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Business News

Faster cuts and slower cuts both on table for Bank of Canada, deliberations show

Financial Post TopStories - 7 hours 23 min ago
The governing council fretted that the economy and employment might not pick up as anticipated
Categories: Business News

U.S. Federal Reserve cuts interest rates by half a percentage point

CBC Business News - 7 hours 28 min ago

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.

Categories: Business News

Tupperware, pioneer of food storage and sales parties, files for bankruptcy

CBC Business News - 8 hours 45 min ago

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.

Categories: Business News

Bank of Canada shelves idea for digital Loonie

CBC Business News - 8 hours 53 min ago

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.

Categories: Business News

Need an electric charger? This Canadian company is figuring out where to put them

Financial Post TopStories - 10 hours 54 min ago
Oakville Ont.-based Geotab collects data from four million vehicles and aims to grow bigger
Categories: Business News

Bank of Canada to cut deeper and faster, predicts Desjardins' Jimmy Jean

Financial Post TopStories - 10 hours 57 min ago
Watch chief economist on what this week's inflation data means to interest rates
Categories: Business News

Rogers to become majority owner of MLSE after buying Bell's stake for $4.7B

CBC Business News - 13 hours 7 min ago

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.

Categories: Business News

Posthaste: More Canadians consider starting their own business

Financial Post TopStories - 15 hours 44 min ago
72% of aspiring entrepreneurs are exploring different ways to transition into working for themselves
Categories: Business News

New home construction down 22% in August, says CMHC

CBC Business News - Tue, 2024-09-17 12:43

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.

Categories: Business News

Here's what economists had to say about the latest inflation numbers

Financial Post TopStories - Tue, 2024-09-17 12:26
The reading was the slowest increase in the CPI since February 2021
Categories: Business News

What Ottawa's new mortgage rules mean for homebuyers, banks and real estate

Financial Post TopStories - Tue, 2024-09-17 08:12
Federal government extends 30-year amortizations to more buyers and raises mortgage insurance cap
Categories: Business News

How Halifax became cool: City's outgoing mayor sees even bigger things ahead

Financial Post TopStories - Tue, 2024-09-17 07:54
MIke Savage, who will not seek reelection, always believed Halifax could be the next great ocean city
Categories: Business News

A key employee says the Titan sub tragedy could have been prevented

CBC Business News - Tue, 2024-09-17 06:51

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.

Categories: Business News

Instagram rolls out teen accounts, other privacy changes designed to protect those under 18

CBC Business News - Tue, 2024-09-17 06:28

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.

Categories: Business News

Inflation rate slows to 2%, raising odds of bigger Bank of Canada rate cut

Financial Post TopStories - Tue, 2024-09-17 05:56
Lowest increase in consumer price index since February 2021
Categories: Business News

Boeing says it's considering temporary job cuts during factory worker strike

CBC Business News - Tue, 2024-09-17 05:42

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.

Categories: Business News

Canada's inflation rate finally hit the Bank of Canada's target. What does that mean for prices?

CBC Business News - Tue, 2024-09-17 05:42

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.

Categories: Business News

Posthaste: Slumping 'business dynamism' yet another sign Canada's economy is ailing

Financial Post TopStories - Tue, 2024-09-17 05:00
The number of businesses being created is slowing and the number closing is rising
Categories: Business News

Facebook owner Meta bans Russian state media outlets over 'foreign interference activity'

CBC Business News - Mon, 2024-09-16 17:08

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.

Categories: Business News

Air Canada and its pilots reached a last-minute agreement to avert a strike. Here's what we know about the deal so far

Financial Post TopStories - Mon, 2024-09-16 12:20
Airline offered to increase aviators’ pay by 4% annually over 3 years, plus an upfront 26% pay boost, along with other benefits
Categories: Business News
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