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Updated: 2 hours 43 min ago

Brace yourself for higher heating bills this winter as natural gas prices soar to highest levels in years

7 hours 24 min ago

A confluence of events in North America and Europe — from summer storms to an overseas supply crunch — have contributed to sharp increases in the price of the fossil fuel.

Summer travel surge has WestJet and Air Canada asking for volunteer help

17 hours 16 min ago

A surge in summer travel across the country has forced Canada’s two biggest airlines to ask staff to help volunteer at airports to overcome staffing challenges, a move that is creating pushback from unions.

CN drops bid and ends takeover battle for U.S. railway Kansas City Southern

Wed, 09/15/2021 - 12:58

Canadian National Railway Co. is dropping its takeover offer for Kansas City Southern, ending its takeover battle for the U.S. railway.

Pandemic lumber boom burnt itself out — and consumers poised to benefit now

Wed, 09/15/2021 - 12:36

Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.

Home sales cool in August, but average prices still well up from last year

Wed, 09/15/2021 - 06:44

Canada's housing market continued to show signs of a slow cool-down in August, as the number of sales ticked lower even as selling prices still headed higher compared to where they were a year ago.

Inflation rate spikes to 4.1% in August, highest since 2003

Wed, 09/15/2021 - 06:09

Canada's consumer price index touched its highest level in almost two decades last month, as the price of just about everything is sharply up compared to the transitory lows of a year ago.

Teamsters to hold unionization vote at Amazon warehouse in Alberta

Tue, 09/14/2021 - 09:05

An Amazon warehouse in Nisku, Alta. is the target of a unionization drive by Teamsters Local Union 362.

Record-high U.S. inflation looking a little more transitory as rate cooled in August

Tue, 09/14/2021 - 06:55

U.S. consumer prices rose at their slowest pace in seven months in August, far less than economists were expecting and a hopeful sign that inflation pressures may be cooling.

Emergent to make Calgary-based Providence Therapeutics' potential COVID-19 vaccine

Tue, 09/14/2021 - 06:12

Emergent BioSolutions Inc. signed a five-year agreement with Calgary-based biotechnology company Providence Therapeutics to develop and manufacture its COVID-19 vaccine candidate for about $90 million.

Latest threats of rising interest rates and high inflation may shift real estate outlook

Tue, 09/14/2021 - 01:00

Rising interest rates could have an ugly effect on Canada's housing market. But does anyone believe central banks will actually hike them?

Apple issues security patch after Toronto-based Citizen Lab flags vulnerability

Mon, 09/13/2021 - 13:53

Apple released an emergency software patch to fix a security vulnerability that researchers said could allow hackers to directly infect Apple devices without any user action.

Amazon Canada hikes front-line worker pay and plans to hire 15,000 more people

Mon, 09/13/2021 - 05:39

The e-commerce giant is raising the amount it pays its front-line workers and plans to hire 15,000 more people in Canada to keep up with booming demand.

Canadian pensioners fighting more than $12K in fines for refusing to quarantine in a hotel

Mon, 09/13/2021 - 01:00

Thelma and Glen Perry of Barrie, Ont., claim they were unjustly fined $12,500 for refusing to quarantine in a hotel upon their return to Canada. The couple join a number of Canadians planning to fight their fines in court.

Kansas City Southern picks Canadian Pacific bid for railroad

Sun, 09/12/2021 - 11:14

Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad.

China fines Canada Goose over parka claims; Salad kits recalled: CBC's Marketplace Cheat Sheet

Sun, 09/12/2021 - 06:00

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

When will international air travel soar again after COVID-19?

Sun, 09/12/2021 - 01:00

A return to a freer level of international air travel likely won't be possible until there's greater agreement among nations on the COVID-19 tests and vaccination documentation needed to travel abroad, experts say.

StatsCan finds mortgage borrowing hit a record in the spring

Fri, 09/10/2021 - 10:50

Statistics Canada says mortgage borrowing hit a record in the second quarter as the amount Canadians owe relative to their income climbed higher.

Apple ordered to loosen grip on App Store in landmark ruling

Fri, 09/10/2021 - 09:30

A federal judge in the U.S. ordered Apple to dismantle part of the competitive barricade guarding its closely run App Store, threatening one of the iPhone maker's biggest moneymakers.

Economic recovery continues as 90,000 jobs added in August

Fri, 09/10/2021 - 05:49

Statistics Canada says the economy added 90,000 jobs in August, the third consecutive monthly increase.

'Profound effect' of COVID-19 is transforming Canada's labour market

Fri, 09/10/2021 - 01:00

COVID-19 has had a "profound effect" on the Canadian labour market, Bank of Canada governor Tiff Macklem said Thursday, as the central bank struggles to understand the impact of "labour slack" and reducing inequality.


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