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Updated: 1 hour 42 min ago

U.S. central bank pumps the brakes on rate hikes, too

7 hours 4 min ago

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.

Bank of Canada holds benchmark interest rate steady again

11 hours 43 min ago

The Bank of Canada has decided not to raise its benchmark interest rate just yet.

Are grocery stores running out of food? Here's what's really going on

17 hours 54 min ago

The state of Canadian grocery store shelves has become something of a national obsession in recent weeks. While it's misleading to suggest the country is somehow running out of food, there are a lot of empty shelves right now. Here's why consumers should expect that to continue for a while yet.

Wednesday's double-barrelled attack on inflation may fall short as markets gyrate

Tue, 01/25/2022 - 01:00

A quarter-point rate hike seems like it would make such little difference. But signs of alarm in the world of finance shows why Jerome Powell and Tiff Macklem have been so reluctant to pull the trigger.

Stocks sell off as wave of fear and worry washes over markets again

Mon, 01/24/2022 - 11:09

Stock markets slumped further into the red on Monday, as investors were washed over by a wave of fear and uncertainty about what could be coming to the global economy.

Hundreds of thousands of Canadians are travelling abroad despite Omicron

Sun, 01/23/2022 - 01:00

Statistics Canada tallied more than 700,000 Canadian air passenger arrivals returning home from abroad in December despite Omicron's spread and Canada's advisory against international travel abroad.

Netflix price hike amid slowing customer growth has many wondering: Are we streamed out?

Sat, 01/22/2022 - 01:00

The cost and convenience of streaming services like Netflix prompted millions to cut the cable TV cord in recent years. But with costs creeping higher and most households subscribing to more than one service, the explosive growth has slowed to a crawl, prompting some to wonder if the streaming party may be fizzling out.

Peloton stock derails on report that user growth has hits the brakes

Fri, 01/21/2022 - 06:47

Peloton Interactive Inc.'s chief executive said on Thursday the company was reviewing the size of its workforce and "resetting" production levels, following a report earlier in the day that it was temporarily halting production of connected fitness bikes and treadmills after a significant drop in demand.

Scientists want Ottawa to scrap carbon capture tax credit

Thu, 01/20/2022 - 08:32

More than 400 Canadian climate scientists and other academics are pleading with Finance Minister Chrystia Freeland to scrap her plan to create a tax credit for companies that build carbon capture and storage facilities.

The shorter work week: An idea whose time has finally come

Thu, 01/20/2022 - 01:00

A substantial hours reduction would benefit not just workers themselves but their families, who would then have more time with their parents or spouses.

Oil producers are flush with cash. Now what will they do with it?

Thu, 01/20/2022 - 01:00

Spending plans are up this year in the oilpatch — but they won't rise near the levels seen earlier in the last decade.

Canada's inflation rate rises to new 30-year high of 4.8%

Wed, 01/19/2022 - 05:42

The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991.

Microsoft to buy game giant Activision Blizzard for $68B US

Tue, 01/18/2022 - 07:46

Microsoft is buying the gaming company Activision Blizzard for $68.7 billion US, gaining access to blockbuster games like Call of Duty and Candy Crush.

Some Canadian travellers want to know why those entering from the U.S. face less stringent rules

Tue, 01/18/2022 - 01:00

Some Canadian travellers required to spend days in isolation waiting for COVID-19 test results after arriving in the country from abroad want to know why Ottawa allows people coming in from the U.S. to skip quarantine. 

Few signs of labour union resurgence, despite rising prices and worker shortages

Tue, 01/18/2022 - 01:00

As Canada waits for its latest inflation figures, so far there are few signs that Canadians are turning to labour unions to fight for better wages and working conditions. Experts aren't sure why, but indications are workers are taking individual — rather than collective — action as Canada faces the "great attrition."

Airlines seek end to mandatory COVID-19 testing of vaccinated passengers on arrival

Mon, 01/17/2022 - 12:10

Canada's largest airlines and its busiest airport asked the federal government Monday to drop its rule requiring vaccinated travellers to test on arrival for COVID-19.

House Price Index rose 26% in 2021, fastest pace on record

Mon, 01/17/2022 - 06:27

The Canadian Real Estate Association's House Price Index rose at the fastest annual pace of gain on record last year, with the average selling price in December topping $713,000.

Sharing salary information can narrow wage gaps — but studies show more equality can mean less pay

Mon, 01/17/2022 - 01:00

Pay transparency is the practice of making salary information more public in order to try and close wage gaps. But experts say it might not make compensation more equal without negotiating power such as unionization, and can actually lower your pay.

Return of hero pay long overdue, frazzled grocery workers say

Fri, 01/14/2022 - 12:36

Retail workers say the refusal by Canada's grocers to reinstate "hero pay" has left them feeling forgotten and unappreciated as the Omicron wave leaves many stores short-staffed and shoppers stocking up.

U.S. judge orders 'Pharma Bro' Martin Shkreli pay back $64M, bars him from drug industry

Fri, 01/14/2022 - 12:36

Martin Shkreli must return $64.6 million US in profits he and his former company reaped from raising the price of the life-saving drug Daraprim, a federal judge ruled Friday while Shkreli from participating in the pharmaceutical industry for the rest of his life.

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