Business News

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition.

The Bank of Canada confirmed to CBC News it has shifted its focus away from the idea of introducing a digital Canadian dollar, which could be used for online purchases and money transfers.

Rogers Communications has bought Bell out of its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors, for $4.7 billion.

Canada Mortgage and Housing Corp. says the annual pace of new home construction, known as housing starts, slowed 22 per cent in August compared with July.

A key employee who labeled a doomed experimental submersible unsafe prior to its last, fatal voyage testified Tuesday that he frequently clashed with the company's co-founder and felt the company was committed only to making money.

Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid a growing backlash against how social media affects young people's lives.

Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers' strike that began last week, the company told employees Monday.

Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.

Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks, alleging the outlets used deceptive tactics to carry out influence operations while evading detection on the social media company's platforms.