Business News

Air travellers are seen in the background of a computer showing the blue screen of death.

Be warned: After global tech outage, phishing schemes and scammers may try to exploit you

News/World | Sat, 20 Jul 2024 18:46:49 EDT

As the world recovers from a global tech outage that caused chaos for travellers, hospitals and banks, concerns are being raised about phishing schemes trying to reel in businesses and individuals. read more

Worker shown opening a door at Stellantis' Windsor assembly plant.

Stellantis tells owners of over 24,000 hybrid minivans to park outdoors due to battery fire risk

News/Canada/Windsor | Fri, 19 Jul 2024 15:19:31 EDT

Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors away from buildings, and to stop charging them due to the possibility of battery fires. read more

Cucumbers, tomatoes and other vegetables on display in a grocery store.

What is the grocery code of conduct?

News/Business | Thu, 18 Jul 2024 18:28:55 EDT

The proposed, voluntary code of conduct aims to promote fair and ethical dealing between retailers and suppliers. Experts say it should help boost competition but it's unclear what the effect on pricing could be. read more

A man sleeps on a window ledge over a street

Day of disruptions, dashed plans for many Canadians after global tech outage

News/World | Fri, 19 Jul 2024 03:52:18 EDT

Canadians weren't spared the headaches of cancelled flights, delayed medical appointments and other problems caused by a cybersecurity software upgrade fail that resulted in a host of cascading issues around the globe on Friday. read more

Two shoppers coming from opposite directions cross a cross walk with their shopping carts.

All major grocery retailers agree to sign on to industry-developed code of conduct

News/Business | Thu, 18 Jul 2024 14:08:30 EDT

The voluntary code will provide more stability for independent grocers by ensuring smaller retailers have access to food supplies. read more

Kalpana and Porur Kumanan sitting on their livingroom couch.

This couple was asked to check their carry-ons. They protested — and were booted from the flight

News/Business | Thu, 18 Jul 2024 04:00:00 EDT

The Ontario couple was banned from their flight after refusing to check carry-on bags containing valuables and medication. The incident shows the growing problem for airlines as more Canadians vie for often limited overhead space.  read more

An image of a handheld steam cleaning device on a white background.

Bissell recalls more than 3 million hand-held steam cleaners after dozens of people burned

News/Canada | Thu, 18 Jul 2024 16:28:35 EDT

Around 3.3 million steam cleaners are being recalled across North America because of a burn hazard that has resulted in consumers reporting more than 150 injuries. read more

A blonde woman is pictured in front of a potato field wearing a t-shirt that says,

Alberta's potato industry is booming thanks to a global appetite for french fries

News/Canada/Calgary | Thu, 18 Jul 2024 04:00:00 EDT

Alberta's potato industry is in the middle of a growth spurt thanks to an expansion of processing capacity and a growing appetite in Asian countries for french fries and hash browns. read more

A man stands on a shirt with the words 'OpenAI' on a screen behind him.

AI has a lot of fans in business. But does it actually make money?

News/Business | Thu, 18 Jul 2024 04:00:00 EDT

While AI's inevitability has been a recurring refrain in much of the business media, there has been a small chorus of skeptics demanding proof of its ability to do what corporations need most: make money. read more

A person wearing a t-shirt and pants has the gas station pump in their car. There are other cars behind them.

Inflation dipped to 2.7% in June as gas price growth slowed

News/Business | Tue, 16 Jul 2024 09:31:22 EDT

Prices in Canada rose 2.7 per cent on average compared to last year, according to the latest Consumer Price Index data from Statistics Canada. These are the last inflation numbers to be released before the Bank of Canada decides whether to change its key interest rate on July 24. read more

A woman in a blue shirt and curly blonde hair holds onto her two young children. A man in a grey t-shirt stands beside them smiling.

Think your grocery bill is high? Try eating gluten-free

News/Canada/Nova Scotia | Wed, 17 Jul 2024 05:00:00 EDT

Families living with celiac disease struggle to pay for gluten-free food, which is up to five times more expensive than food with gluten. read more

A look through a section of steel pipeline.

TC Energy's $15B Keystone XL legal claim against U.S. government thrown out

News/Canada/Calgary | Tue, 16 Jul 2024 13:05:52 EDT

The nearly two-decade-long oil pipeline saga surrounding the failed Keystone XL pipeline is nearing an end as Calgary-based TC Energy has lost its bid to recoup $15 billion from the U.S. government. read more

A sign saying

Corus Entertainment 'aggressively' cutting costs, laying off more employees as revenue slumps

News/Business | Mon, 15 Jul 2024 14:20:49 EDT

As revenue slumps from a "challenging advertising environment," Canadian media company Corus Entertainment Inc. — which houses brands like Global News and YTV — is "aggressively" cutting costs, continuing layoffs and shutting down parts of its business. read more

The Canadian flag flies outside the Stelco Steel Mill in Hamilton, Ont.,  on Thursday, November 25, 2004.

Hamilton steelmaker Stelco sold to Cleveland-Cliffs for $3.4B

News/Canada/Hamilton | Mon, 15 Jul 2024 10:22:41 EDT

Hamilton-based steelmaker Stelco Holdings Inc. is set to be acquired by U.S.-based Cleveland-Cliffs Inc. for $3.4 billion Cdn. The company said its headquarters will remain in Hamilton and it will build on its existing 1,000-employee footprint in Canada. read more

A ticket that says ticketmaster.

Use any tools offered to monitor credit following Ticketmaster data breach, says expert

News/Business | Sun, 14 Jul 2024 04:00:00 EDT

Consumers who have fallen victim to corporate data breaches should stay vigilant about monitoring their personal accounts and financial information, but may not need to completely cancel or close affected accounts, according to a lawyer and data breach expert practising in Canada. read more

A young woman walks on rocky ground with two young boys, one a toddler. A mountain is seen in the background.

Trade your zucchini loaf for my jar of tomatoes? Why some Canadians are turning to bartering again

Radio/Cost of Living | Sun, 14 Jul 2024 04:00:00 EDT

Although bartering's roots reach back to ancient times, long before cash and cryptocurrencies, some Canadians are returning to the practice, especially as they grapple with an affordability crisis. read more

Two rows of cars, with dozens in each row, are picture from the narrow space between the two rows.

0% financing on a new car? Deals are back — on some models

Radio/Cost of Living | Sat, 13 Jul 2024 04:00:00 EDT

Over the last few years, car deals disappeared. But industry experts say shopping for a new or used vehicle is becoming more of a buyers market. read more

Houses are pictured in Vancouver, B.C on Thursday April 4, 2024 with a

Fewer home sales and lower average housing prices in Canada compared to last year

News/Business | Fri, 12 Jul 2024 10:28:42 EDT

The Canadian Real Estate Association says while sales were up in June 2024 compared to the month before, they are lower than the same time last year, with a slower market leading to a scaled back forecast for the rest of the year. read more

A jetliner branded WestJet takes off against a blue sky  and mountains in the distance.

WestJet and mechanics' union ratify contract in aftermath of strike

News/Canada/Calgary | Fri, 12 Jul 2024 15:44:13 EDT

A collective agreement between WestJet and its mechanics has been ratified, just weeks after a two-day strike forced large-scale flight cancellations and cost the airline millions of dollars. read more

A blue and black logo

AT&T data breach affected nearly all customers after info downloaded to 3rd-party platform

News/Business | Fri, 12 Jul 2024 15:05:40 EDT

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally. read more

Auto insurance premiums rising: Here’s what you can do to trim the bill

Auto insurance premiums rising: Here’s what you can do to trim the bill

Canada/Consumer/Money | Sat, 20 Jul 2024 10:00:26 +0000

Rising auto insurance premiums tied to stolen vehicles are affecting drivers even when they haven't been targeted themselves. Here's why and what you can do about it. read more

Grocer code of conduct may help stabilize food prices: Kraft Heinz Canada head

Grocer code of conduct may help stabilize food prices: Kraft Heinz Canada head

Canada/Consumer/Money | Fri, 19 Jul 2024 12:28:06 +0000

Simon Laroche says the grocers' code could bring stability to an industry emerging from a difficult years marked by empty shelves, sticker shock and rising consumer frustration. read more

Increased child benefits go out Friday. Here’s what parents can expect

Increased child benefits go out Friday. Here’s what parents can expect

Canada/Money/Canada Child Benefit | Thu, 18 Jul 2024 08:00:56 +0000

July payments of the Canada child benefit are going out Friday. How much will Canadian parents get? read more

Some Canadian grandparents supporting kids are risking their own retirement

Some Canadian grandparents supporting kids are risking their own retirement

Canada/Money/Bank of Mom and Dad | Wed, 17 Jul 2024 19:52:40 +0000

Among those providing support to their kids and their kids’ kids, a majority of respondents to a new poll said they are sacrificing their own savings to provide assistance. read more

Group in charge of Google’s $100M for news outlets lays out its governance model

Group in charge of Google’s $100M for news outlets lays out its governance model

Canada/Money/Tech | Wed, 17 Jul 2024 18:51:18 +0000

The Canadian Journalism Collective submitted plans to Canada's broadcasting regulator this week outlining the structure of the board that will ultimately oversee the funds. read more

Wave of mortgage renewals drives owners to list homes, analysts say

Wave of mortgage renewals drives owners to list homes, analysts say

Canada/Economy/Money | Wed, 17 Jul 2024 18:27:01 +0000

Rising inventories with anemic sales show a high degree of stress in Canada's biggest property market, real estate consultants said. read more

Guns, prisons and Truth Social: Stocks on the rise after Trump shooting

Guns, prisons and Truth Social: Stocks on the rise after Trump shooting

Money/U.S. News/Donald Trump | Tue, 16 Jul 2024 16:24:52 +0000

Crypto stocks and other shares that could benefit from a Trump presidency jumped as an assassination attempt on the Republican candidate boosted his odds. read more

Bank of Canada rate-cut odds rise after June inflation release

Bank of Canada rate-cut odds rise after June inflation release

Canada/Consumer/Economy | Tue, 16 Jul 2024 12:33:54 +0000

The Bank of Canada will be closely scrutinizing June inflation figures as the central bank prepares for its next interest rate decision on July 24. read more

Upcoming June inflation data could open door to 2nd Bank of Canada rate cut

Upcoming June inflation data could open door to 2nd Bank of Canada rate cut

Canada/Economy/Money | Mon, 15 Jul 2024 10:00:13 +0000

The Bank of Canada will get its last look at inflation figures this week before deciding whether to deliver back-to-back rate cuts on July 24. read more

Struggling with money? What you can do to tackle mounting debt

Struggling with money? What you can do to tackle mounting debt

Canada/Consumer/Money | Fri, 12 Jul 2024 20:42:29 +0000

Consumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line. read more

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