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Business News

Scotiabank says it has fixed technical issue that stalled payday deposits to customers

CBC Business News - 12 hours 44 min ago

Scotiabank says it has resolved the issue that prevented paycheques from being deposited in customer accounts and clients will start seeing payments land in their accounts.

Categories: Business News

Postmedia enters agreement to buy SaltWire chain of newspapers

CBC Business News - 12 hours 58 min ago

Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday.

Categories: Business News

Walmart Canada raises hourly store wages for roughly 40,000 workers

CBC Business News - 14 hours 46 sec ago

Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.

Categories: Business News

CrowdStrike says 97% of its Windows sensors are back online after global outage

CBC Business News - 14 hours 32 min ago

More than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage.

Categories: Business News

Posthaste: Canadian grandparents risking their own financial future to support family

Financial Post TopStories - 15 hours 18 min ago
21% are currently supporting at least one adult child and 30% have provided money to their grandchildren
Categories: Business News

Bank of Canada switches to 'risk management' mode

Financial Post TopStories - Thu, 2024-07-25 11:47
Watch TD Bank economist Derek Burleton on how lower interest rates could come quicker than we thought
Categories: Business News

Both GDP and GDP-per-capita important to consider as population grows, says Macklem

Financial Post TopStories - Thu, 2024-07-25 08:49
Canada’s growth per person has declined in six of the past seven quarters
Categories: Business News

Loblaw net earnings dip in Q2 as it settles price-fixing lawsuit

Financial Post TopStories - Thu, 2024-07-25 07:34
The retail giant's revenue grew to $13.9 billion in the quarter ended June 15, a 1.5 per cent year-over-year increase
Categories: Business News

Bank of Canada governor Tiff Macklem says the central bank's 'balance of worries is shifting'

Financial Post TopStories - Thu, 2024-07-25 06:08
In an exclusive interview with the Financial Post, Macklem explains how the worry now is inflation falling too far
Categories: Business News

Without mentioning boycott, Loblaw execs suggest it was a factor in weaker food sales

CBC Business News - Thu, 2024-07-25 05:59

During the company's second quarter earnings call on Thursday morning, Loblaw executives fielded questions from analysts about the grocery giant's soft food retail sales — and whether a boycott organized online had impacted the company's profits at all.

Categories: Business News

Posthaste: Bank of Canada interest rates could come down faster than we thought

Financial Post TopStories - Thu, 2024-07-25 05:03
Economists now expect cuts in September and October
Categories: Business News

Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement

CBC Business News - Thu, 2024-07-25 04:37

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme.

Categories: Business News

Bank of Canada cuts key interest rate again, more cuts 'reasonable' if inflation keeps easing

CBC Business News - Wed, 2024-07-24 06:50

The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists.

Categories: Business News

Bank of Canada cuts interest rates: Read the official statement

Financial Post TopStories - Wed, 2024-07-24 06:47
Reduces key policy rate to 4.50%
Categories: Business News

Bank of Canada cuts interest rate again and signals more to come

Financial Post TopStories - Wed, 2024-07-24 06:47
Central bank reduces benchmark rate to 4.5%
Categories: Business News

Privacy commissioner investigating customer claims they can't delete PC Optimum accounts

CBC Business News - Wed, 2024-07-24 05:41

The Office of the Privacy Commissioner of Canada says it's opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts.

Categories: Business News

Posthaste: How moving populations are 'rapidly reshaping' Canada’s luxury real estate

Financial Post TopStories - Wed, 2024-07-24 05:00
The number of homes selling in Calgary for more than $1 million have shot up 46%
Categories: Business News

Ghost jobs and being 'ghosted' rank as major complaints among people looking for work

Financial Post TopStories - Wed, 2024-07-24 03:00
Beat finding a position with a salary 'that meets their needs' as top concern
Categories: Business News

Tesla misses profit estimates, extending weak start to 2024

Financial Post TopStories - Tue, 2024-07-23 14:09
Fourth consecutive miss for EV-maker
Categories: Business News
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