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Updated: 30 min 47 sec ago

Ontario business owner says she got 'zero' provincial COVID-19 money, calls for simpler process

Thu, 06/24/2021 - 11:36

The owner of Wylde Rose Soaps joined Ontario NDP Leader Andrea Horwath in calling for a better process in getting applications in for small business grants.

Canada Goose says it will no longer use fur in its products

Thu, 06/24/2021 - 09:43

Luxury parka maker Canada Goose said on Thursday it would stop making its products with fur by the end of 2022. The move comes after years of backlash over its use of coyote fur.

World's central banks launch new campaign against cryptocurrencies

Thu, 06/24/2021 - 01:00

Cryptocurrency speculators have gone through trying times as bitcoin plunged below $30,000 US this week, halving its $63,000 high. There are signs central banks may be ready to kick crypto while it's down.

Indigenous businesses faced barriers accessing COVID-19 relief programs, survey finds

Thu, 06/24/2021 - 01:00

Like businesses across the country, many Indigenous-led companies needed financial help during the pandemic. But many struggled to access support programs like the wage subsidy because of the way those programs were set up.

Warren Buffett resigns from Gates Foundation

Wed, 06/23/2021 - 14:50

Warren Buffett is resigning as a trustee from the Bill and Melinda Gates Foundation. The announcement comes weeks after the couple announced they were divorcing after 27 years of marriage but would continue to jointly run the foundation, one of the largest charitable foundations in the world.

Antivirus software creator John McAfee found dead in Spanish jail

Wed, 06/23/2021 - 13:15

John McAfee, the creator of the McAfee antivirus software, has been found dead in his cell in a jail near Barcelona, a government official told The Associated Press on Wednesday.

Lego eyes making bricks out of recycled plastic bottles

Wed, 06/23/2021 - 10:34

Danish toymaker Lego has presented its first building bricks made out of recycled drinks bottles — an experimental project that if successful could eventually go into production.

Retailers not out of the COVID-19 woods yet as sales plunged in April and May

Wed, 06/23/2021 - 07:11

Retail sales fell by almost six per cent in April, the biggest slump in a year, as the third wave of COVID-19 across Canada closed stores and kept shoppers' wallets tightly shut.

Torstar's new owners are selling off parts of the company — for more than they paid for the whole thing

Mon, 06/21/2021 - 12:06

The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of a digital publishing subsidiary values the company at almost $400 million.

Average Canadian saved more than $5K in the pandemic. Is a spending bonanza coming?

Mon, 06/21/2021 - 01:00

Despite the turmoil caused by COVID-19, Canadians are sitting on record levels of savings. And the majority of it is accessible with the simple swipe of a bank card.

Company recalls some Linessa 21 birth control pills due to missing, mispackaged tablets

Sun, 06/20/2021 - 12:18

Aspen Pharmacare Canada is recalling one lot of Linessa 21, a prescription birth control pill, due to missing and mispackaged pills, Health Canada said in an alert.

Hidden chemicals found in makeup; Canada's rising inflation rate: CBC's Marketplace Cheat Sheet

Sun, 06/20/2021 - 06:00

CBC's Marketplace rounds up the consumer and health news you need from the week.

Want to buy property but don't have a down payment? 'Fractional ownership' may be the ticket

Sun, 06/20/2021 - 01:00

With home prices beyond reach for many Canadians and direct investment in commercial real estate also largely inaccessible, two companies in Canada are offering a way to get in on the action.

Should you take advantage of employer's offer to work from home? Some say it could be a career-limiting move

Sat, 06/19/2021 - 01:00

More and more firms are offering employees a hybrid work environment, where staff can divide their weekdays between the office and working at home. But is there a penalty to be paid in terms of your career if you opt to stay in your loungewear two or three times a week?

Canadians now owe almost $2 trillion on their homes — a new record

Fri, 06/18/2021 - 11:46

Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion, according to Statistics Canada.

Brookfield sweetens bid for Inter Pipeline with all-cash offer

Fri, 06/18/2021 - 06:18

Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire.

Bank regulator OSFI to hike capital stability buffer, a sign of confidence in economic recovery from COVID-19

Fri, 06/18/2021 - 06:05

Canada's federal banking regulator will increase the domestic stability buffer for big banks to 2.5 per cent from one per cent later this year, as the COVID-19 pandemic continues to subside.

Delivery-app drivers and other gig workers fear loss of income as restaurants, stores reopen

Fri, 06/18/2021 - 02:00

Meal and grocery couriers in New Brunswick are concerned about how reopening after COVID-19 will affect their income.

Outrage over developer's plan to buy single-family homes reveals a Canadian fixation

Fri, 06/18/2021 - 01:00

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.

Grassy Mountain coal project 'not in the public interest,' Alberta review panel says

Thu, 06/17/2021 - 14:39

A review panel for the Alberta Energy Regulator has denied the provincial application for the Grassy Mountain coal project, ruling that the project is "not in the public interest."


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