CBC Business News

The Canadian Real Estate Association says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern that the association has previously described.

The Canadian Union of Postal Workers (CUPW) says approximately 55,000 workers in its urban and rural bargaining units are on strike. Both the union and Canada Post say progress in negotiations has been slow, leaving businesses and consumers to fret as busy shopping and holiday periods loom.

In Canada, the homeseller usually pays a commission to real estate agents on both sides of the transaction. But some agents are willing to offer a cashback rebate to home buyers, which works as a kind of discount on the total purchase price.

Some Scotiabank customers are still unable to access their online banking accounts after what the company called "scheduled maintenance" turned into a service outage that crept into Wednesday, sparking online anger and a proposed class action lawsuit.

23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs.

Federal government departments are still allowed to advertise on TikTok despite mounting security concerns about the social media app, CBC News has learned. 

The union representing Canada Post workers said it will be in a legal strike position on Friday, exactly one year after talks on a new contract began. But the union is holding back on deciding whether a job action will take place immediately.

If it seems like the Christmas shopping season starts earlier every year, you're not wrong. In response to growing customer demand, stores of all stripes brought out their festive collections weeks before the unofficial start of the holiday shopping season.

An Ottawa man feels it's his right to charge his car overnight at his apartment building since electricity is included in his rent, but his landlord disagrees.

A lockout at the Port of Montreal began Sunday night. The CEO of the Montreal Port Authority says if the dispute between dockworkers and the Maritime Employers Association drags on, it will have disastrous consequences for the economy.

While public transit in many Canadian cities is struggling with rising fares and falling ridership, one Ontario community has more than doubled its transit use in the past two years. Orangeville has made its buses free, joining a list of much larger communities that have gone fare-free.

Contract negotiations in a labour dispute that has paralyzed container cargo shipping at British Columbia's ports since Monday have been called off. It comes as more than 100 organizations representing industries from automotive and fertilizer to retail and mining urged the government to do whatever it takes to end the work stoppage.

The employers' association is threatening to lock out workers at 9 p.m. Sunday if a deal isn't reached.

Canada's unemployment rate was unchanged in October at 6.5 per cent, while job growth was little changed from the previous month, Statistics Canada said Friday.

The federal government ordered an end to TikTok's Canadian operations on Wednesday, citing national security concerns. But its decision to keep the app itself available has privacy experts puzzled.

The province says the move comes "after years of AIMCo consistently failing to meet its mandated benchmark returns." For now, Finance Minister Nate Horner has been appointed the AIMCo board's sole director and chair. Senior public servant Ray Gilmour has been appointed interim CEO.

The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday. Policymakers took note of a job market that has "generally eased," while inflation continues to move toward the central bank's two per cent target.

Total greenhouse gas emissions from Alberta's oilsands have remained relatively flat for the last few years but could climb yet again in 2024 as the industry ratchets up oil production, according to a new report released Thursday.

Canadian rental prices fell 1.2 per cent in October compared to the same time last year. It's the first time that annual rents have declined since July 2021, according to a new report.