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Business News

TikTok is suing the U.S. over 'obviously unconstitutional' law that would ban it

CBC Business News - Tue, 2024-05-07 10:30

TikTok and its Chinese parent company, ByteDance, are suing the U.S. over a law that would ban the popular video-sharing app unless it's sold to another company, arguing that it relies on vaguely painting it as a threat to national security to get around the First Amendment.

Categories: Business News

Boeing under investigation after workers falsified inspection records on some Dreamliners

CBC Business News - Tue, 2024-05-07 09:13

The Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its engineers have determined that misconduct did not create "an immediate safety of flight issue."

Categories: Business News

Trans Mountain seen delivering better prices for Canadian oil 'for years'

Financial Post TopStories - Tue, 2024-05-07 08:16
But Meg Energy predicts the pipeline will eventually meet its capacity
Categories: Business News

David Rosenberg: Tanking economy, productivity mean Bank of Canada should cut rates with or without the Fed

Financial Post TopStories - Tue, 2024-05-07 08:15
Canada can cope with a weaker dollar; in fact the country needs it
Categories: Business News

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

Financial Post TopStories - Tue, 2024-05-07 05:02
Loonie under pressure as U.S. dollar soars and Bank of Canada looks set to cut rates, says TD
Categories: Business News

Hundreds strike at Nestle chocolate plant in Toronto: Unifor

CBC Business News - Mon, 2024-05-06 06:45

Hundreds of Nestle workers walked off the job in Toronto on Sunday after rejecting a tentative agreement the union reached with the chocolate maker.

Categories: Business News

Posthaste: Canadian dream of owning a home is fading for a whole generation

Financial Post TopStories - Mon, 2024-05-06 05:04
Millennials and gen z have seen the most significant decline in homeownership
Categories: Business News

Competition Bureau investigating Lululemon over greenwashing allegations

CBC Business News - Mon, 2024-05-06 05:01

Canada's Competition Bureau has opened a formal investigation into Lululemon's environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday.

Categories: Business News

Work stoppage averted as WestJet, aircraft engineers' union reach tentative deal

CBC Business News - Sun, 2024-05-05 22:20

WestJet and the union representing its maintenance engineers reached a tentative agreement late Sunday, averting a work stoppage that could have started disrupting flights as early as Tuesday afternoon.

Categories: Business News

Here's why gas prices are already up ahead of the summer surge

Financial Post TopStories - Sun, 2024-05-05 06:00
Watch gas price expert Dan McTeague explain what's behind the recent jump at the pumps
Categories: Business News

Provincial governments facing higher debts and more financial pressure

CBC Business News - Sun, 2024-05-05 05:00

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder.

Categories: Business News

London Drugs begins to gradually reopen stores after cyberattack

CBC Business News - Sat, 2024-05-04 15:13

London Drugs says it is gradually reopening its stores across Western Canada, six days after the retail and pharmacy chain shuttered all locations, due to a cybersecurity incident.

Categories: Business News

WestJet issues lockout notice to mechanics' union

CBC Business News - Sat, 2024-05-04 12:12

Airline president says work stoppages could begin as early as Tuesday at noon MT.

Categories: Business News

Trans Mountain 'one of the most bullish catalysts' for Canadian oil in years, analysts says

Financial Post TopStories - Sat, 2024-05-04 06:00
Watch oil expert Eric Nuttall talk about Canada's newest pipeline and what it means for oil prices and oil companies
Categories: Business News

Canada Post lost $748 million last year, warns of 'critical' financial situation

CBC Business News - Fri, 2024-05-03 16:13

Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.

Categories: Business News

Is the Loblaw boycott privileged? Here's why some people aren't shopping around

CBC Business News - Fri, 2024-05-03 13:12

Location. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer.

Categories: Business News

TD Bank could face more severe penalties after drug money laundering allegations, says analyst

CBC Business News - Fri, 2024-05-03 12:25

TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.

Categories: Business News

OSC pledges tougher and more visible enforcement

Financial Post TopStories - Fri, 2024-05-03 10:32
Plans for Canada's largest capital markets regulator nod to Ontario government expectations of less regulatory burden
Categories: Business News

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

Financial Post TopStories - Fri, 2024-05-03 07:45
Key data points indicate the central bank is keeping policy 'far too tight'
Categories: Business News

Posthaste: Over half of Canadians would pay more to support small grocers

Financial Post TopStories - Fri, 2024-05-03 05:00
58% would choose to pay more for items and services to support a small business
Categories: Business News
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