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Business News

Jobs minister presses Canada Post, workers to reach a deal

Jobs minister presses Canada Post, workers to reach a deal

Canada Jun 4, 2025 / 7:14 am

Jobs Minister Patty Hajdu is calling on Canada Post and its union to return to the bargaining table to hash out terms for binding arbitration. In a social media...

Greater Toronto home sales fall 13.3 per cent in May: board

Greater Toronto home sales fall 13.3 per cent in May: board

Ontario Jun 4, 2025 / 6:59 am

Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers. The...

Wall Street stalls following potentially discouraging report on the US job market

Wall Street stalls following potentially discouraging report on the US job market

United States Jun 4, 2025 / 6:53 am

U.S. stocks are drifting in tentative trading following a potentially discouraging signal on the job market and economy. The S&P 500 edged up 0.2% Wednesday...

NS Power breach allowed theft of 280,000 customers' data

NS Power breach allowed theft of 280,000 customers' data

Halifax Jun 4, 2025 / 6:29 am

A provincial legislative committee is scheduled to meet today to discuss the recent Nova Scotia Power cybersecurity breach that allowed cyber-thieves access to...

Part toy, part fashion, the arrival of the viral Labubu was a long time in the making

Part toy, part fashion, the arrival of the viral Labubu was a long time in the making

China Jun 4, 2025 / 4:00 am

Labubu, the plush toy from China's Pop Mart is a social media darling, but the toothy little monsters are far from an overnight success. Having appeared a...

Toy maker Spin Master cuts jobs as it contends with tariff uncertainty

Toy maker Spin Master cuts jobs as it contends with tariff uncertainty

Jun 3, 2025 / 6:09 pm

Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an emailed...

Federal judge blocks Florida from enforcing social media ban for kids while lawsuit continues

Federal judge blocks Florida from enforcing social media ban for kids while lawsuit continues

Florida Jun 3, 2025 / 3:27 pm

A federal judge has barred state officials from enforcing a Florida law that would ban social media accounts for young children, while a legal challenge against...

Meta becomes the latest big tech company turning to nuclear power for AI needs

Meta becomes the latest big tech company turning to nuclear power for AI needs

Jun 3, 2025 / 10:27 am

Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent...

Vancouver home sales continue to weaken; inventory builds: board

Vancouver home sales continue to weaken; inventory builds: board

Vancouver Jun 3, 2025 / 10:24 am

Vancouver home sales activity fell again in May as buyers continue sitting on the sidelines, the city's real estate board says. Greater Vancouver Realtors...

S&P/TSX composite down in late-morning trading, U.S. stock markets move up

S&P/TSX composite down in late-morning trading, U.S. stock markets move up

Canada Jun 3, 2025 / 8:54 am

Canada's main stock index was in the red in late-morning trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher. The...

Wall Street drifts as markets wait to see how much tariffs will affect economy

Wall Street drifts as markets wait to see how much tariffs will affect economy

United States Jun 3, 2025 / 6:57 am

U.S. stocks are drifting and financial markets worldwide are holding relatively steady as the wait continues for more updates on President Donald Trump’s...

Canadian telecom sector gathers for annual summit as report touts industry investment

Canadian telecom sector gathers for annual summit as report touts industry investment

Canada Jun 3, 2025 / 6:48 am

A new report says sustained investment in telecommunications infrastructure is key to boosting Canada's economic growth after the sector contributed $87.3...

Regulators called on to restart climate disclosure work

Regulators called on to restart climate disclosure work

Canada Jun 3, 2025 / 6:14 am

A group of 80 women leaders in business and civil society have called on Canadian securities regulators to resume work on climate disclosures. In an open letter...

Hudson's Bay goes back to court with Canadian Tire deal

Hudson's Bay goes back to court with Canadian Tire deal

Canada Jun 3, 2025 / 6:13 am

TORONTO — Hudson's Bay is expected to return to court Tuesday morning to seek approval for a $30-million deal it signed with Canadian Tire Corp. Ltd....

Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.

Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.

Jun 2, 2025 / 10:31 am

Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into...

Teck shuts mill at Carmen de Andacollo operations in Chile for unplanned maintenance

Teck shuts mill at Carmen de Andacollo operations in Chile for unplanned maintenance

Canada Jun 2, 2025 / 9:28 am

Teck Resources Ltd. says a mechanical issue has forced it to shut down the SAG mill at its Carmen de Andacollo operations in Chile for maintenance. The company...

S&P/TSX composite up as energy stocks rise, U.S. markets in the red

S&P/TSX composite up as energy stocks rise, U.S. markets in the red

Canada Jun 2, 2025 / 9:16 am

Strength in energy stocks as the price of oil climbed helped Canada's main stock index move up in late-morning trading, while U.S. stock markets fell. The...

Joly to prioritize Canadian steel, aluminum for defence, infrastructure

Joly to prioritize Canadian steel, aluminum for defence, infrastructure

Canada Jun 2, 2025 / 9:09 am

Ottawa is committed to using Canadian steel and aluminum in national infrastructure and defence projects as U.S. President Donald Trump threatens to impose more...

Crude oil rises after OPEC+'s production increase, US stocks head lower

Crude oil rises after OPEC+'s production increase, US stocks head lower

United States Jun 2, 2025 / 6:40 am

U.S. stocks are drifting lower and giving back a small bit of their sprint through May, which was their best month since 2023. The S&P 500 was 0.3% lower in...

The Bank of Canada faces a 'risky' rate decision in June

The Bank of Canada faces a 'risky' rate decision in June

Canada Jun 2, 2025 / 6:06 am

Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem. But while Cruise rides a plane in tailspin to his latest box...

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