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Updated: 17 min 31 sec ago

Biden to announce $2-trillion infrastructure plan that would transform U.S. economy

Wed, 03/31/2021 - 05:13

U.S. President Joe Biden is to travel to Pittsburgh today to unveil his $2-trillion US plan to re-engineer America's infrastructure.

Trans Mountain pipeline expansion will lead to $11.9B in losses for Canada, study says

Wed, 03/31/2021 - 01:00

A new study from researchers in B.C. estimates that Canada will lose $11.9 billion because of the Trans Mountain pipeline expansion project.

New round of inflation fears as investors demand higher rates

Wed, 03/31/2021 - 01:00

The Bank of Canada and the U.S. Federal Reserve have repeatedly reassured us that interest rates will stay low and inflation will be temporary, but rising bond rates signal investors are demanding a better return on long-term lending, nudging rates toward pre-pandemic levels.

Ballot-counting begins in closely watched Amazon unionization vote in Alabama

Tue, 03/30/2021 - 08:48

What happens inside a warehouse in Bessemer, Alabama, could have major implications not just for the country's second-largest employer but the labour movement at large.

Margin call at hedge fund hits banks, prompts contagion fears

Mon, 03/29/2021 - 12:39

Stock markets were weighed down by fears that there could be more to come after a Wall Street hedge fund dragged down two well known investment banks with bad bets that went wrong.

Rogers takeover of Shaw will make it bigger but also better for all, CEO tells lawmakers

Mon, 03/29/2021 - 11:33

Chief executives of Rogers Communications Inc. and Shaw Communications Inc. told MPs today that they believe every Canadian will benefit from a combination of their two businesses, which need to be bigger to be more competitive.

Cargo ship stuck in Suez Canal is moving again

Sun, 03/28/2021 - 22:13

After the colossal ship that has been blocking the Suez Canal for nearly a week was partially refloated earlier on Monday, it has now been freed, according to local witnesses and a shipping agency in Egypt.

Cracking down on COVID-19 conspiracies; CFIA targets puppy importers; CBC's Marketplace cheat sheet

Sun, 03/28/2021 - 06:00

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

Canadian firm's proposed gold mine in Amazon rainforest a step closer to reality, CEO says

Sun, 03/28/2021 - 01:00

A Canadian company is one step closer to building a controversial gold mine in the Amazon rainforest, after its study on how the development would impact remote Indigenous people was approved by Brazilian officials, the CEO of Belo Sun Mining told CBC News.

WestJet to expand service, add routes across Western Canada

Fri, 03/26/2021 - 09:36

WestJet has announced it will be expanding its service with 11 new non-stop routes across Western Canada this summer.

EU's health regulator approves 3 new vaccine manufacturing sites

Fri, 03/26/2021 - 08:12

The European Union's medicines regulator on Friday said it has approved new manufacturing sites for coronavirus vaccines made by Pfizer-BioNTech, Moderna and AstraZeneca-Oxford, in a move that could significantly boost Europe's supply of the shots and speed vaccination efforts across the continent.

Dominion Voting Systems sues Fox News for $1.6B for false election claims

Fri, 03/26/2021 - 06:03

Dominion Voting Systems, which was founded in Toronto, filed a $1.6 billion US defamation lawsuit against Fox News on Friday, arguing the cable news giant falsely claimed the company had rigged the 2020 election.

COVID-19 has kept these businesses closed for 1 year. Here's how their owners are coping

Fri, 03/26/2021 - 02:00

Some businesses still aren't allowed to open in Ontario, closed now for over a year, due to increased risk of spreading COVID-19.

Pool permits soar as retailers prepare for another 'unreal' summer

Fri, 03/26/2021 - 01:00

Some businesses that sell swimming pools and other pool-related products in Ottawa say the COVID-19 pandemic has created unseen levels of demand, and they likely won't have the stock to meet it.

Frozen pizza sales are red hot, with increased sales expected to outlast the pandemic

Fri, 03/26/2021 - 01:00

Pizza consumption has surged during the pandemic and many Canadians are making the frozen variety their pie of choice.

Windsor Assembly Plant shutting down for 4 weeks amid microchip shortage, union says

Thu, 03/25/2021 - 16:00

The Windsor Assembly Plant will be shut down for four weeks starting Monday, according to the union representing workers there.

Carbon taxes win another endorsement — from the U.S. oil lobby

Thu, 03/25/2021 - 13:07

Carbon pricing didn't just win a big endorsement from Canada's Supreme Court on Thursday — it's also receiving surprising new support from a new corner in the U.S.: the American oil lobby. Ironically, this new support for carbon pricing comes as U.S. climate policy is shifting elsewhere.

Despite soaring prices in pandemic, CMHC says housing market is only 'moderately' vulnerable

Thu, 03/25/2021 - 08:05

Canada Mortgage and Housing Corporation says the country's housing sector is facing a moderate degree of vulnerability to market instability for the second straight quarter.

Ship stuck in Suez Canal disrupting nearly $10B of goods every day as 150-boat backlog grows

Thu, 03/25/2021 - 05:07

The ship the length of four football fields that's wedged across Egypt's Suez Canal is bottlenecking global trade routes for a third day as at least 150 other vessels needing to pass through the crucial waterway are sitting idle, waiting for the obstruction to clear.

Why hiring more skilled workers might be the next challenge for the oilpatch 

Wed, 03/24/2021 - 14:00

With forecasts for better crude prices and more activity in the Canadian oilpatch, there’s talk of an old challenge rearing its head again: recruiting skilled workers.

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