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CBC Business News

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Updated: 1 hour 31 min ago

Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

Mon, 2024-12-02 05:15

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroen and Ram, amid an ongoing struggle with slumping sales.

Categories: Business News

Quebec's Lion Electric temporarily lays off more than half of remaining workforce

Mon, 2024-12-02 04:57

The electric bus and truck manufacturer announced 400 more temporary layoffs in Canada and the United States, adding to the 520 workers that were laid off earlier this year.

Categories: Business News

Canada Post presents union with 'framework' to reach deal, end strike

Sun, 2024-12-01 16:42

The latest move from Canada Post comes after the union filed an unfair labour practice complaint with the Canada Industrial Relations Board over the layoffs of striking employees, saying the layoffs are an "intimidation tactic" that violates the Canada Labour Code.

Categories: Business News

More women are the breadwinners in Canadian families — but less so if they have kids

Sun, 2024-12-01 01:00

Women are the breadwinners in a growing percentage of Canadian families, according to a new report. But this is less likely to be true if that woman has children, and the proportion drops the more kids she has.

Categories: Business News

Is Trump really planning to revive Keystone XL? And is there even life left in that pipeline plan?

Sun, 2024-12-01 01:00

There's talk in Washington that president-elect Donald Trump plans to revive the Keystone XL pipeline project that would transport oil from northern Alberta to the U.S. midwest. Even setting aside Trump's proposed 25 per cent tariff on Canadian goods, experts warn the plan would face significant hurdles.

Categories: Business News

Competition Bureau says Google 'abused' its dominance of online ads. But what can really be done about it?

Sat, 2024-11-30 01:00

In its case targeting how Google buys and sells online advertising in Canada, the Competition Bureau says the company "has abused its dominant position." But those who study the tech giant say reducing its market influence won't be easy.

Categories: Business News

Media outlets, including CBC, sue ChatGPT creator

Fri, 2024-11-29 16:26

A group of Canadian news outlets — including CBC/Radio-Canada, Postmedia, Metroland, the Toronto Star, the Globe and Mail and the Canadian Press — has launched a joint lawsuit claiming copyright infringement against ChatGPT creator OpenAI.

Categories: Business News

Canada's economy grew 1% in the third quarter from higher government, household spending

Fri, 2024-11-29 05:36

The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.

Categories: Business News

Competition Bureau sues Google over alleged anti-competitive conduct in online advertising

Thu, 2024-11-28 13:36

Canada's Competition Bureau is suing Alphabet's Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday.

Categories: Business News

Rogers CEO summoned to Ottawa after avoiding questions about price increases in contracts

Thu, 2024-11-28 13:13

The CEO of telecom giant Rogers Communications has been ordered to appear before a parliamentary committee after sending a last-minute substitute in his place. MPs had asked to hear from CEO Tony Staffieri after a series of Go Public reports featuring frustrated Rogers customers.

Categories: Business News

Canada Post says it has been temporarily laying off striking workers

Thu, 2024-11-28 09:58

The union representing Canada Post workers says the Crown corporation has been laying striking employees off as the labour action by more than 55,000 workers approaches the two-week mark.

Categories: Business News

Australia passes youth social media ban. Now, it has to figure out how it will actually work

Thu, 2024-11-28 08:52

Australia on Thursday passed into law a social media ban for those under 16 years old, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech.

Categories: Business News

What would a trade war actually look like?

Thu, 2024-11-28 01:00

Donald Trump's proposed tariffs could have sweeping, global repercussions. What would the tariffs and responses mean for the global economy?

Categories: Business News

Black Friday sales are designed to give you FOMO. Don't let them

Thu, 2024-11-28 01:00

Black Friday is here, and it's hard to miss. Posters scream about big sales while emails flood inboxes — warning the savings are for one day only. It's become one of the busiest shopping days of the year. But experts say it's also a time when impulse spending can spiral out of control.

Categories: Business News

Hyundai recalls over 48,000 cars sold in Canada to fix rear-view cameras

Wed, 2024-11-27 13:09

Hyundai is recalling 48,509 SUVs and small cars in Canada, plus an additional 226,000 in the U.S., because the rearview camera image may not show up on the screens.

Categories: Business News

Mediation talks between Canada Post and union suspended

Wed, 2024-11-27 09:06

Negotiations have broken down between Canada Post and the Canadian Union of Postal Workers for the first time since a nationwide strike began nearly two weeks ago.

Categories: Business News

Walmart is the largest retailer to roll back diversity policies. What might it mean for Canadian employees?

Wed, 2024-11-27 05:43

Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists. It's not clear what impact these changes will have at Walmart Canada.

Categories: Business News

Trump's threatened tariffs would severely impact Canadian energy — if they happen

Wed, 2024-11-27 01:00

The oilpatch is reacting to Donald Trump’s threats to impose a 25 per cent tariff on Canadian goods with a mix of concern and skepticism. The tariff would be devastating to the industry, experts say, though some speculate the threat is just an opening salvo in a broader negotiation.

Categories: Business News

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