CBC Canada Business
Collapsed crypto exchange FTX investigating 'unauthorized transactions'
News/Business: Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of "unauthorized transactions," with analysts saying millions of dollars worth of assets had been withdrawn from the platform.
The Bank of Canada is warning Canadians to brace for a rough winter
News/Business: Central banks have spent years helping consumers, businesses and markets weather economic storms. Now, in the fight to rein in inflation, those same banks are actively making the cost of living crisis worse.
Lettuce fans tossed by soaring prices, leading to expensive salads, substitutions
News/Canada/Montreal: A look at the prices in Canada's grocery stores can be a turnoff recently, and that's especially the case when it comes to lettuce. Experts say the spike in prices is due to drought conditions and crop disease that affected supplies from California.
The housing market is a mess — so this Canadian city is building more rental units than ever
News/Canada/Calgary: Across the country, competition is stiff among apartment hunters as the rental market gets tighter. In Calgary, that struggle to find rental space is fuelling an unprecedented amount of rental construction.
He was hailed as crypto's saviour. Now he needs billions for a bailout
News/Canada/British Columbia: Last week, billionaire Sam Bankman-Fried was touted as a key figure in cryptocurrency — even a saviour. Today, amid a series of tweets, he blamed himself for the crash of his FTX exchange after it bled billions of dollars overnight.
Former workers of Aveos win their battle against Air Canada
News/Canada/Montreal: While the judge dismissed the claim for punitive damages, she ruled that Air Canada must compensate the workers for their loss of income and social benefits and pay individual claims for those who suffered moral damages, such as divorce.
'We will come out of this,' Tiff Macklem pledges as central bank signals more rate hikes to come
News/Business: In much the same way that Canadian households were forced to adjust on the fly to high and escalating prices, Canada's job market and overall economy will see some painful changes in the coming months as Canada's central bank steps up its fight to wrestle inflation into submission.
N.S. lobster fishery braces for a downturn as inflation hits
News/Canada/Nova Scotia: The fishery is worth hundreds of millions of dollars each year and is an important piece of the Nova Scotia economy. Fishermen are seeing the downside of a cyclical industry at a time when inflation has sent their input costs skyrocketing.
Remember the Rogers outage? They've added 221,000 new phone customers since then
News/Business: Despite a crippling days-long outage to its network that had many Canadians swearing they'd never trust the company again, Rogers managed to actually add 221,000 new customers over the three-month period that included the incident.
Facebook parent company Meta lays off 11,000 people
News/Business: Facebook parent Meta is laying off 11,000 people, about 13 per cent of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees on Wednesday.
Competition Tribunal on Rogers merger with Shaw now underway
News/Business: The Competition Tribunal's public hearing on Rogers Communications Inc.'s $26 billion proposed takeover of Shaw Communications Inc. begins Monday as the telecom companies look to take the deal across the finish line.