Mortgage Rates Ease as Banks Cut Prime Rates to 5.45%

The Bank of Canada reduced its interest rate by 50 basis points on Wednesday, bringing it....

Annual Rents Hit 15-Month Low, Still Higher Than 3 Years Ago

In November, the average asking rent across Canada fell to its lowest point in 15 months,....

How the Holiday GST Relief Will Benefit Consumers

The federal government’s GST relief will begin this Saturday, providing some financial relief just before the....

Ottawa To Invest $1b+ In Expanding N.B.'s Clean Power Grid

DIEPPE, N.B. – The federal government has announced plans to invest over $1 billion to expand....

Political Chaos In France, Germany Slows Europe’s Economic Aid

Europe’s economy, already struggling with slow growth and competitiveness against the U.S. and China, now faces....

Canada’s 6.8% Jobless Rate Fuels Hopes For A 50-Point Rate Cut

In November, Canada recorded 1.5 million unemployed individuals, pushing the jobless rate to 6.8%, a level....

Saskatchewan Passes Bills on Tax Relief and Carbon Levy Exemption

Regina – Premier Scott Moe's government made good on its fall election promises by passing two....

Eli Lilly To Invest $3b In Wisconsin Plant Expansion For Demand

Eli Lilly plans to invest an additional $3 billion to expand its manufacturing capacity, aiming to....

Transport Minister Calls Out Air Canada Over New Carry-On Bag Fees

Transport Minister Anita Anand plans to meet with Canadian airline executives in mid-December following Air Canada’s....

Ontario Hit Hard By Soaring Beef Prices: Farmers And Consumers

Shoppers may be in for a surprise when they see the rising cost of beef at....

Trump To Block Japanese - US Steel Deal, Promises Tariffs, Tax Break

President-elect Donald Trump has reaffirmed his opposition to the proposed acquisition of U.S. Steel by Japanese....

Cyber Monday Poised To Break Records As Top Online Shopping Day

Shoppers in the United States are eagerly hunting for deals online as Cyber Monday kicks off,....

Canada's Economy Up 1% in Q3, Household & Govt Spending 

Canada’s economy expanded at an annual rate of 1% in the third quarter, primarily driven by....

Canada Post Offers Union A Framework To End Ongoing Strike

Canada Post has put forward a proposal aimed at resolving its ongoing labor dispute with the....

GDP Per Capita Drops Again; Economists Split On Rate Cut Size

The Canadian economy continued to shrink on a per-person basis for the sixth quarter in a....

Ottawa Shoppers Score Big with Black Friday Deals

Black Friday and Cyber Monday have evolved in recent years, with deals now extending over several....

Competition Bureau Sues Google, Demands Sale Of Ad Services

The Competition Bureau is taking legal action against Google, accusing the tech giant of anti-competitive behavior....

Walmart to Roll Back Diversity Policy: Impact on Canadian Employees?

Walmart Adjusts Diversity Policies Amid U.S. Political Shifts, Raising Questions for Canadian Operations Walmart, the world's....

Russian Ruble Collapses Amid Economic Turmoil Under Putin

The Russian ruble has hit its lowest value against the U.S. dollar since the onset of....

Closing First Nations Gap Could Add $635b To Economy: Report

Investing in First Nations Infrastructure Could Boost Canada's Economy by $635 Billion, Report Finds A recent....

Panic Triggers $200B Bitcoin and Crypto Market Crash

Bitcoin and other cryptocurrencies have seen a sharp decline after a strong rally sparked by Donald....

Trump Vows 25% Tariff On Canadian Goods Over Border Disputes

WASHINGTON – Former U.S. President Donald Trump announced plans to impose a 25% tariff on all....

Macy's Employee Hid $154m Expenses, Delaying Q3 Earnings

Macy’s revealed stronger-than-expected sales for the third quarter but announced a delay in releasing its full....

China's Singles’ Day Loses Its Spark Amid Economic Slowdown

Singles’ Day, China’s massive shopping festival held every November 11, has lost some of its appeal....

5 Key Trends to Watch in Canadian Business This Week

TORONTO— Key Canadian Business Stories to Follow This Week Postal Strike ContinuesThe strike involving around 55,000....

Elon Musk's Wealth Hits $347 Billion, Setting a New Record

Elon Musk, the world’s wealthiest individual, has reached a new milestone in personal fortune, with his....

Retailers Welcome GST Holiday But Call As ‘laborious’

Retailers are gearing up for a temporary suspension of the federal sales tax on select items,....

UN Climate Summit Stalls with Unclear Financial Commitments

BAKU, Azerbaijan — As the United Nations climate summit, COP29, entered its final scheduled day on....

FDA Issues Warning to Tom's of Maine Over Bacteria in Toothpaste

Tom's of Maine, a popular natural care brand, has been flagged by the U.S. Food and....

Roblox Adds Parental Controls, Restricts Under-13 Messaging

Roblox, the popular gaming platform, has rolled out new parental tools aimed at safeguarding its young....

October Inflation Hits 2%, Lowering Chances Of Big Rate Cuts

OTTAWA — Inflation in Canada edged up to 2% in October, raising questions about the size....

Canada's Youth Unemployment May Cost Billions, Report Warns

According to a new report by Deloitte commissioned by King's Trust Canada, over 850,000 Canadians under....

UK Farmers to Protest Tax Hike Threatening Family Farms

British Farmers Protest Inheritance Tax Changes, Warn of Dire Impact on Family Farms. British farmers gathered....

Canada’s First Indigenous-Owned Mining Royalty Company Launched

In June, Nations Royalty Corp., a new venture, began trading on the TSX Venture Exchange, marking....

Canada, Indonesia Strike Trade Deal; Trudeau Backs Nuclear Energy

Canada and Indonesia Finalize Trade Deal Amid Concerns Over Global Cooperation LIMA, Peru – Canada has....

Canada Post Strike Forces Small Businesses To Find Alternatives

As of Friday morning, Canada Post workers have gone on strike, leaving small business owners across....

The Onion Buys Infowars At Auction With Sandy Hook Families' Support

In a surprising twist, The Onion, a satirical news outlet, was declared the winner in the....

Cashback Rebates Could Save You Thousands On Real Estate Fees

Earlier this year, Mehrdad Khayeri purchased his dream home in the Greater Toronto Area, and with....

Bluesky Gains 1m Users Post-Us Election As X Alternatives Grow

Bluesky, a social media platform, has gained one million new users in just one week following....

Freeland: Carbon Rebate for Small Businesses Will Be Tax-Free

OTTAWA — Deputy Prime Minister and Finance Minister Chrystia Freeland announced on Tuesday that the carbon....

Canada Post Workers Issue Strike Notice; Company Warns Of Losses

The Canadian Union of Postal Workers (CUPW) announced that it will be in a legal strike....

Bitcoin Hits Record $87,000: Key Points on Post-Election Rally

Bitcoin has soared to a new record, surpassing $87,000 following Donald Trump’s recent presidential election victory.....

Free Public Transit Exists – You’ll Be Surprised Where!

As public transit in many Canadian cities faces challenges like rising fares and declining ridership, one....

B.C. Port Talks Stall; Attempt To End Lockout Falls Short

Negotiations to resolve the labor dispute that has halted container shipping at British Columbia's ports since....

Canada’s Job Market Holds Steady at 6.5% Unemployment

Canada’s unemployment rate stayed at 6.5% in October, showing no change from the previous month, as....

Rent Prices Drop in Cities for the First Time in Years

For the first time since July 2021, annual rent prices in Canada have dropped, showing a....

Asian Stocks Rally Post-Trump Win, Fed Decision In Focus

Asian shares bounced back Thursday after an initial dip, following record highs in U.S. stocks as....

U.S. Stocks Rally As Investors Await Election Results

New York – U.S. stock markets surged in after-hours trading Tuesday evening, with a new record....

Business Groups Say B.C. Port Stoppage Will Harm Canadian Economy

A recent work stoppage at British Columbia's ports has added to a series of supply chain....

Oil, Gas Companies Face Mandate To Slash Emissions By One-Third

Canada’s oil and gas sector is set to face new federal regulations aimed at significantly reducing....

CMHC Warns Of Rising Mortgage Risks As Delinquencies Increase

Canada’s housing market remains stable overall, yet risks are mounting, especially in the mortgage sector, according....

Warren Buffett Holds Over $325B as Berkshire Sells More Apple Shares

Warren Buffett’s Berkshire Hathaway has amassed over $325 billion in cash following a year of significant....

Menopause Products – Wellness Industry’s New Hype or Real Help?

In recent years, menopause has become a focus for the wellness industry, with a wave of....

Los Angeles County Sues Pepsi, Coca-Cola Over Plastic Waste

Los Angeles County has filed a lawsuit against PepsiCo and Coca-Cola, accusing the beverage giants of....

Tupperware Approved to Exit Bankruptcy with Lender Support

A U.S. bankruptcy judge on Tuesday approved Tupperware’s sale to a group of lenders, setting the....

Oil Prices Drop As Weak Demand Overtakes Middle East Conflict Risk

Global oil prices dropped significantly after Israel’s recent retaliatory strike targeted Iranian military facilities instead of....

5 Things To Watch For In The Canadian Business World, Coming Week

TORONTO— Five Key Canadian Business Events to Watch This Week Macklem’s Address to Parliament Bank of....

Crtc Announces Temporary Rates For Wholesale Fiber Internet Access

The Canadian Radio-television and Telecommunications Commission (CRTC) has set temporary rates that smaller internet providers must....

Yukon’s 2023-24 Budget Shifts From Surplus To Deficit

The Yukon government has announced a non-consolidated deficit exceeding $42 million, marking a nearly $91 million....

Federal Workers Protest Office Mandate, Study Shows Lower Emissions

A recent study reveals that federal employees in Ottawa generated 25% fewer emissions when working from....

Cineplex Appeals $38.9m Fine Over "Drip Pricing"

Cineplex is challenging a substantial $38.9 million penalty issued by the Competition Tribunal for allegedly misleading....

Boeing Workers Reject Contract, Extend 6-Week Strike

Boeing factory workers have voted to reject the company's latest contract proposal, extending a strike that....

Tourmaline And Clean Energy Launch 2 New Gas Stations In Alberta

CALGARY— Two new compressed natural gas (CNG) fueling stations have opened in Alberta to help heavy-duty....

Honda Recalls 61,000 Canadian Vehicles Due To Fuel Pump Problem

Honda has announced a recall of 61,000 vehicles in Canada due to concerns about a potentially....

Small Business Credit Card Fees Set To Drop Under New Deal

Credit card fees for small and medium-sized businesses are expected to decrease as an agreement between....

Canadians Feel The Pinch From Rising Grocery And Rent Costs: Poll

Rising grocery and rent prices continue to put financial strain on lower-income Canadians, even as inflation....

Importers Brace For Launch Of New Portal To Collect Duties

A new online tax collection portal for goods entering Canada is set to launch this week,....

Japan, UK, Italy To Fast-Track Next-Gen Fighter Jet Project

Japan, the U.K., and Italy have agreed to speed up their collaboration on developing a new....

Top 5 Trends To Watch In Canadian Business This Week

TORONTO— Here are five key events to look out for in the Canadian business world this....

Ottawa: Businesses Can Seek Tariff Exemptions On Chinese Imports

The federal government has announced that businesses can now apply for relief from the newly imposed....

Us Investigates Tesla's 'Full Self-Driving' After Fatal Crash In Fog

The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating Tesla’s "Full Self-Driving" system following several....

Tobacco Firms to Pay $32.5B in ‘Historic’ Deal with Provinces, Smokers

Three major tobacco companies are set to pay nearly $25 billion to provinces and territories and....

Amazon and Google compete with clean energy investments for data centers

On Wednesday, Amazon announced plans to invest in small nuclear reactors, following a similar move by....

Three Economists Win Nobel For Proving Freer Societies Prosper

On Monday, the Nobel Memorial Prize in Economics was awarded to three economists who have explored....

Trial Starts For U.S. Tech Consultant Accused In Cash App Founder's Death

The trial for Nima Momeni, charged with the fatal stabbing of Cash App founder Bob Lee,....

Elon Musk's 'Cybercab' Robotaxi Launch Fails To Impress Tesla Fans

Tesla's stock dropped sharply following CEO Elon Musk's presentation of a self-driving taxi and robovan at....

FTX to Return Billions to Customers After Crypto Collapse

FTX has gained court approval for its bankruptcy plan, enabling it to repay customers with up....

CRTC Urges Big 3 Telecoms to Cut International Roaming Fees

Canada's telecom regulator has called on the country's major cellphone providers to lower their international roaming....

Court Orders Probe Into Crea's Possible Anti-Competitive Actions

The Competition Bureau has secured a court order as part of its investigation into potential anti-competitive....

How Power-Hungry AI Can Boost Alternative Energy Growth

The Energy Impact of AI: Balancing Progress and Sustainability Using artificial intelligence (AI) can often feel....

Are Big Grocers Blocking Solutions To Cash In On Reusable Bags?

We've all been there—standing in line at the grocery store, realizing we forgot to bring our....

Enbridge plans new oil and gas pipelines in Gulf of Mexico

Enbridge Inc. is expanding its investment in the U.S. Gulf of Mexico, announcing plans to spend....

Federal Fisheries Officers Halt Work Amid N.S. Water Violence

Fisheries officers in Nova Scotia are refusing to carry out certain enforcement tasks due to growing....

Lafarge Launches Low-Carbon Fuel Facility at Alberta Plant

Calgary— Lafarge Canada Inc. has launched a new facility at its Exshaw plant in Alberta to....

Alberta Government Rejects Alcohol Sales In Grocery Stores

Albertans will not be able to purchase alcohol from grocery or convenience stores, as the provincial....

OpenAI Secures $6.6b Funding, Shifts From Nonprofit Origins

OpenAI has announced that it has raised $6.6 billion in venture capital, marking a significant move....

Tobacco Firms Push To Extend Halt On Legal Cases Against Them

Three major tobacco companies are once again asking to extend a court order that halts legal....

Epic Games Sues Google, Samsung For Antitrust Violations

Epic Games, the maker of the popular video game "Fortnite," filed a lawsuit on Monday against....

Ottawa’s Mortgage Changes Bring Big Wins for Homeowners, Lenders

In recent weeks, the mortgage market has seen a flurry of changes that are reshaping the....

Tech Glitch Leads To Accidental Sale On Quebec Liquor

Quebec's liquor authority, the Société des alcools du Québec (SAQ), experienced a temporary glitch that caused....

Vancouver Grain Workers Strike: No Deal After Two Days of Talks

Talks aimed at resolving a strike by grain terminal workers in Metro Vancouver have broken down,....

Nova Scotia Defends Funding Offer Rejected By Wine Industry

Nova Scotia's wine industry could still receive extra financial support, despite grape growers rejecting the proposal....

OpenAI Transitions from Nonprofit to For-Profit Model

OpenAI, originally a nonprofit research organization, is reportedly considering shifting its structure to a for-profit model....

Cambodia's New Canal Aims to Boost Trade, But Poses Mekong Risk

The Mekong River serves as a crucial resource for millions across six countries, supporting the world's....

Stellantis, Jeep And Ram maker Seeks New CEO Amid Struggles

Stellantis, the company behind Jeep and Ram, is searching for a successor to CEO Carlos Tavares,....

Air Canada Union Chief Vows To Resign If Pilots Reject Deal

The head of the Air Canada pilots union has announced she will step down if members....

GM Recalls 450,000 Vehicles for Brake Fluid Warning Issue

General Motors is recalling over 449,000 SUVs and pickup trucks due to a software issue in....

TD Bank Overhauls Leadership Following Money-Laundering Scandal

TD Bank Group, currently entangled in a U.S. money-laundering scandal, has announced that Raymond Chun will....

Maple Leaf Denies Bread Price-Fixing Before Lawsuit Bid

Maple Leaf Foods has firmly denied any involvement in an alleged bread price-fixing scheme as it....

Tupperware, Iconic Food Storage Brand, Files For Bankruptcy

Tupperware Brands, the company known for revolutionizing food storage, has filed for Chapter 11 bankruptcy protection.....

Canada’s Inflation Hits BOC’s Target: What’s Next for Prices?

Canada's inflation rate dropped to 2% in August, reaching the Bank of Canada's long-awaited target, according....

Rogers to Own Majority of MLSE After $4.7B Bell Buyout

Rogers Communications is set to buy Bell Canada's stake in Maple Leaf Sports & Entertainment (MLSE)....

Meta Bans Russian State Media Over 'Foreign Interference'

Meta, the company behind Facebook, WhatsApp, and Instagram, has announced a global ban on Russian state....

Canada Eases Mortgage Rules to Address Housing Crisis

On Monday, Finance Minister Chrystia Freeland announced changes to mortgage rules in an effort to address....

Whistleblower On Titan's Safety To Testify Before Coast Guard

David Lochridge, a former OceanGate employee who had raised concerns about the safety of an experimental....

Tiktok Battles Us Law In Court, Faces Possible Platform Ban

The U.S. government and TikTok are set to face off in federal court this Monday, with....

AI Business Leaders Meet Biden To Discuss Industry's Future

Top officials from the Biden administration met with executives from major tech companies, including OpenAI, Nvidia,....

B.C. Fines Coastal GasLink $590K for Pipeline Violations

The Environmental Assessment Office of British Columbia has fined Coastal GasLink Pipeline Ltd. $590,000 for shortcomings....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

HandyDART Co-Founder Supports Workers in Vancouver Strike

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

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....

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....

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....

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....

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....

Canadian Business Outlook: What to Watch This Week

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

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....

 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....

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....

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....

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,....

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,....

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.....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

‘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.....

Australian Government Approves World’s ‘Largest Solar Precinct’

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

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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

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

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....

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....

Airlines Abandon Small Cities, Disrupting Key Connections

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

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....

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....

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....

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....

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....

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....

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....

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....

Shippers Face Uncertainty as Rail Strike Threatens Operations

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

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....

Google Faces Major Setback in Antitrust Trial

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

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....

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....

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....

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....

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....

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....

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....

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....

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.....

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....

Canada to investigate Airline Cost and quality concerns

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

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....

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....

Postmedia is Set to Purchase SaltWire Newspaper Chain

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

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)....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

Woodside to Acquire Tellurian for $900 Million

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

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

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....

Young Canadians find savings in digital nomad living

In a sunlit café surrounded by greenery in Písac, Peru, Grayson Allen discusses his passion for....

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....

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....

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....

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,....

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....

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....

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....

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,....

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....

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.....

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....

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....

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....

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....

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....

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....

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.....

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....

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,....

Summer airfare to Canada soars

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

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....

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....

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,....

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....

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....

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,....

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....

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....

Paramount Global halts merger talks with Skydance Media

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

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....

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....

Wildfires Highlight Telecom Resiliency Challenges

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

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,....

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.....

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,....

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....

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....

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,....

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....

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....

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....

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....

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....

Canadian Navy Set to Deploy Unmanned Warships

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

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....

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....

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....

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....

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....

Walmart to Lay Off Hundreds in Corporate Restructuring

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

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....

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....

Canada Post Ends Nunavut Shipping Loophole

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

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....

Canfor Shutdowns Cost Hundreds of BC Jobs

Canfor Corporation, a British Columbia forestry company, has announced significant changes that will affect several communities....

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....

London Drugs Stores Reopen Post Cyberattack

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

Coast Guard Swiftly Responds to Vancouver's Drifting Barge

In Vancouver's English Bay, yet another incident unfolded as a barge broke loose from its mooring,....

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....

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....

Rising Tide of Spam Texts Plagues Canada

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

TD Bank Under Scrutiny: Fentanyl Investigation Fallout

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

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....

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....

CN, CPKC Workers Vote for Strike Mandate

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

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.....

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....

Quebec Airbus Employees Reject Third Contract Bid

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

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....

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....

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....

Quebec Court Greenlights Opioid Class Action

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

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....

Unraveling Discrepancies in Canadian Food Price Data

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

Insights into Canada's Lucrative Elver Fishery

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

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....

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....

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....

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.....

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,....

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....

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....