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Business News

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

Financial Post TopStories - Tue, 2024-05-07 05:02
Loonie under pressure as U.S. dollar soars and Bank of Canada looks set to cut rates, says TD
Categories: Business News

Hundreds strike at Nestle chocolate plant in Toronto: Unifor

CBC Business News - Mon, 2024-05-06 06:45

Hundreds of Nestle workers walked off the job in Toronto on Sunday after rejecting a tentative agreement the union reached with the chocolate maker.

Categories: Business News

Posthaste: Canadian dream of owning a home is fading for a whole generation

Financial Post TopStories - Mon, 2024-05-06 05:04
Millennials and gen z have seen the most significant decline in homeownership
Categories: Business News

Competition Bureau investigating Lululemon over greenwashing allegations

CBC Business News - Mon, 2024-05-06 05:01

Canada's Competition Bureau has opened a formal investigation into Lululemon's environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday.

Categories: Business News

Work stoppage averted as WestJet, aircraft engineers' union reach tentative deal

CBC Business News - Sun, 2024-05-05 22:20

WestJet and the union representing its maintenance engineers reached a tentative agreement late Sunday, averting a work stoppage that could have started disrupting flights as early as Tuesday afternoon.

Categories: Business News

Here's why gas prices are already up ahead of the summer surge

Financial Post TopStories - Sun, 2024-05-05 06:00
Watch gas price expert Dan McTeague explain what's behind the recent jump at the pumps
Categories: Business News

Provincial governments facing higher debts and more financial pressure

CBC Business News - Sun, 2024-05-05 05:00

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder.

Categories: Business News

London Drugs begins to gradually reopen stores after cyberattack

CBC Business News - Sat, 2024-05-04 15:13

London Drugs says it is gradually reopening its stores across Western Canada, six days after the retail and pharmacy chain shuttered all locations, due to a cybersecurity incident.

Categories: Business News

WestJet issues lockout notice to mechanics' union

CBC Business News - Sat, 2024-05-04 12:12

Airline president says work stoppages could begin as early as Tuesday at noon MT.

Categories: Business News

Trans Mountain 'one of the most bullish catalysts' for Canadian oil in years, analysts says

Financial Post TopStories - Sat, 2024-05-04 06:00
Watch oil expert Eric Nuttall talk about Canada's newest pipeline and what it means for oil prices and oil companies
Categories: Business News

Canada Post lost $748 million last year, warns of 'critical' financial situation

CBC Business News - Fri, 2024-05-03 16:13

Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.

Categories: Business News

Is the Loblaw boycott privileged? Here's why some people aren't shopping around

CBC Business News - Fri, 2024-05-03 13:12

Location. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer.

Categories: Business News

TD Bank could face more severe penalties after drug money laundering allegations, says analyst

CBC Business News - Fri, 2024-05-03 12:25

TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.

Categories: Business News

OSC pledges tougher and more visible enforcement

Financial Post TopStories - Fri, 2024-05-03 10:32
Plans for Canada's largest capital markets regulator nod to Ontario government expectations of less regulatory burden
Categories: Business News

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

Financial Post TopStories - Fri, 2024-05-03 07:45
Key data points indicate the central bank is keeping policy 'far too tight'
Categories: Business News

Posthaste: Over half of Canadians would pay more to support small grocers

Financial Post TopStories - Fri, 2024-05-03 05:00
58% would choose to pay more for items and services to support a small business
Categories: Business News

Canada's shopping for a foreign grocer. Can an international retailer succeed here?

CBC Business News - Fri, 2024-05-03 01:00

With some Canadian consumers struggling to afford groceries, and as frustrations with corporate profits boil over, the federal government says it's trying to coax international grocers to set up shop in Canada. 

Categories: Business News

Amazon Prime's NHL deal breaches cable TV's last line of defence: live sports

CBC Business News - Fri, 2024-05-03 01:00

Cable TV's last line of defence against cord cutting has long been the audience for live sports. But streaming companies that have bled the cable giants of viewers for years are now bidding for the rights to stream NHL, NBA, MLB and NFL games.

Categories: Business News

Loblaw faces 'misguided criticism' as boycott begins, Galen Weston says

Financial Post TopStories - Thu, 2024-05-02 13:46
Grocer reported profits grew almost 10 per cent year-over-year to $459 million
Categories: Business News

Apple jumps in late hours as tech lifts stocks

Financial Post TopStories - Thu, 2024-05-02 13:39
Apple Inc. sales declined less sharply than feared
Categories: Business News
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