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Business News

FP Outlook 2025: 'Storm clouds' loom for the Canadian dollar

Financial Post TopStories - Thu, 2024-12-12 10:45
Schamotta: Currency traders are bracing themselves
Categories: Business News

Posthaste: What the Bank of Canada's second jumbo rate cut means for the Canadian dollar

Financial Post TopStories - Thu, 2024-12-12 05:00
How the loonie reacted to another 50 basis point cut might surprise you
Categories: Business News

The GST/HST holiday begins Saturday

CBC Business News - Thu, 2024-12-12 01:00

Saturday marks the beginning of the Liberal government’s two-month GST/HST holiday that it says will give Canadians a break on the cost of some essential goods. 

Categories: Business News

Air Canada ordered to pay $10K after couple endures 'horrendous experience'

CBC Business News - Wed, 2024-12-11 18:22

A small claims court has ordered Air Canada to pay a couple $10,000, after an overbooked flight resulted in the two being sent to multiple Canadian airports under the promise of a replacement flight that never materialized, ruining a vacation that had been planned for years. 

Categories: Business News

Vancouver council passes mayor's motion to make city 'bitcoin-friendly'

CBC Business News - Wed, 2024-12-11 17:18

Vancouver councillors passed a motion from Mayor Ken Sim on Wednesday that seeks to make the city "bitcoin-friendly," giving staff the thumbs up to explore holding cryptocurrency in reserve and accepting payments in the virtual currency.

Categories: Business News

'Not just TD': Fitch expects Canadian banks to come under increased scrutiny

Financial Post TopStories - Wed, 2024-12-11 12:04
All Canadian banks rated by Fitch have stable outlooks except for TD, which remains negative
Categories: Business News

TD Bank employee arrested and charged in connection with money laundering case

CBC Business News - Wed, 2024-12-11 11:52

The U.S. Department of Justice says a former TD Bank Group employee has been arrested and charged for allegedly facilitating money laundering at the bank.

Categories: Business News

Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in

Financial Post TopStories - Wed, 2024-12-11 11:42
Move expected to provide significant relief to the real estate sector, easing borrowing costs and stimulating demand
Categories: Business News

AquaBounty cutting 'substantially all' staff, plans to shut down P.E.I. salmon hatchery

CBC Business News - Wed, 2024-12-11 10:09

Massachusetts-based AquaBounty has announced it is shutting down its genetically engineered salmon hatchery in Bay Fortune, P.E.I., with 'several senior management members' leaving the company in the face of a cash crisis.

Categories: Business News

Those jumbo cuts are done and dusted: What economists are saying about the Bank of Canada and interest rates

Financial Post TopStories - Wed, 2024-12-11 09:28
Economic landscape is shifting as signs emerge that inflation could be on the rise again
Categories: Business News

MadeGood granola bars recalled over concerns they contain metal fragments

CBC Business News - Wed, 2024-12-11 07:04

Several batches of the popular granola bar brand MadeGood have been recalled by its parent company over concerns that the bars may contain metal fragments.

Categories: Business News

Bank of Canada cuts interest rates: Read the official statement

Financial Post TopStories - Wed, 2024-12-11 07:01
Reduces key policy rate to 3.25 per cent
Categories: Business News

Bank of Canada cuts its policy rate by another half point

Financial Post TopStories - Wed, 2024-12-11 06:53
Brings key policy rate to 3.25%
Categories: Business News

Bank of Canada makes another hefty rate cut with slower pace of cuts going forward

CBC Business News - Wed, 2024-12-11 06:51

The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday but signalled a slower pace of rate cuts moving forward.

Categories: Business News

Posthaste: Incoming GST cut fails to dissuade Black Friday shoppers

Financial Post TopStories - Wed, 2024-12-11 05:00
Black Friday spending grew 11% compared to 2023, with transaction size growing 7%
Categories: Business News

The Delivery Economy: How e-commerce is changing the way we live and do business

Financial Post TopStories - Wed, 2024-12-11 05:00
Down to Business podcast returns with a three-part series on the retail revolution that is changing everything
Categories: Business News

Most Canadian professionals actively job hunting for next year, survey says

Financial Post TopStories - Wed, 2024-12-11 03:00
With the cost of living still rising, employees find current modest pay raises do not significantly improve their financial situation
Categories: Business News

TikTok files legal challenge of federal government's shutdown order

CBC Business News - Tue, 2024-12-10 16:22

TikTok is challenging the federal government's order to shut down its operations in Canada, claiming it will eliminate hundreds of jobs and could terminate a quarter of a million contracts it has with Canadian advertising clients.

Categories: Business News

Judge approves $2.6M Dollarama class-action settlement

CBC Business News - Tue, 2024-12-10 14:08

The company reached the settlement agreement in October, but a Quebec Superior Court judge signed off on it Tuesday. 

Categories: Business News

Annual rents just hit a 15-month low — but they're still way higher than they were 3 years ago

CBC Business News - Tue, 2024-12-10 12:24

The average asking price for rents hit a 15-month low in November, falling nationally on a year-over-year basis to $2,139, according to a new report.

Categories: Business News
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