foreign operators may be flying Boeing 737s with rudder issue
The U.S. National Transportation Safety Board (NTSB) on Monday said more than 40 foreign operators of Boeing 737 airplanes could be using aircraft with rudder components that may pose safety risks. The NTSB last week issued urgent safety recommendations about the…
TD Bank to pay $20 million US to resolve ‘spoofing’ investigation
Toronto-Dominion Bank is set to pay more than $20 million US as part of a deal with American authorities to resolve an investigation into a former employee’s fraud trading tactics to manipulate the U.S. Treasuries market. Canada’s second-largest bank entered into…
Why workers plan to strike at ports across U.S. East — and how it could cause consumer chaos
Some 45,000 union workers could walk off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the U.S. presidential election. A JPMorgan analysis projected that a…
With market prices for coffee jumping, could that cup of java be a jolt to your wallet?
The price of coffee has been skyrocketing on international commodities markets, and while consumers in Canada haven’t felt the grind yet, the pressure of climate change on the world’s coffee farms is setting the industry on edge, insiders and scientists said. The current market…
North Toronto is getting a new — and temporary — outdoor concert venue
Entertainment giant Live Nation says it will build a temporary, open-air music venue with a capacity for some 50,000 people on the grounds of the former Downsview airport in north Toronto. The new Rogers Stadium will host its first concerts in June…
Basement-free buildings are better for the future climate
In July, torrential rains flooded basements across Ontario, causing $940 million in insured damages, and weeks later, caused nearly $2.5 billion in insured damages in Quebec, the Insurance Bureau of Canada says. As climate change boosts the risk of extreme rainfall…
B.C. beauty brand battles music giant over social media copyright
Suva Beauty founder Shaina Azad announced the end of her company’s wild ride to international acclaim six months ago in a YouTube video that was met with a mixture of sadness and Reddit threads lamenting the loss of dazzling eyeshadow…
GDP grew 0.2% in July, as economy holds steady
Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector. The agency says the growth came as services-producing industries grew 0.2 per cent…
Homeowners will no longer need to do stress test when switching mortgage providers
The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers. The Office of the Superintendent of Financial Institutions says it will end the policy for lenders to apply…
New home construction is up in 6 largest cities, but supply gap persists
The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand. The agency…
Bank of Canada needs to ‘stick the landing’ now that inflation is at 2%: Macklem
Bank of Canada governor Tiff Macklem says he is pleased that inflation has fallen to two per cent, but the central bank now has to “stick the landing” and keep price growth centred around the target. That’s according to prepared…
Meta unveils cheaper VR headset, AI updates and a prototype for AR glasses
Meta unveiled updates to the company’s virtual reality headset and Ray Ban smart glasses on Wednesday along with AI advances as it tries to demonstrate its artificial intelligence prowess. Meta, which introduced the Quest 3 last year, showed off a…
Cineplex says it will appeal $38.9M fine over $1.50 online booking fee
Cineplex Inc. has been ordered to pay a record $38.9-million fine by the Competition Tribunal for deceptive marketing practices — but the ruling doesn’t stop the theatre owner from continuing to charge the online booking fee that sparked the case in…
Metro Vancouver grain terminal workers begin strike
Workers at several Metro Vancouver grain terminals walked off the job Tuesday morning. Members of the Grain Workers Union Local 333 headed to picket lines at 7 a.m. PT, three days after serving strike notice, in what one industry group says could be “devastating”…
Cineplex fined $38.9M over $1.50 online booking fee
Cineplex Inc. has been ordered to pay a record $38.9 million fine after the Competition Tribunal found the theatre owner guilty of deceptive marketing practices. The tribunal sided with the Competition Bureau in a case brought forward last May by the watchdog,…
Metro Vancouver grain terminal workers union set to strike
Canada’s grain farmers say a strike at Metro Vancouver terminals would cripple crop exports if it were allowed to take place. The Grain Growers of Canada said in a statement that it is “deeply concerned” about a potential strike of grain…
Bank of Canada shelves idea for digital Loonie
After several years of exploring the possibility of introducing a digital currency in Canada, the central bank is shelving the idea. The Bank of Canada confirmed to CBC News it has shifted its focus away from the idea of introducing…
Air Canada union head says she’ll resign if pilots reject deal
The head of the Air Canada pilots union says she’ll step down if members opt not to approve a tentative deal with the airline, raising the stakes as aviators mull whether to accept hefty salary gains or drive an even…
Pygmy hippo Moo Deng, the internet’s favourite meatball, may soon get her own patent
Only a month after Thailand’s adorable baby hippo Moo Deng was unveiled on Facebook, her fame became unstoppable both domestically and internationally. Zookeeper Atthapon Nundee has been posting cute moments of the animals in his care for about five years….
Québécois convenience store brand Couche-Tard is gunning to buy 7-Eleven. Here’s how it got there
Quebec’s Alimentation Couche-Tard started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven. Currently, 7-Eleven’s more than 84,000 locations across the globe are owned…
July boost in Canadian retail sales welcome, but more rate cuts needed: analysts
Canadian retail sales edged up in July, but economists say it will take further interest rate cuts to spark lasting activity. Statistics Canada said Friday that retail sales rose 0.9 per cent, to $66.4 billion, in July, helped by stronger new…
General Motors recalls nearly 450,000 vehicles over issues with low brake fluid warning
General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. There are 38,382 Canadian vehicles…
2,600 new homes to be sold at 60% market value in Vancouver
Up to 2,600 new housing units planned for the Heather Lands in Vancouver will be sold at 60 per cent of market value, according to a joint announcement by the province, the city and the Musqueam, Squamish and Tsleil-Waututh First…
TD Bank shakes up leadership amid scandal around anti-money-laundering program
TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last…
Tupperware, pioneer of food storage and sales parties, files for bankruptcy
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order…
U.S. Federal Reserve cuts interest rates by half a percentage point
The U.S. Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about…
A key employee says the Titan sub tragedy could have been prevented
Wreckage from the Titan is hoisted from the ship that brought it back to St. John’s harbour on June 28, 2023. (Patrick Butler/Radio-Canada) A key employee who labeled a doomed experimental submersible unsafe prior to its last, fatal voyage testified…
New home construction down 22% in August, says CMHC
Canada Mortgage and Housing Corp. says the annual pace of new home construction, known as housing starts, slowed 22 per cent in August compared with July. The national housing agency says the seasonally adjusted annual rate of housing starts came in at…
Facebook owner Meta bans Russian state media outlets over ‘foreign interference activity’
Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks, alleging the outlets used deceptive tactics to carry out influence operations while evading detection on the social media company’s platforms. “After careful consideration, we…
Canada relaxes some mortgage rules to tackle housing crisis
Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, although some housing experts are doubtful that the new measures will have a meaningful long-term impact on housing affordability and…
Canada is getting poorer when compared to its wealthy peers, data shows
Canada is among the richest countries in the world — but when compared to peer countries like Australia, New Zealand and the United Kingdom, it isn’t as rich as it once was. And the wealth gap between Canada and the U.S….
Air Canada work stoppage averted after tentative deal with pilots
Passengers with plans to fly on Canada’s largest airline can breathe a sigh of relief after Air Canada said Sunday it has reached a tentative agreement with the union representing more than 5,400 of its pilots. The airline says Air Canada…
EV sales are still growing. So why are carmakers pulling back?
Some of the headlines about electric vehicles lately might give the impression that the market is headed for a crash. But new data shows electric vehicle sales are still growing in Canada, and have hit a record high. More than…
NextStar Energy battery plant on track for production late 2025 while competitors delay projects
The massive electric vehicle battery plant in southwestern Ontario should produce its first module this month as the project looks to hire another 200 employees before the end of the year. Windsor’s NextStar Energy plant, expected to be the first…
Boeing’s U.S. factory workers on strike after rejecting pay increases of 25% over 4 years
Boeing’s U.S. West Coast factory workers walked off the job early on Friday after 96 per cent voted in favour of a strike, halting production of the planemaker’s strongest-selling jet as it wrestles with chronic output delays and mounting debt. The workers’ first strike since…
What are the main features of a good CFD trading app?
main features of a good CFD trading app Many traders now use mobile apps to watch asset markets, check their CFD trade executions and perform market analysis on the go. However, not all trading apps are equal. Some offer a…
Air Canada says it hasn’t cancelled flights Friday over pilot talks, but some operations affected
Air Canada says some operations will start to be affected as time is running out before a potential shutdown due to a labour dispute with its pilots, but the airline noted it hadn’t cancelled any flights on Friday in anticipation…
UAW’s rift with Stellantis raises fear that some U.S. auto jobs could vanish
To Ruth Breeden, whose job is to assemble Ram trucks in a Detroit suburb, a simmering dispute between the United Auto Workers union and Stellantis isn’t merely about whether her employer will reopen a distant factory in Illinois. To her, the…
Air Canada says government must block strike if pilots’ deal can’t be reached
Air Canada said Thursday the federal government will need to step in and block pilots from striking if the two sides can’t reach a deal, warning that job action would disrupt travel plans for least 110,000 travellers every day. A statement…
Why some Canadian insurance companies are bringing in a wildfire tactical team
When Joelle Fraser-McGaghey had to evacuate her home during the 2016 Fort McMurray wildfire, she only had a few minutes to pack before her family had to get out the door. Trying to pull outdoor furniture away from her house…
Uncertainty rattles global crude prices, puts spotlight on Alberta oil revenues
The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. Just a couple of weeks ago, West Texas Intermediate (WTI) prices — North America’s benchmark…
Year-over-year rent prices fell in some big cities in August — and smaller markets got more expensive
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets. The report from Rentals.ca and Urbanation found the average Vancouver rental rate was…
TC Energy says sale of minority stake in pipeline to Indigenous groups is delayed
A deal that was billed as Canada’s largest-ever Indigenous equity ownership agreement has hit a snag. TC Energy Corp. said Tuesday the $1-billion agreement, announced in July, that would see it sell a minority stake in its Western Canadian natural…
Mark Carney joins Liberals’ economic growth task force
Prime Minister Justin Trudeau has tapped Mark Carney, the former governor of the Bank of Canada, to chair a Liberal party task force on economic growth ahead of the next federal election, the party announced Monday. Carney, whose possible future…
Apple enters new AI era with unveiling of iPhone 16
Apple’s ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up Siri to creating customized emojis on the fly. “The next generation of iPhone has been designed for Apple…
Amazon rejects plea to stop selling taxi roof signs as cab scam spreads across Canada
After a long day at a work event in July, Kathryn Kozodi was relieved when she spotted a car with a lit-up taxi sign. She thought it was odd when the driver told her she’d have to pay her fare…
Canfor to close sawmills in Vanderhoof and Fort St. John, B.C.
Hundreds of workers are facing an uncertain future after logging giant Canfor announced Wednesday it would close its sawmills in Vanderhoof and Fort St. John, B.C., by the end of the year. It’s the latest blow to the beleaguered B.C. forestry…
U.K. competition watchdog probing use of ‘dynamic pricing’ in Oasis ticket debacle
Britain’s competition watchdog on Thursday launched an investigation into Ticketmaster over the sale of Oasis tickets, including the use of “dynamic pricing” to hike the cost to fans at the last minute. Thousands of fans waited long hours in virtual…
China makes request to WTO in its dispute over Canadian EV and steel tariffs
China has submitted a request to Canada for consultation at the World Trade Organization on additional tariffs it has imposed on Chinese electric vehicles as well as steel and aluminum products, the Commerce Ministry said on Friday. “On Sept. 6,…
Canada’s unemployment rate rises to 6.6%, sparking concerns
Canada’s unemployment rate is just the latest economic indicator flashing red. It climbed to 6.6 per cent last month. Excluding the volatile swings of the COVID era, that’s the highest it’s been since 2017. And economists say the malaise in…
Canada’s unemployment rate rose in August amid tough summer job market
Canada’s unemployment rate increased to 6.6 per cent in August as students continued to face a difficult summer hiring season. Statistics Canada’s labour force survey on Friday showed the economy added a modest 22,000 jobs last month, lagging the pace…
Interest rates are dropping. What, if anything, will get cheaper?
Interest rates in Canada are finally coming down. The Bank of Canada trimmed its key policy rate for the third consecutive time on Wednesday, to 4.25 per cent, continuing an easing cycle that started in June. If you’re wondering what…
Canada has a bill of rights for air passengers. What about train riders?
A 10-hour delay on a Via Rail train in Quebec over the long weekend is raising questions about rail passengers’ rights in Canada — or the lack thereof. Passengers on a train from Montreal to Quebec City were left stranded…
Muslim countries’ local sodas see boost amid Coke and Pepsi boycott over Gaza
Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts targeting…
Bank of Canada cuts key interest rate to 4.25%, citing cooling inflation
In its third consecutive cut since June, the Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, citing the continued easing of inflation. While the move was widely anticipated by economists, the gradual pace of…
Clearview AI faces $45.6M fine in the Netherlands for ‘illegal database’ of faces
The Dutch data protection watchdog on Tuesday issued facial recognition startup Clearview AI with a fine of 30.5 million euros ($45.6 million Cdn) over its creation of what the agency called an “illegal database” of billions of photos of faces….
Jasper wildfire latest disaster in climate claim deluge facing Canada’s insurance sector
Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustment delays, according to insurance…
Australians now have the legal right to disconnect from work. But how effective will it be?
Australia’s right-to-disconnect law has come into effect — giving employees the right to refuse contact if their employers reach out to them by phone or email after hours, a type of law that has popped up around the world. “What we’re…
Lawyer couple found in contempt of court amid evidence they stole millions from homebuyers
A pair of Toronto lawyers accused of embezzling nearly $7 million from real estate clients has been found in contempt of court for failing to hand over financial records and answer questions about where the money went. Singa Bui and…
Judge acquits CPKC of contempt of court in ruling tied to long work hours
A Federal Court of Appeal judge has acquitted Canadian Pacific Kansas City Ltd. of contempt of court related to excessively long hours worked by employees. The ruling from Justice Donald Rennie sets aside a lower court decision, stating it is…
As temperatures rise, so will the cost of an AC unit
Cost of Living5:07The hot, sweaty irony of it all Star Vickery never used to need an air conditioning unit to stay cool in her home in Halifax. But summers are getting warmer, she says, and since she now works from…
As another cannabis retailer tries to save itself, is the industry going up in smoke?
Got a light? Canada’s weed industry could probably use it. Tokyo Smoke is the latest Canadian cannabis retailer to close some of its locations and seek creditor protection in an unpredictable industry grappling with too many stores, high overhead costs…
Credit freezes help stop identity fraud — so why are they only offered in Quebec?
When looking up his credit report earlier this year, Stéphane Hamel found out a car loan had been taken out in his name — from a bank he doesn’t even do business with. “I ended up… with a $25,000 loan…
Canadian economy grew in 2nd quarter, mostly from government spending and higher wages
The Canadian economy grew 2.1 per cent at an annualized rate in the second quarter of 2024, though GDP per capita fell for the fifth consecutive quarter, Statistics Canada said on Friday. The annualized growth rate was above the Bank of Canada’s…
Union launches court appeal over government move to end railway labour dispute
The union representing thousands of railroaders has appealed the moves that ended the rail shutdown last week — a work stoppage that halted freight and commuter traffic across the country. In filings to the Federal Court of Appeal, the Teamsters…
Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers
If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose…
Despite layoffs, Postmedia says don’t expect big changes to Atlantic Canadian newspapers
The chief executive officer of Postmedia is moving to reassure people in Atlantic Canada that they should not expect major changes in their local newspapers. At least, not right away. Toronto-based Postmedia acquired the assets of the insolvent SaltWire Network…
Tesla asked Canada to reduce tariffs on its EVs made in China, Reuters source says
Before Canada said this week it was imposing a 100 per cent duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a Canadian government source told Reuters on Wednesday. Canada, following the…
Flair Airlines says it’s offering flights for a loonie. Experts say it needs to get real
Would you buy a plane ticket for a loonie? Flair Airlines hopes so. The ultra low-cost carrier says it has launched a $1 base airfare deal for passengers flying back to Canada from sun destinations — but some experts are skeptical…
Like it or not — more of us are bagging our own groceries
Lawrence Barker says he’s frustrated that cashiers at major grocery stores he shops at no longer voluntarily bag his goods. Barker finds bagging a hassle, as he feels pressured to quickly pack items into his reusable bags before the next customer’s…
Zuckerberg regrets some Facebook decisions on COVID-19 done at behest of U.S government
Meta CEO Mark Zuckerberg says senior Biden administration officials pressured Facebook to “censor” some COVID-19 content during the pandemic and vowed the social media giant would push back if it faced such demands again. In a letter to Rep. Jim…
Park’N Fly reveals data breach affecting 1 million customer files
Parking provider Park’N Fly has disclosed that an unauthorized third party breached its network last month and gained access to one million customer files. The breach occurred from July 11 to July 13, but the company said in a statement that an investigation has…
Postmedia completes $1M purchase of Atlantic Canada’s largest newspaper chain
Toronto-based Postmedia Network Inc. says it has successfully closed its acquisition of Atlantic Canada’s largest newspaper chain. The $1-million deal for SaltWire Network Inc. and the Halifax Herald Ltd. was approved by a Nova Scotia Supreme Court judge on Aug….
Biometrics in the workplace may be the way of the future. But at what cost?
Cost of Living8:52Clocking in? Scan your fingerprint here When Ellie Thomson arrives at work, she doesn’t punch in on a physical clock or even check in on an app. Instead, she scans her finger. “Seeing everyone else go ahead and…
Postmedia begins takeover of parts of SaltWire Network
Postmedia has started the process of taking over those parts of the insolvent SaltWire Network that it plans to keep running. Atlantic Canada’s largest newspaper chain has been under court protection since March, when its largest creditor forced the company into…
Loblaw piloting ultra-discount No Name grocery stores in Ontario
Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills. The first three No Name stores will open in September in Windsor, St. Catharines and Brockville, capitalizing on…
How a rail stoppage could affect freight, farming, french fries and more
For the first time, Canada’s two main railway companies, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), are on the verge of a simultaneous labour stoppage. The companies say they will start locking out workers in the early…
B.C. developer, director fined $99K for causing ‘consumer harm’
A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority (BCFSA) said Halcyon Point Development and its director Dale Tortorelli…
Skip the Dishes, parent company laying off hundreds of employees in Canada
About 800 Canadian employees are being laid off by Skip the Dishes and its parent company. The workforce reduction will affect approximately 100 Canada-based workers with Skip the Dishes, the food delivery service’s chief executive, Paul Burns, said in a post on…
Canada’s inflation rate dips to 2.5% in July, lowest since March 2021
Canada’s annual inflation rate dropped to 2.5 per cent in July — down from 2.7 per cent in June, Statistics Canada said Tuesday. The national statistics agency said inflation increased at the slowest pace in more than three years, since March 2021. The deceleration…
U.S. military announces $20M US grant to build cobalt refinery in Ontario
The U.S. military has made its largest move so far in a novel national-security effort to fund mining initiatives in Canada. The Pentagon on Tuesday announced a $20 million US grant to create a cobalt refinery in northern Ontario’s Temiskaming Shores….
Canada’s Couche-Tard makes preliminary takeover bid for operator of 7-Eleven
The company behind the 7-Eleven convenience store chain in Japan says it has received a takeover offer from Alimentation Couche-Tard Inc. Terms of the proposal by the Canadian convenience store company were not disclosed. In a statement, Seven & i Holdings Co….
How Canada reached the brink of an unprecedented railway stoppage
Canadian National Railway, one of Canada’s two main rail companies, formally notified the Teamsters union in Canada on Sunday that it would start locking out union workers early on Thursday. “Unless there is an immediate and definite resolution to the…
Data centres are hungry for power, and Alberta is pitching itself as the place to build
Alberta is putting itself in the race for a slice of the soaring growth of data centres in North America. A pair of Alberta cabinet ministers set off for Silicon Valley last week with the sole focus of promoting the province as a…
U.S. inflation in July hits lowest rate in 3-plus years
Year-over-year inflation in the United States reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut…
Corus accuses Rogers of ‘predatory behaviour’ that undercuts broadcasting competitors
Corus Entertainment Inc. has filed a complaint with Canada’s broadcasting regulator alleging Rogers Communications Inc. is “engaging in predatory behaviour” to suppress potential competition. In a July 26 letter to the CRTC, posted online in redacted form this week, Corus…
Does signing up for Disney+ waive your right to sue the entertainment company — ever?
Does signing up for Disney’s popular streaming service mean you have agreed to never sue the entertainment giant over anything, forever? That is what Disney argues in a wrongful death lawsuit involving a 42-year-old New York doctor whose family claims…
Apple looks for more money by changing the math on Patreon
Content creators who use the online platform Patreon may need to increase prices for their supporters to make up for tech giant Apple claiming a 30 per cent share of any transactions completed within the platform’s app on iOS devices…
July home sales dipped on monthly basis, but up from a year ago, says CREA
Canadian home sales dipped by 0.7 per cent in July from the month before, the Canadian Real Estate Association said on Thursday. But monthly sales activity was 4.8 per cent higher than it was during the same period a year earlier. The…
Canada Jetlines grounds all flights, plans to file for creditor protection
Canada Jetlines is grounding all flights and says it is temporarily ceasing airline operations, effective immediately, making it the latest carrier to signal distress within Canada’s troubled commercial airline industry. The airline says it has been unable to find the…
Industry fears ‘catastrophe,’ economic fallout ahead of potential rail stoppage
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada’s main railway companies that could inflict billions of dollars of economic damage. As the world’s second-largest country by area, Canada relies heavily on…
Ford, Mazda issue ‘do not drive’ warning for older vehicles with faulty Takata airbags
Ford and Mazda are warning the owners of older vehicles in the United States and Canada not to drive them because they have dangerous Takata air bag inflators that have not been replaced. The warning issued Tuesday covers more than 374,000…
National railways stop some shipments ahead of possible lockout
Politics The country’s two main railways are starting to block shipments ahead of a possible strike or lockout next week. Canadian National Railway says in an internal memo that the company has started to embargo some hazardous goods from the…
How extreme weather affects food prices in Canada
Extreme weather events like fires, floods, heat waves and droughts pose an increasing risk to Canada’s food supply chain, putting pressure on prices all the way to the grocery store shelf, say experts. “Anytime you have major weather-related events, it…
Former RBC executive Nadine Ahn files $49M wrongful dismissal lawsuit against bank
The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal. RBC announced on April 5 that it had fired Nadine Ahn after an internal review found evidence…
Airlines ordered to compensate passengers in 50% of recent air travel complaint rulings, data shows
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…
‘On the brink’: Airlines flee small cities, cutting key links to rest of the country
While Canada’s total domestic passenger numbers now hover at around pre-COVID levels, air travel to smaller communities and even medium-sized cities has withered. (Gander International Airport Authority) From his office overlooking the runway at Gander International Airport, Reg Wright can…
GM Canada supports potential tariffs on Chinese EV imports amid market concerns
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,…
Court approves Postmedia bid for insolvent Atlantic newspaper chain
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…
Steel and aluminum CEOs warn of ‘existential threat’ if Canada doesn’t impose tariffs on China
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…
Unemployment rate unchanged in July, though jobless rate for young people continued to rise
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…
How Tim Hortons and other fast-food chains are navigating the value meal wars
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…
Rents are still rising across Canada, but at the slowest rate in 2 and a half years
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…
Bank of Canada summary suggests weak job market was a concern ahead of July rate cut
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…
‘It’s a lie,’ billionaire Frank Stronach says of 13 sex crime charges filed against him
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…
Social media platform X sues advertisers over alleged boycott after Musk’s Twitter takeover
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…
Calm returns to Wall Street as U.S. stocks hold steady during early trading
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by 1.6 per cent in midday trading and…
Google has illegal monopoly over online searches, U.S. judge rules
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…
World markets shaken over fears of U.S. recession as sell-offs deepen
Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.1 per cent in morning trading and on track…
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Canadian company that revolutionized live TV eyes new markets
3 days ago News Duration 2:07 Dejero is responsible for much of the live TV you see from the field, but with a declining television business, the Waterloo, Ont.-based company is partnering with Dell to bring its technology to emergency…
Just because Alberta’s economy is strong, doesn’t mean you’re not feeling a ‘me-cession’
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…
Intel’s stock plunges as company cuts 15% of workforce, struggling to fund chipmaking business
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….
Enbridge makes progress on utility purchases; raises earnings forecast
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…
Global stock markets end week in a slump over fears of U.S. recession
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…
Over 100,000 short-term rentals could be homes: StatsCan report
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…
First-time homebuyers can now apply for a 30-year mortgage. Is that a good thing?
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…