Winnipeg -25℃Business News
Stocks plunge into the red then rebound as uncertainty returns to markets
Pete Evans | News/Business | Mon, 24 Jan 2022 14:09:32 ESTStock 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
Hundreds of thousands of Canadians are travelling abroad despite Omicron
Sophia Harris | News/Business | Sun, 23 Jan 2022 04:00:00 ESTStatistics 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 price hike amid slowing customer growth has many wondering: Are we streamed out?
Pete Evans | News/Business | Sat, 22 Jan 2022 04:00:00 ESTThe 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 stock derails on report that user growth has hit the brakes
Reuters | News/Business | Fri, 21 Jan 2022 09:47:27 ESTPeloton 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
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 ESTSpending plans are up this year in the oilpatch — but they won't rise near the levels seen earlier in the last decade. read more
Scientists want Ottawa to scrap carbon capture tax credit
The Canadian Press | News/Science | Thu, 20 Jan 2022 11:32:04 ESTMore 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
The shorter work week: An idea whose time has finally come
Jon Peirce | News/Opinion | Thu, 20 Jan 2022 04:00:00 ESTA 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
Canada's inflation rate rises to new 30-year high of 4.8%
Pete Evans | News/Business | Wed, 19 Jan 2022 08:42:55 ESTThe 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
Microsoft to buy game giant Activision Blizzard for $68B US
The Associated Press | News/Business | Tue, 18 Jan 2022 10:46:47 ESTMicrosoft 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
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 ESTSome 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
Few signs of labour union resurgence, despite rising prices and worker shortages
Don Pittis | News/Business | Tue, 18 Jan 2022 04:00:00 ESTAs 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
Airlines seek end to mandatory COVID-19 testing of vaccinated passengers on arrival
Christopher Reynolds | News/Business | Mon, 17 Jan 2022 15:10:33 ESTCanada'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
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 ESTThe 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
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 ESTPay 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 raising prices for standard and premium plans in the U.S. and Canada
Reuters | News/Business | Fri, 14 Jan 2022 15:34:12 ESTNetflix 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
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 ESTMartin 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
Return of hero pay long overdue, frazzled grocery workers say
The Canadian Press | News/Business | Fri, 14 Jan 2022 15:36:44 ESTRetail 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 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 ESTA 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
Federal government now says all truckers crossing border must be fully vaccinated
Peter Zimonjic | News/Politics | Wed, 12 Jan 2022 22:20:41 ESTAll 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
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 ESTThe 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
Canada/Consumer/Money | Mon, 24 Jan 2022 16:12:45 +0000Freshii 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
Economy/Money/inflation | Mon, 24 Jan 2022 13:50:05 +0000The 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
Canada/Consumer/Economy | Sun, 23 Jan 2022 22:58:44 +0000Canadians 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
Consumer/Economy/Money | Fri, 21 Jan 2022 19:11:36 +0000Staycations 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
Economy/Money/Bank of Canada | Thu, 20 Jan 2022 11:00:08 +0000Odds 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
Canada/Money/News | Wed, 19 Jan 2022 19:57:41 +0000The 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
Economy/Money/Canada economy | Wed, 19 Jan 2022 13:47:35 +0000Higher 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
Economy/Money/News | Wed, 19 Jan 2022 11:00:22 +0000Businesses 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
Economy/Money/Canada homebuilding | Tue, 18 Jan 2022 17:25:04 +0000The 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
Canada/Consumer/Money | Tue, 18 Jan 2022 16:28:43 +0000While Netflix isn't the only streaming giant to hike prices, it's done so the most frequently. read more
