Business

Canada’s economy contracts by 0.2% in November

Canada’s economy contracted by 0.2 per cent in November, more than expected and the largest monthly contraction since December 2023, Statistics…

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Wage rollback, repayment on table as tensions rise between Safeway and its Alberta workers

Tensions are rising between Safeway and its Alberta workers as the company looks to claw back a wage increase after…

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Canadian booze-makers hope U.S. tariff threats help smash trade barriers at home

Threats by two premiers to ban U.S alcohol if Washington imposes its threatened 25 per cent tariffs has domestic buyers and sellers calling…

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Canadians finding homes too expensive in cities where they seek jobs, says housing agency

Canada Mortgage and Housing Corporation (CMHC) says high housing costs are restricting population mobility in the country, as Canadians are finding…

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Trump says he’s still weighing whether Canadian oil will be a tariff target

U.S. President Donald Trump says he will decide Thursday night if oil will be a target of the hefty tariffs…

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Federal government may reverse course on capital gains tax by delaying increases

The federal government is likely to reverse course on increases to the capital gains tax that were announced in the…

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Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will…

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Walmart rolls out $6.5B expansion plan, including three new stores for Alberta

Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores.…

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U.S. economy grew 2.8% in 2024

The American economy ended 2024 on a solid note, with consumer spending continuing to drive growth. The U.S. Commerce Department reported…

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Starbucks plans to cut 30% of its menu

Starbucks is planning to cut its food and beverage offerings by 30 per cent over the course of this year, aiming…

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