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US STOCKS

Stocks plunge into the red then rebound as uncertainty returns to markets

Pete Evans | News/Business | Mon, 24 Jan 2022 14:09:32 EST

Stock markets plunged into the red before recovering to finish the day in positive territory, as fears over war in Ukraine and higher interest rates in the U.S. and Canada took investors on a wild ride. read more

Photos // Pearson International Airport

Hundreds of thousands of Canadians are travelling abroad despite Omicron

Sophia Harris | News/Business | Sun, 23 Jan 2022 04:00:00 EST

Statistics Canada tallied more than 700,000 Canadian air passenger arrivals returning home from abroad in December despite Omicron's spread and Canada's advisory against international travel abroad. read more

NETFLIX AWARDS

Netflix price hike amid slowing customer growth has many wondering: Are we streamed out?

Pete Evans | News/Business | Sat, 22 Jan 2022 04:00:00 EST

The cost and convenience of streaming services like Netflix prompted millions to cut the cable TV cord in recent years. But with costs creeping higher and most households subscribing to more than one service, the explosive growth has slowed to a crawl, prompting some to wonder if the streaming party may be fizzling out. read more

Peloton logo on the side of a stationary bicycle

Peloton stock derails on report that user growth has hit the brakes

Reuters | News/Business | Fri, 21 Jan 2022 09:47:27 EST

Peloton Interactive Inc.'s chief executive said on Thursday the company was reviewing the size of its workforce and "resetting" production levels, following a report earlier in the day that it was temporarily halting production of connected fitness bikes and treadmills after a significant drop in demand. read more

Oilpatch Preview 20210418

Oil producers are flush with cash. Now what will they do with it?

Tony Seskus,Kyle Bakx | News/Business | Thu, 20 Jan 2022 04:00:00 EST

Spending plans are up this year in the oilpatch — but they won't rise near the levels seen earlier in the last decade. read more

Shell Quest 20200710

Scientists want Ottawa to scrap carbon capture tax credit

The Canadian Press | News/Science | Thu, 20 Jan 2022 11:32:04 EST

More than 400 Canadian climate scientists and other academics are pleading with Finance Minister Chrystia Freeland to scrap her plan to create a tax credit for companies that build carbon capture and storage facilities. read more

Zoom learning

The shorter work week: An idea whose time has finally come

Jon Peirce | News/Opinion | Thu, 20 Jan 2022 04:00:00 EST

A substantial hours reduction would benefit not just workers themselves but their families, who would then have more time with their parents or spouses. read more

Grocey Shopping, Montreal

Canada's inflation rate rises to new 30-year high of 4.8%

Pete Evans | News/Business | Wed, 19 Jan 2022 08:42:55 EST

The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991. read more

FIFAAlexHandsCU

Microsoft to buy game giant Activision Blizzard for $68B US

The Associated Press | News/Business | Tue, 18 Jan 2022 10:46:47 EST

Microsoft is buying the gaming company Activision Blizzard for $68.7 billion US, gaining access to blockbuster games like Call of Duty and Candy Crush. read more

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Some Canadian travellers want to know why those entering from the U.S. face less stringent rules

Sophia Harris | News/Business | Tue, 18 Jan 2022 04:00:00 EST

Some Canadian travellers required to spend days in isolation waiting for COVID-19 test results after arriving in the country from abroad want to know why Ottawa allows people coming in from the U.S. to skip quarantine.  read more

KINGSOOPERS-STRIKE/

Few signs of labour union resurgence, despite rising prices and worker shortages

Don Pittis | News/Business | Tue, 18 Jan 2022 04:00:00 EST

As Canada waits for its latest inflation figures, so far there are few signs that Canadians are turning to labour unions to fight for better wages and working conditions. Experts aren't sure why, but indications are workers are taking individual — rather than collective — action as Canada faces the "great attrition." read more

HEALTH-CORONAVIRUS/CANADA

Airlines seek end to mandatory COVID-19 testing of vaccinated passengers on arrival

Christopher Reynolds | News/Business | Mon, 17 Jan 2022 15:10:33 EST

Canada's largest airlines and its busiest airport asked the federal government Monday to drop its rule requiring vaccinated travellers to test on arrival for COVID-19. read more

realtor sign

Average house price topped $713,000 in December as supply of homes for sale plunges to lowest on record

Pete Evans | News/Business | Mon, 17 Jan 2022 09:27:01 EST

The Canadian Real Estate Association's House Price Index rose at the fastest annual pace of gain on record last year, with the average selling price in December topping $713,000. read more

Pay inequity wage gap photo illustration

Sharing salary information can narrow wage gaps — but studies show more equality can mean less pay

Anis Heydari | Radio/Cost of Living | Mon, 17 Jan 2022 04:00:00 EST

Pay transparency is the practice of making salary information more public in order to try and close wage gaps. But experts say it might not make compensation more equal without negotiating power such as unionization, and can actually lower your pay. read more

NETFLIX SMARTPHONE APP STREAMING DOWNLOAD

Netflix raising prices for standard and premium plans in the U.S. and Canada

Reuters | News/Business | Fri, 14 Jan 2022 15:34:12 EST

Netflix Inc. has raised its monthly subscription price in the U.S. and Canada by $1 to $2 US per month depending on the plan, the company said Friday, to help pay for new programming to compete in the crowded streaming market. read more

USA-CRIME/SHKRELI

U.S. judge orders 'Pharma Bro' Martin Shkreli to pay back $64M, bars him from drug industry

The Associated Press | News/Business | Fri, 14 Jan 2022 15:36:04 EST

Martin Shkreli must return $64.6 million US in profits he and his former company reaped from raising the price of the life-saving drug Daraprim, a federal judge ruled on Friday while barring Shkreli from participating in the pharmaceutical industry for the rest of his life. read more

Inside Victory Meat Market

Return of hero pay long overdue, frazzled grocery workers say

The Canadian Press | News/Business | Fri, 14 Jan 2022 15:36:44 EST

Retail workers say the refusal by Canada's grocers to reinstate "hero pay" has left them feeling forgotten and unappreciated as the Omicron wave leaves many stores short-staffed and shoppers stocking up. read more

Hidden camera - test house

Hidden cameras capture deceptive tactics used to sell overpriced HVAC contracts

Rosa Marchitelli,Katie Pedersen,Greg Sadler | News/Canada | Fri, 14 Jan 2022 04:00:00 EST

A hidden camera investigation by Marketplace and Go Public reveals the deceptive sales pitches luring so many Canadians into long-term contacts for new HVAC equipment they don't need. read more

Trucks lined up at Peace Bridge in Fort Erie, Ont., in October 2020 file photo

Federal government now says all truckers crossing border must be fully vaccinated

Peter Zimonjic | News/Politics | Wed, 12 Jan 2022 22:20:41 EST

All truck drivers crossing the border must be fully vaccinated as of Saturday, regardless of whether they are Canadian citizens or foreign nationals, the federal government said Thursday. read more

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A 5-letter word for copycat? Here's what you need to know about the puzzling Wordle brouhaha

Pete Evans | News/Business | Thu, 13 Jan 2022 10:26:15 EST

The wildly popular puzzle game Wordle has found itself in the middle of unexpected controversy this week as knock-off versions are trying to make a buck from the free game. read more

Freshii to start selling food at hundreds of 7-Eleven locations across Canada

Freshii to start selling food at hundreds of 7-Eleven locations across Canada

Canada/Consumer/Money | Mon, 24 Jan 2022 16:12:45 +0000

Freshii says its Energii Bites snacks will be available in roughly 600 locations across Canada. read more

Stocks bounce back after tumbling on Ukraine, interest rate fears

Stocks bounce back after tumbling on Ukraine, interest rate fears

Economy/Money/inflation | Mon, 24 Jan 2022 13:50:05 +0000

The U.S. and Canadian stock markets started the week down across most sectors amid escalating tensions over Ukraine and increasing pressure for interest rate hikes. read more

Canadians may see less food in grocery stores, but experts say no need to panic

Canadians may see less food in grocery stores, but experts say no need to panic

Canada/Consumer/Economy | Sun, 23 Jan 2022 22:58:44 +0000

Canadians shouldn’t worry about food availability or panic buy, experts said, but they may notice shortages of some items and higher prices. read more

Staycation boom could revitalize domestic tourism as pandemic persists

Staycation boom could revitalize domestic tourism as pandemic persists

Consumer/Economy/Money | Fri, 21 Jan 2022 19:11:36 +0000

Staycations are becoming an increasingly attractive option for Canadians looking to travel in 2022 but avoid the headaches and uncertainty of the COVID-19 pandemic. read more

‘Pressing need’ for Bank of Canada to raise interest rates amid inflation surge

‘Pressing need’ for Bank of Canada to raise interest rates amid inflation surge

Economy/Money/Bank of Canada | Thu, 20 Jan 2022 11:00:08 +0000

Odds are growing that the Bank of Canada will issue an interest rate hike earlier in the year than forecast as inflation soars to 30-year highs. read more

PBO report questions Liberals’ case to spend billions in planned stimulus

PBO report questions Liberals’ case to spend billions in planned stimulus

Canada/Money/News | Wed, 19 Jan 2022 19:57:41 +0000

The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails. read more

Inflation hits highest level in 30 years as Bank of Canada decision looms

Inflation hits highest level in 30 years as Bank of Canada decision looms

Economy/Money/Canada economy | Wed, 19 Jan 2022 13:47:35 +0000

Higher prices for food, passenger vehicles and housing drove up Canada's inflation rate in December, with some experts predicting costs will continue to rise into the spring. read more

Businesses indirectly hit in lockdowns slipping through cracks of COVID supports

Businesses indirectly hit in lockdowns slipping through cracks of COVID supports

Economy/Money/News | Wed, 19 Jan 2022 11:00:22 +0000

Businesses that aren't locked down but are nonetheless hurt by COVID-19 restrictions in Canada are struggling to get financial support in some provinces. read more

Homebuilding slows as housing supply hits record low in Canada, data shows

Homebuilding slows as housing supply hits record low in Canada, data shows

Economy/Money/Canada homebuilding | Tue, 18 Jan 2022 17:25:04 +0000

The pace of home building slowed from November to December in Canada as the number of homes on the market also dropped to record lows. read more

Netflix price hike may lead Canadians to rethink streaming subscriptions: analyst

Netflix price hike may lead Canadians to rethink streaming subscriptions: analyst

Canada/Consumer/Money | Tue, 18 Jan 2022 16:28:43 +0000

While Netflix isn't the only streaming giant to hike prices, it's done so the most frequently. read more

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