Business News
Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose
The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday. The agency said...
Hockey business is booming as the NHL bounces back from the pandemic in a big way
Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat...
Tim Hortons launches pizza nationally to 'stretch the brand' to afternoon, night
Tim Hortons executives and chefs have collectively eaten thousands of flatbread pizzas over the last several years. There were versions that were spicy, others...
China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the...
WestJet Encore pilots announce tentative deal in labour dispute with regional carrier
The union representing WestJet Encore pilots says a tentative deal has been struck with their employer, days before the pilots had threatened to go on strike....
EVs, hydrogen among B.C.-Korea trade opportunities
The value of B.C. and Canada’s trade relationship with South Korea is expected to grow, following a record Canada-Korea trade year in 2022 and relatively...
Walmart launches pilot program for customers to recycle reusable shopping bags
Walmart Canada is launching a national pilot program for customers to recycle their reusable shopping bags. The retailer says customers from across Canada can...
Lynx Air claims passenger refunds will hurt investors due to defiant contractor
Lynx Air says customer refunds are a big expense for the insolvent company thanks to an unco-operative contractor. The ultra-low-cost carrier, which ceased...
Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets...
Statistics Canada reports manufacturing sales up 0.7% in February at $71.6B
Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal. The agency says...
Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer
Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite...
Parkland says strategic review called for by Simpson Oil is unnecessary
Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary. The Calgary-based company says such a...
Canadian Airbus workers reach tentative agreement with company
Airbus Canada says it has reached a tentative agreement with the union representing employees at the company's assembly facility in Mirabel, Que. The...
Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation
A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation,...
Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss
Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw...
Regulator limiting leverage in bank mortgage portfolios
Canada's banking regulator says it will be putting limits on how much leverage banks allow in their uninsured mortgage portfolios. The Office of the...
March home sales, average price rise from year ago: CREA
The Canadian Real Estate Association says the number of home sales in March rose 1.7 per cent compared with a year ago. The increase came as the average price...
Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk
In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada...
Metro Vancouver industrial real estate market starting to normalize
Metro Vancouver’s industrial market is entering a period of equilibrium, as the frenzy that once defined the market dies down. This is according to a...
Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago
Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue...