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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.

Canada Goose fined by China for 'misleading' consumers about how parkas are made

Wed, 09/08/2021 - 14:46

Toronto-based Canada Goose Holdings Inc. is in hot water with China, which has fined the winter-apparel maker for allegedly misleading consumers about the materials it uses.

Bank of Canada holds key interest rates steady in cautious approach to economic recovery

Wed, 09/08/2021 - 06:28

The central bank says it continues to expect the economy to strengthen in the second half of the year, although the fourth wave of COVID-19 infections and supply bottlenecks could weigh on the recovery.

After spending hundreds of billions on COVID-19 measures, U.K. to raise taxes

Tue, 09/07/2021 - 10:24

U.K. raising taxes on workers, companies and dividends in attempt to fill health service funding gap. The move is part of an attempt to fix a health and social care funding crisis after the government spent hundreds of billions to fight the COVID-19 pandemic.

Why the price of chicken wings has taken flight

Tue, 09/07/2021 - 01:00

Amid the rising cost of poultry, chicken feed and canola oil — not to mention the vagaries of international shipping — restaurants say dishing out this pub favourite is getting more expensive.

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