Winnipeg 7℃Business News
TD Bank could face more severe penalties after drug money laundering allegations, says analyst
News/Business | Fri, 03 May 2024 15:25:02 EDTTD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. read more
Canada Post lost $748 million last year, warns of 'critical' financial situation
News/Politics | Fri, 03 May 2024 19:13:22 EDTCanada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies. read more
Amazon Prime's NHL deal breaches cable TV's last line of defence: live sports
News/Business | Fri, 03 May 2024 04:00:00 EDTCable TV's last line of defence against cord cutting has long been the audience for live sports. But streaming companies that have bled the cable giants of viewers for years are now bidding for the rights to stream NHL, NBA, MLB and NFL games. read more
Is the Loblaw boycott privileged? Here's why some people aren't shopping around
News/Business | Fri, 03 May 2024 16:12:17 EDTLocation. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer. read more
Canada's shopping for a foreign grocer. Can an international retailer succeed here?
News/Business | Fri, 03 May 2024 04:00:00 EDTWith some Canadian consumers struggling to afford groceries, and as frustrations with corporate profits boil over, the federal government says it's trying to coax international grocers to set up shop in Canada. read more
Can a Canadian ride-hailing startup compete with Uber and Lyft?
News/Business | Thu, 02 May 2024 04:00:00 EDTA new ride-hailing app promising fair pay to drivers is launching today, starting in the Toronto area, to take on Uber and Lyft. The company believes it will attract drivers by paying them 100 per cent of fares and charging only a membership fee to work for the service. read more
Peloton CEO steps down as fitness company announces 15% cut to global workforce
News/Business | Thu, 02 May 2024 11:40:54 EDTPeloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment. read more
London Drugs reviewing billions of lines of code as it attempts to recover from cybersecurity incident
News/Canada/British Columbia | Thu, 02 May 2024 14:35:57 EDTLondon Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again. read more
'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs
News/Politics | Thu, 02 May 2024 10:17:06 EDTThe Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday. read more
Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off
News/Business | Wed, 01 May 2024 10:10:11 EDTLoblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. read more
U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting
News/Business | Wed, 01 May 2024 16:47:31 EDTThe U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target. read more
More stores are ditching self-checkout amid theft and customer complaints
News/Business | Tue, 30 Apr 2024 04:00:00 EDTIt was predicted that the all-self-checkout format would eventually become the norm. But, instead, several big box chains in Canada and the U.S. continue to ditch self-checkout machines at a number of their stores. Some experts and retailers say, in many cases, theft is the main culprit. read more
Canadian economy grew 0.2% in February
News/Business | Tue, 30 Apr 2024 08:42:01 EDTThe Canadian economy grew 0.2 per cent in February, with gains made in transportation and warehousing, Statistics Canada said on Tuesday. read more
Federal public servants to return to the office 3 days a week this fall
News/Canada/Ottawa | Tue, 30 Apr 2024 04:00:00 EDTThe federal government will expect public servants back in the office three days a week beginning later this year, a federal government source confirmed to Radio-Canada. read more
London Drugs stores remain closed after 'cybersecurity incident'
News/Canada/British Columbia | Tue, 30 Apr 2024 10:47:08 EDTAll London Drugs stores remained closed across Western Canada on Wednesday morning, after the B.C.-based company announced it was dealing with a "cybersecurity incident" on Sunday. read more
Open banking could spur competition, but fintechs say Canada's moving too slowly
News/Business | Mon, 29 Apr 2024 04:00:00 EDTFederal efforts to bring "open banking" to Canada are being welcomed by players in the industry — but there's also criticism that, after years of waiting, any changes may not come fast enough to encourage innovation or allow smaller financial players compete with larger institutions. read more
International students will be allowed to work 24 hours a week starting in September
News/Politics | Mon, 29 Apr 2024 14:42:08 EDTImmigration Minister Marc Miller says international students will be able to work off-campus for up to 24 hours per week starting in September. read more
Trans Mountain pipeline ushers in new economic era for Fort McMurray
News/Canada/Edmonton | Mon, 29 Apr 2024 09:59:40 EDTAs the urban centre at the heart of Canada's oilsands industry, Fort McMurray has seen more than its share of ups and downs. Now, with the official opening of the Trans Mountain pipeline expansion just days away, those who live and work here hope their fortunes are once again headed for an upswing. read more
London Drugs closes stores until further notice due to cyberattack
News/Canada/British Columbia | Sun, 28 Apr 2024 17:19:28 EDTRetail and pharmacy chain London Drugs says it was the "victim of a cybersecurity incident" Sunday and has shuttered its stores across western Canada until further notice. read more
Pay transparency in job listings is less transparent than you might think
Radio/Cost of Living | Mon, 29 Apr 2024 04:00:00 EDTWith pay transparency laws now in effect in B.C. and passed in P.E.I., Newfoundland and Ontario, companies are called upon to include salary ranges with job postings. But advocates say some employers post such wide pay ranges it counteracts the spirit of legislation designed to help close the pay gap. read more
