Ensure the Safety of Your Roofers
Safety of Your Roofers A roof is a high-risk environment for roofing professionals. Despite specialized safety equipment and regular training, accidents still occur. Falls are one of the leading causes of injuries and deaths for roofing workers. These can be…
Rogers to increase price of some wireless phone plans
Wireless phone plans will be getting more expensive for some Canadians this year. Rogers Communications Inc. will increase the cost of some of its plans in the coming weeks, the company confirmed to CBC News on Wednesday. Meanwhile, Bell is reportedly increasing…
Canada’s highest-paid CEOs make 246x the average worker, says new report
It was another record-breaking year for Canada’s richest CEOs. In one work day, and less than a half hour into the new year — 27 minutes to be exact — Canada’s 100 highest-paid CEOs will have already earned the average worker’s annual salary, according to…
Air Canada lands last in on-time flights in ranking of North American airlines
Air Canada notched the worst on-time performance among 10 large airlines in North America in 2023, according to a new report. The country’s biggest carrier landed 63 per cent of its flights on time last year, placing it last among the continent’s…
What does 2024 have in store for the Canadian economy?
It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing economy. But a handful of economic indicators give us some…
The gold rush is back — and now at a big-box store near you
Warehouse stores in Canada aren’t just selling large quantities of toilet paper these days — gold bars and coins and other precious metals are moving out of the realm of banking and jewellers and into their aisles. With gold hitting record-high prices in…
Mastermind Toys stopped accepting gift cards on Dec. 24 — when most cards were still wrapped
Riverview father Rudy Walters is speaking out after Mastermind Toys stopped accepting gift cards effective Christmas Day — with signs posted on their storefronts only days before. Walters said the move raises questions about the value of gift cards and about consumer protection when a…
Why flights between Newfoundland and Europe have Labrador Inuit shaking their heads
Two Inuit leaders in Labrador are calling on the Newfoundland and Labrador government to chip in for flights to their fly-in communities as the province becomes the latest to support leisure travel to and from international destinations. Johannes Lampe, president…
After years of turbulence, small clothing designers struggle for a sustainable model
Amid high inflation, rising operating costs and shrinking Canadian demand, clothing designers in Nova Scotia say they’re struggling to find a sustainable business model. Designers say they’ve had to adjust to significant changes in consumer behaviour, supply chain disruptions and inflation as…
BlendJet recall of millions of blenders over fire hazard, breaking blades includes 117,000 in Canada
BlendJet is recalling millions of portable blenders over laceration and fire hazards after receiving dozens of reports of injuries, U.S. regulators said Thursday. The U.S. Consumer Product Safety Commission (CPSC) says the recall covers about 4.8 million blenders in the U.S. and…
New York Times sues OpenAI, Microsoft for copyright infringement
The New York Times is suing OpenAI and Microsoft, accusing them of using millions of the newspaper’s articles without permission to help train artificial intelligence (AI) technologies. The Times said it is the first major U.S. media organization to sue…
Canada’s inflation rate holds steady at 3.1%
Canada’s annual inflation rate held steady at 3.1 per cent in November, matching the previous month’s rate, according to data released by Statistics Canada on Tuesday. Economists were expecting the rate to fall below the three per cent threshold, putting the economy…
Meet Oscar, the Canadian-built, AI-driven recycling system helping governments go green
Standing in the middle of a cafeteria at Global Affairs, Soren Antosz was testing Oscar, a new, high-tech tool popping up in federal government buildings. Antosz holds up a paper napkin. That’s compostable, flashes the message on Oscar’s screen. Next…
Some mortgage rates are dropping, but renewed loans could keep economy slow
As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on certain types of mortgages. Rates of less than five per…
Harry Rosen, founder of Canadian menswear chain, dies at 92
The founder of Canadian men’s clothing retailer Harry Rosen Inc. has died at 92. Rosen opened his first made-to-measure menswear store on Parliament Street in Toronto in 1954 along with his brother Lou and ran the company for 51 years until his…
Mastermind Toys customers warned to use gift cards by Dec. 24 as company is set to change hands
Mastermind Toys shoppers have less than a week to redeem store gift cards. The Canadian toy retailer announced earlier this month that it had signed an asset purchase agreement with Unity Acquisitions Inc. Mastermind filed for creditor protection under the Companies’ Creditors Arrangement Act (CCCA)…
Honda recalling about 4.5M vehicles worldwide over fuel pump issue
Honda Motor’s American unit is recalling about 4.5 million vehicles worldwide over risks of fuel pump failure, the Japanese automaker said. The recall includes 2.54 million vehicles in the United States and comes after the automaker previously recalled 628,000 U.S….
Have you seen viral videos of long lineups of people looking for work? Here’s the possible reason for them
Videos and pictures of hundreds of people lined up outside businesses in Ontario in efforts to land jobs have gone viral on social media. The videos, taken in Waterloo region and other cities, include ones on the social media platform Reddit, where users…
Alberta coal policy changes triggers joint lawsuit from coal companies
A trial date has been set for early 2025 to sort out whether Alberta is liable for billions in compensation due to policy changes for coal development in the province. In four separate statements of claim, coal companies allege that Alberta’s…
HSBC sale to RBC ‘a sad day for Canadian mortgage consumers,’ expert says
The rubber-stamped sale of HSBC’s Canadian operations to Royal Bank will lessen competition on mortgage rates, says one analyst who touted the bank’s key role in lowering borrowing costs through its presence in Canada. Mortgage strategist Robert McLister called it “a…
Canada’s economy stalled again in October but likely up 0.1% in November
Canada’s economy was essentially unchanged for the third consecutive month in October, missing growth forecasts, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast a 0.2 per cent…
In the market for a diamond? Stones that are manufactured, not mined, are gaining in popularity
When Evelyn Schaffer first saw her engagement ring, she was speechless. It was a 0.76-carat, oval-cut stunner — and she said no one has been able to tell that the diamonds were created in a lab. “I’ve never seen anything like…
Montreal-based Pornhub owner reaches deal with U.S. prosecutors over ties to alleged sex trafficking
The Montreal-based company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed. Lawyers for Aylo Holdings, formerly…
Electric scooter company Bird Canada says operations not affected by U.S. bankruptcy
Electric scooter rental company Bird says its Canadian operations won’t be affected by the company’s bankruptcy proceedings in the U.S. Canadian COO Alex Petre told CBC News that Bird Canada is not part of the filing and Canada “remains a key priority market…
Bank of Canada’s governing council agreed odds of another interest rate hike have fallen
The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month. The central bank released its summary of deliberations for its Dec. 6 interest…
As Christmas tree farmers retire, who will take over?
Brad Clements, 82, has been growing Christmas trees near Milton, Ont., since the 1980s but is getting ready to pack it in. “We’re looking at closing it up in the next year or so, if not sooner,” said Clements, owner…
Canada lays out plan to phase out sales of gas-powered cars, trucks by 2035
The end of the road is coming for gas-powered vehicles in Canada. New regulations being published this week by Environment Minister Steven Guilbeault will effectively end sales of new passenger vehicles powered only by gasoline or diesel in 2035. Guilbeault…
As the holidays approach, Canadians say they’re being tipped over the edge
Cathy Khalil recently tipped five bucks on an $18 box of doughnuts at one Ottawa store — and says she has no regrets. “I think when people see [the options on the debit machine] they feel obligated, sometimes, to tip,”…
U.S., Canada to join multi-national operation to counter attacks on commercial ships in Red Sea
The United States, Canada and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, U.S. Defence…
It’s not just a label for meat: halal investments target Islamic customers
Whether it’s mutual funds, savings accounts or stock trading, millions of Canadians depend on investments for their financial future. But for some Muslims, faith took many monetary options off the table because of religious restrictions around concepts like paying — or being paid —…
E-readers were supposed to kill printed books. Instead, they’re booming
Cost of Living8:55The return of the bookstore When e-readers like the Amazon Kindle burst onto the scene, showing up next to menorahs and under Christmas trees in the early 2000s, they were predicted to bring about the death of the…
Will Airbnb bans actually help renters and buyers find a place to live?
Governments across Canada are clamping down on short-term rentals in hopes of increasing housing. But will the new rules limiting platforms such as Airbnb and Vrbo actually help renters and buyers find a place to live?
Will Airbnb bans boost housing?
Governments across Canada are clamping down on short-term rentals in hopes of increasing housing. But will the new rules limiting platforms such as Airbnb and Vrbo actually help renters and buyers find a place to live?
Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his final speech of the year, the governor laid out his expectations…
Rogers Sugar strike negotiations hit impasse over company’s demand for 24/7 operations
Rogers Sugar Inc. says it is pausing negotiations after the union representing striking workers at its Vancouver refinery rejected the company’s latest offer. Workers have been on strike since Sept. 28 over issues including wages, benefits and the company’s demand to…
Tesla recalling over 2 million cars in the U.S. and Canada over system that checks if drivers are alert
Tesla is recalling more than two million vehicles it sold in the U.S. and 193,000 sold in Canada to fix a defective system that is supposed to ensure drivers are paying attention when they use Autopilot. Documents posted Wednesday by U.S. safety…
Air Transat avoids strike after reaching tentative deal with flight attendant union
Air Transat and the union representing its flight attendants, a unit of The Canadian Union of Public Employees, have reached a tentative agreement subject to a vote to renew their collective agreement, according to a press release the airline released today. Details of…
Dollarama sales, profit way up after growing total number of stores
If domestic manufacturers and suppliers keep pushing their prices up on food and several household goods, Dollarama Inc.’s chief executive says retailers will have no choice but to raise prices too. “Retailers are doing their best not to push those…
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024
For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year. Those envisioned rate cuts — which wouldn’t…
COP28 reaches groundbreaking climate deal in Dubai calling for ‘transitioning away from fossil fuels’
After negotiators worked through the night, a new deal has been reached at COP28 which could signal the world’s desire to move away from fossil fuels over the next few decades in an effort to address climate change. Representatives from nearly 200…
Toymaker Hasbro will cut 900 jobs in addition to earlier layoffs
Hasbro said on Monday it would cut another 900 jobs globally, nearly a year after the toymaker announced it would reduce 15 per cent of its workforce amid weaker sales. Hasbro had said in January it would cut about 1,000 full-time…
SmileDirectClub shuts down months after filing for bankruptcy protection
SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for bankruptcy protection. In a Friday announcement, the U.S.-based company that was operating in multiple countries, including Canada, said it had made an “incredibly difficult decision to wind down…
Indigenous advisory council for CN resigns, says railway won’t accept responsibility
A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. has resigned over what they say is the company’s failure to acknowledge past wrongs and follow its recommendations for reconciliation. The resignations by all 12 members of…
Helium startups on the Prairies hope to keep domestic supplies afloat
To the untrained eye, the collection of pipes and structures rising out of the prairie 200 kilometres east of Calgary looks like any other natural gas processing plant in southern Alberta. But the Steveville plant isn’t focused on extracting hydrocarbons. Instead,…
U.S. ‘beginning’ internal discussions about renewing North American trade pact
For anyone with lingering night terrors from the last renegotiation of NAFTA, the notion of reopening the pact might evoke the trailer for a classic horror movie sequel: It’s baaaaa-aaaack. But this time is different, says the U.S. envoy to Canada….
McDonald’s eyes record global expansion in coming years, with more focus on delivery
McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per…
Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene
Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for seven years, acting as a “liaison” for homeowners needing help…
Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say
The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn’t go nearly far enough. The deal concerns what is…
Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme
The bread supplier that admitted to price-fixing earlier this year says any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods. In a statement of defence for a class-action…
Grocery code of conduct will raise prices, not lower them, Loblaws and Walmart tell lawmakers
The head of Canada’s biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones. Speaking at a House of Commons agriculture committee meeting on Thursday morning on…
CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules
Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week…
Soaring cost of baby formula puts extra pressure on new parents
When it comes to feeding her newborn son, Ashleigh Ottley knows it takes a village. Unable to produce enough breast milk after an emergency c-section, the 20-year-old from Chilliwack, B.C., says friends and family from across the country — as far away as Ontario — will send…
As expected, Bank of Canada holds interest rate steady at 5%
The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early 2022 to slow down runaway inflation, the bank has been…
Products returned to Amazon found at Toronto liquidation stores — along with buyers’ personal info
Ottawa resident Arthur Stewart said he was “surprised” and “concerned” to learn a package he returned to Amazon’s fulfilment centre in Mississauga, Ont., was recently being sold at a liquidation store in Toronto — with the shipping label showing his…
RBC handed $7.4M penalty from financial intelligence agency
Business Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures. Violations include failing to submit suspicious transaction reports, says Fintrac agency The Canadian Press ·…
Canada’s grocery sector among the most competitive on Earth, claims Sobeys CEO
The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet, even as Canadians continue to feel the bite of higher prices. “Although our country’s food inflation has been among…
Canada added 25,000 jobs last month, StatsCan says
Canada’s economy added 25,000 new jobs in November, Statistics Canada reported Friday. Despite the slight increase in jobs, the unemployment rate inched up to 5.8 per cent, as more people were looking for work, too. Canada’s unemployment rate has ticked…
BMO raises dividend, even as profits slump and loan loss provisions increase
BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago. The bank said Friday it will now pay a quarterly dividend of $1.51 per share, up from $1.47 per share. The increased…
Canopy Growth books $30M from sales of Biosteel assets
Business Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million. Company went into insolvency proceedings a few weeks ago The Canadian Press · Posted: Dec 01, 2023 10:55 AM EST |…