Business News

No bubble tea this spring?

Apr 16, 2021 / 11:53 am

Canada is experiencing a shortage of the tapioca pearls or boba used in bubble tea as shipping delays continue to affect the global supply chain. A...

Grocery workers struggle

Apr 16, 2021 / 10:46 am

Grocery store workers are struggling with heightened stress and anxiety as they remain on the front lines of a surge in COVID-19 infections in Canada’s...

Loonie reaches 80 cents US

Apr 16, 2021 / 8:47 am

The loonie climbed to 80 cents US in late-morning trading as Canada's main stock index rose, helped by gains in the base metals sector. The S&P/TSX...

New limits on Big Three?

Apr 16, 2021 / 8:17 am

Some telecommunications analysts and consumer advocates say the country's regional wireless and internet carriers will benefit the most from a landmark...

Wholesale sales fall

Apr 16, 2021 / 6:28 am

Statistics Canada says wholesale sales fell 0.7 per cent in February to $68.8 billion, the second drop in three months. The drop followed a gain of 4.0 per cent...

Smaller networks to be let in

Apr 15, 2021 / 4:02 pm

Canada's biggest wireless network operators suffered a major setback Thursday as the CRTC issued orders that will make it easier for smaller rivals to...

WestJet eyes AirCan deal

Apr 15, 2021 / 10:10 am

WestJet CEO Ed Sims says the federal government's aid package for Air Canada could be "problematic" unless his company gets equitable treatment,...

Toyota recalls Venza SUVs

Apr 15, 2021 / 9:27 am

Toyota is recalling nearly 280,000 Venza SUVs in the U.S. because a wiring problem can stop the side air bags from inflating in a crash. The recall covers...

Delta Airlines loses $1.2B

Apr 15, 2021 / 9:05 am

Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if...

US jobless claims plunge

Apr 15, 2021 / 7:39 am

The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the...

Markets up in early trading

Apr 15, 2021 / 7:37 am

Canada's main stock index posted a triple-digit advance in early trading as the technology and base metals sectors helped lead the way and U.S. stock...

Manufacturing sales fall

Apr 15, 2021 / 7:16 am

Statistics Canada says manufacturing sales fell in February as the auto sector faced a shortage of microchips that forced some assembly plants to ramp down...

Home sales on record pace

Apr 15, 2021 / 6:57 am

The Canadian Real Estate Association says home sales hit an all-time record in March as supply slowly returned to the overheated market. Sales across the...

Aphria merger green-lit

Apr 14, 2021 / 3:14 pm

Aphria Inc. shareholders have voted in favour of the cannabis company's plan to merge with Tilray Inc. Leamington, Ont.-based Aphria did not immediately...

Few women in boardroom

Apr 14, 2021 / 10:23 am

A study by an Ottawa think tank has found that women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange, despite...

Parler hiding ownership?

Apr 14, 2021 / 9:27 am

Amazon has accused Parler, the social network known as a conservative alternative to Twitter, of trying to conceal its ownership amid a legal dispute between...

Dropping 'master' bedroom

Apr 14, 2021 / 7:22 am

Greater Toronto Area home hunters will soon spot a change to the property listings they browse. The Toronto Regional Real Estate Board's president Lisa...

Networks clash over ratings

Apr 14, 2021 / 7:17 am

People have been stuck at home for a year due to COVID-19 restrictions, with movie theatres closed, concert venues closed, restaurants closed, sports attendance...

Aid deal needs teeth

Apr 14, 2021 / 6:51 am

One of Canada's best-known advocates for passenger rights said Tuesday that taxpayers don't have enough security in the $5.9-billion aid deal struck by...

Air bag failures investigated

Apr 14, 2021 / 6:43 am

The U.S. government's highway safety agency is investigating complaints that the air bags may not inflate in a crash on thousands of General Motors...