Business News

Natasha Phipps

Why Ontario buyers are scooping up investment properties in Calgary

Paula Duhatschek | News/Canada/Calgary | Thu, 1 Dec 2022 04:00:00 EST

In recent years, the Calgary real estate market has seen a significant amount of investment from out-of-province buyers, particularly those in Ontario. read more

ALTA Speech From The Throne 20221129

Concerns grow that Alberta's Sovereignty Act will drive investment from province when it's needed most

Kyle Bakx | News/Business | Thu, 1 Dec 2022 04:00:00 EST

The business community is speaking out about Premier Danielle Smith's new provincial legislation and how it could drive investment from Alberta at a time when the oilpatch is finally back on its feet after several years in a downturn and as the province tries to keep its economy growing amid a possible recession. read more

Sam Bankman-Fried

'I didn't ever try to commit fraud on anyone,' FTX founder Sam Bankman-Fried says

Pete Evans | News/Business | Wed, 30 Nov 2022 17:48:48 EST

The man at the centre of collapsed cryptocurrency exchange FTX made his first public appearance since the saga began, telling a New York audience on Wednesday that it was never his intention to commit fraud. read more

DoorDash

DoorDash laying off 1,250 people, about 6% of its workforce

Reuters | News/Business | Wed, 30 Nov 2022 12:52:38 EST

DoorDash Inc. said on Wednesday it was cutting about 1,250 jobs, or six per cent of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. read more

Old Scona Students

These students are facing real-world economic pressures. Mandatory financial literacy classes may help

James Dunne | News/Business | Wed, 30 Nov 2022 04:00:31 EST

November is financial literacy month, and as economic matters have become more complex some experts say financial literacy courses should be compulsory at high schools across Canada, even as some provinces have updated financial education curriculum. read more

Alexa Kids Privacy

Alexa, is the voice-assistant industry doomed?

Mark Gollom | News/Business | Wed, 30 Nov 2022 04:00:42 EST

A recent report indicating that Amazon's Alexa division is on track to lose $10 billion US this year is raising questions about the future of the entire voice-assistant industry. read more

BoC-Interest-Rate 20221026

Bank of Canada lost $522M in 3rd quarter, marking first loss in its history

Nojoud Al Mallees | News/Politics | Tue, 29 Nov 2022 21:11:02 EST

The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. read more

HSBC bank turkey

RBC to take over HSBC Canada in biggest ever deal for a domestic bank

Pete Evans | News/Business | Tue, 29 Nov 2022 08:07:52 EST

Royal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash. read more

Nova Scotia Community College (NSCC) construction

Latest GDP numbers show Canada's economy is still growing, but signs of slowdown are everywhere

CBC News | News/Business | Tue, 29 Nov 2022 09:46:05 EST

Canada's economy expanded slightly in September, with the country's gross domestic product growing by 0.7 per cent during the third quarter. read more

AWARDS-AMERICAN MUSIC/

Who's really to blame for Taylor Swift's Ticketmaster fiasco?

Laura McQuillan | News/Entertainment | Tue, 29 Nov 2022 04:00:00 EST

Taylor Swift fans were outraged when Ticketmaster's system couldn't keep up with demand when presales started for the superstar's next tour. But a number of entertainment industry experts — and even some Swifties — are asking whether she deserves some of the blame. read more

MUSK TESLA

Apple threatening to pull Twitter from its app store, Elon Musk alleges

Reuters | News/Business | Mon, 28 Nov 2022 15:46:20 EST

Elon Musk accused Apple Inc. of threatening to block Twitter Inc. from its app store and says the iPhone maker has stopped advertising on the social media platform. read more

BLOCKFI BANKRUPTCY

Crypto lender BlockFi files for bankruptcy protection, caught in FTX fallout

The Associated Press | News/Business | Mon, 28 Nov 2022 11:05:56 EST

U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight of its affiliates, in the latest casualty since FTX collapsed earlier this month triggering instability in the crypto market. read more

Shopify 2022

Shopify won't cut ties with controversial Libs of TikTok

Joseph Tunney | News/Canada/Ottawa | Fri, 25 Nov 2022 04:00:00 EST

The Ottawa-based company Shopify says it won't be pulling its services from the online store of an anti-LGBTQ social media account that some say is "really dangerous." read more

Walker family - Medicine Hat, Alta.

'Dirty debt secret' guides couple out of the red, others struggle to stay afloat

Bob Becken | Radio/Cross Country Checkup | Sun, 27 Nov 2022 04:00:00 EST

As Canada's debt-to-disposable income ratio rises, it can bond or break relationships, experts suggest. Statistics Canada says the average Canadian household had about $1.82 in credit market debt for every dollar of disposable income in the second quarter of 2022. read more

Dallas Stars winger Joel Kiviranta stands near a Bet99 ad, while celebrating a goal in Ottawa

Hockey fans can likely bet on seeing more gambling-related advertising — for now

Geoff Nixon | News/Canada | Sun, 27 Nov 2022 04:00:00 EST

Talk to a hockey fan and the odds are good they'll have something to say about all the betting-related content appearing in NHL broadcasts lately. read more

Helmet Smash

Motorcycle helmets bought from online platforms had counterfeit safety certifications, test finds

Jenny Cowley,Rosa Marchitelli | News/Business | Sat, 26 Nov 2022 04:00:00 EST

A CBC Marketplace investigation has found that some motorcycle helmets purchased on popular websites would crack and fall apart in a crash — and that the safety certifications on them are counterfeit. read more

Musk Twitter

Twitter to grant 'amnesty' to accounts suspended for harassment, misinformation

The Associated Press | News/Business | Fri, 25 Nov 2022 14:33:04 EST

New Twitter owner Elon Musk says that he is granting "amnesty" for suspended accounts, which online safety experts predict will spur a rise in harassment, hate speech and misinformation. read more

RETAIL BLACK FRIDAY SHOPPING

Facing excess inventory and inflation-weary shoppers, retailers pitch Black Friday bargains

Pete Evans | News/Business | Fri, 25 Nov 2022 04:00:00 EST

The annual spending bonanza known as Black Friday is different this year, as experts say that while there are more deals than usual, they're coming against a backdrop of consumers who are more cost conscious than ever. read more

TD-RESULTS/

Only weeks after launch, TD hits pause on loan program partnering with Canada Post

Philippe de Montigny,Pete Evans | News/Business | Thu, 24 Nov 2022 12:06:38 EST

It only launched last month, but TD Bank and Canada Post have already put a new program offering loans for customers in remote communities on pause, citing unspecified "processing issues." read more

Wayne Ollive

From vacuums to air fryers, auction houses are cashing in on online shopping returns

Paula Duhatschek | News/Canada/Calgary | Thu, 24 Nov 2022 04:00:00 EST

While many people associate auctions with art, estate sales and farm equipment, a growing number of auction houses say they're doing a strong business in selling off online returns to the highest bidder. read more

S&P/TSX composite up nearly 100 points, U.S. stock markets trade lower

S&P/TSX composite up nearly 100 points, U.S. stock markets trade lower

Money/money/S&P | Thu, 01 Dec 2022 17:56:03 +0000

The S&P/TSX composite index was up 97.85 points at 20,551.11. read more

‘Make a list and stick to it’: Navigating the mall as inflation strikes the holidays

‘Make a list and stick to it’: Navigating the mall as inflation strikes the holidays

Consumer/Money/christmas deals | Thu, 01 Dec 2022 16:17:41 +0000

Higher regular prices, smaller percentages off and fewer items on sale are just some of the trends consumers say they've noticed in recent weeks at stores in Canada. read more

CIBC reports Q4 profit down amid gloomy economic outlook

CIBC reports Q4 profit down amid gloomy economic outlook

Money/canada bank earnings/Canada banks | Thu, 01 Dec 2022 16:03:52 +0000

CIBC reported its fourth-quarter profit fell to $1.19 billion compared with $1.44 billion in the same quarter last year. Here's why. read more

BMO reports Q4 profit climbed to $4.48B, hikes dividend

BMO reports Q4 profit climbed to $4.48B, hikes dividend

Money/BMO/bmo dividend | Thu, 01 Dec 2022 15:52:45 +0000

BMO Financial Group raised its dividend as it reported fourth-quarter net income of $4.48 billion, up from $2.16 billion in the same quarter last year. read more

TD Bank’s Q4 profit surged to $6.7B on higher interest rates boost

TD Bank’s Q4 profit surged to $6.7B on higher interest rates boost

Money/Business News/canada bank earnings | Thu, 01 Dec 2022 15:32:35 +0000

TD Bank posted a surge in Q4 profit as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital markets. read more

Would Rogers-Shaw deal impact tax revenue? Tribunal hears arguments

Would Rogers-Shaw deal impact tax revenue? Tribunal hears arguments

Canada/Economy/Money | Wed, 30 Nov 2022 18:16:12 +0000

The Competition Bureau is one of three regulatory agencies that must approve the deal, in addition to the CRTC and Innovation, Science and Economic Development Canada. read more

S&P/TSX composite index up, U.S. markets soar on Fed optimism

S&P/TSX composite index up, U.S. markets soar on Fed optimism

Money/money/S&P | Wed, 30 Nov 2022 17:19:23 +0000

Fed chair Jerome Powell said Wednesday that the central bank could soon start slowing its rate increases, reaffirming expectations that the end of the cycle is near.  read more

RBC maintains ‘cautious stance’ on economic outlook, CEO says

RBC maintains ‘cautious stance’ on economic outlook, CEO says

Money/RBC/rbc acquires hsbc canada | Wed, 30 Nov 2022 14:50:39 +0000

Royal Bank of Canada said Wednesday it will now pay a quarterly dividend of $1.32 per share, an increase of four cents. read more

Scotiabank earnings: Bank reports Q4 profit down but sees growth in global banking

Scotiabank earnings: Bank reports Q4 profit down but sees growth in global banking

Money/big banks canada/Business News | Tue, 29 Nov 2022 18:30:34 +0000

Scotiabank's Q4 earnings showed growth in its international banking division, though overall results were weighed down by about $500 million in one-time charges. read more

S&P/TSX composite creeps higher as commodity prices rise, U.S. stocks down

S&P/TSX composite creeps higher as commodity prices rise, U.S. stocks down

Money/money/stock exchange | Tue, 29 Nov 2022 16:58:57 +0000

The S&P/TSX composite index was up 17.18 points at 20,237.67. read more

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