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2 former SNC-Lavalin execs arrested, charged with fraud and forgery

Thu, 09/23/2021 - 08:22

Two former executives at SNC-Lavalin have been charged with fraud and forgery by the RCMP as part of an ongoing criminal investigation into the Montreal-based engineering company.

Evergrande jitters ebb and flow as company misses key bond payment

Thu, 09/23/2021 - 06:55

Fears that a Chinese real estate developer's possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.

Vacancy rate hits highest point since 1994 as working from home wallops office demand

Thu, 09/23/2021 - 06:46

Nearly one out of every six offices in Canada is vacant right now, commercial real estate firm CBRE says, as the pandemic trend of working from home has obliterated demand for office space.

EU sends jolt to Apple's Lightning port with new law mandating USB charging for all phones

Thu, 09/23/2021 - 06:36

The European Union is hoping to say goodbye to junk drawers full of different charging cords by forcing all smartphones sold in the continent to use one standard: USB.

Lululemon reaches exclusive deal to make Canada's official Olympic gear through 2028

Thu, 09/23/2021 - 06:00

Vancouver-based clothing brand Lululemon has struck a deal to be the exclusive Olympics outfitter of Team Canada for the next four Games.

U.S. Fed prepares to roll back stimulus despite a world economy facing other challenges

Thu, 09/23/2021 - 01:00

Canadian borrowers must pay attention as U.S. Federal Reserve chair Jerome Powell announces plan to end pandemic stimulus, making borrowing money more expensive, including here in Canada.

This renter wants to take housing back from Berlin's biggest landlords

Wed, 09/22/2021 - 15:00

Residents in Berlin, fed up with increasingly high rents, have secured a referendum on housing that could have reverberations across Europe.

Evergrande strikes deal to meet Chinese bond payment, but foreign dollar investors still up in air

Wed, 09/22/2021 - 09:43

A teetering Chinese real estate developer unexpectedly struck an 11th-hour deal to pay some of what it owes to its domestic investors on Wednesday, but foreign investors still owed millions of U.S. dollars on Thursday have so far been left hanging.

Global economy will suffer as long as rich countries don't help vaccinate poor ones, OECD warns

Tue, 09/21/2021 - 10:47

A leading international economic watchdog urged developed countries to put more effort into providing low-income countries with coronavirus vaccines in order to ensure that the global recovery from the pandemic is more even.

Prairie ranchers take stock of summer drought as decisions about culling cattle loom

Tue, 09/21/2021 - 01:00

As fall approaches, tough decisions loom as ranchers assess how many cattle they can afford to keep through winter amid a tight — and pricey — feed market.

Markets sell off on contagion fears from China's Evergrande

Mon, 09/20/2021 - 10:44

Financial markets around the world had their worst day in weeks on Monday, as worries about embattled Chinese property developer Evergrande had investors worried about what the fallout might be.

Why you'll pay more for heat this winter; watch out for fake job scams: CBC's Marketplace Cheat Sheet

Sun, 09/19/2021 - 06:00

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

Canadians appear eager to take off for sun destinations despite ongoing COVID-19 challenges

Sun, 09/19/2021 - 01:00

Key travel players in Canada are reporting increased demand for bookings to sun destinations in the months ahead, despite a global pandemic that has yet to end inside or outside the country's borders.

Why you should care about teetering Chinese real estate company Evergrande

Sat, 09/18/2021 - 01:00

One of the biggest property developers in China is in danger of defaulting on its loans, a development that could have wide reaching implications for the economy. Here's everything you need to know about the story as it unfolds.

France recalls ambassadors to U.S., Australia over submarine deal

Fri, 09/17/2021 - 14:48

France says it is immediately recalling its ambassadors to the U.S. and Australia after Australia scrapped a big French conventional submarine purchase in favour of nuclear subs built with U.S. technology

After starting in Edmonton, Teamsters seeking to unionize 8 other Canadian Amazon facilities

Fri, 09/17/2021 - 06:27

The Teamsters workers' union has launched campaigns to organize employees in at least nine Canadian facilities of U.S. e-commerce company Amazon.com, according to Reuters interviews with union officials.

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

Thu, 09/16/2021 - 10:52

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

Thu, 09/16/2021 - 01:00

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.

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