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Business News

Here's what's driving Bank of Canada rate cuts today and next year: CIBC

Financial Post TopStories - Tue, 2024-12-10 12:11
Deputy chief economist Benjamin Tal talks about the factors guiding central bank policymakers
Categories: Business News

Freeland silent on meeting $40.1-billion federal deficit pledge in upcoming fiscal update

Financial Post TopStories - Tue, 2024-12-10 09:21
Finance minister prepares to release fall statement on Dec. 16
Categories: Business News

Freeland will unveil an economic statement next week. What will it say about the deficit?

CBC Business News - Tue, 2024-12-10 08:44

CBC's Janyce McGregor explains what is expected in next week's fall economic statement and examines the latest remarks from Finance Minister Chrystia Freeland, who declined to comment Tuesday on the expected size of the budget deficit.

Categories: Business News

Posthaste: How long before $1 million condos are the norm?

Financial Post TopStories - Tue, 2024-12-10 05:00
The average condo price in Vancouver could reach $1 million in six years
Categories: Business News

Proposed class-action lawsuit accuses companies of price-fixing rents in Canada

CBC Business News - Tue, 2024-12-10 01:00

A proposed class-action lawsuit alleges more than a dozen landlords and property managers have conspired to artificially inflate rents across Canada. The suit claims they did it by using a piece of software called YieldStar.

Categories: Business News

This Canadian is the new world champion of spreadsheets, and he has the belt to prove it

CBC Business News - Mon, 2024-12-09 15:23

Michael Jarman, a Toronto financial modelling director, has become the undisputed world champion of managing spreadsheets in Microsoft Excel. 

Categories: Business News

Union says it met with Canada Post for first time since mediator suspended talks

CBC Business News - Mon, 2024-12-09 13:48

As the Canada Post strike involving more than 55,000 workers hit the 25-day mark, the union representing postal workers says it met with the Crown corporation and shared revisions to its latest proposal.

Categories: Business News

CN reaches tentative agreement with union representing mechanics, clerks

CBC Business News - Mon, 2024-12-09 13:22

Canadian National Railway has reached a tentative agreement with the union representing its mechanical workers and clerks, the company announced on Monday, just two weeks after workers voted to authorize a strike.

Categories: Business News

Federal government to table fall economic statement on Dec. 16

Financial Post TopStories - Mon, 2024-12-09 10:51
Concerns Ottawa will not meet its pledge to keep the deficit below $40.1 billion
Categories: Business News

Bets are high for another big cut by the Bank of Canada on Wednesday

Financial Post TopStories - Mon, 2024-12-09 10:11
Markets are pricing in a 50 basis-point cut to the policy rate
Categories: Business News

Oil prices lift slightly after Assad's ouster in Syria

CBC Business News - Mon, 2024-12-09 09:07

Investors took geopolitical tumult in their stride on Monday, leaving oil and gold modestly higher while the U.S. dollar edged up ahead of inflation data this week that could cement a December rate cut by the U.S. Federal Reserve.

Categories: Business News

Chrystia Freeland to present her fall economic update on Dec. 16

CBC Business News - Mon, 2024-12-09 08:59

Finance Minister Chrystia Freeland will table her much-anticipated fall economic update next week — a document that will give Canadians a look at the federal books at a time of great economic uncertainty.

Categories: Business News

Vancouver mayor's idea to create bitcoin reserve for city 'extremely risky': law professor

CBC Business News - Mon, 2024-12-09 07:49

Mayor Ken Sim wants Vancouver to become a bitcoin-friendly city, and that could include accepting payments for city services in cryptocurrency.

Categories: Business News

Posthaste: Why top economists are changing their Bank of Canada rate cut forecast

Financial Post TopStories - Mon, 2024-12-09 05:05
Scotiabank and BMO join pack calling for 50-bps interest rate cut
Categories: Business News

As Canada Post strike drags on, frustration mounts over 'prohibitive' courier costs

CBC Business News - Mon, 2024-12-09 01:00

With the Canada Post strike now in its fourth week, some Canadians say they're frustrated with major courier companies like FedEx, UPS and Purolator that they've turned to as alternatives.

Categories: Business News

Calgary's unemployment rate is trending higher than Canada's — but it's not because of layoffs

CBC Business News - Mon, 2024-12-09 01:00

Calgary's unemployment rate is trending higher than the national average — but it's not about layoffs.

Categories: Business News

He thought his car's crash-prevention technology would make him safer. Now he no longer trusts it

CBC Business News - Mon, 2024-12-09 01:00

Last month, CBC News reported on a Quebec man who blamed the lane-centring technology in his car for causing an accident. Following the story, CBC received more than two dozen emails reporting similar concerns, including one about repeated braking issues out of Ontario.

Categories: Business News

Why work-life balance still isn't working for women, especially moms

CBC Business News - Sun, 2024-12-08 01:04

A new poll provides fresh numbers to illustrate what many exhausted working women have been reporting for decades — work-life balance isn't exactly working out for them. The U.S. report that mirrors Canadian data suggests competing demands of work and home are part of the problem. 

Categories: Business News

A huge hack of U.S. phone companies means your text messages may not be safe

CBC Business News - Sat, 2024-12-07 01:00

After a massive cyberattack on U.S. telecom firms and dozens of countries by a hacker group backed by China, security experts are worried about communication networks and even the privacy of text messaging for individual citizens.

Categories: Business News

Small business workarounds drying up as Canada Post strike enters week four

Financial Post TopStories - Fri, 2024-12-06 13:19
'It's one thing after another; the question is what will end up taking you down'
Categories: Business News
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