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8 May 2024

Boeing under investigation after workers falsified inspection records on some Dreamliners

The U.S. Federal Aviation Administration said Monday it has opened an investigation into Boeing after...

Latest trends on Business

What could a $5B government loan program do? Turn Indigenous communities into powerful investors
26 April 2024What could a $5B government loan program do? Turn Indigenous communities into powerful investors

Downtown Toronto is a long way from most communities where the federal government's Indigenous loan guarantee program will be put into action, but it's where the buzz about the new $5-billion program could be heard this week.

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EV sales have slowed. Do massive subsidies still make sense?
26 April 2024EV sales have slowed. Do massive subsidies still make sense?

Enormous investments in EV technology shook the automotive industry in both Canada and the U.S. this week. Honda promised to spend $15 billion in Ontario on Thursday morning. Toyota unveiled new investments in Indiana that afternoon, bringing its total spending on EVs in that state to $8 billion US.

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Tesla's Q1 net income down 55% year over year
24 April 2024Tesla's Q1 net income down 55% year over year

Tesla's first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles.

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We're still stockpiling reusable bags. Big grocers have adopted solutions, but experts have concerns
23 April 2024We're still stockpiling reusable bags. Big grocers have adopted solutions, but experts have concerns

Canada's plastic bag ban has had an unintended consequence: a proliferation of reusable bags piling up in basements, closets and, eventually, landfills.

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Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain
18 April 2024Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain

A chorus of Canadian entrepreneurs and investors is blasting the federal government's budget for expanding a tax on the rich. They say it will lead to brain drain and further degrade Canada's already poor productivity.

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Mortgage interest still driving inflation, as overall rate nudges up to 2.9%
17 April 2024Mortgage interest still driving inflation, as overall rate nudges up to 2.9%

Canada's inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase.

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Liberals pledge $9B in new money for Indigenous communities in 2024 budget
17 April 2024Liberals pledge $9B in new money for Indigenous communities in 2024 budget

The Trudeau government is promising $9 billion in new cash for Indigenous communities over the next five years, a smaller spend than some past budgets but one the government says builds on past investments and maintains an upward trend.

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The dirty secret of the housing crisis? Homeowners like high prices
15 April 2024The dirty secret of the housing crisis? Homeowners like high prices

If you listen to Canadian politicians, the solution to our housing crisis seems to be some combination of immigration reform and a herculean countrywide building effort.

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140 BMO customers say they lost $1.5M in transfer frauds, plan to sue bank
11 April 2024140 BMO customers say they lost $1.5M in transfer frauds, plan to sue bank

Elizabeth Bernas and her husband had planned to use the proceeds from their home sale to renovate their new house in Ajax, Ont., to pay for their children's university tuition and to go on a family vacation.

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Tesla settles lawsuit on eve of trial in deadly automated-driving crash

Tesla settles lawsuit on eve of trial in deadly automated-driving crash

10 April 2024

Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. ...

People are fed up with Loblaw stores' rising prices. Would a boycott accomplish anything?

People are fed up with Loblaw stores' rising prices. Would a boycott accomplish anything?

9 April 2024

It may very well have started with a tweet about a $37 package of chicken breasts. Or it could have been the $10 birch sticks....

Southwest Boeing 737-800 flight loses engine cover, prompting regulator to investigate

Southwest Boeing 737-800 flight loses engine cover, prompting regulator to investigate

9 April 2024

An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration (FAA) to open an investigation. ...

RBC fires CFO Nadine Ahn after investigation into personal relationship with employee

RBC fires CFO Nadine Ahn after investigation into personal relationship with employee

9 April 2024

RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee....

Have an iPhone 6 or 7? Now you can submit a claim for up to $150 from Apple

Have an iPhone 6 or 7? Now you can submit a claim for up to $150 from Apple

9 April 2024

Current or former iPhone 6 and 7 users in Canada can now submit a settlement claim for a class-action lawsuit that could pay up to $150 to eligible users of the affected devices....

U.S. investors successfully demand RBC change how it reports on green, fossil fuel investments

U.S. investors successfully demand RBC change how it reports on green, fossil fuel investments

8 April 2024

Canada's largest bank has reversed course on a policy to disclose how much it invests in green energy versus fossil fuel energy following demands from New York City's large public pension funds, with environmental groups welcoming the move but pointing out it doesn't actually reduce carbon emissions yet. ...

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

8 April 2024

Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada's largest oilsands companies is optimistic about having a "line of sight" in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. ...

Ford delays start of EV production at Oakville plant until 2027

Ford delays start of EV production at Oakville plant until 2027

5 April 2024

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years....

If you're still sharing a Disney+ password, a crackdown is coming soon

If you're still sharing a Disney+ password, a crackdown is coming soon

5 April 2024

Disney's streaming service will start cracking down on password-sharing in June, chief executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business....

Delete history: Pornhub changed the world, but its empire faces a reckoning

Delete history: Pornhub changed the world, but its empire faces a reckoning

4 April 2024

Pornhub completely disrupted the adult entertainment industry, and its influence on culture and our collective experiences of sexual expression online is undeniable....

Indigo agrees to go private after sale to holding company owned by chief executive's spouse

Indigo agrees to go private after sale to holding company owned by chief executive's spouse

4 April 2024

ndigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder....

What Tesla's troubles tell us about the EV industry

What Tesla's troubles tell us about the EV industry

4 April 2024

Tesla's disastrous earnings report this week has sparked a sell-off of the world's largest electric vehicle manufacturer and widespread skepticism about the state of the EV industry as a whole. ...

WestJet Encore pilots vote for strike mandate, adding to airline's turbulence

WestJet Encore pilots vote for strike mandate, adding to airline's turbulence

3 April 2024

WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday, increasing the prospect of headwinds after a bumpy year for the airline's owner....

Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?

Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?

2 April 2024

A federal proposal to include rental payments in calculating credit scores might help some Canadians move into home ownership, but it could have consequences on renters who are already struggling with rising costs....

Group of Tim Hortons franchisees in Quebec sue brand owner for $18.9M

Group of Tim Hortons franchisees in Quebec sue brand owner for $18.9M

1 April 2024

Several Quebec Tim Hortons franchisees are taking the brand's owner to court, blaming what they describe as unreasonable constraints in the company's licensing agreements for lower-than-expected profits....

Inside the A&W test kitchen, a battlefield in the fast food wars

Inside the A&W test kitchen, a battlefield in the fast food wars

1 April 2024

One of the latest volleys in the multibillion-dollar fast food wars started with a late night on Karan Suri's TikTok....

From chocolate to home insurance, climate change is making life more expensive

From chocolate to home insurance, climate change is making life more expensive

29 March 2024

If chocolate is your pleasure, you've undoubtedly noticed it costs more these days to get your fill. ...

TikTok, Snapchat respond as Ontario school boards sue social media giants

TikTok, Snapchat respond as Ontario school boards sue social media giants

29 March 2024

Four major Ontario school boards are taking some of the largest social media companies to court over their products, alleging the way they're designed has negatively rewired the way children think, behave and learn and disrupted the way schools operate....

Sam Bankman-Fried, FTX founder, sentenced to 25 years in prison in crypto fraud case

Sam Bankman-Fried, FTX founder, sentenced to 25 years in prison in crypto fraud case

29 March 2024

Former crypto mogul Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in the 2022 collapse of FTX, which once was one of the world's most popular platforms for trading digital currency....

Apartment construction surged last year but demand still outpacing supply, says CMHC

Apartment construction surged last year but demand still outpacing supply, says CMHC

28 March 2024

A surge in new apartment construction drove housing start increases in some major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the federal housing agency. ...

A settlement in a U.S. lawsuit could upend the cornerstone of real estate industry: commissions

A settlement in a U.S. lawsuit could upend the cornerstone of real estate industry: commissions

28 March 2024

The cost of selling a home in the United States may be about to change dramatically. ...

Canada Goose is laying off 17 per cent of its global corporate staff

Canada Goose is laying off 17 per cent of its global corporate staff

27 March 2024

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce....

Canada's need to improve productivity has reached emergency level, says Bank of Canada official

Canada's need to improve productivity has reached emergency level, says Bank of Canada official

27 March 2024

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades....

Chocolate prices have tripled. What does that mean for your Easter egg basket?

Chocolate prices have tripled. What does that mean for your Easter egg basket?

27 March 2024

Easter season is underway at Toronto's The Chocolateria, where the walls are lined with bunny-shaped chocolate treats, chocolate eggs wrapped in colourful foil, and delicate "smash" eggs paired with a mini chocolate hammer....

Discount retailer Giant Tiger says customer data was compromised in third-party breach

Discount retailer Giant Tiger says customer data was compromised in third-party breach

26 March 2024

Discount retailer Giant Tiger says contact information for some of its customers was compromised in an "incident" linked to a third-party vendor it uses....

Boeing CEO Dave Calhoun to step down at end of year amid plane-maker's woes

Boeing CEO Dave Calhoun to step down at end of year amid plane-maker's woes

26 March 2024

Boeing CEO Dave Calhoun will step down from the embattled plane-maker at the end of the year as part of a broader management shuffle, capping a tumultuous five-plus years that have shaken faith in one of the U.S.'s most-storied manufacturers. ...

Calgary startup aims to launch sustainable aviation fuel facilities on the Prairies

Calgary startup aims to launch sustainable aviation fuel facilities on the Prairies

25 March 2024

For anyone who has flown with United Airlines over the last year or so, you've likely seen the in-flight video promoting the company's first Chief Trash Officer — Oscar the Grouch....

Costly repairs could mean higher premiums for EV drivers: report

Costly repairs could mean higher premiums for EV drivers: report

22 March 2024

After Benjamin Vassalle hit a deer during a nighttime drive in northern Ontario in January, he and his partner knew that repairing their damaged electric vehicle would come at a cost....

The cars, the chargers or the customers? A look at what's behind cooling EV sales growth

The cars, the chargers or the customers? A look at what's behind cooling EV sales growth

20 March 2024

Several automakers are pulling back on plans to expand the amount of electric vehicles they produce in response to slowing sales that aren't expected to hit previous forecasts....

This business owner says she's being 'penalized' for bringing manufacturing to Canada from China

This business owner says she's being 'penalized' for bringing manufacturing to Canada from China

18 March 2024

A Canadian company that manufactures children's toy couches finds itself facing a stiff bill for import tariffs after bringing production home to this country....

‘Labour shortage is real.’ Canadian retailers push back on Ottawa’s foreign labour cap

‘Labour shortage is real.’ Canadian retailers push back on Ottawa’s foreign labour cap

8 February 2024

Canada’s immigration minister is getting pushback from companies that heavily rely on foreign labour following the federal government’s announcement that it will cap international student visas....

Manulife will cover specialty drugs filled at any pharmacy following backlash to Loblaw deal

Manulife will cover specialty drugs filled at any pharmacy following backlash to Loblaw deal

6 February 2024

Manulife will cover specialty drugs filled at any pharmacy, the insurance company said Monday, backtracking on its decision to only cover drugs filled at Loblaw-owned pharmacies less than a week after the exclusivity deal was announced....

Manulife-Loblaw deal raises questions over ties between insurance companies, big drug retailers

Manulife-Loblaw deal raises questions over ties between insurance companies, big drug retailers

31 January 2024

Manulife says its coverage of certain specialty prescription drugs will only apply at Loblaw-owned pharmacies, raising questions over the relationship between insurance providers and major pharmacy retailers....

Pickleball: the latest tenant to volley its way into old shopping malls

Pickleball: the latest tenant to volley its way into old shopping malls

29 January 2024

Growing popularity of the paddle sport leads to unique locations of play...