Business News

B.C. sees record-low mortgages in arrears

Jun 29, 2022 / 10:35 am

Despite fears of rising interest rates and worsening affordability in the residential market, statistics from the Canadian Bankers Association indicates that...

Couche-Tard says inflation may be contributing to rise in cigarette smuggling

Jun 29, 2022 / 9:51 am

Alimentation Couche-Tard Inc. suspects that the rising cost of living may have contributed to a surge in cigarette smuggling into Canada. The Quebec-based...

Facility able to manufacture millions of COVID-19 vaccines opens in Saskatoon

Jun 29, 2022 / 9:25 am

A centre that can develop up to 40 million doses of COVID-19 vaccines a year has opened in Saskatoon, and officials say it may soon export vaccines throughout...

More than half of domestic flights to large airports delayed, cancelled

Jun 29, 2022 / 9:20 am

An analytics firm says a majority of domestic flights to some of Canada's busiest airports were delayed or cancelled over the past week. Data Wazo says 54...

IBM Canada promises 250 tech jobs for Calgary with creation of innovation centre

Jun 29, 2022 / 9:13 am

IBM Canada says it will establish a new Client Innovation Centre for Western Canada in downtown Calgary. The company says its announcement will create 250 new...

S&P/TSX composite down nearly 200 points in late-morning trading, U.S. markets mixed

Jun 29, 2022 / 9:05 am

Canada's main stock index was down nearly 200 points in late-morning trading amid losses in the energy, base metal and technology sectors, while U.S. stock...

Corus Entertainment reports Q3 profit down from year ago, revenue up eight per cent

Jun 29, 2022 / 7:08 am

Corus Entertainment Inc. reported its third-quarter profit fell compared with a year ago as its revenue grew eight per cent. The television and radio...

EU proposes ban on flavored heated tobacco products

Jun 29, 2022 / 7:06 am

The European Union’s executive branch proposed Wednesday a ban on the sale of flavored heated tobacco products, including some vaping items, as part of...

US economy slipped 1.6% to start year; return to growth eyed

Jun 29, 2022 / 7:03 am

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous...

FTC sues Walmart for scammers' use of money transfer unit

Jun 28, 2022 / 5:55 pm

The Federal Trade Commission said Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole...

Survey finds nearly one-quarter of young Canadians have given up on saving for the future

Jun 28, 2022 / 4:03 pm

A new survey finds nearly one-quarter of young Canadians have given up on saving for the future. The Economic Future Survey by insolvency trustees...

Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9 billion

Jun 28, 2022 / 3:25 pm

Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta...

BC's GDP growth to shrink in half as inflation, labour woes take toll

Jun 28, 2022 / 10:19 am

B.C. won’t be able to escape the effects of record inflation, rapid rate-hikes and acute labour shortages in the coming year, according to Deloitte...

Fairmont Vancouver Airport Hotel ranked best in North America

Jun 28, 2022 / 10:03 am

Vancouver Airport may have dropped to second place in Skytrax’s ranking of North American airports, but in the “airport hotels” category, the...

Teck Resources announces carbon capture pilot project in Trail

Jun 28, 2022 / 8:56 am

Teck Resources Ltd. has announced a carbon capture utilization and storage pilot project at its operations in Trail. The plant will capture three tonnes per day...

US consumer confidence tested as economic anxiety grows

Jun 28, 2022 / 7:40 am

U.S. consumers were less confident again in June as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the...

Scotiabank pausing Hockey Canada sponsorship over sport culture

Jun 28, 2022 / 7:37 am

Scotiabank says it is pausing its sponsorship of Hockey Canada. The longtime sponsor says the pause will last until the bank is confident the right steps are...

Interest rates sending shivers through BC real estate market

Jun 28, 2022 / 7:13 am

A wintry summer is brewing for B.C.’s real estate market with soaring interest rates drastically reducing buyer purchasing power while sellers clamber for...

Half of British Columbians support pet-friendly workplaces

Jun 27, 2022 / 10:08 am

As the nation's workplace model shifted from remote to in-person, more Canadians are leaving their pandemic pets at home and returning to the office. But,...

Customs officer union demands more hires as travel turbulence continues

Jun 27, 2022 / 9:46 am

The union representing customs officers says the Canada Border Services Agency is not moving fast enough to fill vacancies that have contributed to slowed...