CBC - Business (A day ago)
Cost of gasoline was 28.6 per cent higher in April year-over-year, helping boost overall inflation, while the pace of inflation slowed for other costs like rent and food. Economists noted that core measures of inflation that strip out more volatile prices have risen at a much slower clip.
ReadCBC - Business (2 days ago)
Elon Musk, the world's richest person, has accused OpenAI CEO Sam Altman of "stealing" a "charity" and is calling for his ouster from the company's leadership. A parade of wealthy Silicon Valley figures have taken the witness stand over the past several weeks, while protesters outside the courthouse took aim at both sides.
ReadCBC - Business (6 days ago)
Honda has indefinitely suspended its plans for a $15-billion electric vehicle complex in Ontario, as it pivots away from EVs and toward hybrids. The move comes as the automaker posted its first full-year loss ever to the tune of $3.68 billion, in large part due to lower EV demand.
ReadCBC - Business (A week ago)
Canada wants to build data centres that are not just physically located here, but controlled here — a distinction experts say could determine whether the country can reduce its dependence on U.S. tech giants and keep Canadian data subject to Canadian rules.
ReadCBC - Business (A week ago)
Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator. The company says it completed the acquisition Tuesday for $5.3 billion including closing adjustments.
ReadCBC - Business (A week ago)
GameStop CEO Ryan Cohen has argued that by combining GameStop and eBay, he could cut costs and find synergies to create a much bigger enterprise. But analysts and investors had wondered whether the offer by GameStop, which is much smaller than the company its trying to buy, stood a chance.
ReadCBC - Business (A week ago)
Between some provinces not selling American alcohol — part of the response to the trade war started by the U.S. — and consumers choosing not to buy it, the actions have been "devastating," says the CEO of the Distilled Spirits Council of the United States.
ReadCBC - Business (A week ago)
Spring seeding is underway and as farmers spend long hours in the tractor planting their crops, they're facing hefty increases to the cost of fuel and diesel. They're already concerned about the 2027 crop year year too, since many will be making those large fuel and fertilizer purchases in the months ahead.
ReadCBC - Business (2 weeks ago)
In an internal note obtained by CBC News, Bell said it investigated and terminated an undisclosed number of employees for "misrepresenting their presence in the workplace." But several fired employees, and the lawyer representing them, say they believe the employees were actually fired for economic reasons, rather than misconduct.
ReadCBC - Business (2 weeks ago)
The United States on Thursday imposed financial sanctions on a sprawling business conglomerate run by Cuba's military and a Cuban-Canadian mining joint venture, as the Trump administration ramps up pressure on the island's communist leaders by targeting sources of foreign investment.
ReadCBC - Business (2 weeks ago)
Japanese news media reported that Honda Motor plans to indefinitely halt the development of its $15-billion electric vehicle complex in Canada, though Honda Canada said they had nothing to report at this time. Ottawa acknowledged automakers face "significant challenges," but did not say whether the company had updated them on those plans.
ReadCBC - Business (2 weeks ago)
Oil prices briefly fell under $100 US on Wednesday on hopes that Iran and the U.S. could make a peace deal, before rising again just over that mark. International markets soared and Wall Street posted more gains, with the S&P 500 and Nasdaq both reaching new highs.
ReadCBC - Business (2 weeks ago)
While restaurants of all kinds are feeling pinched, quick-service restaurants are getting hit harder than higher-end ones, according to a report from Restaurants Canada. It's a signal of a K-shaped economy, where those with the most money can still shell out for a nice meal, but those with lower incomes have no option but to cut back.
ReadCBC - Business (2 weeks ago)
Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X. A trust in Musk's name will pay a $1.5 million US fine.
ReadCBC - Business (2 weeks ago)
Canada had a $1.78 billion trade surplus in March, compared with a $5.11 billion deficit in the prior month. It was the first time in six months that the country exported more than it imported, thanks in large part to higher oil prices because of the war in Iran.
ReadCBC - Business (2 weeks ago)
Ekati Diamond Mine's parent company has filed for creditor protection. It says global events caused the gem's prices to fall by more than 70 per cent within a year. The filings put at risk hundreds of jobs and millions of dollars in promised payments to Indigenous communities.
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