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Business News

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

CBC Business News - 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

CBC Business News - 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

Christmas tree industry desperate for new blood as farmers age

Financial Post TopStories - Thu, 2024-12-19 08:49
Lloyd Smith, 64, likes being alone with his balsam fir and pine, so it’s no wonder he’s been in the business of growing Christmas trees for the past five decades. Read More
Categories: Business News

Two million people are expected to leave the country in Canada's immigration reset. What if they don't?

Financial Post TopStories - Thu, 2024-12-19 06:54
Despite moving to Canada from India in 2018 as an international student and receiving a work permit upon graduating two years later, Dinesh* lives in Ontario today as a visitor even though that was obviously not the original plan. Read More
Categories: Business News

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

CBC Business News - 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?

CBC Business News - 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

CBC Business News - 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

CBC Business News - 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

Liberal Party turmoil sets Canada back at critical time: Danielle Smith

Financial Post TopStories - Wed, 2024-12-18 09:10
Alberta Premier Danielle Smith talks with Financial Post’s Larysa Harapyn about how upheaval in the federal government with the resignation of Chrystia Freeland has set Canada back at a critical time. Read More
Categories: Business News

Unpacking the Liberal's $24-billion spending package

Financial Post TopStories - Wed, 2024-12-18 06:31
Rebekah Young, vice president and head of inclusion and resilience economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about what’s in the federal government’s Fall Economic Statement. Read More
Categories: Business News

Posthaste: Canadians plan to tighten their belts after the holidays

Financial Post TopStories - Wed, 2024-12-18 05:00
Concerns about the rising cost of living and a looming recession have many Canadians looking to clamp down on their spending habits after the holidays. Read More
Categories: Business News

Recent immigrants struggle to take time off during holidays

Financial Post TopStories - Wed, 2024-12-18 03:00
The holidays are usually the time Canadians wind down from work to connect with loved ones and enjoy the festivities. Some Canadian immigrants, however, face barriers that make such activities hard to do. Read More
Categories: Business News

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

CBC Business News - 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 tightens immigration point system to curb fraud tied to job selling

Financial Post TopStories - Tue, 2024-12-17 17:33
Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration Minister Marc Miller said on Tuesday. Read More
Categories: Business News

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

CBC Business News - 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

Quebec to ban sale of most new gas-powered vehicles by 2035

Financial Post TopStories - Tue, 2024-12-17 12:34
The Quebec government has adopted regulations banning the sale of most new gasoline-powered vehicles as of 2035. Read More
Categories: Business News

Canada to impose more tariffs on Chinese imports in new year

CBC Business News - 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

Feds look to greatly expand money-laundering penalties

Financial Post TopStories - Tue, 2024-12-17 11:10
The federal government says it plans to boost penalties for money laundering by 40 times as part of several measures it wants to roll out to crack down on the issue. Read More
Categories: Business News

Canadian dollar falls below 70 cents U.S. on political risk from Freeland resignation

Financial Post TopStories - Tue, 2024-12-17 10:18
The Canadian dollar dipped below 70 cents U.S. on Tuesday for the first time since early 2020 as the fallout from Chrystia Freeland’s resignation as deputy prime minister and finance minister hit the currency. Read More
Categories: Business News
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