Winnipeg 25℃Business News
Movers arrested after investigation; Air Canada cancels dozens of daily flights: CBC's Marketplace cheat sheet
Andrew Sampson | News/Business | Sun, 3 Jul 2022 09:00:00 EDTCBC Marketplace rounds up the consumer and health news you need from the week. read more
Sales tax on seeds works against lower carbon footprint, expert and home growers say
Evan Dyer | News/Politics | Sun, 3 Jul 2022 04:00:00 EDTCanada’s tax regime, which does not levy sales taxes on food no matter how far it has travelled before landing on Canadian store shelves, does impose sales taxes on seeds that people use to grow food in their own backyards. Some home growers say that compromises the federal government’s efforts to lower the country’s carbon footprint. read more
Google says it will erase U.S. user data about trips to abortion clinics
The Associated Press | News/World | Sat, 2 Jul 2022 15:45:52 EDTGoogle will automatically purge information about users who visit abortion clinics or other places that could trigger legal problems now that the U.S. Supreme Court has opened the door for states to ban the termination of pregnancies. read more
95,000 GM vehicles unfinished in storage due to chip shortage
The Associated Press | News/Business | Fri, 1 Jul 2022 13:59:06 EDTThe global shortage of computer chips and other parts has forced General Motors (GMC) to build 95,000 vehicles without certain components during the second quarter. read more
Canada's economy grew in April, but May contraction expected
The Canadian Press | News/Business | Thu, 30 Jun 2022 09:15:29 EDTThe Canadian economy expanded by 0.3 per cent in April, Statistics Canada said Thursday, but warned of indications for a contraction in May. read more
U.S. inflation may have peaked as consumer spending slows in May
Reuters | News/Business | Thu, 30 Jun 2022 13:02:54 EDTU.S. consumer spending rose less than expected in May as motor vehicles remained scarce, while higher prices forced cutbacks on purchases of other goods, another sign that the rebound in economic growth early in the second quarter was losing steam. read more
Do unions at Starbucks mean the labour movement is picking up steam?
James Dunne | News/Business | Thu, 30 Jun 2022 04:00:00 EDTA growing effort to unionize Starbucks cafes in the U.S. and Canada as well as Amazon warehouses, Apple stores, and Indigo book shops has union leaders and experts wondering if this the start of a shift in labour movement after decades of decline in the private sector. read more
Air Canada to cancel dozens of daily flights this summer
CBC News | News/Business | Wed, 29 Jun 2022 20:37:48 EDTAir Canada will cut dozens of daily flights this summer as the airline grapples with a series of challenges amid soaring demand for travel. read more
U.S. communications regulator wants TikTok removed from app stores over spying concerns
Pete Evans | News/Business | Wed, 29 Jun 2022 11:19:48 EDTA commissioner with the U.S. communications regulator is asking Apple and Google to consider banning TikTok from their app stores over data security concerns related to the Chinese-owned company. read more
Summer of labour unrest expected as inflation soars and contracts run out
Laura McQuillan | News/Business | Wed, 29 Jun 2022 17:16:56 EDTCanada could face a summer of strikes and other labour disruptions as workers demand cost-of-living increases and better conditions than those seen throughout the past two years of the pandemic, say union officials and other observers. read more
Risk of recession high but Alberta could avoid worst impacts, says Mark Carney
Joel Dryden | News/Canada/Calgary | Wed, 29 Jun 2022 07:00:00 EDTThe United States is facing an "uncomfortably high" risk of falling into a recession, says Mark Carney, former governor of the Bank of Canada, but Alberta could be insulated from the worst impacts if that happens. read more
Airbnb makes ban on party houses permanent
CBC News | News/Business | Wed, 29 Jun 2022 10:38:05 EDTAirbnb is making permanent its ban on parties at homes listed on the site for short-term rentals. read more
Accounting firm EY to pay $100M US fine after auditors caught cheating on ethics exams
Reuters | News/Business | Wed, 29 Jun 2022 09:24:57 EDTBig Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission charges that its auditors cheated on certified public accounting exams and that it misled the agency's investigators. read more
Bank regulator beefs up rules for some types of home loans
CBC News | News/Business | Tue, 28 Jun 2022 13:25:47 EDTThe Office of the Superintendent of Financial Institutions is implementing new guidelines for certain types of real estate loans, including shared equity mortgages, reverse mortgages and conventional mortgages that are paired with home equity lines of credit. read more
Tim Hortons latest company to pause Hockey Canada sponsorship over sex assault allegation
Joshua Clipperton | Sports/Hockey | Tue, 28 Jun 2022 10:18:26 EDTSome major corporations are putting their Hockey Canada sponsorships on ice. Scotiabank said Tuesday the pause will last until it's confident the right steps are taken to improve the culture within the sport. Tim Hortons said Wednesday it is "suspending support" while awaiting details. read more
Missing baggage adds to chaos at Canadian airports
Sophia Harris | News/Business | Tue, 28 Jun 2022 04:00:00 EDTAs airlines and the federal government race to address long lines and delays at airports, some travellers are pointing out another major problem — missing luggage. read more
We're still waiting for this wage price spiral central bankers fear could send inflation soaring
Don Pittis | News/Business | Tue, 28 Jun 2022 04:00:00 EDTLike a nuclear chain reaction, economic theory warns us that rising wages can reinforce rising prices, pushing wages even higher, all in an endless cycle. Is it just around the corner? Or are things different this time? read more
Did Russia just default on its foreign debt or not? Here's what we know
The Associated Press | News/Business | Mon, 27 Jun 2022 10:43:56 EDTRussia is poised to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. read more
Parents, caregivers face new juggling act as employers evaluate work-from-home policies
Geoff Nixon | News/Business | Mon, 27 Jun 2022 04:00:00 EDTThe ability to keep a close eye on loved ones has been important to many people who have been juggling their family and employment responsibilities in the same space over the course of the pandemic. read more
Non-binary passengers call out airlines for not offering a 3rd gender option when booking flights
Sophia Harris | News/Business | Fri, 24 Jun 2022 16:51:39 EDTNon-binary Canadians are upset many Canadian airlines still don't offer passengers a gender-neutral "X" option when booking flights online. Instead, they must choose male or female. The airlines are promising change. read more
Canadians are in a spending mood heading into summer. What that means for inflation
Consumer/Economy/Money | Sat, 02 Jul 2022 11:00:17 +0000Are you absorbing sticker shocker to indulge this summer? You're not alone. We asked economists what impact Canadian spending could have on inflation trends. read more
Montrealers face challenging moving day amid housing crisis
Canada/Economy/Money | Fri, 01 Jul 2022 21:56:26 +0000This year, stress levels are through the roof as people are moving amid a province-wide housing crisis. Housing advocates say skyrocketing rents are now a widespread phenomenon. read more
Why affordable worker housing is the latest hurdle for Canada’s tourist town hotspots
Canada/Consumer/Economy | Fri, 01 Jul 2022 15:15:25 +0000Businesses in tourist hotspots far from big cities are feeling the pinch of affordable housing, as smaller communities struggle to lure workers amid labour crunch and rising rents. read more
Monday Scaries or Magic Mondays? Tight labour market calls for 4-day workweeks
Canada/Economy/Money | Fri, 01 Jul 2022 11:00:15 +0000Canada’s tight labour market has created a war for talent. Proponents of the four-day workweek say it’s an important way to retain and attract workers. read more
Air Canada stock drops after carrier cuts summer schedule
Canada/Money/World | Thu, 30 Jun 2022 15:47:42 +0000Air Canada's stock fell seven per cent in early morning trading after the carrier announced major cuts to its summer flight schedule. read more
Searing hot inflation could shift Canada Day BBQs to ‘hotdogs instead of steaks’
Consumer/Money/Barbecue | Thu, 30 Jun 2022 14:36:20 +0000If you're having a group of friends and family over for a barbecue this Canada Day long weekend, the costs might be up to 17 per cent more to grill the same food as lsat year. read more
EU hammering out cryptocurrency regulations that could set global standard
Economy/Money/Tech | Thu, 30 Jun 2022 12:35:13 +0000The European Union on Wednesday agreed on new rules subjecting cryptocurrency transfers to the same money-laundering rules as traditional banking transfers. read more
Federal spending does fuel inflation, but it’s worth the hit: Desjardins
Economy/Money/Politics | Wed, 29 Jun 2022 19:11:01 +0000The federal government should not cut spending to tamp down inflation, a new report from Desjardins argues, but economists say there is some action Ottawa could take. read more
Controversy rages over upcoming Newfoundland sugar tax
Canada/Economy/Health | Wed, 29 Jun 2022 13:11:12 +0000In September, Newfoundland and Labrador will become the first province in Canada to introduce a special tax on sugary drinks, raising a projected $9 million in annual revenue. read more
Canada Day parades cancelled in some cities amid financial woes
Canada/Economy/Money | Wed, 29 Jun 2022 10:36:36 +0000Several cities say the rising cost of security and insurance, in addition to troubles securing funding, is forcing them to rethink their celebrations. read more
