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CBC Business News

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Updated: 1 hour 25 min ago

'Grueling and arduous': A look back at Canada-U.S. relations during the first Trump presidency

Wed, 2024-11-06 12:59

Canadian political leaders are congratulating Donald Trump on winning back the U.S. presidency — a victory that raises questions about what Canada-U.S. relations will look like over the next four years.

Categories: Business News

Bitcoin jumps to record high in crypto frenzy after Trump win

Wed, 2024-11-06 08:23

The price of bitcoin hit a new high Wednesday as investors bet that former president Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies.

Categories: Business News

Several bread and bun brands recalled due to pieces of metal, says Canada's food safety agency

Wed, 2024-11-06 06:33

The Canadian Food Inspection Agency has issued a recall for several brands of bread and buns due to pieces of metal in the products.

Categories: Business News

Canadian legal information database sues company behind AI chatbot

Wed, 2024-11-06 05:00

The Canadian Legal Information Institute (CanLII) has taken the makers of an AI chatbot to court over what it says are a violation of its terms of service, due to the chatbot scraping CanLII's database in bulk.

Categories: Business News

Canada, prepare for the big squeeze. Trump will press on several sensitive fronts

Wed, 2024-11-06 04:38

Donald Trump's second term as U.S. president carries implications at home and abroad. That includes potentially wreaking havoc on global economies through the aggressive use of tariffs.

Categories: Business News

Over half of workers compensation claims in Alberta construction are 1st-year workers

Wed, 2024-11-06 01:00

Ahead of its safety conference this week, the Alberta Construction Safety Association is highlighting the need to address worker safety — especially for those just starting out.

Categories: Business News

New toonie designed by Inuit artists unveiled in Ottawa

Wed, 2024-11-06 01:00

The design, meant to celebrate Northern culture, waterways and Inuit land, was unveiled at a Royal Canadian Mint ceremony on Nov. 5, 2024. The CBC’s Sandra Abma was there.

Categories: Business News

BCE to buy U.S. internet provider Ziply for $5B, in part with funds from MLSE sale

Tue, 2024-11-05 12:54

BCE has signed a deal to buy U.S. fibre internet provider Ziply Fiber for about $5 billion in cash, using in part the profits from the high-profile sale of the company’s stake in Maple Leaf Sports & Entertainment earlier this fall. 

Categories: Business News

Canada Post says strike threat is already affecting revenue

Tue, 2024-11-05 12:02

Canada Post says the threat of a strike is “rapidly impacting” its revenue as customers who worry about their holiday packages not arriving in time switch delivery services.

Categories: Business News

B.C. ports are frozen amid a labour dispute. What does this mean for Canadians?

Tue, 2024-11-05 07:57

A major trade artery was shut down on Monday when employers locked out more than 700 foremen at ports across British Columbia. But what does this mean for Canada’s supply chain and for consumers?

Categories: Business News

Boeing workers vote to end 7-week strike, accept new contract with 38% raise

Tue, 2024-11-05 02:35

Boeing's West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled plane-maker.

Categories: Business News

Three years of roaring oil prices could be coming to an end

Tue, 2024-11-05 01:00

The days of oil companies being compared to broken cash machines are likely over.

Categories: Business News

Vancouver-area home sales surge in October amid lower borrowing costs: real estate board

Mon, 2024-11-04 12:02

Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound after the Bank of Canada's four consecutive cuts to its key interest rate.

Categories: Business News

The U.S. economy looks strong. So why don't voters feel good about it?

Mon, 2024-11-04 11:32

While the U.S. economy looks strong on paper — stable and growing at a faster pace than was expected — a lot of voters going into Tuesday's presidential election are still feeling a bit glum about it all, no matter how good the data seems to say they should feel. 

Categories: Business News

Taylor Swift shows spark beading bonanza and big sales for crafting retailers

Mon, 2024-11-04 09:36

Beaded friendship bracelets have become a hallmark for Swift fans, who string each one and then trade them at her concerts. Fans have proved to be a boon for retailers, which have seen jewelry-making materials fly off shelves, especially in cities where the songstress is due to make an appearance.

Categories: Business News

B.C. port employers launch lockout at terminals over contract dispute with foremen

Mon, 2024-11-04 06:33

Employers have locked out more than 700 unionized workers in the latest development in a labour dispute that the union says will shut down all ports in British Columbia until further notice.

Categories: Business News

Hundreds of Rogers, Bell and Telus customers angry prices can increase during contract

Mon, 2024-11-04 01:00

A Go Public investigation into telco contracts has prompted hundreds of frustrated customers from all the big providers to ask why contracts can have language that locks them in for two to three years while allowing prices to increase. A contract law expert says the CRTC should investigate.

Categories: Business News

Federal draft rules require oil and gas sector to cut emissions 35% below 2019 levels

Mon, 2024-11-04 01:00

The federal government unveiled draft regulations Monday that will impose a greenhouse gas cap on the oil and gas sector that limits emissions to 35 per cent below 2019 levels.

Categories: Business News

Union for B.C. foremen accuses port employers of 'acting recklessly' with threat of lockout

Sun, 2024-11-03 19:07

A standoff between hundreds of foremen and their employers means B.C.'s ports could once again come to a standstill as early as Monday morning. The industry says job action could shut down the entire West Coast port system and risk hundreds of millions of dollars of trade per day.

Categories: Business News

Canada Post, union talks ongoing with no strike notice but CUPW says it could be issued if talks break down

Sun, 2024-11-03 14:02

The Canadian Union of Postal Workers could have been in a legal strike position as of Sunday, after a cooling-off period in the contract talks ended the day before. The Crown corporation presented its latest offer last week, but failed to impress the union.

Categories: Business News

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