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CBC Business News

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Updated: 54 min 37 sec ago

McDonald's says testing rules out Quarter Pounder patties as source of E. coli outbreak in U.S.

Sun, 2024-10-27 15:17

Testing has ruled out beef patties as the source of the outbreak of E. coli poisoning tied to McDonald's Quarter Pounders, the company said Sunday. It will resume selling the Quarter Pounder in the coming week.

Categories: Business News

Why this major airline is testing tech that shames you for boarding too early

Sat, 2024-10-26 00:00

Are you the kind of traveller who skips ahead in line during boarding calls? One major airline has a message for you: Not so fast. American Airlines is experimenting with new technology that triggers a signal to gate agents when a passenger tries to board ahead of their group. 

Categories: Business News

Eating out is expensive. Some restaurants are using discounts to bring customers back

Fri, 2024-10-25 14:41

The high cost of living has some Quebec restaurants struggling to fill dining rooms. In response, some chains are doubling down on discounts and other promotions to get people back at their tables.

Categories: Business News

Walmart, LCBO are the latest retailers to embrace single-use paper bags. Environmentalists are concerned

Fri, 2024-10-25 00:00

Several major retailers are offering paper bags to customers after Ottawa banned single-use plastic ones. But environmentalists say paper bags are not a sustainable solution as they're also single-use and leave a sizable carbon footprint.

Categories: Business News

Immigration prevented a recession last year, but looming changes could stall growth: economists

Fri, 2024-10-25 00:00

Reducing the number of new immigrants admitted to Canada could have negative consequences for the economy and pose challenges for commerce, according to business advocates and economists.

Categories: Business News

As federal workers slam office mandate, study finds remote work cuts emissions

Thu, 2024-10-24 07:55

Federal employees in Ottawa produced 25 per cent fewer emissions when they worked remotely compared to those who were working in the office full time, a new study suggests, in research that comes as a major public sector union continues to push back on the government mandating more in-office work.  

Categories: Business News

Cineplex officially files appeal of $38.9M fine for drip pricing

Thu, 2024-10-24 06:24

Cineplex has filed an appeal of a record $38.9-million fine for deceptive marketing practices imposed against it by the Competition Tribunal.

Categories: Business News

N.S. chose a national grocery giant for its $6M buy local program. Reaction has been mixed

Thu, 2024-10-24 01:00

Following the Houston government’s decision to give Sobeys a $950,000 contract for its partnership with Nova Scotia Loyal, local producers and retailers weigh in on the fallout.

Categories: Business News

Alberta's squeeze on renewable energy has pushed investment to other provinces

Thu, 2024-10-24 00:00

Eight months after the Alberta government lifted its moratorium on the development of new, large wind and solar electricity projects, investment has yet to return as companies choose instead to invest in other provinces.

Categories: Business News

Landlords' latest tactic in public battles with tenants: sue them for libel

Thu, 2024-10-24 00:00

Tenants already face plenty of potential snarls in dealing with landlords. But now some landlords are suing their tenants for defamation when disputes go public.

Categories: Business News

McDonald's pulls Quarter Pounders from one-fifth of U.S. stores after E. coli outbreak

Wed, 2024-10-23 16:24

McDonald's worked Wednesday to reassure customers that its U.S. restaurants are safe as federal investigators tried to pinpoint the cause of a deadly E. coli outbreak linked to the fast-food giant's Quarter Pounder hamburgers.

Categories: Business News

Bank of Canada makes a chunkier rate cut, lowering by half point for 1st time since pandemic

Wed, 2024-10-23 05:50

The Bank of Canada has lowered its key interest rate to 3.75 per cent with a 50-basis-point cut, twice the size of the previous cut.

Categories: Business News

Honda recalls 61,000 vehicles in Canada over fuel pump issue

Tue, 2024-10-22 07:06

Honda is voluntarily recalling 61,000 vehicles in Canada over concerns that a high-pressure fuel pump may have a defective part.

Categories: Business News

Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges

Tue, 2024-10-22 06:11

Former Abercrombie & Fitch CEO Mike Jeffries, his romantic partner and a third man were arrested Tuesday on charges of luring men into drug-laced, outlandish and coercive sex parties held around the world by dangling the promise of modelling for the retailer's once-defining beefcake ads.

Categories: Business News

Ontario aiming to become energy superpower, energy minister says

Tue, 2024-10-22 05:27

Ontario's energy minister wants the province's electricity system to not just be able to meet an expected 75 per cent increase in demand, but to exceed it and be able to sell excess power to other jurisdictions, promising details in a forthcoming energy plan.

Categories: Business News

Lower-priced new cars are gaining popularity in the U.S. — and not just for cash-poor buyers

Tue, 2024-10-22 03:21

The trend is being led by Americans who feel they can no longer afford a new vehicle that would cost them roughly today's average selling price of more than $47,000 — a jump of more than 20 per cent from the pre-pandemic average.

Categories: Business News

Musk, putting up over $70M US to help Trump, raises legal questions with million-dollar giveaways

Mon, 2024-10-21 13:28

Pennsylvania's Democratic Gov. Josh Shapiro is among those calling for an investigation of billionaire Elon Musk, for his promise at a weekend pro-Trump rally to give away $1 million US each day until election day in the U.S.

Categories: Business News

Replacing Canada's crumbling water, road infrastructure would cost more than $300B: Statistics Canada

Mon, 2024-10-21 11:45

Statistics Canada estimates that it would take $356.7 billion to replace road or water systems considered to be in “poor” or “very poor” condition.

Categories: Business News

CBC president refuses to rule out accepting bonuses for two most recent fiscal years

Mon, 2024-10-21 11:29

CBC president and CEO Catherine Tait today refused to rule out accepting her personal bonuses for the last two fiscal years if they're approved by the Privy Council Office.

Categories: Business News

Minimum wage for higher-paid temporary foreign workers set to increase

Mon, 2024-10-21 08:00

The federal government is expected to boost the minimum hourly wage that must be paid to temporary foreign workers in the high-wage stream as a way to encourage employers to hire more Canadian staff.

Categories: Business News

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