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Business News

Luxury retailer Ted Baker begins store-closing liquidation sales

CBC Business News - Mon, 2024-05-13 11:33

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month.

Categories: Business News

RBC poised to outperform rivals thanks to HSBC deal, say analysts

Financial Post TopStories - Mon, 2024-05-13 11:13
Dividend increases among the big banks expected to be muted when earnings come out next week
Categories: Business News

Billionaire businessman Arthur Irving dead at 93

CBC Business News - Mon, 2024-05-13 10:20

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93.

Categories: Business News

Melinda French Gates steps down from charitable foundation that bears her name

CBC Business News - Mon, 2024-05-13 10:10

Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation, one of the largest private charitable organizations in the world.

Categories: Business News

Canada's next EV supply chain plant landing in Port Colborne, Ont.

CBC Business News - Mon, 2024-05-13 08:21

The next Ontario community to share in Honda Canada's $15-billion investment to establish a Canadian electric vehicle supply chain will be Port Colborne, in Niagara Region. Company executives are expected to join Prime Minister Justin Trudeau and Ontario Premier Doug Ford at the official announcement on Tuesday.

Categories: Business News

Posthaste: This province's growth plunged and it's still whomping the rest of Canada

Financial Post TopStories - Mon, 2024-05-13 05:01
Only Newfoundland saw a bigger decline in GDP per capita
Categories: Business News

Don't ignore the threat to the loonie that's lurking across the pond, economist warns

Financial Post TopStories - Mon, 2024-05-13 04:00
Avery Shenfeld believes the greenback has been bid up to the point where it is overvalued
Categories: Business News

Customer who filed complaint against TD Bank refuses to sign gag order to get compensation

CBC Business News - Mon, 2024-05-13 01:00

After a Toronto-area man said he was misled about the perks of signing up for a TD Bank account, it offered compensation but insisted he sign a non-disclosure agreement to get the money. The increased use of NDAs is a worrisome trend that is stifling freedom of expression, says one legal expert.

Categories: Business News

Prominent charity serving Black business community paid $1.5M to 2 board members' companies, records show

CBC Business News - Mon, 2024-05-13 01:00

Some members of a prominent charity for the Canadian Black business community are calling for its board of directors to resign and for a third-party audit after discovering the non-profit paid two former board members’ companies at least $1.5 million for services while they were on the board or CEO of the charity. The Black Business and Professional Association says it has committed to an independent review.

Categories: Business News

Workers can form union at Amazon warehouse in Laval, Que., a first in Canada

CBC Business News - Mon, 2024-05-13 01:00

The first Amazon warehouse to be unionized in Canada got its accreditation from Quebec's labour tribunal on Friday.

Categories: Business News

Europe's gas supply once again hinges on one company

Financial Post TopStories - Sun, 2024-05-12 22:34
Equinor now plays an outsized role in the ups and downs of the continent’s gas prices
Categories: Business News

Cineplex expands beyond the big screen

Financial Post TopStories - Sun, 2024-05-12 08:00
Watch Ellis Jacob, CEO of Cineplex, talk about the earnings boost the movie chain got from its arcade business and how that and AI fit into the company's wider strategic plans
Categories: Business News

AI, but make it fashion; Can travel be more accessible?: CBC's Marketplace cheat sheet

CBC Business News - Sun, 2024-05-12 05:00

CBC's Marketplace rounds up the consumer and health news you need from the week.

Categories: Business News

Having a newborn can be tough. This business will help — for $850 a night

CBC Business News - Sun, 2024-05-12 01:00

A business billing itself as Canada's first postnatal retreat has launched in Toronto. For a minimum of $850 a night, new parents get 24/7 support adjusting to life with their babies — a business model some doctors say points to a need for better postpartum care across the board.

Categories: Business News

South Asian liquor lovers in Ontario frustrated by absence of favourite brands at LCBO

CBC Business News - Sun, 2024-05-12 01:00

Distributors of South Asian alcoholic brands in Ontario say that they do not receive adequate shelf space, and the absence of a destination store for South Asian brands makes it challenging to sell in Ontario.

Categories: Business News

B.C. ends jade mining in northwest, all mines to close in 5 years

CBC Business News - Sat, 2024-05-11 14:49

Many jade mining sites in the Turnagain region of northwestern B.C. are only accessible by helicopter, which makes it difficult for the province to monitor the companies, according to a statement.

Categories: Business News

Flair Airlines CEO bullish on future of discount airlines. Others aren't so sure

CBC Business News - Fri, 2024-05-10 15:34

With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada.

Categories: Business News

June interest rate cut a 'toss-up': What the jobs bonanza means for the Bank of Canada

Financial Post TopStories - Fri, 2024-05-10 09:17
Economy added 90,000 jobs in April, but unemployment rate held at 6.1%
Categories: Business News

Canada unexpectedly added 90,000 jobs in April, though unemployment stayed flat at 6.1%

CBC Business News - Fri, 2024-05-10 05:50

The Canadian economy gained 90,000 jobs in April, much higher than many economists predicted. However, the unemployment rate stayed the same as the month before, according to the latest numbers from Statistics Canada.

Categories: Business News

Posthaste: Ontario cities have the highest credit card debt in Canada with Barrie taking top spot

Financial Post TopStories - Fri, 2024-05-10 05:00
Barrie, Ont., residents have an outstanding credit card balance of $3,521.54 on average
Categories: Business News
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