CBC Canada Business
Canadians should expect 'significant' move in budget for child care, early education: LeBlanc
News/Politics: Access to national early learning programs and child care have become an “economic imperative” and Canadians should expect a “significant” announcement in the forthcoming federal budget, said Intergovernmental Affairs Minister Dominic LeBlanc.
U.S. taxi services see business boost helping Canadians avoid hotel quarantine
News/Business: Several U.S. airport transport services say they're seeing a boost in business by driving Canadian snowbirds across the U.S.-Canada land border so they can avoid hotel quarantine requirements.
Amazon workers in Alabama vote against forming union
News/Business: Amazon workers voted against forming a union at an Alabama warehouse, handing the online retail giant a decisive victory and cutting off a path that labour activists had hoped would lead to similar efforts throughout the company and beyond.
Big oil companies have 'diametrically opposed' views on renewables
News/Business: In today’s oilpatch, a divide is growing between the oil majors as some companies are investing in alternative energy while other firms have no interest in it. Both face their own risks and challenges as the world shifts to lower emitting sources of energy.
Metro, Sobeys among companies called out for not doing enough to reduce harmful chemicals
News/Technology & Science: Some major names in Canadian retail, including Metro, Sobeys and the parent company of Tim Hortons, have received a failing grade in one environmental group's report card ranking businesses on their commitment to reduce certain chemicals and plastics in the products and packaging they carry.
Why don't we live together? Alternative housing in a hot real estate market
Radio/Ideas: Many people are priced out of Canada's urban housing markets. Others are disenchanted with the four walls of the single family home. From a San Francisco commune network, to co-living communities in Berlin, advocates say there are benefits to sharing domestic space.
Bank regulator raises mortgage stress test level, making it harder to qualify for home loan
News/Business: Canada's top banking regulator is raising the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home loan, shrinking the pool of qualified borrowers and ultimately bringing down house prices.
Facebook downplays 'old' breach exposing info on 533 million users
News/Business: Facebook is downplaying the significance of a data breach that saw the personal information of 533 million of its users accessed online, saying the information is old and the vulnerability that was exploited was closed almost two years ago.
Why 2021 could be another 'gangbusters' summer for Canadian road trip vacations
News/Business: Highways could be flooded with vehicles this summer as people hit the road to escape their homes and look for a change of scenery during the pandemic, experts say, regardless of prices at the pump.
Is now the time to make global corporations pay their fair share?
News/Business: As you do your taxes, do you wonder why global companies don't pay more? So far, the long battle to make corporations pay their fair share of taxes has failed due to a lack of political will. COVID-19 could change that.
Canadian company that developed rapid COVID-19 testing device files for creditor protection
News/Canada/Ottawa: An Ottawa-based company that developed a rapid COVID-19 testing device says it has filed for creditor protection after finding an undisclosed problem with the technology.
Toronto home sales double from March pandemic low and average price rises to $1.1M
News/Business: Home prices in the Toronto area continued to climb in March while sales were almost double that of March 2020, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.
Janet Yellen pitches raising corporate tax rate everywhere to wipe out evasion havens
News/Business: U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration's proposed increase in the U.S. corporate tax rate.
Transat shares fall by 22% after Air Canada takeover deal falls apart
News/Business: Transat AT shares plunged as much as 22.6 per cent in the first day of trading after Air Canada pulled the plug on its takeover of the Montreal-based tour operator over Europe's unwillingness to approve the deal.
GameStop shares sell off after company finally decides to cash in on frenzy and issue new stock
News/Business: Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.