Winnipeg 15℃Business News
WestJet suspends flights between Toronto and Montreal until next April
News/Business | Wed, 04 Oct 2023 11:03:49 EDTWestJet is temporarily suspending flights between Canada's two biggest cities this winter, but plans to resume service between Toronto and Montreal next spring. read more
Year of strikes continues as 75,000 Kaiser Permanente workers in U.S. walk off the job
News/Business | Wed, 04 Oct 2023 08:58:17 EDTThe largest ever strike in the U.S. health care sector is set to start on Wednesday as 75,000 workers at Kaiser Permanente in a handful of states walk off the job demanding better wages. read more
CN Rail's network restored after failure halted Toronto-area commute
News/Business | Tue, 03 Oct 2023 15:41:15 EDTTens of thousands of commuters in Ontario who use GO Transit faced cancellations or long delays Tuesday because of CN Rail's "network-wide system failure," which the company said was later restored. read more
Constant price hikes are making inflation worse, Bank of Canada deputy says in speech
News/Business | Tue, 03 Oct 2023 14:53:43 EDTBank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation. read more
TSX slumps to lowest level in more than a year as bond market flashes warning sign of recession
News/Business | Tue, 03 Oct 2023 10:24:07 EDTThe Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in. read more
CRTC registration for podcasts and streaming companies draws criticism
News/Business | Mon, 02 Oct 2023 16:14:12 EDTCanada's broadcasting regulator is obligating online streamers and podcast companies to provide registration information to them. But the new requirements are also inviting speculation that heavier regulation of content from online streamers and podcast companies is coming. read more
Fraud trial for CEO of collapsed crypto exchange FTX set to begin on Tuesday
News/Business | Mon, 02 Oct 2023 12:05:29 EDTThe trial of Sam Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, is set to begin in New York City this week. And while testimony is likely to veer into complex and murky topics, prosecutors are expected to try to boil their case down into simple terms for the jury: he took billions from customers and used it in ways he wasn't supposed to. read more
Rogers expands TTC subway wireless network access to customers using other carriers
News/Canada/Toronto | Mon, 02 Oct 2023 10:24:25 EDTRogers Communications Inc. says customers of all of the major Canadian wireless carriers can now connect to its 5G wireless network in the busiest sections of the Toronto subway system. read more
Laurentian Bank CEO Rania Llewellyn resigns in wake of IT outage
News/Business | Mon, 02 Oct 2023 07:36:48 EDTLaurentian Bank says Eric Provost has been appointed president and chief executive, following a computer outage at the bank last week. read more
Canada's voluntary AI code of conduct is coming — not everyone is enthused
News/Business | Sun, 01 Oct 2023 04:00:00 EDTA new code of conduct is set to govern how AI is developed in Canada. But it's voluntary, and despite immediate support from big players in the business, there are also concerns it could stifle innovation and the ability to compete with companies based outside of Canada. read more
N.S. farmers want to process surplus vegetables. So why is this production line idle?
News/Canada/Nova Scotia | Sun, 01 Oct 2023 05:00:00 EDTFarmers say a decline in local food processing limits options for growers and increases food waste. But some are trying to bring processing capacity back to Nova Scotia. read more
Canada is pouring billions of dollars into the electric vehicle industry. Will it pay off?
News/Climate | Sat, 30 Sep 2023 04:00:00 EDTThis week, Quebec and Ottawa committed $2.7 billion toward an electric vehicle battery factory near Montreal. Such projects have faced questions, given the amount of public money involved. read more
Strikes at 2 more U.S. auto factories to start Friday as UAW ratchets up pressure
News/Business | Fri, 29 Sep 2023 11:56:22 EDTThe United Auto Workers union is expanding its strike against U.S. automakers to two new plants, as 7,000 workers at a Ford plant in Chicago and a General Motors assembly factory near Lansing, Mich., will walk off the job at midday on Friday. read more
Airlines claim passenger safety at risk under new passenger rights rules
News/Canada/Montreal | Fri, 29 Sep 2023 15:07:26 EDTIn submissions and meetings, industry groups warned Canada's transport regulator that sweeping reforms announced earlier this year will put travellers' safety at risk and drain carriers of cash after a financially devastating COVID-19 pandemic. read more
Canada's economy was flat in July, new GDP numbers from Statistics Canada show
News/Business | Fri, 29 Sep 2023 08:40:59 EDTCanada's gross domestic product was essentially unchanged in July, as the service sector expanded slightly while goods-producing industries shrank. read more
Air Canada pilots picket at Toronto's Pearson, calling for better wages, working conditions
News/Canada/Toronto | Fri, 29 Sep 2023 09:31:22 EDTAir Canada pilots are set to demonstrate at Toronto's Pearson airport Friday, calling for better wages and working conditions as talks with the country's biggest carrier continue. read more
Lululemon strikes deal with Peloton that will see yoga wear company stop making the Mirror
News/Business | Thu, 28 Sep 2023 09:30:30 EDTYoga wear giant Lululemon has struck a deal with smart exercise bike company Peloton that will see the two companies stop fighting on each other's turf and instead work together to sell gear, equipment and fitness classes. read more
Fortnite maker Epic Games laying off 16% of staff
News/Business | Thu, 28 Sep 2023 13:17:42 EDTEpic Games, the maker of the popular video game Fortnite, is laying off about 870 employees, roughly one-sixth of its staff. read more
Hyundai and Kia recalling 603,176 vehicles in Canada due to fire risk
News/Business | Thu, 28 Sep 2023 10:13:18 EDTHyundai and Kia are recalling more than 600,000 vehicles in Canada and millions more in the U.S. due to a problem with the anti-lock braking system that can start a fire. read more
Canadians flock to Alberta in record numbers as population booms by 184,400 people
News/Canada/Calgary | Wed, 27 Sep 2023 11:47:48 EDTAlberta was home to 4.7 million people as of July 1, according to annual population estimates released by Statistics Canada on Wednesday — a little more than four per cent higher than the same time last year. read more
Improved supply drives surge of new car sales in September: DesRosiers
Consumer/Money/Car Sales | Wed, 04 Oct 2023 17:05:13 +0000The new vehicle market remained hot in September, according to DesRosiers Automotive Consultants Inc., with vehicle sales jumping 19 per cent in the month on an annualized basis. read more
Tim Hortons joins app that reduces restaurant food waste, saves money
Consumer/Economy/Environment | Wed, 04 Oct 2023 14:00:14 +0000An iconic Canadian fast-food restaurant is signing on to Too Good To Go, an app that sells surplus food at a discount in an effort to reduce food waste. read more
Cost, not nutrition, now top concern for growing number of shoppers: report
Canada/Consumer/Money | Wed, 04 Oct 2023 10:00:00 +0000Almost half of Canadians are increasingly focusing on price instead of nutritional value when they go to the grocery store as food inflation remains sticky, new polling shows. read more
Sam Bankman-Fried trial: What charges does he face over FTX’s collapse?
Money/U.S. News/crypto | Tue, 03 Oct 2023 16:32:37 +0000Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. read more
Thinking about having a kid? Here’s how much Canadians spend to raise one
Canada/Consumer/Economy | Tue, 03 Oct 2023 15:45:54 +0000According to the data released by Statistics Canada, a middle-income family with two parents and two children spends on average $293,000 on one kid till the age of 17. read more
Companies have been quick to pass higher costs on to customers, BoC finds
Canada/Economy/Money | Tue, 03 Oct 2023 12:55:30 +0000Recent research from the central bank shows price increases have mirrored the cost increases businesses have faced, a Bank of Canada official said Tuesday. read more
Laurentian Bank appoints new CEO following computer outage
Canada/Consumer/Economy | Mon, 02 Oct 2023 15:17:10 +0000Eric Provost replaces Rania Llewellyn in the top job, effective immediately. He was most recently Laurentian's group head of personal and commercial banking. read more
Interest rates expected to stay higher for longer. What that means for your mortgage
Canada/Consumer/Economy | Mon, 02 Oct 2023 12:58:52 +0000Borrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of Canada read more
‘Reconciliation economy’: Why Indigenous founders need more access to capital
Canada/Economy/Environment | Mon, 02 Oct 2023 11:00:28 +0000Indigenous entrepreneurs have faced many historical barriers to accessing capital, which business leaders and founders say is critical to economic independence and reconciliation. read more
WestJet to merge with Sunwing Airlines by October 2024
Canada/Consumer/Money | Fri, 29 Sep 2023 21:15:05 +0000WestJet said Friday it aims to wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business by October of next year. read more
