Winnipeg 19℃Business News
Scotiabank says it has fixed technical issue that stalled payday deposits to customers
News/Business | Fri, 26 Jul 2024 10:34:00 EDTScotiabank says it has resolved the issue that prevented paycheques from being deposited in customer accounts and clients will start seeing payments land in their accounts. read more
CrowdStrike says 97% of its Windows sensors are back online after global outage
News/Business | Fri, 26 Jul 2024 08:46:03 EDTMore than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage. read more
Postmedia enters agreement to buy SaltWire chain of newspapers
News/Canada/PEI | Fri, 26 Jul 2024 10:20:10 EDTPostmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. read more
Walmart Canada raises hourly store wages for roughly 40,000 workers
News/Business | Fri, 26 Jul 2024 09:17:54 EDTWalmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month. read more
Without mentioning boycott, Loblaw execs suggest it was a factor in weaker food sales
News/Business | Thu, 25 Jul 2024 08:59:23 EDTDuring the company's second quarter earnings call on Thursday morning, Loblaw executives fielded questions from analysts about the grocery giant's soft food retail sales — and whether a boycott organized online had impacted the company's profits at all. read more
Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement
News/Business | Thu, 25 Jul 2024 07:37:53 EDTLoblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme. read more
Bank of Canada cuts key interest rate again, more cuts 'reasonable' if inflation keeps easing
News/Business | Wed, 24 Jul 2024 09:50:21 EDTThe Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists. read more
Privacy commissioner investigating customer claims they can't delete PC Optimum accounts
News/Business | Wed, 24 Jul 2024 08:41:09 EDTThe Office of the Privacy Commissioner of Canada says it's opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts. read more
Halal meat is big business both within and beyond Muslim communities
News/Business | Tue, 23 Jul 2024 04:00:00 EDTMore restaurants in Canada are putting halal certified meat on their menus to make sure their food is religiously compliant for some observant Muslims. But the move is as much about taking advantage of a big business opportunity as it is about faith. read more
U.S. regulator investigating Delta after global tech outage led to widespread cancellations
News/Business | Tue, 23 Jul 2024 11:26:09 EDTU.S. regulators are investigating how Delta Air Lines is treating passengers affected by cancelled and delayed flights as the airline struggles to recover from a global technology outage. read more
Quebec investing another $413M in Airbus partnership to keep assembly line in the province
News/Canada/Montreal | Tue, 23 Jul 2024 16:04:50 EDTQuebec is extending its partnership with Airbus Canada until 2035. The two are jointly investing $1.65 billion to keep manufacturing planes in the province. read more
Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday
News/Business | Mon, 22 Jul 2024 07:36:48 EDTDelta Air Lines is struggling to restore normal operations after last week's crippling global cyber outage, cancelling over 5,000 flights since Friday. read more
Baby Gourmet Foods recalls organic baby cereal over possible bacteria contamination
News/Canada/Calgary | Sun, 21 Jul 2024 22:47:59 EDTA brand of baby cereal is being pulled from all in-store and online retailers in Canada due to possible Cronobacter contamination. read more
Be warned: After global tech outage, phishing schemes and scammers may try to exploit you
News/World | Sat, 20 Jul 2024 18:46:49 EDTAs 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
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 EDTStellantis 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
What is the grocery code of conduct?
News/Business | Thu, 18 Jul 2024 18:28:55 EDTThe 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
Day of disruptions, dashed plans for many Canadians after global tech outage
News/World | Fri, 19 Jul 2024 03:52:18 EDTCanadians 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
All major grocery retailers agree to sign on to industry-developed code of conduct
News/Business | Thu, 18 Jul 2024 14:08:30 EDTThe voluntary code will provide more stability for independent grocers by ensuring smaller retailers have access to food supplies. read more
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 EDTThe 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
Bissell recalls more than 3 million hand-held steam cleaners after dozens of people burned
News/Canada | Thu, 18 Jul 2024 16:28:35 EDTAround 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
Jasper wildfire could cost insurance industry an estimated $700M
Canada/Fire/Money | Fri, 26 Jul 2024 21:43:04 +0000While the extent of the damage in Jasper is not yet fully understood, it's estimated about 30 per cent of the townsite may have been destroyed in this week's blaze. read more
Loblaw boycott had ‘minor’ impact on sales, CEO Per Bank says
Canada/Consumer/Money | Thu, 25 Jul 2024 15:35:58 +0000Loblaw's CEO on Thursday acknowledged a 'minor' impact to the grocer's sales in the second quarter amid a grassroots movement to boycott the company's stores. read more
How will the Bank of Canada rate cut affect your mortgage?
Canada/Consumer/Economy | Thu, 25 Jul 2024 11:00:23 +0000The Bank of Canada delivered a second interest rate cut on Wednesday. Here's how that's impacting mortgages and how homeowners should be thinking about their renewals. read more
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
Canada/Economy/Money | Wed, 24 Jul 2024 13:45:15 +0000The Bank of Canada's key interest rate fell by 25 basis points on Wednesday, a move that will immediately be felt by Canadians with variable rates of debt. read more
New and used vehicle supply is surging. Here’s how prices are reacting
Canada/Consumer/Economy | Tue, 23 Jul 2024 18:12:05 +0000AutoTrader says car prices in both the new and used markets have receded from their peaks in 2023 now that supply chain snarls that delayed vehicle production are in the rear view. read more
B.C. legal tech firm Clio nets US$900M in historic funding round
Canada/Money/Tech | Tue, 23 Jul 2024 13:32:02 +0000Legal tech company Clio said on Tuesday it had raised US$900 million in one of the largest fundraises ever from a Canadian startup. read more
Provinces must do more to nix alcohol trade barriers: CFIB
Canada/Economy/Money | Tue, 23 Jul 2024 12:56:55 +0000Most small business owners want governments to prioritize removing barriers, according to a new survey from the Canadian Federation of Independent Business. read more
‘A big green light to cut’: What to expect from the Bank of Canada this week
Canada/Economy/Money | Tue, 23 Jul 2024 10:00:03 +0000The Bank of Canada is set for another interest rate decision on Wednesday, with most economists and market watchers betting on another cut. Here's what to expect. read more
Money under the mattress: Sleep Country Canada to be bought in $1.7B deal
Canada/Money/Fairfax Financial | Mon, 22 Jul 2024 13:00:00 +0000Insurance-focused conglomerate Fairfax Financial on Monday agreed to buy retailer Sleep Country Canada Holdings in a deal valued at $1.7 billion. read more
Air Canada cuts profit outlook amid fierce global competition
Canada/Consumer/Money | Mon, 22 Jul 2024 12:31:26 +0000A rush among carriers to cash in on summer travel demand has forced airlines including Air Canada to offer discounts on tickets to fill their planes. read more
