Flying Air Canada Next Week? Key Info on Rebooking & Refunds

You're ready to travel, but there's still uncertainty about whether Air Canada will get you to your destination. Lesley Keyter,....

Empire Expects Full-Service Grocery Stores to Thrive with Economy Boost

Empire Co. Ltd., the parent company of Sobeys, is optimistic about an economic recovery as it sees the sales gap....

Air Canada Pilot Strike Threatens Travel: What to Know

A looming Air Canada pilot strike could disrupt travel for thousands, as negotiations between the airline and the Air Line....

PwC to monitor employee locations amid office attendance rule

PwC has announced new measures to track its employees' locations as part of a push to enforce stricter office attendance....

Mississauga Walmart Workers To Vote On Joining Unifor Union

Employees at a Walmart warehouse in Mississauga, Ontario, are set to start voting on Tuesday to decide if they want....

Google Hit with Antitrust Trial After Monopoly Ruling

A month after a judge declared Google's search engine an illegal monopoly, the tech giant now faces another significant legal....

Former RBC Exec Ahn Denies Alleged Relationship with Subordinate

In a recent development, former Royal Bank of Canada (RBC) Chief Financial Officer Nadine Ahn has denied all accusations regarding....

Proposed Stamp Price Hike by Canada Post in 2025

Canada Post is considering a price increase for postage stamps, planning to raise the cost of most stamps by 25....

Red Lobster Emerges from Bankruptcy Protection After Sale Approval

After a challenging period marked by multiple restaurant closures and financial struggles, Red Lobster is set to exit Chapter 11....

CPA Canada Offers New Membership to Ontario and Quebec Accountants Amid Split

As the split between the accountants' regulators in Ontario and Quebec and their national counterpart, CPA Canada, approaches, CPA Canada....

Wall Street Declines as Tech and Energy Stocks Slide

Wall Street continued to slide on Wednesday, following Tuesday’s significant drop, as technology and energy stocks weighed on the market.....

HandyDART Co-Founder Supports Workers in Vancouver Strike

Tim Louis, a key figure behind the creation of HandyDART, is standing firmly with workers as their strike in Metro....

Clearview AI fined $45.6M in Netherlands for face database

Clearview AI, a U.S.-based facial recognition company, has been hit with a 30.5 million euro fine ($45.6 million Cdn) by....

Calgary adjusts pumps to ease water strain, issues bylaw tickets

Calgary officials have devised a strategy to manage the city's water supply more effectively while crucial repairs are underway on....

Thousands of U.S. Hotel Workers Go on Strike Over Labour Day Weekend

During Labour Day weekend, more than 10,000 hotel workers in the U.S. staged strikes, demanding better wages, manageable workloads, and....

Fed's Success with Soft Landing Leaves Many Americans Unimpressed

In a recent speech, Federal Reserve Chair Jerome Powell expressed optimism about the U.S. economy, indicating that the inflation surge....

Trudeau's Immigration Shift Forces Rethink on Tackling Labour Shortages

The Liberal government, led by Prime Minister Justin Trudeau, has reversed its decision to ease the rules around Canada's temporary....

Canadian Business Outlook: What to Watch This Week

In the week ahead, several important developments in the Canadian business world are set to unfold. Here are the key....

Is Canada’s Cannabis Industry Headed for a Collapse?

Tokyo Smoke, a well-known Canadian cannabis retailer, is the latest in the industry to struggle amid tough market conditions. The....

 Flair Airlines Offers $1 Flights, Experts Question Deal's Feasibility

Flair Airlines is making headlines with its latest promotion: flights for just $1. The budget carrier has introduced this base....

Tesla Requests Lower Tariffs on Chinese-Made EVs in Canada

Tesla recently approached the Canadian government with a request to reduce the tariffs on its electric vehicles (EVs) manufactured in....

Brazil's Top Court Threatens to Halt X Operations Amid Feud

On Wednesday, a Brazilian Supreme Court justice warned that local operations of X, previously known as Twitter, could face shutdown....

Nvidia stock dips despite strong earnings and AI chip demand surge

Nvidia recently reported a significant surge in profits, driven by its stronghold in the chipmaking sector, which has solidified its....

BMO's Loan Issues Hit Quarterly Results Again

TORONTO- BMO Financial Group’s quarterly results have been negatively impacted by issues with its loan portfolio, leading analysts to worry....

Canadian Dollar Hits 5-Month High as U.S. Dollar Slips

On Tuesday, the Canadian dollar hit to its highest point in five months against the U.S. dollar. This increase followed....

Rocky Mountain Coal Hearings Set to Proceed Despite Appeal

The Alberta Energy Regulator is moving forward with public hearings on coal exploration in the Rocky Mountains, despite a recent....

Canada to Impose Tariffs on China’s EVs, Aluminum, Steel

Canada is introducing new tariffs on electric vehicles (EVs) imported from China, aiming to prevent these vehicles from gaining a....

GO Transit to Resume Service From Monday After Railway Dispute

Metrolinx, the agency managing Ontario’s GO Transit system, announced that service will resume on the Milton GO line and at....

French Authorities Detain Telegram CEO Pavel Durov at Paris Airport

Pavel Durov, the founder and CEO of the messaging app Telegram, was detained at Paris-Le Bourget Airport on Saturday evening.....

Latest Update on Labor Dispute at Canada's Top Two Railways

The Canadian government is stepping in to address a nationwide rail strike involving the country's two largest rail companies. However,....

Air Canada Pilots May Strike Next Month After Strong Vote

Air Canada pilots have strongly backed a strike mandate, potentially setting the stage for a walkout as soon as September....

Canadians Await Railway Reopening Details After Federal Intervention

Businesses and industry leaders are eagerly waiting for news on when Canada's freight trains will resume operations. A full day....

Italy and EU's Beach Concession Dispute Might Be Near Its End

Italy’s beaches have become the center of a heated debate this summer, as the European Commission continues its long-standing conflict....

Google to Pay Millions for California News, Journalists Criticize Deal

Google is set to provide California with millions of dollars to support local journalism jobs in a pioneering agreement. However,....

Gold Prices Hit Record High; Here's Why

Gold has reached new heights this week, achieving an all-time high. On Tuesday, the spot price for gold closed at....

Ford Takes $1.9B Step Back from EVs to Focus on SUVs

Ford Motor Co. is once again adjusting its electric vehicle strategy, announcing the cancellation of a planned fully electric SUV....

Canada's Top 2 Freight Railroads Halt Operations Over Contract Dispute

TORONTO— Both of Canada’s major freight railroads have halted operations due to a contract dispute with their workers, posing a....

Walmart Sells $3.74B Stake in JD.com to Focus on China Operations

HONG KONG, Aug 20 (Reuters) - Walmart has divested its entire stake in Chinese e-commerce giant JD.com, ending an eight-year....

‘Skip the Dishes' Parent Company Cuts Hundreds of Canadian Jobs

SkipTheDishes and its parent company, Just Eat Takeaway.com, are set to lay off approximately 800 employees. On Tuesday, SkipTheDishes CEO....

Australian Government Approves World’s ‘Largest Solar Precinct’

In a significant development, the Australian government has approved the environmental permits for a groundbreaking $19 billion solar energy project.....

Cogeco Sign for New Agreement to Expand Wireless Services in Canada

Cogeco Inc. has announced new partnerships with a major national wireless network operator and Eastlink as part of its strategy....

Couche-Tard Eyes Global Retail Giant with Bold Bid for 7-Eleven

A leading Canadian convenience store chain might soon grow even larger as the owner of Circle K, Alimentation Couche-Tard Inc.,....

Apple Expects More Revenue with New Patreon Fee Structure

Starting in November 2024, content creators using Patreon may face higher costs for their supporters due to a new fee....

Perdue Recalls 167,000 Pounds of Nuggets After Metal Found

Check your freezer for a possible recall. Perdue Foods is pulling more than 167,000 pounds of frozen chicken nuggets and....

Nearby Town Stands By Fire-Hit Jasper For The Long Haul

Finding a hotel room in Hinton, Alberta, has become a challenge recently. Since late July, the town of 10,000 has....

Housing Market Stable in July, Shows Signs of Active Market: CREA

OTTAWA— Canada's housing market showed a slight cooling in July compared to June, according to the Canadian Real Estate Association....

Canada Jetlines Grounds All Flights, Seeks Creditor Protection

Canada Jetlines, the low-cost airline that took to the skies less than two years ago, has ceased operations due to....

CRTC Broadens Internet Providers' Access to Telecom Networks

Canada's telecommunications regulator, the CRTC, is broadening a previous decision to allow smaller internet providers to use the fibre networks....

Costco Trails Membership Card Scanner At Several Canadian Stores

Costco Wholesale is currently testing new membership card scanners at the entrances of several of its stores across Canada. The....

Chipotle's Brian Niccol to Replace Narasimhan as Starbucks CEO

Starbucks is undergoing significant leadership changes amidst declining sales and investor dissatisfaction. The company announced on Tuesday that it is....

B.C. Securities Commission Uncovers $13m Crypto Trading Fraud

VANCOUVER – The British Columbia Securities Commission has determined that a cryptocurrency trading platform, ezBtc, along with its owner, David....

Solar Industry Thrives with Rising Demand for Weed-Eating Crew

Under the scorching sun, Janna Grier steps out of her truck to tend to her flock of sheep, who are....

Goodyear invests $575M to expand Ontario plant for EV tires

Goodyear Canada is set to invest over $575 million to expand and modernize its plant in Napanee, Ontario, focusing on....

Airlines Abandon Small Cities, Disrupting Key Connections

MONTREAL — From his office at Gander International Airport, Reg Wright has a clear view of every flight arriving and....

Canada’s Job Losses Hit 2,800; Unemployment Rate Stuck at 6.4%

Canada's job market showed signs of further weakening in July, with the economy losing 2,800 jobs and the unemployment rate....

Elf Beauty Sees Sales Surge as Lip Oils Attract Budget Shoppers

Elf Beauty Inc. reported a significant 50% increase in revenue for the latest quarter compared to the same period last....

Rail Lockout Looms in Two Weeks After Labour Board Ruling

Two of Canada’s largest railways have issued warnings of an impending lockout of workers, set to begin on August 22,....

Tim Hortons' Sales Success Sets a Strong Example in Canada's Economy

On Thursday, shares of Restaurant Brands International (RBI), the parent company of Tim Hortons, experienced an uptick following the company’s....

Paris Olympics Hit Air Canada's Summer Sales, Profits Plunge

Air Canada's role as the official carrier of Team Canada did not shield it from the summer sales impact caused....

BOC Concerned About Weak Job Market Before July Rate Cut

The Bank of Canada aims to accelerate economic growth, but some members of its governing council worry that a weak....

Elon Musk's X Sues Advertisers for 'Massive Boycott' Post-Twitter Takeover

Elon Musk's social media platform, X, has filed a lawsuit against several advertisers, claiming a "massive advertiser boycott" led to....

Microsoft Responds to Delta's $500M Tech Outage Claim

Microsoft and cybersecurity firm CrowdStrike are teaming up to challenge Delta Air Lines' accusations that their technology caused thousands of....

Shippers Face Uncertainty as Rail Strike Threatens Operations

MONTREAL - Industries across Canada are on edge as a potential rail strike by thousands of workers threatens to disrupt....

Boeing and Spirit Execs to Testify at NTSB MAX 9 Hearing

The National Transportation Safety Board (NTSB) announced that several Boeing and Spirit AeroSystems executives will testify at a two-day hearing....

Google Faces Major Setback in Antitrust Trial

A federal judge has ruled that Google violated U.S. antitrust laws by abusing its dominance in online search and advertising.....

Drugstores Revamp as Traditional Business Models Face Challenges

American drugstores are exploring smaller store formats and new ways to provide care as price-sensitive customers seek alternatives. Walgreens and....

Imperial Oil's net income rises to $1.13 billion from $675M

Imperial Oil Ltd. recently shared an exciting update about a major renewable diesel project that's taking shape near Edmonton. The....

Amazon's Profits Rise But Revenue Falls Short, Affecting Stock Prices

Amazon reported a significant increase in its quarterly profits, yet the company fell short of revenue expectations, causing its stock....

Intel to Cut 15,000 Jobs in Bid to Revive Business and Compete

Chipmaker Intel is set to lay off 15% of its workforce, which equates to approximately 15,000 jobs, in an effort....

Toyota’s Quarterly Profit Hits Record, Thanks to Weak Yen

Toyota's profit for the April-June period saw a slight increase of 1.7%, reaching a record 1.33 trillion yen ($8.9 billion).....

UOB's Wealth Fees Boost Profits Amid Falling Loan Income

United Overseas Bank Ltd. (UOB) reported a slight drop in its second-quarter profit due to a decrease in lending income.....

Starbucks sees sales drop as customers avoid pricey coffee

Starbucks is facing a tough time as customers react to its pricey $6 iced coffees and lemonades. The company's global....

Jasper businesses struggle to recover as tourism hits a snag

At the height of summer tourism, Jasper, a popular town in one of Canada’s most famous national parks, is facing....

Microsoft 365 and Azure services face global disruption

On Tuesday, customers around the world experienced trouble accessing Microsoft’s 365 services and Azure cloud platform. The issues began around....

Toyota's global production drops in June due to Japan, China

Toyota faced a significant drop in global production in June, marking the fifth consecutive month of decline. The automaker's output....

Canada to investigate Airline Cost and quality concerns

The Competition Bureau of Canada has announced a comprehensive market study on domestic airline services due to growing concerns about....

Lamborghini CEO expects a great year and plans electric models

Lamborghini is embarking on an exciting new chapter as it shifts towards electrification, according to CEO Stephan Winkelmann. Speaking with....

Bell Canada president admits Yukon cell network slowed by 'congestion'

Bell Canada president Mirko Bibic acknowledges that the company is taking complaints from Yukon residents about poor cellphone service very....

Postmedia is Set to Purchase SaltWire Newspaper Chain

Postmedia has announced a plan to acquire SaltWire Network, the largest newspaper chain in Atlantic Canada. The news was shared....

U.S. Union and Apple Tentatively Agree on Labor Deal

The International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement....

Walmart Canada increases hourly wages for 40,000 store workers

Walmart Canada is taking a significant step to support its employees by investing $53 million to raise hourly wages for....

Loblaw execs hint at boycott affecting weaker food sales

During Loblaw's second-quarter earnings call on Thursday, executives addressed questions from analysts about the company's weak food retail sales and....

Disneyland Dodges First Employee Strike in 40 Years with New Deal

Disneyland has managed to avoid its first strike in four decades by reaching a tentative agreement with its 14,000 workers.....

Elon Musk seeks Tesla's $5 billion investment in his new startup, xAI, pending shareholder approval

Elon Musk, the CEO of Tesla, recently took to social media platform X (formerly Twitter) to ask his followers if....

U.S. investigates Delta's flight cancellations and poor response to tech outage

U.S. regulators are investigating Delta Air Lines' slow recovery from a global technology failure and whether the airline's handling of....

Air Canada lowers 2024 forecast due to high competition and surplus capacity

Air Canada has revised its earnings forecast for 2024, citing lower-than-expected passenger numbers this summer due to intense competition in....

Wiz cancels $23 billion acquisition deal with Google, memo reveals

Cybersecurity startup Wiz has decided not to proceed with its $23 billion acquisition deal with Google’s parent company, Alphabet, and....

CN Rail hit with $8M fine for 2015 crude oil train spills

Canadian National Railway Co. has been hit with a hefty $8 million fine due to environmental violations stemming from two....

Warner Bros. Discovery aims to match Amazon's NBA media deal

Warner Bros. Discovery has informed the National Basketball Association (NBA) that it intends to use its matching rights for a....

Xpeng and Volkswagen Partner to Develop New EV Platform

Chinese electric vehicle (EV) maker Xpeng has teamed up with German automaker Volkswagen AG to accelerate the development of new....

Woodside to Acquire Tellurian for $900 Million

Tellurian Inc. (NYSE American: TELL) announced that it has signed a definitive agreement with Woodside Energy Group Ltd (ASX: WDS)....

Boeing predicts 3% rise in airplane deliveries over 20 years

U.S. aerospace giant Boeing has boosted its forecast for new jetliner deliveries over the next 20 years by 3%, projecting....

Cybersecurity Giant CrowdStrike Faces Global Fallout from IT Failure

In a dramatic turn of events, cybersecurity leader CrowdStrike Holdings Inc. found itself at the center of a worldwide IT....

Government allocates $1.2 million to set up grocery code oversight office

Federal Agriculture Minister Lawrence MacAulay has announced a significant move to bolster fairness in Canada’s grocery sector. The government, in....

Netflix surpasses subscriber goals but warns about upcoming quarter

Netflix reported accelerated growth in both subscribers and earnings for its latest quarter, driven by various strategic moves. The company....

Grocery code of conduct gains final approval as Walmart and Costco join

Major Canadian grocery retailers have all committed to a new code of conduct aimed at bringing fairness and transparency to....

Survey: Extreme Weather Affects Profits of Many Canadian Businesses

A recent survey reveals that a large number of Canadian business leaders are increasingly concerned about the effects of climate....

Group Overseeing Google’s $100M for News Outlets Reveals Plans

Google has unveiled the governance structure for its $100 million fund aimed at supporting news outlets in Canada. This initiative....

Emissions Reduction Alberta Invests $44.4 Million in Cleantech Projects

Emissions Reduction Alberta (ERA) is stepping up its efforts to support environmental and economic goals by investing $44.4 million into....

Trump’s Company Sells $299 ‘FIGHT’ Sneakers Following Shooting Incident

A company owned by Donald Trump is selling sneakers that prominently feature a photo from a recent assassination attempt against....

Air Canada Faces Major Payout After Court Ruling for Ex-Workers

Air Canada may be on the hook for over $100 million following a recent court decision concerning a class-action lawsuit....

JPMorgan raises $9 billion from bonds following earnings report

JPMorgan Chase & Co. has successfully raised $9 billion by selling bonds in the U.S. investment-grade market. This move marks....

Corus Entertainment to Cut 25% of Jobs Amid Financial Struggles

Corus Entertainment Inc., the Toronto-based media company, is facing significant challenges and plans to reduce its full-time workforce by 25%....

Powell Kicks Off Important Week for Fed Talks as Rate Cut Looms

Federal Reserve Chair Jerome Powell is set to begin a crucial week of discussions as central bank officials assess the....

WestJet and Mechanics Reach New Contract After Strike

WestJet has finalized a new contract with its mechanics, just weeks after a two-day strike led to massive flight cancellations....

AT&T data breach impacts nearly all customers as info shared online

AT&T recently announced a significant data breach that impacted around 109 million customer accounts. This breach occurred over five months....

UK Markets Shine as Safe Haven Amid Global Turmoil

As political instability rises in the U.S. and across Europe, investors are increasingly looking at UK markets as a safe....

Telus Corp. Moves to Relocate Call Centre Workers, Sparking Controversy

Telus Corp. has announced a significant restructuring affecting approximately 150 call centre employees in Ontario. These workers face a tough....

Canada set to unveil strategy to meet NATO goal, allocate 2% of GDP to defense: sources

After months of mounting pressure, senior government officials have informed CTV News that Canada is set to reveal its strategy....

Costco's annual membership fee to rise to $65 starting September

Costco has announced an upcoming increase in its annual membership fees for both Canadian and American members, set to take....

South Korea's support for Ukraine boosts its standing at NATO Summit

A key figure at the NATO summit is from a non-member nation with significant weaponry that NATO seeks to aid....

LCBO cancels plan for 5-day bar and restaurant store openings

Restaurant and bar owners across Ontario are facing mounting concerns over the impact of the ongoing LCBO strike, which is....

Russian billionaires profit $11 billion in dividends amid wartime economic surge

Russian billionaires received billions of dollars in dividends as their companies resumed or increased payouts amid reduced economic uncertainty over....

Ticketmaster alerts customers to 'data security incident,' potential theft of personal information

Ticketmaster has disclosed a significant data breach affecting customer information provided to the company, calling it a "data security incident."....

Boeing agrees to plea deal to avoid trial over 737 Max crashes

Boeing, a major American aerospace company, has agreed to plead guilty to a criminal charge related to its 737 Max....

WestJet's Struggles Persist One Week After Mechanics' Strike

WestJet is still grappling with the aftermath of a recent strike by its mechanics, which nearly brought its operations to....

Want the Highest CPP Payment? Here’s the Income Required

In 2024, the Canada Pension Plan (CPP) offers retirees a potential monthly payout of up to $1,937. This maximum amount....

Canada's jobless rate climbs to 6.4%, summer work for students scarce

In June, Canada's economy saw little change with a slight loss of 1,400 jobs, pushing the unemployment rate up to....

Canada funds chip network as U.S. leads in technology

Canada is investing $120 million over five years to strengthen its chip sector amid concerns about falling behind the U.S.....

Hudson's Bay Company acquires Neiman Marcus in $2.65B US deal

This year has brought about significant changes for international students pursuing education in Canada. These changes underscore a crucial reality:....

Asian stocks rise, yen rebounds from record lows

Asian stocks climbed following encouraging economic data that bolstered expectations for Federal Reserve interest-rate cuts, while the yen rebounded from....

Investors bet against Air Canada as expenses rise, travel demand falls

Investors are betting against Air Canada, Canada's largest publicly traded airline, anticipating higher operational costs and reduced demand post-pandemic will....

Newfoundland and Labrador fishermen oppose reopening cod fishery

Thirty-two years after Newfoundland and Labrador's cod fishery came to a halt, local fishermen are demanding its revival. Greg Pretty,....

BYD of China sees 21% surge in electric vehicle sales, narrowing gap with Tesla

BYD, a prominent Chinese automaker, saw a notable 21% surge in electric vehicle (EV) sales during the second quarter of....

Young Canadians find savings in digital nomad living

In a sunlit café surrounded by greenery in Písac, Peru, Grayson Allen discusses his passion for working abroad. The 30-year-old....

U.S. urges Boeing to admit fraud in fatal crash cases

The U.S. Justice Department is preparing to propose that Boeing admit to fraudulent actions linked to two fatal crashes involving....

Airline competition heats up: Air Canada versus Porter, WestJet battles Flair

In a humorous online gesture this month, Porter Airlines playfully mocked Air Canada's introduction of complimentary beer, wine, and snacks....

B.C. ranch, contractor fined $545K for harming salmon habitat

A British Columbia cattle company and its contractor face significant fines totaling $545,000 for damaging habitat along the Chilcotin and....

Beef farmers concerned as Cargill strike continues in Guelph, Ontario

The strike at Cargill's Dunlop meat processing plant in Guelph, Ontario has reached its second month, sparking deep concerns among....

WestJet strike prevented as federal labor minister mandates binding arbitration

WestJet has narrowly avoided a potential strike by its mechanics, thanks to federal intervention led by Labour Minister Seamus O'Regan.....

Bell Media plans more job cuts, affecting 43 technicians

Bell Media has recently confirmed that it will cut an additional 43 technician positions as part of its ongoing efforts....

Ottawa Train Yards Faces Receivership Due to Owner's $39M Loan Default

Ottawa's bustling retail hub, Ottawa Train Yards, is facing a significant financial shake-up as it enters receivership due to a....

WestJet cancels flights as mechanics gear up for potential strike

WestJet is taking action to cancel 25 flights scheduled for Thursday and Friday, impacting 300 travelers, amidst the looming threat....

Canada's inflation rises to 2.9%, lowering chance of July rate cut

Inflation in Canada unexpectedly surged in May, throwing a curveball at policymakers who were considering further interest rate cuts next....

Exciting new Halifax attraction offers close encounters with the ocean's top predator

Halifax's thrill-seekers now have an exhilarating new adventure at their fingertips thanks to Atlantic Shark Expeditions. This pioneering outfit has....

Previewing the Future': Agent Uses AI for Virtual Home Staging

Jamie Harnish, a real estate agent at Bosley Real Estate in Toronto, Ontario, has adopted an innovative approach to assist....

Understanding low credit scores: Can you still qualify for a mortgage?

Achieving the dream of owning a home isn't out of reach, even with a less-than-perfect credit score, says Mary Sialtsis,....

DIY Investing or Hiring a Pro: Which Path Should You Choose?

Satisfaction with self-directed brokerages in Canada is on the rise, with a J.D. Power survey revealing a 33-point increase in....

Pharrell Showcases Skin Diversity at Louis Vuitton Paris Event

With just over a month before the Paris Olympics, Louis Vuitton celebrated human diversity with a star-studded menswear showcase at....

InvestBrampton at Collision 2024, Emerging Community for Economic Growth

InvestBrampton, the driving force behind Brampton’s economic development, is making significant strides in fostering innovation and supporting local businesses. It....

May Sees Modest 0.1% Increase in Retail Sales Amid High Inflation

In May, consumer spending in the United States saw a tepid increase, held back by persistently high prices on essential....

North America’s Fastest-Growing Technology Conference: Collision 2024 in Toronto

The excitement is palpable as Collision 2024, North America’s fastest-growing technology conference, kicks off in Toronto. This event, known for....

Nvidia Tops as World's Most Valuable Firm Amid AI Surge

Nvidia has become the world's most valuable publicly traded company, surpassing Microsoft. This milestone underscores its dominant position in the....

Canadian Real Estate: May Home Sales Drop from Last Year

In May, Canada's real estate market continued to cool as both home sales and prices dropped, while listings increased, according....

Summer airfare to Canada soars

Planning a flight this summer? Expect higher costs. A recent report reveals that travelers are paying significantly more for domestic....

Comparing Elon Musk's $44.9B Tesla Pay to Other Top U.S. CEOs

Elon Musk's compensation from Tesla starkly outshines that of other CEOs, even as CEO pay in the U.S. continues to....

Ontario's Mortgage Delinquency Rates Top $1B: Cause for Concern?

New data from Equifax Canada reveals that in Ontario, missed mortgage payments have soared to unprecedented levels, surpassing $1 billion....

Disney settles lawsuit, resolves final dispute with DeSantis and his appointees

Disney has requested a federal appellate court to drop its lawsuit against Florida Governor Ron DeSantis, following the approval of....

Alberta Premier Danielle Smith spearheads energy 'war room' effort

Alberta Premier Danielle Smith announced at a Calgary energy trade show that she is assuming direct oversight of the province's....

Senate confirms new energy regulators, bolstering Biden's influence over renewable energy panel

President Joe Biden's influence over the Federal Energy Regulatory Commission (FERC) is set to endure well beyond his current term,....

DeSantis appointees reconcile with Disney, approve new development deal

ORLANDO, Fla. (AP) — On Wednesday, appointees of Governor Ron DeSantis approved a 15-year development agreement, marking a reconciliation between....

B.C. sets minimum wage, rules for app-based ride-hail, delivery

VICTORIA - British Columbia has introduced regulations ensuring a minimum wage and basic protections for app-based ride-hailing and delivery workers....

National Bank acquires Canadian Western Bank for $5 billion

MONTREAL - National Bank of Canada has agreed to acquire Canadian Western Bank in an all-share deal valued at around....

Paramount Global halts merger talks with Skydance Media

NEW YORK (AP) — National Amusements, the majority voting stakeholder in Paramount Global, announced Tuesday that it has terminated merger....

S&P/TSX edges up Monday, U.S. stock markets rise too

Toronto - Canada's primary stock index saw a slight increase on Monday, supported by strength in the energy, technology, and....

Telehouse Opens Three Toronto Data Centers to Boost Internet Flow

TORONTO - Data centre provider Telehouse is expanding into Canada, launching three new locations in downtown Toronto to serve as....

Wildfires Highlight Telecom Resiliency Challenges

Wildfires Expose Telecom Network Vulnerabilities In the summer, wildfires driven by high winds devastated the Hawaiian island of Maui, killing....

Top 5 Canadian Business Events to Watch This Week

Key Canadian Business Events to Watch This Week Roots Earnings Report Roots Corp., the clothing retailer, will publish its first-quarter....

Home Alone' House for Sale: Paint Cans Not Included

The residence known for Kevin McCallister's playful antics is transitioning to new ownership in Winnetka, Illinois. Following renovations and expansions....

US Hiring and Wage Growth Increased, Indicating Economic Health

WASHINGTON (AP) — In May, U.S. employers added a robust 272,000 jobs, an increase from April, indicating that businesses remain....

10 FAST Channels from Bell Media to Debut on Plex and Roku Channel

Bell Media is expanding the reach of its 10 ad-supported streaming channels, commonly referred to as FAST channels, by launching....

Toronto faces potential transit strike as midnight deadline nears

Toronto is on the verge of its first major transit strike in 16 years. Union leaders have indicated they are....

Toronto Home Sales Dip in May; Bank of Canada Choice May Boost Demand

In May, home sales in Toronto saw a decrease of 21.7% compared to the previous year, according to the Toronto....

Ex-Prosecutor Resolves Legal Case with Netflix on Central Park Five Show

Former Manhattan prosecutor Linda Fairstein and Netflix have reached an agreement to settle the defamation lawsuit she initiated four years....

Ex-Tech Exec Admits to Fraud Scheme to Inflate Getty Images Shares

SAN FRANCISCO — Robert Scott Murray, a former tech executive, has admitted to a fraud charge related to a scheme....

Judge Approves Settlement for Nova Scotia's Northern Pulp Mill

VANCOUVER - A British Columbia Supreme Court judge has approved a settlement between the Nova Scotia government and the owners....

Scarlett Johansson: ChatGPT's voice 'eerily similar,' OpenAI halts use

OpenAI announced on Monday that it plans to discontinue the use of one of its ChatGPT voices, which actress Scarlett....

Key Points of Canadian Business to Watch Next Week

Toronto: Keep an eye on the following Canadian Business Sector next week Inflation Update: Statistics Canada is set to reveal....

Canadian Navy Set to Deploy Unmanned Warships

Canada is exploring the use of unmanned warships as the United States conducts trials with "ghost fleets" of robotic ships.....

Ooma Rolls Out AirDial in Canada Amid POTS Transition

Ooma, a prominent communications platform, has introduced its AirDial® service in Canada, offering a vital solution for businesses grappling with....

Boeing Invests $240M in Quebec for Drones, Eco-Friendly Aircraft

Boeing Co. has committed $240 million to support an aerospace initiative in the Montreal area, as part of Quebec's endeavor....

Whitecap Resources Inc Surges at Thursday's Close (WCP)

Whitecap Resources Inc, a company traded on the Toronto Stock Exchange under the symbol WCP, saw its stock experience a....

Loblaw Boycott Midway: 5 Key Points as Stock Hits New High

As a month-long boycott of Loblaw Cos. Ltd. enters its third week, the company’s investors remain largely unaffected. Despite growing....

Airbnb Travel Sparks $10B Economic Boost in Canada

In 2023, travel facilitated through Airbnb significantly contributed to Canada's economy, generating over $10 billion and supporting nearly 110,000 jobs....

Walmart to Lay Off Hundreds in Corporate Restructuring

Walmart is set to lay off several hundred corporate employees while also adjusting its remote work policy. The company plans....

LifeLabs Data Breach: Claimants to Receive $7.86 Each

Canadians who joined the class-action lawsuit against LifeLabs Inc. are now receiving their compensation in the form of cheques and....

Northwest Jade Mining Ceases, All Mines to Shut in 5 Years

British Columbia has decided to halt all new jade mining operations in the northwest region and has imposed a five-year....

Canada Post Ends Nunavut Shipping Loophole

Residents of Nunavut are feeling the pinch as a recent crackdown by Canada Post closes a loophole that allowed them....

CAR.UN Stock Dips on Friday, Market Lag

Shares of Canadian Apartment Properties Real Estate Investment Trust Un (CAR.UT) experienced a slight decline of 0.32% on Friday, closing....

Canfor Shutdowns Cost Hundreds of BC Jobs

Canfor Corporation, a British Columbia forestry company, has announced significant changes that will affect several communities in Northern B.C. These....

Suncor Leases Aframax Vessels, Directly Sells Trans Mountain Crude

Canada's Suncor Energy has opted for a strategic approach to enhance profitability by leasing Aframax vessels in the Pacific Ocean....

London Drugs Stores Reopen Post Cyberattack

London Drugs has reopened all its stores across Western Canada after experiencing a cybersecurity breach that necessitated the closure of....

Jefferies Warns TD Bank of Potential 'Lost Decade' in Money Laundering Scandal

Veteran Canadian bank analyst John Aiken warns that Toronto-Dominion Bank (TD) faces a challenging future following its alleged involvement in....

Poilievre Mum on Conservative Strategy for Capital Gains Tax

Conservative Leader Pierre Poilievre urges business leaders to handle their own opposition to the Liberals' proposed capital gains tax changes.....

Rising Tide of Spam Texts Plagues Canada

Digvijay Kosamia, a resident of Vancouver, finds himself checking his phone multiple times a day, only to be greeted by....

TD Bank Under Scrutiny: Fentanyl Investigation Fallout

Shares of TD Bank experienced a significant drop, declining by 1.5% in the midst of a generally unremarkable day for....

March Sees Canada's Merchandise Trade Deficit at $2.3B

In March, Statistics Canada reported that Canada experienced a merchandise trade deficit of $2.3 billion, marking its largest deficit since....

Gildan's Q1 Profits Dip 20% Amid Leadership Dispute

Amidst an ongoing dispute over leadership and potential sale, Gildan Activewear Inc. reported a significant drop in earnings for the....

CN, CPKC Workers Vote for Strike Mandate

Workers at Canada's two largest railways, Canadian National Railway Co. (CN) and Canadian Pacific Kansas City Ltd. (CPKC), have voted....

IRCC Makes Changes to Startup Visa and Self-Employed Programs

Immigration Minister Marc Miller has unveiled significant modifications to the Start-Up Visa and Self-Employed Persons programs. Effective April 30th, 2024,....

Bidders Eye SaltWire Newspaper Business

Multiple parties have expressed interest in purchasing all or part of SaltWire Network Inc. and The Halifax Herald Ltd., both....

Ottawa's Bid to Secure Loblaw, Walmart Cooperation in Grocery Code

The federal government was aware last autumn that Loblaw and Walmart might resist signing the grocery code of conduct, potentially....

Imperial Oil's Q1 Profit Hits $1.2 Billion, Revenue Rises

Imperial Oil Ltd. announced a profit of $1.20 billion for the first quarter, a slight decline from the $1.25 billion....

New Brunswick Tourism Minister Defends $22.5K Euro Trip Expenses Amid Criticism

The New Brunswick tourism minister, Tammy Scott-Wallace, has faced scrutiny over a weeklong trip to Europe that cost the province....

MS Risk Rises for Immigrants with Longer Canada Stay

A recent study published in the April 24, 2024, online edition of Neurology®, the American Academy of Neurology's medical journal,....

B.C. Invests $25M to Boost Local Milk Production

The British Columbia government is investing up to $25 million in the expansion of a milk production facility in Abbotsford....

Canada Mandates Plastic Makers' Reporting

Canada plans to establish a national registry to monitor plastic production and pollution, according to Environment Minister Steven Guilbeault. This....

Quebec Airbus Employees Reject Third Contract Bid

Workers at an Airbus assembly plant near Montreal, Quebec, have turned down a contract proposal for the third time. The....

Key Business Events to Monitor in Canada Next Week

In the upcoming week, there are several key events to monitor in the Canadian business world: 1. **Railway Earnings**: The....

Federal Budget Allocates $50M to Guard Against AI Job Loss

In Ottawa, the federal government has earmarked $50 million for worker retraining amid concerns about the impact of artificial intelligence....

Canadian Entrepreneurs Fume Over Capital Tax Shift, Worries of Increased Brain Drain

A wave of criticism from Canadian entrepreneurs and investors is directed at the federal government's budget for its move to....

Canada Seeks 12 Global Grocers to Enter Food Market

Canada's Industry Minister is contemplating a selection of twelve foreign grocery companies, hailing from various countries such as the United....

Gas Prices Surge as Eastern Canadian Refineries Transition to Summer Blends

Drivers in Eastern Canada, particularly in regions like Ontario, are experiencing a significant increase in gasoline prices, with jumps of....

Google Axes 28 Employees Amid Backlash on Israeli Tech Pact

Google has terminated 28 employees following protests over its involvement in providing technology to the Israeli government amid the Gaza....

TSX's Most Traded Companies Revealed

Here’s a recap of the most active companies traded on the Toronto Stock Exchange (TSX) on Wednesday: Enbridge Inc. (TSX:ENB),....

B.C. Sets Aside $300M to Expand TransLink Bus Fleet

British Columbia has committed up to $300 million in new capital funding to assist TransLink, the transit provider for Metro....

Quebec Court Greenlights Opioid Class Action

A Quebec Superior Court judge has given the green light for a class-action lawsuit against 16 pharmaceutical companies accused of....

Wealthiest Canadians Face Higher Capital Gains Tax

Finance Minister Chrystia Freeland presented the federal budget in the House of Commons, aiming to keep the deficit capped at....

BC Construction Industry Calls for Labor, Payment Reform

British Columbia's construction industry reports improvements in workforce numbers, but ongoing labor shortages are causing significant challenges for employers. The....

Vancouver's Top 10 In-Demand Jobs Bolstered by Immigration

Immigration plays a vital role in filling high-demand jobs across various sectors in Vancouver, attracting skilled professionals and enriching the....

Heated Conflict Emerges Between Parkland Crop. and Simpson Oil

Tensions persist at Parkland Corp. as the company rebuffs its largest shareholder's request to explore a potential sale. This development....

Canadian Airbus Employees Secure Tentative Deal

Airbus Canada has announced that it has reached a tentative agreement with the union representing workers at its assembly facility....

Alberta Distillery Seeks Apology Amid Backlash Over Jumbo Vodka Jugs

The T-Rex Distillery, located in Alberta, Canada, found itself embroiled in a controversy surrounding its four-litre vodka jugs, which garnered....

PBO: Canada Needs 1.3M More Homes by 2030

The Parliamentary Budget Officer (PBO) of Canada has highlighted a pressing need for the construction of 1.3 million additional homes....

CEO Mirko Bibic of Bell Canada Justifies Job Cuts in Commons Testimony

In Ottawa, members of Parliament are raising concerns about Bell Canada's decision to lay off thousands of employees, accusing the....

Freeland Suggests Possible Tax Hikes for Wealthy, Corporations in Budget

Finance Minister Chrystia Freeland has clarified that there won't be tax increases for the middle class in the upcoming federal....

Unraveling Discrepancies in Canadian Food Price Data

Canada's food price data accuracy has come under scrutiny as consumers perceive a disconnect between official reports and their grocery....

Ontario Premier Orders LCBO to Reinstate Paper Bags

Ontario Premier Doug Ford has instructed the Liquor Control Board of Ontario (LCBO) to immediately rescind its decision to discontinue....

Top 5 Canadian Business Trends for the Week Ahead

In the Canadian business landscape, several key developments are expected in the upcoming week, drawing attention from investors and analysts....

Canadian Shoppers Fight Back Against Drip Pricing Fees

In the realm of online shopping, many Canadians encounter a familiar frustration: agreeing to a purchase at one price, only....

North American Markets Soar Amid Divergent Jobs Data

Canadian and American markets experienced upward movement on Friday, with the TSX achieving a fresh all-time closing high, despite differing....

Canada's Permanent Residence Fees to Change on April 30, 2024

Immigration, Refugees and Citizenship Canada (IRCC) has declared an upcoming adjustment to certain permanent residence (PR) fees, effective from 9:00:00....

Ticketmaster, Live Nation Denied Appeal on 'Ticket Bot' Case

The Supreme Court of Canada has rejected an appeal by Ticketmaster and Live Nation, both facing class-action lawsuits across multiple....

Insights into Canada's Lucrative Elver Fishery

Two Mi'kmaq fishermen from Nova Scotia have found themselves at the center of controversy after being detained by federal fisheries....

Unifor Ends Strike at CN Autoport with Ratified Agreement

The weeks-long strike at a transhipment facility near Halifax has come to a close following the ratification of a three-year....

RBC Grows and Draws Attention with HSBC Canada Acquisition

Royal Bank of Canada (RBC) has cemented its position as the largest company in Canada following the successful completion of....

ICICI Bank Canada– Empowering Growth and Prosperity in the Canadian Economy

ICICI Bank Canada, serving Canadians since December 2003, shines as a beacon of excellence in the financial sector worldwide. The....

AugMentors' Career & Business Club: Your Path to Success

AugMentors, a respected educational organization, has introduced The Career and Business Club. It's a place where you can improve your....

ARR Home Solutions: The Expert Decor Mojo

Planning for an upholstering of your home? No need to dip your hopes for growing inflation! ARR Home Solutions an....

Law Professional Upholding Canadian Legal Excellence

Mina Patel CHCC Director is contributing to uphold Canadian legal standards with her multi-versed legal services. She is the driving....

Charlebois: Canada's Deteriorating Food Sales Reflect Growing Poverty

Canada appears to be transitioning into a "trading-down" market, a trend likely to continue. Recent statistics from Statistics Canada regarding....

Apotex Inks Deal to Purchase Montreal's Searchlight Pharma

In a significant move within the healthcare industry, Apotex, a leading drug company, has announced its acquisition of Searchlight Pharma,....

BMO slashes price targets for Canadian telecom giants

In recent trading, shares of prominent Canadian telecommunications companies witnessed a dip following adjustments to price targets and ratings by....

Innu Claim Quebec's Bad Faith in Petapan Treaty Talks

Three Innu communities in Quebec are expressing frustration with the provincial government, alleging bad faith in negotiations over the long-awaited....

Non-profits, Food Co-ops Extend Grocery Savings Amid Economic Strain

Many Canadians are seeking ways to save on groceries, and non-profits and food co-ops in several cities are offering alternative....

Key Events to Follow in Canada's Business World Next Week

In the upcoming week, several significant developments are anticipated in the Canadian business world, spanning various sectors. Firstly, attention will....

Quebec Tim Hortons Franchisees Sue Brand Owner for $18.9 Million

A group of Quebec-based Tim Hortons franchisees has taken legal action against the brand's owner, the TDL Group Corp., citing....

Ryan Reynolds Hit in Wallet as Wrexham Owes Celeb Owners $11M+

Canadian actor Ryan Reynolds is feeling the financial strain of owning a soccer club. The Welsh team Wrexham, purchased by....

Canada's Coal Exports Surge in 2023 Despite Delayed Ban

In 2023, Canada experienced a notable increase in its exports of thermal coal, reaching the highest levels in nearly a....

VCAN Sponsors Urbana Holi Event: Bringing People Together for Fun and Unity

VCAN is a best choice, if you are looking for the best support to start your career or education in....

Alberta Seeks Immigration Autonomy, Welcomes Ukrainian Refugees for Jobs

Alberta Premier Danielle Smith has raised concerns over federal immigration limitations, stating they hinder the province's capacity to address labor....

Delta, B.C. Marine LNG Jetty Project Clears Environmental Assessment

The Environment Ministry of British Columbia has granted approval for a marine jetty project in the city of Delta, designed....

Air Canada Showcases 2023 Achievements in Annual Report

Air Canada has released its 2023 Annual Report, detailing the airline's accomplishments over the past year. Alongside robust financial performance,....

Ontario's Deficit Soars to $9.8B Amid Sluggish Growth

In Toronto, Ontario's economic outlook is clouded by a projected $9.8 billion budget deficit for the upcoming fiscal year, a....

CRA Axes 232 Workers Over False $2k Pandemic Claims

In Ottawa, the Canada Revenue Agency (CRA) has taken decisive action against more than 200 individuals who were found to....

Nova Scotia Labor Market Remains Tight in Short Term

Construction and maintenance activity in Nova Scotia underwent some fluctuations in 2023, with a slight decline observed. The sector experienced....

Greek Prime Minister's Visit Highlights Canada's Economic Influence

Theo Argitis, former Ottawa bureau chief at Bloomberg News and current managing director at Compass Rose Group, emphasizes the significance....

Key Events to Monitor in Canada's Business Sector Next Week

Bank of Canada senior deputy governor Carolyn Rogers is scheduled to deliver a speech in Halifax on Tuesday, addressing the....

SaltWire Network's Creditor Protection Extended in Atlantic Canada

Nova Scotia's largest media company, SaltWire Network, has been granted an extension to its court order protecting it from numerous....

Port of Vancouver CEO Foresees Surge in Cargo Amid Red Sea Assaults

The Vancouver Fraser Port Authority's CEO, Peter Xotta, anticipates an increase in cargo traffic at the Port of Vancouver due....

Bank of Canada Deputy Governor Projects Quantitative Tightening to Cease by 2025

The Bank of Canada anticipates the conclusion of quantitative tightening by 2025, stated Deputy Governor Toni Gravelle during a speech....

Alimentation Couche-Tard's CEO Observes Decreased Visits from Cost-Conscious Shoppers

The CEO of Alimentation Couche-Tard Inc. highlighted that financially strained consumers with lower incomes are scaling back their visits to....

Major U.S. Settlement Could Shape Canadian Housing Market

A recent settlement by the National Association of Realtors (NAR) in the United States has raised hopes among real estate....

StatsCan reports ongoing decline in telecom prices

As members of parliament delve into the affordability of telecommunication services, Statistics Canada reports a continuous decline in cell phone....

Gildan Activewear Seeks Competing Offers Amidst Potential Buyer Interest

Gildan Activewear Inc., a Montreal-based clothing manufacturer, is considering selling its business after receiving interest from at least one potential....

Air Canada Vacations Appoints New Staff and Expands Team

Air Canada Vacations is pleased to announce the addition of new members to its Sales team, reinforcing its ongoing commitment....

Fairfax Makes Cash Offer for IDBI Bank Acquisition

Fairfax, under the leadership of Canadian billionaire Prem Watsa, has re-entered the bidding process for the acquisition of IDBI Bank.....

A business owner who relocated manufacturing from China to the U.S. now faces challenges and feels penalized for her decision.

Barumba Play, a Canadian company specializing in children's toy couches, is encountering unexpected challenges related to import tariffs after relocating....

Canadian Airbus A220 Employees Decline Contract, Weigh Strike Vote

Amidst the ongoing tensions between Russia and Ukraine, the situation has taken a significant turn with Russia's recognition of two....

Poilievre Responds to Carbon Price Hike, Criticizes Eby's Constituents' Financial Struggles

Conservative leader Pierre Poilievre has responded to comments from British Columbia Premier David Eby regarding his plea to halt an....

Experts Advise Vigilance Against Title Fraud

In recent years, incidents of title and mortgage fraud have been on the rise in Canada, causing concerns among homeowners....

Canada's Housing Starts Jumped 14% in February: CMHC

The pace of housing construction picked up in February, driven by increased activity in the apartment and condo sector, although....

Industry Minister offers reassurance amid TikTok security review concerns

OTTAWA - Canada's Minister of Industry, François-Philippe Champagne, reassures Canadians about using TikTok amid an ongoing national security review. He....

Six Foodtech Startups Receive $465K Funding from Canadian Food Innovation Network

The Canadian Food Innovation Network (CFIN) has allocated $464,518 to support six innovative foodtech projects through its Innovation Booster Program.....

 "B.C. First Nation, Western LNG Buy Gas Pipeline"

A British Columbia First Nation, in partnership with a Houston-based company, has announced the acquisition of a pipeline project primed....

"Musk Pulls Plug on 'The Don Lemon Show' After Debut Interview"

Elon Musk has unexpectedly pulled the plug on "The Don Lemon Show" on his social media platform X after the....

Flair Airlines Claims $25M Held Back by Financial Firm

Flair Airlines, a budget carrier, has accused a financial services firm of withholding approximately $25 million in funds. The airline....

Canada Airline Market Shrinks, Risking Fare Hikes.

In Montreal, Canada's airline industry is witnessing a significant shift as it heads towards consolidation, potentially leading to higher airfares....

Manitoba Eyes Minimum Wage Boost; Labor Group Pushes for Increase

Premier Wab Kinew announced on Wednesday that minimum-wage workers in Manitoba will see a raise of 50 cents per hour....

Reddit's Public Share Sale: Key Details

Reddit, the sprawling and often lively hub of online discourse, announced on Monday its initial public offering (IPO) stock pricing,....

Bitcoin ETFs: Accessible & Safe, Yet Risks to Consider

Cryptocurrency, often hailed as the future of investing due to its potential to combat inflation and introduce decentralization, has garnered....

Airbnb Bans Indoor Cameras Across Listings

Airbnb announced on Monday its decision to prohibit the use of indoor security cameras in listings on its platform worldwide....

Boardroom Equality Not Expected Soon: Canadian Chamber

A recent report from the Canadian Chamber of Commerce highlights the persistent underrepresentation of women in Canadian boardrooms, indicating that....

Boost for Indigenous Entrepreneurs: Fresh Federal Funding

The Canadian government has allocated $2.5 million to enhance an entrepreneurship initiative for Indigenous women and establish a similar program....

Lead in Cinnamon Prompts Recall: What to Know

Several discount retailers in the United States have recalled ground cinnamon packages following a warning from federal health officials about....

Key Canadian Business Highlights for the Week Ahead

Five key developments to monitor in the Canadian business landscape over the upcoming week: Household Debt: Statistics Canada is set....

Just for Laughs Operator Under $22.5M Debt, Will the Fun Continue?

Legal documents reveal that the organization behind the Just for Laughs comedy festival is in debt to the tune of....

Canadian Exporters' Forum Embraces Inclusivity for Women

Companies in the manufacturing sector are increasingly focusing on strategies to attract and retain female employees, recognizing the importance of....

Bank of Canada Maintains 5% Key Rate, No Rate Cuts Yet

The Bank of Canada has opted to maintain its key interest rate at five percent, emphasizing the persistence of underlying....

Ex-Google Engineer Accused of AI Secret Theft for Chinese Firms

A former Google software engineer faces federal charges for allegedly stealing trade secrets related to artificial intelligence (AI) while collaborating....

Dodge Revives Muscle Cars: Electric or Gas Charger

America's cherished muscle car culture, steeped in the roar of gasoline-powered engines, is evolving to embrace the age of electric....

Bitcoin Surges to Record Peak, Bouncing Back from FTX Scandal Blow

Bitcoin has reached a historic peak, marking a significant rebound from the fallout of the FTX crypto exchange collapse that....

Ottawa's green light for CN Rail hub in Ontario Scraped

A recent ruling by the Federal Court has overturned Ottawa's approval of a large rail-and-truck hub project in the Greater....

B.C. Judge Approves $14.4M iPhone Throttling Settlement by Apple

The British Columbia Supreme Court has greenlit a nationwide multimillion-dollar resolution of a class-action lawsuit against Apple concerning software updates....

Canadian Grocery Giants Extend Discounts Amid Tight Budgets

Canada's largest grocery chains are pivoting towards discount stores like No Frills, Food Basics, and FreshCo as consumers seek ways....

The Body Shop Canada Shuts 33 Stores, Ceases Online Sales

The Body Shop Canada has made the decision to close approximately one-third of its stores and discontinue online sales as....

Federal Housing Agency Ends First-Time Homebuyer Incentive

The Canada Mortgage and Housing Corporation (CMHC) revealed on Thursday the discontinuation of the first-time homebuyer incentive, an initiative launched....

Elon Musk Sues OpenAI & CEO, Alleges Betrayal

Tesla CEO Elon Musk has filed a lawsuit against OpenAI and its CEO Sam Altman, alleging a breach of contract....

TSX Gains Extra 100 Points; US Markets Hit Record Highs

In Toronto, Canada's primary stock index experienced a gain of over 100 points on Thursday, driven by increases in energy....

Billionaire-Backed California City Campaign Hits Rough Beginnings

The ambitious plan to construct an eco-friendly city between San Francisco and Sacramento, proposed by former Goldman Sachs trader Jan....

Stuck on a Fixed Salary? Tomorrow, Work Could Be Unpaid

Rohith Krishnan expressed disappointment upon discovering that he wouldn't be compensated for the additional workday during leap years. Typically, employers....

Fast Food Chains Embrace Dynamic Pricing & AI for Digital Orders

Fast food chains are increasingly delving into digital innovations, incorporating strategies like dynamic pricing and drive-thru voice bots, as well....

Cineplex Rakes in $40M from Online Ticket Fees Amid Drip-Pricing Lawsuit

Cineplex Inc. has garnered nearly $40 million in revenue from online booking fees, a focal point of a legal battle....

B.C. Minimum Wage to Rise by 65 Cents June 1

Starting June 1, minimum-wage workers in British Columbia will see their pay rise by 65 cents per hour to $17.40,....

Amazon Joins Elite Dow Jones Industrial with 29 Other Top Companies

Amazon.com Inc. is set to become a member of the Dow Jones Industrial Average, one of Wall Street's most longstanding....

Rewarding Purchases: Personalized Offers to Shape Grocery Shopping

Toronto - Diana Skakavac often searches grocery store loyalty apps for customized deals, especially for Tide laundry powder, a staple....

Tax Refund Time: Expert Advice for Maximizing Your Return

While filing taxes can be time-consuming, many Canadians anticipate a modest windfall during tax season in the form of a....

Alberta Regulator Greenlights Rockies Coal Mine, Plans Public Hearing

The Alberta Energy Regulator has initiated public hearings for a contentious open-pit coal mine in the province's southern Rocky Mountains....

B.C. Budget Deficit Rises Despite Zero Cuts, Opinions

Opinions on the 2024 British Columbia budget vary widely, reflecting divergent perspectives on its implications and priorities. Finance Minister Katrine....

Google Restricts AI Portrait Tool Amid Historical Accuracy Concerns

Google has decided to temporarily halt the use of an AI tool designed to generate images of people due to....

Suncor Sets Oilsands Record, Earnings Dip

Suncor Energy Inc. reported a fourth-quarter profit of $2.82 billion in 2023, slightly higher than the $2.74 billion recorded in....

Dollarama Offers $2.5M Settlement in Eco Fee Class Action

In Montreal, Dollarama Inc. has proposed a $2.5 million settlement in response to a class-action lawsuit, offering gift cards to....

Renters Likely Report Lower Quality of Life than Homeowners

Survey findings from Statistics Canada reveal that renters, particularly in Vancouver and Toronto, are more likely to express a diminished....

Feds Trim Carbon Rebates for Small Businesses

The federal government in Ottawa has decided to reduce the financial relief provided to small businesses from revenues generated by....

Economists Predict Inflation Dip, Housing Challenges BoC

As the Bank of Canada deliberates on the appropriate timing to initiate interest rate cuts, economists are debating whether this....

Capital One Acquires Discover: $35B Deal Unites US Credit Giants

Capital One Financial has announced its acquisition of Discover Financial Services for $35 billion, marking a significant consolidation within the....

Tax Filing Season Begins with Canadians’ Return Due, April 30

Tax filing season has officially commenced in Canada, with Monday marking the beginning of the period when Canadians can start....

Amcor workers' strike, could impact Quebec alcohol sales

Employees at Amcor, a global packaging company, have initiated temporary strikes in Quebec, with picket lines being set up starting....

What are the Canadian Business Trends Next Week?

Toronto - Five key developments to monitor in the Canadian business landscape during the upcoming week Inflation Figures: On Tuesday,....

OpenAI Unveils Sora: Text-to-Video Generator

The creator of ChatGPT has ventured into the realm of AI-generated video with the introduction of Sora, OpenAI's latest text-to-video....

TekSavvy Urges CRTC for Wholesale Fiber Access

TekSavvy, an independent telecom company based in Chatham, Ontario, emphasized the urgent need for the federal regulator to ensure fair....

Toronto App-Based Drivers Demand Fairer Pay, Improved Conditions

In Toronto, a recent study has unveiled disheartening revelations about the earnings of drivers associated with ride-sharing and food delivery....

Shoppers Ease Off: Retail Sales Dip 0.8% In January

In January, American consumers scaled back their spending more than anticipated, following the traditional surge during the holiday season. According....

Canadian Housing Market Sees Second Consecutive Sales Surge Amidst Declining Prices

Home sales in Canada saw a consecutive rise for the second month, accompanied by declining prices, as revealed by the....

Bell Urges For Condition On CRTC Wholesale Access, Telus Awaits Response

BCE Inc. is urging the Canadian Radio-television and Telecommunications Commission (CRTC) to impose specific conditions, including speed caps and initial....

BC Real Estate Assoc. Data Shows Upward Trend in Early 2024 Market

The BC Real Estate Association reported a substantial surge in home sales last month compared to January 2023, accompanied by....

Shopify Wrapped the Holiday Sale on a High Note

Shopify Inc. wrapped up 2023 on a high note, boasting robust revenue growth and profits despite ongoing consumer concerns about....

Remote Access to Transform the Auto Industry

The traditional image of a stranded driver grappling with car issues on the side of the road may soon shift.....

Bank of Canada Emphasizes Supply Boost for Housing Affordability

Canada's housing market remains a source of concern as home prices surge and affordability diminishes. Amid calls to alleviate the....

Toyota Urges Immediate Repairs for 7,300 Canadians Over Airbag Safety Concerns

Toyota Motor Corp. has issued a critical warning, urging owners of certain older vehicle models to cease driving immediately and....

Rent Prices Surge as Canada Experiences Record Low Vacancy Rates

Canada faced a significant surge in rent prices throughout 2023, attributed to an unprecedented shortage of available housing. The Canada....

Enbridge Plans Workforce Reduction to Lower Costs

Enbridge, a Calgary-based North American energy pipeline operator, announced its decision to decrease its workforce by 650 jobs in an....

Hong Kong Court Orders Liquidation of Chinese Developer Evergrande

A recent ruling by a Hong Kong court has mandated the liquidation of China Evergrande Group, a move poised to....

Adapting to Market Dynamics: Home Staging Companies Navigate a Sluggish Housing Environment

In the ever-evolving landscape of the real estate market, home staging companies find themselves at the forefront of adaptation as....

Unpacking 'Loud Budgeting,' TikTok's Latest Financial Trend Amidst Rising Prices

In the realm of personal finance on TikTok, a new trend called "loud budgeting" is gaining traction, swiftly surpassing previous....

Rona Inc. Implements Restructuring: 300 Job Cuts and Closure of Two Distribution Centers, Primarily Impacting Quebec

Rona Inc., a prominent hardware chain, has announced significant changes to its operational framework, aiming to enhance efficiency and reduce....

The Rise of Automation in Fast Food: Robots Taking Over Kitchen Tasks

In recent years, the fast-food industry has witnessed a significant shift towards automation, with robots increasingly replacing human workers in....

The Pervasive Presence of Gambling Ads During Sports Broadcasts Raises Concerns

In a joint effort between CBC's Marketplace and researchers from the University of Bristol in the UK, a recent study....

Panama Canal Faces Reduced Traffic Amidst Severe Drought

Amidst ongoing challenges for global shipping companies, the Panama Canal is compelled to limit ship crossings by 36%, exacerbating economic....

Alberta Securities Commission Imposes Sanctions on Edmonton Man and Crypto Company for Securities Law Violations

In a significant development, the Alberta Securities Commission has taken action against Devon Christopher Edwards, an Edmonton resident, and his....

Uniqlo Takes Legal Action Against Shein Over Alleged Copy of Popular 'Mary Poppins Bag'

Japanese clothing retailer Uniqlo has filed a lawsuit against rival Shein, accusing the Singapore-based retailer of producing an unauthorized replica....

Canadians Display Resilience in Economic Uncertainty: Bank of Canada Survey

In a recent survey by the Bank of Canada, it has been revealed that a significant portion of Canadians, approximately....

Canada's Largest Sugar Refinery Set to Open in Hamilton, Boosting Economy

A new sugar refinery is scheduled to open in Hamilton's port lands in 2025, aiming to become Canada's largest, with....

Soaring Gas Prices Push Inflation to 3.4%

Canada's annual inflation rate surged to 3.4 percent in December, marking an increase from the 3.1 percent seen in both....

Anticipated Increase in Canada's December Inflation Rate

Statistics Canada is gearing up to unveil its December consumer price index report on Tuesday. Economists predict that the report....

Economic Sentiments Diverge: Canadians Curb Spending Amid Uncertainty, Yet Mortgage Holders Display Confidence, Bank of Canada Survey Reveals

In a recent Bank of Canada survey, it has come to light that approximately two-thirds of Canadian consumers are opting....

The Stanley Quencher: A Social Media Sensation and Business Game-Changer

In a surprising turn of events, the Stanley cup, typically associated with NHL glory, has found an unexpected spotlight in....

Rising Disparities: Oxfam Warns of Trillionaire Emergence within a Decade

In its annual evaluation of global inequalities, Oxfam International has issued a stark warning, stating that the world could witness....

Flair Airlines Investor Calls $30M Lawsuit ‘Premature at best’

Miami-based 777 Partners, a significant investor in Flair Airlines, has labeled the $30-million lawsuit filed against it by aircraft leasing....

Aritzia Aims for U.S. Expansion to Keep Growth in Flow

Aritzia, the Vancouver-based apparel retailer, experienced a stock surge of over 20% on Thursday morning following improved financial performance, although....

Car Rental Giant Hertz Opts for Gas Cars over Electric Vehicles in the U.S.

On Thursday, Hertz Global Holdings announced its decision to sell approximately 20,000 electric vehicles (EVs), including Teslas, from its U.S.....

SEC Chair Refutes Bitcoin ETF Approval, Cites Hacked X Account

In an unexpected turn of events, the Securities and Exchange Commission (SEC) announced on Tuesday that a post from its....

Walmart Tries Out AI for Better Shopping Moments

Walmart experiments with AI to enhance customers' shopping experiences. Walmart has revealed plans to delve deeper into artificial intelligence (AI)....

Morguard Offloads 14 Hotels Across Canada for $410M

Morguard Corp. has announced the signing of an agreement to offload a portfolio of 14 hotels for $410 million, aligning....

Tiger Woods and Nike Part Ways After Over 27 Years

Tiger Woods has officially ended his iconic 27-year partnership with Nike, sparking speculation about the future for both the golf....

Potential Honda Electric Vehicle Plant Sparks Excitement in Canada's Automotive Landscape

Honda Motor Co is reportedly contemplating establishing an electric vehicle (EV) factory in Canada, according to Japan's Nikkei news group.....

Auto Market Outlook for 2024: A Snapshot of Canadian Vehicle Prices and Trends

As Canadians step into the new year, the landscape for purchasing new or used cars doesn't foresee a drastic change....

Florida Gets U.S. Approval to Import Meds from Canada

The Food and Drug Administration (FDA) has approved Florida's groundbreaking plan to import prescription drugs from Canada, to solve the....

Rate Cuts and Canadian Economy Revival: What Deloitte Predicts

Toronto - Deloitte Canada's latest forecast anticipates a return to economic growth for Canada in the second half of 2024,....

Walgreens cuts on dividend to boost funds for business growth

Walgreens, the major drugstore chain, is cutting its dividend by almost 50% in an effort to strengthen its financial position.....

Roger Communications Increase the Price Range for some Wireless Phones

Wireless phone users in Canada can expect an increase in their bills as Rogers Communications Inc. and Bell plan to....

Teck Wraps Up Sale of Coal Stakes to Nippon, Posco

Teck Resources Ltd. has completed its previously disclosed transaction to sell minority stakes in its coal business to Nippon Steel....

Calgary Homes Flying off the Market Amid Increased Demand from Newcomers

In December, the Calgary Real Estate Board reported a notable uptick in home sales, with 1,366 transactions recorded, reflecting a....

Tesla's 4Q Sales Soar Beyond Expectation, Despite Slower Electric Vehicle Growth

Tesla Inc. managed to boost its fourth-quarter vehicle sales by nearly 20% through significant price reductions, even as the broader....

Alberta brought back the surge while Manitoba made a pause on Gas Tax

While one province opts to alleviate the burden on motorists by temporarily halting the gas tax, another is resuming it.....

Gold Prices are Soaring amid Global Instability

Warehouse stores in Canada are expanding their product offerings beyond the usual bulk goods, with gold bars, coins, and other....

Negotiations for Viterra Contract Set to Continue in Regina After the New Year

Contract discussions are scheduled to recommence between Viterra and GSU Local 1 and 2 after the union turned down Viterra's....

Canaccord Fined with $475,000 for Failing in Trading Supervision

The Canadian Investment Regulatory Organization has confirmed a settlement involving sanctions against Canaccord Genuity Corp. regarding trading supervision. The subsidiary....

BlendJet Recalls Millions of Blenders in Canada Due to Fire Hazard and Laceration Risk

BlendJet is recalling millions of portable blenders due to potential laceration and fire hazards, after receiving dozens of injury reports,....

Osisko Mining’s Share Repurchase Program Renewed

Osisko Mining Inc. has received approval from the Toronto Stock Exchange for the renewal of its normal course share buyback....

New York Times takes OpenAI, Microsoft to Court for Copyright Infringement

The New York Times has taken a stand against what it perceives as a threat posed by artificial intelligence (AI)....

5 Things to Eye on in the Canadian Business 2024

In the business landscape of 2023, Canada witnessed a notable focus on the housing crisis, the battle against inflation, and....

Canada's Restriction on Overseas Buyers Failed to Lower Housing Costs

A year after it was introduced, the foreign buyers ban hasn't helped lower home prices, critics say. Kris Wallace and....

Grocery Bills Feel the Pinch as 'Skimpflation' Takes Hold in the Face of Soaring Inflation

Consumer analysts are cautioning customers about a new concern alongside food inflation and shrinkflation: skimpflation. Skimpflation occurs when manufacturers opt....

Mortgage Rates Take a Dip, Yet Renewed Loans Pose Potential Brake on Economic Acceleration

As Canadian lenders anticipate potential interest rate reductions by central banks like the Bank of Canada in 2024, borrowers could....

Harry Rosen, founder of Canadian menswear chain, dies at 92

The founder of Canadian men's clothing retailer Harry Rosen Inc., Harry Rosen, has passed away at the age of 92.....

First Quantum states Lack of Legal Grounds for Mine Closure Plan in Panama

Toronto - First Quantum Minerals Ltd. has expressed concern over the lack of a legal basis provided by the Panama....

Diamonds at Discount! Consumers are taking a Shine on Lab-Made Diamonds

More consumers are choosing lab-grown stones for savings, and sustainability. Evelyn Schaffer was left speechless seeing her engagement ring for....

BlackBerry Shares Take a Dive, Plummeting Over 10% Amidst Cost-Cutting Plans

The stock value of BlackBerry Ltd. declined by 13.5% following the release of its latest quarterly results, accompanied by statements....

Cardinal Capital Management Joins the Chorus Urging Chamandy's Return as Gildan CEO

Another shareholder of Gildan Activewear Inc. has expressed support for reinstating Glenn Chamandy as CEO. In a letter addressed to....

Thrift Store Serendipity: Woman’s $3.99 Vase Turns into $107,100 Auction Sensation

Thrifting luck struck gold for Jessica Vincent, a resident of Virginia, when she stumbled upon an Italian glass vase at....

Canadians Brace for Persistent Holiday Food Price Hikes Despite Inflation Slowdown

Canada witnessed a noticeable ease in the upward trajectory of grocery prices, signaling a slowdown in food inflation, as per....

Canada to bid Goodbye to Gas-Powered Vehicles by 2035

Canada is set to bid farewell to gas-powered vehicles as Environment Minister Steven Guilbeault unveils new regulations mandating the shift....

Price Growth Stalls: November Inflation Remains Steady at 3.1%

In Canada's ongoing battle against inflation, the latest data from the November consumer price index report released by Statistics Canada....

Apple Halts Sales of Certain Watches in the United States Amid Patent Dispute

If you're eyeing the latest Apple Watch Series 9 or Ultra 2 for your holiday wishlist, act swiftly. These sought-after....

Tuesday Deadline: Final Electric Vehicle Mandate Unveiled, Requires Doubling Sales by 2026

Canadian automakers have experienced a record-breaking year in electric vehicle (EV) sales, yet the challenge remains to nearly double these....

Quaker Oats Pulls Granola Items from Shelves Amid Salmonella Worries

Quaker Oats issued a recall on several of its granola items, such as granola bars and cereals, due to potential....

Week's Business Buzz: 5 Canada's Business Scene to Watch out

TORONTO - As the final trading week of 2023 unfolds on the Toronto Stock Exchange, attention is focused on several....

Macklem Anticipates 2024 as a 'Transition' Year with Economic Slowdown and Declining Inflation

Bank of Canada Governor Tiff Macklem anticipates that 2024 will be a transitional period marked by higher interest rates slowing....

Rogers Strikes Agreement with Rival Carriers for Wireless Access in TTC

After a year-long tensed negotiations and public disagreements, Canada’s major telecommunication carriers have reached an agreement to provide wireless coverage....

Tesla to Retrieve Over 2 Million Cars in the U.S. and Canada Due to Alertness Monitoring System Issues

Tesla is recalling over two million vehicles sold in the U.S. and 193,000 sold in Canada to address a faulty....

Major Canadian Banks Rank Lowest in Low-Carbon Finance Assessment

According to a recent report by BloombergNEF,  Canada's top five banks who are the major global energy financiers, rank poorly....

Toronto Entrepreneur Launches Coat Drive for Needy After Theft at Laundromat

A Toronto business owner in the Beach neighborhood took a compassionate turn after a regrettable incident at his laundromat. Alex....

Sam Altman Set for Return as CEO at OpenAI Following Controversial Removal

Company Tentatively Approves Partial Restructuring of Board That Previously Dismissed Him OpenAI announced on Tuesday that Sam Altman would be....

Impending January Strike Looms for Air Transat as 2,100 Workers Overwhelmingly Support Walkout

Air Transat flight attendants could strike as early as January 3, following an overwhelming mandate from over 2,100 workers who....

Newfound Power: Ottawa Grants Increased Autonomy to Newfoundland and Labrador in Offshore Wind Energy Initiatives

The Canadian federal government is streamlining the regulatory process for offshore wind power projects along the country's eastern coast, aiming....

General Motors Trims Electric Vehicle and Autonomous Car Ambitions Due to $10 Billion Impact from New Labor Agreements

General Motors (GM) has adjusted its course on electric vehicles (EVs) and self-driving cars, citing new labor agreements in the....

Autoworkers Give Thumbs Up to Agreements with Ford, Stellantis

The United Auto Workers union has officially approved new contracts with automakers Ford and Stellantis, marking the conclusion of negotiations....

Anticipate Food Price Drop in the Coming Year, but Standard Grocery Bills may still rise by $700.

A widely observed annual report on food prices anticipates a surge in the yearly cost for a family of four,....

Canada's Economy Contracts by 0.3% in the Third Quarter, According to StatsCan Report

Canada's economy faced a setback in the third quarter of the year, experiencing a contraction of 0.3%, as reported by....

Mastermind Toys Announces Closure of 18 Stores and Business Sale-off to Unity Acquisitions

Canadian toy retailer Mastermind GP Inc. has finalized an agreement to sell a significant portion of its business to Unity....

Holiday Shopping Season Shadowed by Fragile Economy as Consumers Hunt for Value

In Toronto, the festive season is in full swing with children sharing their Christmas wishes with Santa at malls adorned....

Higher Costs and Interest Rates Cited as Culprits for November Slump in Toronto Detached Home Sales

Toronto witnessed a substantial decline in the sales of detached houses and townhomes in the past month, and industry experts....

Bank of Canada Maintains Status Quo: Key Interest Rate Holds Steady at 5% amid Growing Speculation on Potential Rate Cuts Timing

As the year draws to a close, the Bank of Canada has opted for a steady approach, maintaining its key....