CBC - Business (2 weeks ago)
Microsoft said on Monday it would cut 4,800 jobs, or about 2.1 per cent of its global workforce, including overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns after years of heavy investment in the division.
ReadCBC - Business (2 weeks ago)
Air Canada is once again scaling back flights to the U.S. amid high jet fuel costs and lower demand for trips south of the border. Air Canada, WestJet and Air Transat all made cuts to their summer flight capacity to the U.S. earlier this year as the Iran war sent jet fuel prices soaring.
ReadCBC - Business (2 weeks ago)
The deal to buy the remaining 25 per cent stake in Maple Leaf Sports & Entertainment from Kilmer Sports Inc. means Rogers will own the Raptors, Leafs, Toronto FC, Argos, Marlies and Scotiabank Arena — plus the Blue Jays, Rogers Centre and Sportsnet, which it already owned. While the deal cements the company's dominance of Toronto sports, experts...
ReadCBC - Business (3 weeks ago)
Canada's ambitious new nuclear strategy has called for private investment to help expand the industry. Given that nuclear power plants are notoriously expensive to build, the government will have to heavily de-risk the ventures to attract large investors, like pension funds.
ReadCBC - Business (3 weeks ago)
The U.S. envoy to Canada says 14 months of trade talk between Canada and the Trump administration has resolved few issues. But Pete Hoekstra insists the Americans will keep talking in the hopes of striking an agreement on the future of CUSMA, as well as settling other issues.
ReadCBC - Business (3 weeks ago)
Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer. The 932-megawatt plant would be built in Sturgeon County, part of Alberta's Industrial Heartland region north of Edmonton.
ReadCBC - Business (3 weeks ago)
WhatsApp users will soon get the option of going by usernames instead of phone numbers, the company said Monday, announcing plans to address a privacy blind spot. WhatsApp, which says it has more than 3 billion users globally, has until now allowed users to be contacted by anyone who has their phone number.
ReadCBC - Business (3 weeks ago)
Canada's economy showed signs of rebounding by growing 0.5 per cent in April, reversing months of slow and negative economic growth. Real gross domestic product is up half a percentage point largely because of growth in the mining, quarrying, and oil and gas extraction sectors, Statistics Canada said in its latest report, released Tuesday.
ReadCBC - Business (3 weeks ago)
As of July, some benefits that were previously mandatory under standard car insurance policies will be optional. This could drop the cost of premiums for customers who opt out of certain coverages, but insurance experts warn against leaving coverage exposed to risk.
ReadCBC - Business (4 weeks ago)
A facility near Cobalt, Ont., has been tapped to be the home of North America's first battery-grade cobalt refinery. Projected to be fully operational by late 2027, the plant will import and process mined cobalt — experts say it could bring Canada into an industry dominated by China.
ReadCBC - Business (4 weeks ago)
OpenAI says its new AI product, called GPT-5.6 Sol, will only be initially available to a "small group of trusted partners" approved by the Trump administration. The move comes after OpenAI's rival, Anthropic, took two of its models offline shortly after release to comply with a Trump directive.
ReadCBC - Business (4 weeks ago)
The Danish brand that sells all-things cheap and cute, like dish towels in fruit motifs, animal-shaped erasers and jewelry boxes resembling fancy sofas for low prices, opened its first Canadian store at Toronto's Eaton Centre on Friday. Experts say the brand will face competition from the likes of Miniso and Daiso — Asian entrants which also came...
ReadCBC - Business (4 weeks ago)
People need affordable homes, and thousands of empty condos in British Columbia are waiting to be sold. The federal government has an idea to help with both: Prime Minister Mark Carney is partnering with the B.C. government to convert vacant condos into affordable housing units.
ReadCBC - Business (A month ago)
A Montreal couple was confused and upset after they rebooked their Air Canada flight to take advantage of a new sale, and the rebooked tickets cost slightly more. Dynamic pricing, which can cause base fares to fluctuate, was partly to blame. Some experts are calling for more transparency when companies use dynamic pricing during a discount...
ReadCBC - Business (A month ago)
Across the United States, fast food chains are turning to AI to run their drive-thru counters - and Canada could be next. Companies say the technology now has higher accuracy than human employees - and some labour organizers worry it could displace fast food workers.
ReadCBC - Business (A month ago)
EV sales are up 20.8 per cent in the first four months of 2026 compared to the same time in 2025. For cost-conscious car shoppers, industry analysts say sky-high gas prices and revived government incentives are making zero-emission vehicles a more attractive option.
ReadCBC - Business (A month ago)
Alberta's plan to introduce Canada's first recycling fee on solar panels is drawing criticism from the renewable energy industry. Sector leaders argue the $14 charge per panel is disproportionately high and could discourage investment in what was once the country's hottest green energy market.
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