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CBC: Business News

Strikes at 2 more U.S. auto factories to start Friday as UAW ratchets up pressure
A picketer holds a "UAW On Strike" sign while attempting to block a truck from entering the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan

The United Auto Workers union is expanding its strike against U.S. automakers to two new plants, as 7,000 workers at a Ford plant in Chicago and a General Motors assembly factory near Lansing, Mich., will walk off the job at midday on Friday.

Fri, 29 Sep 2023 11:56:22 EDT

Airlines claim passenger safety at risk under new passenger rights rules
Planes on tarmac in foreground, Westjet plane taking off. Airport building in background.

In submissions and meetings, industry groups warned Canada's transport regulator that sweeping reforms announced earlier this year will put travellers' safety at risk and drain carriers of cash after a financially devastating COVID-19 pandemic.

Fri, 29 Sep 2023 15:07:26 EDT

Canada's economy was flat in July, new GDP numbers from Statistics Canada show
A worker welds at a Volkswagen owned facility in Quebec.

Canada's gross domestic product was essentially unchanged in July, as the service sector expanded slightly while goods-producing industries shrank.

Fri, 29 Sep 2023 08:40:59 EDT

Air Canada pilots picket at Toronto's Pearson, calling for better wages, working conditions
Pilots stand outside of Toronto Pearson airport holding signs that read "Don't cancel routes. Keep Experienced Pilots."

Air Canada pilots are set to demonstrate at Toronto's Pearson airport Friday, calling for better wages and working conditions as talks with the country's biggest carrier continue.

Fri, 29 Sep 2023 09:31:22 EDT

Lululemon strikes deal with Peloton that will see yoga wear company stop making the Mirror
A woman changes a sign for a workout class inside a Lululemon store

Yoga wear giant Lululemon has struck a deal with smart exercise bike company Peloton that will see the two companies stop fighting on each other's turf and instead work together to sell gear, equipment and fitness classes.

Thu, 28 Sep 2023 09:30:30 EDT

Fortnite maker Epic Games laying off 16% of staff
A bunch of young people sit in front of computers, with the poster of Fortnite in the background.

Epic Games, the maker of the popular video game Fortnite, is laying off about 870 employees, roughly one-sixth of its staff.

Thu, 28 Sep 2023 13:17:42 EDT

Hyundai and Kia recalling 603,176 vehicles in Canada due to fire risk
The 2015 Hyundai Elantra is shown

Hyundai and Kia are recalling more than 600,000 vehicles in Canada and millions more in the U.S. due to a problem with the anti-lock braking system that can start a fire.

Thu, 28 Sep 2023 10:13:18 EDT

Canadians flock to Alberta in record numbers as population booms by 184,400 people
A flag blows in front of a building.

Alberta was home to 4.7 million people as of July 1, according to annual population estimates released by Statistics Canada on Wednesday — a little more than four per cent higher than the same time last year.

Wed, 27 Sep 2023 11:47:48 EDT

Learn AI now or risk losing your job, experts warn
The blue letters AI, for Artificial Intelligence, are on display.

Most people in the workforce need to understand how to work with artificial intelligence or they will face the risk of losing their jobs, experts say.

Wed, 27 Sep 2023 12:00:00 EDT

Target closing 9 stores in U.S. due to growing theft problem
A woman shops in a Target store in Chicago.

Target said Tuesday that it will close nine stores in four states, including one in New York City's East Harlem neighbourhood and three in the San Francisco Bay Area, saying that theft and organized retail crime have threatened the safety of its workers and customers.

Wed, 27 Sep 2023 09:27:56 EDT

Are we voting with our wallets to overheat the planet?
FILE PHOTO: Tundra trucks and Sequoia SUV's exit the assembly line as finished products at Toyota's truck plant in San Antonio, Texas, U.S. April 17, 2023.  REUTERS/Jordan Vonderhaar/File Photo

Surveys of Canadians have repeatedly shown that a majority would choose to prevent the bad things caused by climate change. Politicians think we won't make sacrifices. Maybe we won't have to, writes Don Pittis in his last business column for CBC News.

Wed, 27 Sep 2023 04:00:00 EDT

Government to review $8B US takeover of Canadian-based grain-handling firm Viterra
The Cascadia grain terminal in B.C. is shown

The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a foreign conglomerate.

Tue, 26 Sep 2023 16:06:20 EDT

U.S. government, 17 states sue Amazon for abusing monopoly power
The Amazon logo is shown on a backdrop.

The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against on Tuesday, charging the online retailer with harming consumers through higher prices in the latest U.S. government legal action aimed at breaking Big Tech's dominance of the internet.

Tue, 26 Sep 2023 13:10:20 EDT

Government raising cap on mortgage bonds by $20B to spur rental construction
A man in a grey suit speaks at a microphone while a woman in a green suit looks on.

The federal government is making an additional $20 billion available through the Canada Mortgage Bond program to spur the construction of more rental units.

Tue, 26 Sep 2023 14:42:24 EDT

JPMorgan Chase to pay $75M to U.S. Virgin Islands in Jeffrey Epstein suit
A man in a suit and tie stands with arms folded in front of a wall.

JPMorgan Chase reached settlements with the U.S. Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for months.

Tue, 26 Sep 2023 11:46:37 EDT