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For Blue Jays owner Rogers, signing Shohei Ohtani is about more than just baseball
A baseball pitcher wearing a white jersey with red trim makes a throw from left to right.

The rumoured bid by the Blue Jays to sign Shohei Ohtani is about much more than baseball. Rogers Communications, which owns the team, could spend as much as $600 million US to acquire the two-way phenom, and experts say the company could leverage Ohtani's fame to boost its core business.

Fri, 08 Dec 2023 04:00:00 EST

Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme
A woman shops the bakery aisle at a supermarket.

The bread supplier that admitted to price-fixing earlier this year says any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods.

Fri, 08 Dec 2023 09:56:12 EST

Surge in newcomers putting pressure on inflation via housing demand: BoC official
A building that says Bank of Canada on it.

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.

Thu, 07 Dec 2023 20:26:56 EST

Grocery code of conduct will raise prices, not lower them, Loblaws and Walmart tell lawmakers
Galen Weston is shown seated at a parliamentary committee

The head of Canada's biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones.

Thu, 07 Dec 2023 12:58:45 EST

CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules
Pedestrians walk in front of a CIBC logo

Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.

Thu, 07 Dec 2023 14:12:53 EST

Expect some food prices to get cheaper next year — but typical grocery bills may still go up by $700
A shopper at a produce counter in St. Lawrence Market in Toronto, Ontario, Canada, on Tuesday, Jan. 17, 2023.

Savvy shoppers should be able to find a few bargains at the grocery store next year, but even with prices for some essentials falling the typical Canadian family's overall grocery bill is set to increase by about $700 to more than $16,000 in 2024.

Thu, 07 Dec 2023 04:00:00 EST

As expected, Bank of Canada holds interest rate steady at 5%
Tiff Macklem

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent.

Wed, 06 Dec 2023 10:10:58 EST

'It scared the hell out of me,' says lead plaintiff in proposed class-action suit over data breach at 23andMe
A person in a green T-shirt with their black hair in a ponytail uses a touchscreen TV.

Genetic testing company 23andMe, which is the subject of a proposed class-action lawsuit in Canada, says a data breach may have affected millions more customers than initially believed. The B.C. man who is the lead plaintiff says the company didn't do enough to protect customers.

Wed, 06 Dec 2023 04:00:25 EST

RBC handed $7.4M penalty from financial intelligence agency
A woman walks in front of an RBC sign in downtown Toronto.

Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.

Tue, 05 Dec 2023 11:39:16 EST

Shoppers discover boxes of Cheerios, bags of Loblaws chips that weigh far less than advertised
Paul Jay of Ottawa holds up two boxes of multigrain Cheerios.

Recently, shoppers uncovered both Cheerios boxes and Loblaws-brand chips that weighed far less than what was printed on the package. Find out what happened when CBC News investigated.

Tue, 05 Dec 2023 04:00:00 EST

Products returned to Amazon found at Toronto liquidation stores — along with buyers' personal info
A person walks on the sidewalk in front of a store.

CBC Toronto observed the personal information of three dozen people visible on shipping labels on display at a Toronto liquidation retailer that sells returned and overstocked items from Amazon and other online retailers. Now those customers are at risk of identity theft, a privacy expert says.

Tue, 05 Dec 2023 04:00:55 EST

Soaring cost of baby formula puts extra pressure on new parents
Six-month-old Colt feeds on a bottle of formula. His mother, Ashleigh Ottley, tells CBC she spends upwards of $70 per week on formula.

As Canadians struggle to keep up with the rising cost of groceries, new parents are feeling an added pinch, as supply shortages, sparked in part by disruptions from U.S. manufacturers, push the price of baby formula ever higher.

Tue, 05 Dec 2023 04:00:00 EST

Rogers told to produce records for Competition Bureau investigation of wireless phone plans
Rogers raised the price to call the U.S. without a long-distance plan to $1 per minute — a figure that is in line with the other industry leaders.

The Competition Bureau has been granted an order by the Federal Court of Canada requiring Rogers Communications Inc. to produce records related to an investigation into the company's Infinite wireless phone plans.

Mon, 04 Dec 2023 16:15:13 EST

Canada's grocery sector among the most competitive on Earth, claims Sobeys CEO
Two people by shopping carts in the fruit and vegetable section of a grocery store.

The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet, even as Canadians continue to feel the bite of higher prices and Ottawa looks for solutions.

Mon, 04 Dec 2023 16:16:48 EST

CBC/Radio-Canada to cut 10 per cent of workforce, end some programming as it faces $125M budget shortfall
Pedestrians cross the foyer of the Radio-Canada headquarters in Montreal on Oct. 31, 2023.

The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it plans to cut about 10 per cent of its workforce and axe some programming to cope with a $125 million budget shortfall.

Mon, 04 Dec 2023 15:15:51 EST