CBC - Business (3 days ago)
Oil prices dropped back to where they were in the early days of the Iran war and U.S. stocks raced to another record Friday, after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.
ReadCBC - Business (4 days ago)
Canadian Real Estate Association has downgraded its housing market forecast following a jump in fixed mortgage rates and weaker than expected housing sales in the first three months of 2026. CREA had been forecasting higher sales, based on the idea that pent-up demand would emerge, especially from first-time buyers.
ReadCBC - Business (4 days ago)
The autonomous taxi operator Waymo appears to be taking steps to break into the Canadian market, eyeing Toronto as a new testing ground for its self-driving fleet. But it may face technological, political and environmental roadblocks — including the harsh reality of Canadian winters — as it seeks to expand north.
ReadCBC - Business (4 days ago)
The federal NDP introduced a motion on Wednesday to ban so-called surveillance pricing, where personal data is used to offer individual customers or groups of people different prices than others. While finding specific examples is difficult, critics argue it's a serious problem.
ReadCBC - Business (5 days ago)
At least four suppliers are adding fuel surcharges for deliveries of food to grocers, according to documents obtained by CBC News. While the costs are already affecting some sticker prices, some grocers say they're hesitant to increase prices too quickly.
ReadCBC - Business (A week ago)
Brent crude oil, the international standard, dropped back below $100 US a barrel on Monday, though its still up from roughly $70 per barrel before the war began in late February. The S&P 500, Dow Jones and NASDAQ all reversed their early losses to close up, as Wall Street holds out hope that a worst-case economic scenario can be avoided.
ReadCBC - Business (A week ago)
The recent cancelling of a horror novelist's book demonstrates the conundrum that literary professionals face as they comb through every pitch, query letter and manuscript lobbed their way: how do you separate the proverbial wheat from the AI-generated chaff, and what happens if you get it wrong?
ReadCBC - Business (2 weeks ago)
Amid a backlog of complaints in the Canadian Transport Agency's complaints system, Air Canada is piloting a new program that will outsource complaints to a third-party arbitrator. Experts say it's good Air Canada is trying to find a solution, but oversight will be needed to make sure the new system doesn't favour companies over consumers.
ReadCBC - Business (2 weeks 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 (2 weeks 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.
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