203167
191133

Business News

Canada 'watching closely' as Biden pressed to fix Inflation Reduction Act 'glitches'

Canada 'watching closely' as Biden pressed to fix Inflation Reduction Act 'glitches'

United States Dec 5, 2022 / 6:21 pm

Prime Minister Justin Trudeau said Monday that Canada will be "watching closely" as the United States responds to complaints from Europe about the...

Loblaw exec pushes back on claim that grocery giant is profiteering from inflation

Loblaw exec pushes back on claim that grocery giant is profiteering from inflation

Dec 5, 2022 / 1:47 pm

A Loblaw executive is disputing an accusation that the grocery giant is taking advantage of inflation to drive up its own profits. The company's senior vice...

WestJet announces new flights to Tokyo, Barcelona, and Edinburgh

WestJet announces new flights to Tokyo, Barcelona, and Edinburgh

Dec 5, 2022 / 9:06 am

WestJet plans to offer flights to Japan starting this spring, marking the airline's first non-stop flights to Asia from Calgary. The Calgary-based airline...

AltaGas raising quarterly dividend 6% to 28 cents per share

AltaGas raising quarterly dividend 6% to 28 cents per share

Dec 5, 2022 / 8:59 am

AltaGas Ltd. is raising its dividend by six per cent. The energy infrastructure company says it will pay a quarterly dividend of 28 cents per share, up from...

Russian oil price cap, EU ban aim to limit Kremlin war chest

Russian oil price cap, EU ban aim to limit Kremlin war chest

Dec 5, 2022 / 6:52 am

Oil prices rose Monday as the first strong measures to limit Russia's oil profits over the war in Ukraine took effect, bringing with them uncertainty about...

Outgoing CEO Al Monaco says Enbridge 'poster child' for an orderly energy transition

Outgoing CEO Al Monaco says Enbridge 'poster child' for an orderly energy transition

Dec 5, 2022 / 6:47 am

Al Monaco may be the outgoing CEO of Canada's largest energy company, but don't ask him to predict the price of oil a decade from now — or even...

Canadian families will pay $1,065 more for groceries in 2023, report predicts

Canadian families will pay $1,065 more for groceries in 2023, report predicts

Dec 5, 2022 / 6:35 am

Canadians won't escape food inflation any time soon. Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up...

As Musk is learning, content moderation is a messy job

As Musk is learning, content moderation is a messy job

Dec 5, 2022 / 6:10 am

Now that he’s back on Twitter, neo-Nazi Andrew Anglin wants somebody to explain the rules. Anglin, the founder of an infamous neo-Nazi website, was...

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

Dec 5, 2022 / 5:59 am

Five things to watch for in the Canadian business world in the coming week: Food inflation The House of Commons committee looking at food price inflation will...

Food delivery robots hit Canadian sidewalks, but many challenges delay mass adoption

Food delivery robots hit Canadian sidewalks, but many challenges delay mass adoption

Canada Dec 4, 2022 / 7:31 am

When customers in downtown Vancouver placed orders with Pizza Hut in September, many of the pies landed on their doorsteps without a courier in sight. Instead,...

No OPEC+ oil shakeup as Russian price cap stirs uncertainty

No OPEC+ oil shakeup as Russian price cap stirs uncertainty

Dec 4, 2022 / 6:45 am

The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about...

BC sheds 13,700 jobs in November as rate hikes take toll on economy

BC sheds 13,700 jobs in November as rate hikes take toll on economy

Dec 2, 2022 / 9:44 am

The West Coast answered the Bank of Canada’s late October rate-hike by shedding 13,700 jobs in November, with construction taking the biggest hit. The...

BoC expected to end year with one more rate increase, likely to pause hikes soon

BoC expected to end year with one more rate increase, likely to pause hikes soon

Dec 2, 2022 / 8:57 am

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike...

November auto sales in Canada up from year ago: DesRosiers report

November auto sales in Canada up from year ago: DesRosiers report

Dec 2, 2022 / 8:50 am

A report by DesRosiers Automotive Consultants says light vehicle sales in November rose 4.1 per cent compared with last year. The firm estimates 114,966 light...

Profits in 15 sectors, including oil and gas, driving bulk of inflation: report

Profits in 15 sectors, including oil and gas, driving bulk of inflation: report

Dec 2, 2022 / 6:53 am

A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of...

Tesla delivers electric semis to PepsiCo at Nevada factory

Tesla delivers electric semis to PepsiCo at Nevada factory

Dec 2, 2022 / 6:44 am

Tesla delivered its first electric semis to PepsiCo Thursday, more than three years after Elon Musk said his company would start making the trucks. The Austin,...

Unemployment rate drops slightly to 5.1% in November: Statistics Canada

Unemployment rate drops slightly to 5.1% in November: Statistics Canada

Dec 2, 2022 / 6:38 am

Employment was little changed in November as the economy added a modest 10,000 jobs, Statistics Canada says. In its latest labour force survey, the federal...

Reform candidates lead in UAW races with 56% of vote counted

Reform candidates lead in UAW races with 56% of vote counted

Dec 2, 2022 / 6:20 am

Members of the United Auto Workers union appeared on Thursday to favor replacing many of their current leaders in an election that stemmed from a federal...

Musk's company aims to soon test brain implant in people

Musk's company aims to soon test brain implant in people

Dec 1, 2022 / 4:31 pm

Tech billionaire Elon Musk said his Neuralink company is seeking permission to test its brain implant in people soon. In a “show and tell”...

Volkswagen searching in Canada for first North American battery factory site

Volkswagen searching in Canada for first North American battery factory site

Dec 1, 2022 / 1:14 pm

Volkswagen AG says it has started searching in Canada for the site of its first battery factory in North America. The automotive giant says its chief executive...

203931
203223
204514
203914