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CBC Business News

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Updated: 1 hour 49 min ago

Canada’s only Amazon workers’ union braces for 1st offer from employer

Mon, 2024-12-23 15:11

After successfully unionizing in May of 2024, workers at an Amazon facility in Laval, Que., are expecting a first offer from the company in January after six months of negotiations and demands for wage increases.

Categories: Business News

Passengers facing flight disruptions could get more protections under Canadian proposals

Mon, 2024-12-23 15:05

The Canadian Transportation Agency, the quasi-judicial tribunal and regulator tasked with enforcing air passenger rights and compensation rules, has unveiled proposed amendments to the Air Passenger Protection Regulations.

Categories: Business News

Competition Bureau sues Rogers for allegedly misleading customers about unlimited data

Mon, 2024-12-23 13:19

Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc. for allegedly misleading consumers about offering unlimited data under some phone plans.

Categories: Business News

Canadian economy grew 0.3% in October, lifted by manufacturing, oil and gas extraction

Mon, 2024-12-23 07:05

The Canadian economy grew 0.3 per cent in October, Statistics Canada said in its monthly GDP release, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September.

Categories: Business News

Influencer's TikTok blows up the Swedish candy business

Mon, 2024-12-23 05:58

A New York influencer's viral TikTok sparked a Swedish candy craze, but the sudden global surge in demand has left Canadian candy sellers scrambling to get enough supply to fill orders.

Categories: Business News

Honda and Nissan announce plans to merge, creating world's third-largest automaker

Mon, 2024-12-23 03:19

Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world's third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

Categories: Business News

Air Canada was ordered to pay him $15K for his delayed flights. Now they're fighting back

Mon, 2024-12-23 01:00

For the last two and a half years, Rejean Landry has been seeking compensation from Air Canada after his family arrived at their final destination more than 24 hours late. He won a settlement in Ontario's small claims court, but the airline has decided to appeal.

Categories: Business News

How a viral TikTok video led to a year-long global shortage of Swedish candy

Mon, 2024-12-23 01:00

How a TikTok influencer's video showing off a bag of Swedish candy sent the internet spinning, resulting in an ongoing global shortage of the nation's prized sweets.

Categories: Business News

Party City to shut down in U.S., but Canadian stores unaffected

Fri, 2024-12-20 12:16

Party City is reportedly closing all of its stores across the U.S. — but the party supplies chain's Canadian stores will continue to operate.

Categories: Business News

Amazon workers strike at seven U.S. locations, alleging unfair treatment

Thu, 2024-12-19 13:35

Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush as workers protest what they say is the retailing giant's unfair treatment of its employees.

Categories: Business News

Potential Honda-Nissan merger could be the first of many as carmakers try to challenge China

Thu, 2024-12-19 12:38

Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.

Categories: Business News

Canada Post union head in Ontario warns of 'race to the bottom' after back-to-work order ends strike

Thu, 2024-12-19 01:00

The fight for better jobs at Canada Post continues after a federal back-to-work order ended the roughly one-month strike, but the government has made it more difficult, a local union president says.

Categories: Business News

Could tariffs fight climate change?

Thu, 2024-12-19 01:00

Tariffs are a hot topic these days. But could they help cool the planet? Many countries are discussing carbon tariffs or carbon border adjustments as a way to protect their competitiveness while fighting climate change. Here's a closer look.

Categories: Business News

U.S. Federal Reserve cuts interest rates by another quarter point

Wed, 2024-12-18 13:39

The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank's two per cent target.

Categories: Business News

U.S. Supreme Court agrees to hear TikTok bid to halt ban

Wed, 2024-12-18 11:51

The U.S. Supreme Court decided on Wednesday to hear a bid by TikTok and its China-based parent company ByteDance to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds.

Categories: Business News

Why Christmas trees in Europe are so much cheaper than in Canada

Wed, 2024-12-18 01:00

In Europe, Christmas tree prices have been falling for the better part of the last decade — in stark contrast to Canada. Why?

Categories: Business News

Canada added record rental supply in 2024, but most units were too pricey for the average renter

Tue, 2024-12-17 13:02

The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year as Canada added its largest share of purpose-built rental supply in over three decades.

Categories: Business News

Canada to impose more tariffs on Chinese imports in new year

Tue, 2024-12-17 11:27

Canada plans to impose tariffs on a slew of Chinese products starting as early as next year, the government's fiscal update says — part of the federal government's wider investigation into imports from China.

Categories: Business News

Canadian dollar dips below 70 cents US for first time since March 2020

Tue, 2024-12-17 10:16

The Canadian dollar dipped below $0.70 US on Tuesday, the first time it has done so since the onset of the COVID-19 pandemic in March 2020, according to Bloomberg data.

Categories: Business News

Canada's inflation rate edges down to 1.9%

Tue, 2024-12-17 05:38

Canada's annual inflation rate ticked down to 1.9 per cent in November, with the slowdown in price growth mostly driven by lower mortgage interest costs and cheaper travel tours, Statistics Canada said on Tuesday.

Categories: Business News

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