CBC - Business (3 days ago)
The ongoing war in Iran and the closure of the Strait of Hormuz are impacting Canadian pocketbooks in ways we might not expect. Experts warn Canadian homeowners facing mortgage renewals that rates are going up, despite the Bank of Canada holding its key interest rate for months.
ReadCBC - Business (4 days ago)
In some cars, a wiring issue with the seatbelt may cause the seatbelt indicator to say the belt in the third-row driver's side seat is buckled, even when it's not. Hyundai says it will notify affected drivers in writing, though drivers can also check if they are impacted by the recall online.
ReadCBC - Business (6 days ago)
If your dog goes crazy every time the mail delivery person shows up at your door, you may be relieved to know that it soon may no longer be a problem. But beyond that, a lot of people are uncertain what the pending demise of door-to-door mail delivery means for them.
ReadCBC - Business (6 days ago)
President Donald Trump has been pressuring U.S. oil and gas executives to invest in Venezuela's energy sector, nearly three months after the toppling of former president Nicolás Maduro, as the country is said to have the largest crude oil reserves in the world.
ReadCBC - Business (A week ago)
Air Canada CEO Michael Rousseau will retire sometime in the fall after nearly two decades with the airline, it said on Monday, a week after he made headlines by issuing an English-only message of condolence following the crash of Flight 8646 in New York.
ReadCBC - Business (A week ago)
Companies have been keen to jump on the AI bandwagon in the last year, unveiling new AI features that promise to help users level up their dating game. But some users, particularly women, say it's making it more difficult to tell fact from fiction, and making the quest for love more difficult.
ReadCBC - Business (2 weeks ago)
CoolIT Systems, a specialist in liquid cooling for AI data centres, is set to be acquired by U.S. company Ecolab for $4.75 billion US, in what's being called one of the city's biggest tech deals of all time. As part of the acquisition, the company's 650 employees will receive substantial cash payouts.
ReadCBC - Business (2 weeks ago)
Tech journalist Karen Hao, who once worked in Silicon Valley as an engineer, is sounding the alarm on holding AI giants accountable. She argues people need to push back against massive companies that are 'consolidating a historic amount of economic and political power, terraforming our earth, reshaping our geopolitics' as well as our lives and...
ReadCBC - Business (2 weeks ago)
In their lawsuit, Anthropic accused the government of violating its rights when U.S. Secretary of War Pete Hegseth designated Anthropic a national security supply-chain risk. The judge's decision is the latest in the saga between the AI company and the government over how Anthropic's technology can be used for defence purposes.
ReadCBC - Business (2 weeks ago)
A U.S. judge on Thursday dismissed X Corp.'s antitrust lawsuit that accused the World Federation of Advertisers and major companies including Mars, CVS Health and Colgate-Palmolive of illegally boycotting billionaire entrepreneur Elon Musk's social media company.
ReadCBC - Business (2 weeks ago)
OpenAI has decided to scrap Sora, its app that generated videos based on user prompts. The move reveals that the company, once the disruptor-in-chief of the AI world, is now facing something of an identity crisis as it struggles to pick a lane on the busy road to profitability.
ReadCBC - Business (2 weeks ago)
As of December, TD initially forecasted a 9.3 per cent year-over-year gain in home sales for 2026 as well as a 4.1 per cent increase in average home prices. The report says pent-up demand is taking longer than expected to return, but projects sales will rebound in 2027.
ReadCBC - Business (2 weeks ago)
The EU accused Pornhub, Stripchat, XNXX and XVideos of breaching rules by letting children access pornographic content on their sites. Companies can be fined as much as six per cent of their global annual turnover if found guilty of Digital Services Act breaches.
ReadCBC - Business (2 weeks ago)
For 26 days, oil shipments out of the Persian Gulf have stopped. But ships that made it out before the war started have been at sea delivering energy products to markets that ordered them. The last of those ships should dock in the next week setting off a whole new crisis in global energy markets.
ReadCBC - Business (2 weeks ago)
Though oil and gas industry executives at CERAWeek, a global energy conference in Houston, welcomed Natural Resources Minister Tim Hodgson's enthusiasm, they still say they want to see considerable action before they can be sure Canada's federal government is serious about changing the country's reputation as being reluctant to expand the energy...
ReadCBC - Business (2 weeks ago)
OpenAI is shutting down its social media app Sora, which went viral last fall as a place to share short-form videos generated by artificial intelligence, but also raised alarms in Hollywood and beyond about the dangers of letting people create AI videos that resulted in nonconsensual images and realistic deepfakes.
ReadCBC - Business (2 weeks ago)
The first set of deadlines included in the energy and climate deal struck between Prime Minister Mark Carney and Alberta Premier Danielle Smith are not expected to be met, showing early challenges with the agreement that includes pursuing a new export pipeline from Alberta to the West Coast.
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