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Business News

Norway wealth fund sells shares in Israel's Bezeq over telecom services to Israeli settlements

CBC Business News - Wed, 2024-12-04 12:59

Norway's sovereign wealth fund, the world's largest, has sold all of its shares in Israel's Bezeq, which provides telecommunications services to Israeli settlements in the occupied West Bank.

Categories: Business News

Taiwanese firm halts plan to build $1B battery plant in B.C. with federal support

CBC Business News - Wed, 2024-12-04 12:37

E-One Moli says it is focusing on Taiwanese production before any expansion abroad.

Categories: Business News

T&T, Canada's largest Asian grocery store chain, is coming to the U.S.

CBC Business News - Wed, 2024-12-04 10:42

Canada's biggest Asian grocery chain is expanding into the U.S., hoping to bring its patented array of food, skin care and more to a new market.

Categories: Business News

‘Serial disappointment’: Canada's labour productivity falls for third quarter in a row

Financial Post TopStories - Wed, 2024-12-04 10:40
Productivity now almost 5% lower than before the pandemic
Categories: Business News

Alberta chases $100 billion AI data centre opportunity

Financial Post TopStories - Wed, 2024-12-04 10:39
Government planning to introduce legislation to encourage tech companies to build data centres in the province
Categories: Business News

Dollarama aiming to expand to 2,200 Canadian stores by 2034

CBC Business News - Wed, 2024-12-04 09:20

A new Dollarama distribution centre and a lot more of the chain's stores are headed for Canada over the next decade.

Categories: Business News

UnitedHealthcare CEO shot dead in New York by attacker who waited for him, police say

CBC Business News - Wed, 2024-12-04 09:11

Police are still searching for the gunman who killed the head of a major American health insurance company in New York on Wednesday in what the city's top officer described as a "brazen targeted attack."

Categories: Business News

Air Canada's cheapest tickets on some routes will no longer include carry-on baggage

CBC Business News - Wed, 2024-12-04 08:29

Months after WestJet added a controversial ultrabasic ticket that didn’t allow travellers to bring a carry-on bag, Air Canada is following suit by stripping carry-on baggage from its cheapest tickets on some routes. 

Categories: Business News

'We're in a recession,' says former Bank of Canada governor Stephen Poloz

Financial Post TopStories - Wed, 2024-12-04 07:37
Canadian consumer has suffered a 30% increase in the cost of living
Categories: Business News

Posthaste: ‘Junk fees’ are hurting Canadians’ well-being, survey finds

Financial Post TopStories - Wed, 2024-12-04 05:02
More than half say hidden fees have hurt their ability to save for a home
Categories: Business News

National Bank narrowly beats expectations, expects CWB acquisition to drive growth

Financial Post TopStories - Wed, 2024-12-04 04:49
The $5-billion deal will expand Quebec-based bank's reach across the country
Categories: Business News

Losses in China lead to $5B charge for General Motors as it cuts the value of its assets

CBC Business News - Wed, 2024-12-04 04:28

The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year.

Categories: Business News

RBC chief Dave McKay 'cautiously optimistic' Canada can dodge tariff trouble

Financial Post TopStories - Wed, 2024-12-04 03:50
CEO cautions against overreacting to Donald Trump's threats
Categories: Business News

Cargill plans to slash roughly 8,000 jobs globally

CBC Business News - Tue, 2024-12-03 09:29

The company, which operates in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec and Ontario, plans to cut five per cent of its global workforce.

Categories: Business News

Posthaste: Natural disasters are costing Canada more than we think, analysts warn

Financial Post TopStories - Tue, 2024-12-03 05:01
As costs soar, communities in high-risk areas may get left behind
Categories: Business News

Scotiabank CEO confident lender will hit earnings goals despite uncertainty

Financial Post TopStories - Tue, 2024-12-03 04:17
Shares fall as Bank of Nova Scotia posts higher fourth-quarter profit, but misses expectations
Categories: Business News

Musk's $56B Tesla compensation is rejected by judge, again

CBC Business News - Tue, 2024-12-03 04:05

A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion US compensation package despite shareholders of the electric vehicle company voting in June to reinstate it.

Categories: Business News

Rogers CEO in hot seat as MPs grill him over contracts customers call unfair and misleading

CBC Business News - Mon, 2024-12-02 17:56

Rogers Communications CEO Tony Staffieri was summoned to appear before a parliamentary committee to defend contracts with clauses that allow monthly prices to increase while customers are locked in.

Categories: Business News

Still no deal between Canada Post and its striking staff

CBC Business News - Mon, 2024-12-02 14:59

Negotiations between Canada Post and the union for postal workers are still on hold as of Monday afternoon, though both sides have said they're working to get back to the table.

Categories: Business News

Canada Post strike to cost small businesses $1 billion as calls for action mount

Financial Post TopStories - Mon, 2024-12-02 11:14
'It's not the Grinch who is about to steal Christmas. It's Ottawa sitting idly on the sidelines,' CFIB statement says
Categories: Business News
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