Winnipeg 15℃Business News
Canadian Taylor Swift fans are flying to Europe for cheaper concert tickets
News | Fri, 17 May 2024 04:00:00 EDTCanadian fans are tallying up the cost of a flight, hotel and ticket, and are finding that travelling to Europe to see Taylor Swift in concert may be better bang for their buck than seeing the show on Canadian soil. read more
Quebec to force gas stations to report their prices. Will it lower fuel costs?
News/Canada/Montreal | Fri, 17 May 2024 12:35:29 EDTQuebec will abolish a floor on gas prices and institue a price registry to try to improve the competitiveness of the fuel market. read more
Minister suggests Canada is considering tariffs on Chinese EVs following U.S. move
News/Politics | Fri, 17 May 2024 14:57:13 EDTCanada’s industry minister says Ottawa is “considering all measures” after the U.S. announced it would be hiking tariffs on Chinese electric vehicles and other related goods. read more
Loblaw agrees to sign grocery code of conduct — but only if competitors do
News/Business | Thu, 16 May 2024 14:00:36 EDTLoblaw Companies Ltd. says it's ready to sign on to the grocery code of conduct as long as other industry players do, too, paving the way for an agreement that's been years in the making. read more
Customers are fed up with anti-theft measures at stores. Retailers say organized crime is to blame
News/Business | Thu, 16 May 2024 04:00:00 EDTSome retailers are beefing up anti-theft measures, such as locking the wheels on shopping carts, that have raised the ire of shoppers. Loblaw and an industry group says retailers are fighting a rise in organized crime. read more
Olive oil is how much now? Prices jump — again — amid worldwide shortage
News/Business | Thu, 16 May 2024 04:00:00 EDTShoppers may find themselves doing a double take in the olive oil section of their local grocery stores these days as industry analysts say prices have reached a record high. read more
As AI becomes more human-like, experts warn users must think more critically about its responses
News/Business | Wed, 15 May 2024 04:00:00 EDTCompanies like OpenAI and Google are trying to dominate the quickly emerging market for AI systems where people can ask questions of a computer — and get answers in the style of a human. But experts warn this could mean users must be more careful to verify the accuracy of AI responses. read more
Home sales and new home construction both drop in April
News/Business | Wed, 15 May 2024 11:25:16 EDTThe annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to the Canadian Real Estate Association and the Canada Mortgage and Housing Corporation. read more
Boeing could be criminally charged, U.S. Justice Dept. suggests in court filing
News/Business | Wed, 15 May 2024 07:19:42 EDTBoeing has violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft more than five years ago, the Justice Department told a federal judge on Tuesday. read more
Frito Lay Canada recalls 2 of its most popular snacks for possible salmonella contamination
News/Canada | Tue, 14 May 2024 08:42:32 EDTFrito Lay Canada is recalling two of its most popular snacks due to a possible risk of salmonella contamination. read more
U.S. raises tariffs significantly on EVs, other goods from China
News/Business | Tue, 14 May 2024 09:47:31 EDTThe U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies. read more
A 1st in Canada, $1.6B EV battery separator plant to open in Port Colborne, Ont., in 2027
News/Canada/Hamilton | Tue, 14 May 2024 17:07:31 EDTA small city nestled in southern Ontario's Niagara Region will be home to a new $1.6-billion electric vehicle battery plant. Politicians at the announcement on Tuesday didn't say how many jobs the plant will produce or who will get them. read more
OpenAI previews chatbot with real-time voice capabilities
News/Business | Tue, 14 May 2024 07:49:07 EDTChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology. read more
Luxury retailer Ted Baker begins store-closing liquidation sales
News/Business | Mon, 13 May 2024 14:33:21 EDTClothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. read more
'Roaring Kitty' returns, sending meme stocks like GameStop surging once again
News/Business | Mon, 13 May 2024 16:47:21 EDTThe man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher on Monday. read more
Melinda French Gates steps down from charitable foundation that bears her name
News/World | Mon, 13 May 2024 13:10:36 EDTMelinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation, one of the largest private charitable organizations in the world. read more
Billionaire businessman Arthur Irving dead at 93
News/Canada/New Brunswick | Mon, 13 May 2024 13:20:18 EDTArthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93. read more
Canada's next EV supply chain plant landing in Port Colborne, Ont.
News/Politics | Mon, 13 May 2024 11:21:34 EDTThe next Ontario community to share in Honda Canada's $15-billion investment to establish a Canadian electric vehicle supply chain will be Port Colborne, in Niagara Region. Company executives are expected to join Prime Minister Justin Trudeau and Ontario Premier Doug Ford at the official announcement on Tuesday. read more
Customer who filed complaint against TD Bank refuses to sign gag order to get compensation
News/Go Public | Mon, 13 May 2024 04:00:00 EDTAfter a Toronto-area man said he was misled about the perks of signing up for a TD Bank account, it offered compensation but insisted he sign a non-disclosure agreement to get the money. The increased use of NDAs is a worrisome trend that is stifling freedom of expression, says one legal expert. read more
Prominent charity serving Black business community paid $1.5M to 2 board members' companies, records show
News/Canada/Toronto | Mon, 13 May 2024 04:00:00 EDTSome members of a prominent charity for the Canadian Black business community are calling for its board of directors to resign and for a third-party audit after discovering the non-profit paid two former board members’ companies at least $1.5 million for services while they were on the board or CEO of the charity. The Black Business and Professional Association says it has committed to an independent review. read more
