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Russian invasion piles on economic uncertainty in an already confusing time

Fri, 02/25/2022 - 01:00

Despite convincing warnings from the U.S. State Department and others in the know, the global economy — already reeling from the pandemic and its economic effects — is demonstrating new signs of the jitters.

Food waste ballooning your grocery bill? There's an app for that — several, in fact

Fri, 02/25/2022 - 01:00

A growing number of apps and other technologies have come to market in recent months to help connect shoppers with cheap food nearing their expiry date — which is a win for stores and their customers as high food prices continue to bite deep.

From energy to food prices and even inflation, here's how war in Ukraine could impact Canada's economy

Thu, 02/24/2022 - 12:59

It may be a world away and pale in comparison to the human toll, but Russia's decision to invade Ukrainian territory this week will have many direct and indirect impacts on Canada's economy.

International students in Metro Vancouver turn to food bank as prices keep climbing

Thu, 02/24/2022 - 05:00

Food insecurity is a growing issue for many international students as the prices for food, hosusing, tuition rise.

Here's how inflation works and what can be done about rising prices

Thu, 02/24/2022 - 01:00

As the COVID-19 pandemic has dragged on, so has high inflation, both in Canada and in other parts of the world. Here's how to make sense of it all.

Bankers and Black business owners to meet up at summit addressing systemic racism in banking

Thu, 02/24/2022 - 01:00

Many in the Black business community have experienced difficulties accessing funding from banks and overcoming the impacts of systemic racism. The problem has gained more attention in recent years, but progress on finding solutions isn't happening quickly enough for many entrepreneurs. A summit Thursday aims to change that.

Oil heads higher as Ukraine tensions escalate — price depends on what happens next

Wed, 02/23/2022 - 11:42

The potential for a war in eastern Europe has made energy prices volatile over investor fears that conflict between Russia and Ukraine could disrupt supplies.

Direct flights between Iqaluit and Toronto coming this summer

Wed, 02/23/2022 - 08:07

From June 3 to Sept. 30, travellers will be able to fly directly from Iqaluit to Toronto, and vice-versa, via Canadian North. The CEO of Travel Nunavut calls the news "huge."

More shoppers feeling inflation pressure look to dollar stores for deals, retail experts say

Wed, 02/23/2022 - 07:00

As inflation increases many Canadians’ expenses, retail and food industry experts say they expect more shoppers to flock to stores like Dollarama and Dollar Tree, the country’s two biggest dollar store chains.

As food prices soar, communities find innovative ways to feed more people

Wed, 02/23/2022 - 01:00

Rapidly rising food prices are putting a strain on household budgets, forcing more people to turn to their communities for their next meal, and grassroots groups are stepping up in new ways to help. 

Frito-Lay pauses shipments to Loblaw stores, cites rising costs of ingredients, packaging, transportation

Tue, 02/22/2022 - 10:41

One of Canada's biggest food manufacturers has halted shipments to the country's largest grocer in an extreme example of how inflation is impacting the food industry and driving a wedge between some retailers and suppliers.

Why economists say it's a bad idea to rely on a privately owned bridge for 25% of Canada's trade with U.S.

Tue, 02/22/2022 - 01:00

When the Ambassador Bridge — a key trade corridor between Windsor, Ont., and Detroit, Mich., — was gridlocked by protests earlier this month, it exposed a weak link in Canada's supply chain. Experts of all stripes agree it's risky for Canada to rely so much on a 92-year-old privately owned bridge.

Inflation biting into your grocery bill? Follow the food from farm to fork to see why

Tue, 02/22/2022 - 01:00

Canadians don't need to go any farther than their local green grocer for a reminder that food prices are going up. But a look at the long journey from farm to fork gives a better picture of why it's happening.

U.K., Germany target Russian banks, pipeline project over growing Ukraine crisis

Tue, 02/22/2022 - 00:46

Britain and Germany announced measures against Russia on Tuesday, a day after President Vladimir Putin formally recognized two breakaway regions in Eastern Ukraine, escalating a security crisis on the European continent.

South Asian truckers say protest convoys didn't resonate with them, caused financial losses

Mon, 02/21/2022 - 10:40

Frustration and disgust at the recent blockades and encampments in Ottawa and elsewhere may be the final straw for truck drivers like Nihal Singh, atop concerns ranging from wages and road safety to social isolation and exhausting working conditions.

Everything inflation: It's not just gas and food anymore — and wages aren't keeping up

Mon, 02/21/2022 - 01:00

New figures out last week show that rather than a few individual products, inflation has become general, leaving Canadian wage-earners at a disadvantage. Some fear the rise in "core" is a step back for inclusive economic growth.

Walmart ships fraudulent order to hacker's address then leaves customer to recoup cost

Mon, 02/21/2022 - 01:00

A Walmart customer says the company left him in the lurch after someone got into his online account and went on a shopping spree. After being warned there was a problem, the company shipped one of the orders to the fraudster anyway, then told the customer he was on his own to recoup the loss.

Seniors fight surprise collections bill; Why prices are going up, up, up; CBC's Marketplace cheat sheet

Sun, 02/20/2022 - 06:00

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

As museums begin to embrace NFTs, they face new opportunities — and risks

Sat, 02/19/2022 - 01:00

Non-fungible tokens — or NFTs — have the potential to be a new medium for artists to explore and monetize their work, just as art forms have shifted and changed throughout history, according to one Toronto-based curator.

Ship carrying thousands of luxury cars to be towed after catching fire at sea near Azores

Fri, 02/18/2022 - 12:38

A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.


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