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The real winners of Thursday's CRTC decision? Canada's telecom companies

CBC Business News - 9 hours 34 min ago

Some telecommunications analysts and consumer advocates say the country's regional wireless and internet carriers will benefit the most from a landmark regulatory ruling Thursday by the CRTC.

More than 200 travellers fined for refusing to quarantine in hotels after landing in Canada

CBC Business News - 17 hours 34 min ago

As of March 30, 219 tickets have been issued to air passengers entering Canada who refused to quarantine at a designated hotel. Some travellers say they defied the rules because they felt it was safer to quarantine at home.

CRTC to allow small wireless carriers to piggyback on Big 3 networks

CBC Business News - Thu, 04/15/2021 - 13:32

Canada's telecom regulator is opening the door a crack to more wireless competition, by allowing a few small wireless carriers known as Mobile Virtual Network Operators to launch wireless services piggybacking on the networks of established players.

Average price of Canadian home rising at fastest annual pace ever, now up to $716,828

CBC Business News - Thu, 04/15/2021 - 06:58

Canada's red-hot housing market continues to defy expectations, with sales in March up 70 per cent compared to a year ago and average prices up by more than 30 per cent.

Aphria shareholders give green light to merger with Tilray

CBC Business News - Thu, 04/15/2021 - 04:25

Leamington, Ont.-based Aphria did not immediately announce how many shareholders voted in favour of the deal, but said more than 65,000 shareholders and proxy voters were represented at the meeting.

A wave of electricity storage projects is coming to Alberta and could be the linchpin for more renewables

CBC Business News - Thu, 04/15/2021 - 01:00

Some are hailing the nascent technology as game-changing for the renewable energy sector, offering intermittent wind and solar power a consistent low-carbon backup. However, the impact of storage projects to encourage more renewables, and provide other benefits, may be limited by just how much power they can hold. 

Cryptocurrency exchange Coinbase goes public in march toward the mainstream

CBC Business News - Wed, 04/14/2021 - 14:55

Coinbase shares jumped Wednesday in the latest sign of a surge in interest and trading of bitcoin and other digital currencies, with the exchange valued at almost $100 billion US in its Nasdaq debut.

Canada imported less oil in 2020, but U.S. grew its percentage of import market during pandemic

CBC Business News - Wed, 04/14/2021 - 06:00

The United States further cemented itself as the top supplier of oil imports to Canada last year, even as the amount of crude that Canada imported plunged by 20 per cent amidst the pandemic's economic fallout.

Airline deal means taxpayers once again take a risk on corporate Canada

CBC Business News - Wed, 04/14/2021 - 01:00

Wily negotiations by former business boss Michael Sabia mean Canadian taxpayers may actually profit from Ottawa's roughly $6 billion bailout of Air Canada.

How pandemic-grounded Air Canada customers can get their money back

CBC Business News - Tue, 04/13/2021 - 14:27

Air Canada has started offering refunds to customers who bought tickets for flights and vacations they didn't take as a result of the coronavirus pandemic. Here's what you need to know.

London, Ont., meat plant shut for 2 weeks amid COVID-19 outbreak affecting 82 workers

CBC Business News - Tue, 04/13/2021 - 13:10

A London, Ont., meat-processing plant with 900 employees has been shut down temporarily to deal with a growing COVID-19 outbreak that has seen the number of active cases hit 82.  

W. Galen Weston has died, aged 80

CBC Business News - Tue, 04/13/2021 - 11:35

W. Galen Weston, the patriarch of the Weston retail empire that owns Loblaws and other holdings, has died at the age of 80.

Ship stuck in Suez Canal forbidden from leaving Egypt until $900M bill is paid

CBC Business News - Tue, 04/13/2021 - 09:17

Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday.

Passenger rebate program part of Ottawa's financial relief deal with Air Canada: sources

CBC Business News - Mon, 04/12/2021 - 13:55

The federal government has reached an agreement with Air Canada that will provide the pandemic-battered airline with financial support in exchange for refunds to customers who had their flights cancelled last year because of the COVID-19 pandemic.

New York state pension fund says it's selling off a $7M stake in oilsands

CBC Business News - Mon, 04/12/2021 - 10:05

New York's multi-billion-dollar government-run pension fund announced today that it's pulling investments worth more than $7 million out of some of Canada's major players in the oilsands.

Salesforce will start letting vaccinated employees go back into the office

CBC Business News - Mon, 04/12/2021 - 08:07

Salesforce.com said it would start allowing vaccinated employees to return to some of its offices, making it one of the first major U.S. corporations to give vaccinated workers preferential treatment over those who have not taken the shot.

How COVID-19 created a buyer's market for office space

CBC Business News - Mon, 04/12/2021 - 07:10

A number of growing companies are searching for new offices even as the pandemic has forced closures and downsizing elsewhere.

First Nations proposing new energy corridor in Western Canada

CBC Business News - Mon, 04/12/2021 - 01:00

First Nations leaders in Western Canada are proposing a corridor for transporting commodities from the region and — possibly — to the West Coast.

Canadians should expect 'significant' move in budget for child care, early education: LeBlanc

CBC Business News - Sun, 04/11/2021 - 09:36

Access to national early learning programs and child care have become an “economic imperative” and Canadians should expect a “significant” announcement in the forthcoming federal budget, said Intergovernmental Affairs Minister Dominic LeBlanc.  

U.S. taxi services see business boost helping Canadians avoid hotel quarantine

CBC Business News - Sat, 04/10/2021 - 01:00

Several U.S. airport transport services say they're seeing a boost in business by driving Canadian snowbirds across the U.S.-Canada land border so they can avoid hotel quarantine requirements.

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