Liberals plan to send $250 cheques to Canadians, temporarily cutting GST on some items

Prime Minister Justin Trudeau says his government plans to temporarily lift the federal sales tax off a slew of items just in time for Christmas and send cheques to millions of Canadians this spring. Trudeau announced the proposed affordability measures...

Nov 25, 2024 | Business

Canada Post losses top $300M as strike enters second week — and rivals step in

Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line. The Crown corporation said...

Nov 25, 2024 | Business

Glimmers of hope for some for a funding deal at UN climate talks, but opposition...

Tenuous hope for a deal for a giant funding package for poor nations to curb and adapt to climate change emerged late Saturday amid fractured United Nations climate talks, but opposition still remains among some developing nations. A financial package...

Nov 25, 2024 | Business

Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts

Canada’s Prime Minister Justin Trudeau, left, and Mexico’s President Claudia Sheinbaum talk during the G20 Summit leaders meeting in Rio de Janeiro, Monday, Nov. 18, 2024. (AP Photo/Eraldo Peres) MEXICO CITY (AP) — Mexico has been taking a bashing lately...

Nov 25, 2024 | Business

How public funds are being used to lure private dollars in race for climate financing

TORONTO — The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries. Getting governments to put up more was the big focus at the...

Nov 25, 2024 | Business

Shorter holiday shopping season ups pressure on retailers and consumers

Canadians waiting for Black Friday to kick-start their holiday shopping have less time to pick up gifts. There are five fewer days between Black Friday on Nov. 29 and Christmas Eve because U.S. Thanksgiving is later this year. The shortened...

Nov 25, 2024 | Business

Northvolt CEO Peter Carlsson steps down one day after bankruptcy filing in U.S.

The CEO and co-founder of battery maker Northvolt, Peter Carlsson, is stepping down after being at the helm of the company since it was founded in 2016. According to a statement published on the Swedish company’s website on Friday, Carlsson...

Nov 25, 2024 | Business

Economists say temporary tax cut, relief cheques play into rosier growth picture

The federal government’s “meaty” move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say. The plan, which...

Nov 22, 2024 | Business

Philadelphia prosecutor sues Musk over $1m swing-states voter lottery

Prosecutors in Philadelphia have sued to stop Elon Musk and his political group America PAC from awarding $1m (£770,092m) to voters in swing states, accusing the billionaire of “running an illegal lottery”. “America PAC and Musk must be stopped, immediately,...

Oct 30, 2024 | Business

McDonald’s apologises for E. coli as sales slide

The boss of McDonald’s has apologised to customers hit by an E. coli outbreak in the US linked to the chain’s Quarter Pounders, a new setback for the chain which has been struggling with flagging sales. “We are sorry for...

Oct 30, 2024 | Business