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CBC Business News
Canada's foreign student push 'mismatched' job market, data show
Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data.
The shadow fleet of oil tankers enabling Russia's war and undermining global sanctions
Despite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called shadow fleet of tankers to make as much as $1 billion a day selling oil, skirting a global price cap and funding its war in Ukraine.
Shopify's shares hit a 6-month low after quarterly growth slows
Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent on Wednesday.
FTX says most customers will get all their money back less than 2 years after crypto fraud crisis
FTX says that nearly all of its customers will receive the money back that they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded.
TikTok is suing the U.S. over 'obviously unconstitutional' law that would ban it
TikTok and its Chinese parent company, ByteDance, are suing the U.S. over a law that would ban the popular video-sharing app unless it's sold to another company, arguing that it relies on vaguely painting it as a threat to national security to get around the First Amendment.
Boeing under investigation after workers falsified inspection records on some Dreamliners
The Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its engineers have determined that misconduct did not create "an immediate safety of flight issue."
Hundreds strike at Nestle chocolate plant in Toronto: Unifor
Hundreds of Nestle workers walked off the job in Toronto on Sunday after rejecting a tentative agreement the union reached with the chocolate maker.
Competition Bureau investigating Lululemon over greenwashing allegations
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.
Work stoppage averted as WestJet, aircraft engineers' union reach tentative deal
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.
Provincial governments facing higher debts and more financial pressure
After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder.
London Drugs begins to gradually reopen stores after cyberattack
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.
WestJet issues lockout notice to mechanics' union
Airline president says work stoppages could begin as early as Tuesday at noon MT.
Canada Post lost $748 million last year, warns of 'critical' financial situation
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.
Is the Loblaw boycott privileged? Here's why some people aren't shopping around
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.
TD Bank could face more severe penalties after drug money laundering allegations, says analyst
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.
Canada's shopping for a foreign grocer. Can an international retailer succeed here?
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.
Amazon Prime's NHL deal breaches cable TV's last line of defence: live sports
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.
London Drugs reviewing billions of lines of code as it attempts to recover from cybersecurity incident
London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again.
Peloton CEO steps down as fitness company announces 15% cut to global workforce
Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.
'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs
The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday.