Economy news

The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of a digital publishing subsidiary values the company at almost $400 million.

Despite the turmoil caused by COVID-19, Canadians are sitting on record levels of savings. And the majority of it is accessible with the simple swipe of a bank card.

Aspen Pharmacare Canada is recalling one lot of Linessa 21, a prescription birth control pill, due to missing and mispackaged pills, Health Canada said in an alert.

CBC's Marketplace rounds up the consumer and health news you need from the week.

With home prices beyond reach for many Canadians and direct investment in commercial real estate also largely inaccessible, two companies in Canada are offering a way to get in on the action.

More and more firms are offering employees a hybrid work environment, where staff can divide their weekdays between the office and working at home. But is there a penalty to be paid in terms of your career if you opt to stay in your loungewear two or three times a week?

Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion, according to Statistics Canada.

Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion, according to Statistics Canada.

Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire.

Canada's federal banking regulator will increase the domestic stability buffer for big banks to 2.5 per cent from one per cent later this year, as the COVID-19 pandemic continues to subside.

The national symmetric input-output tables for 2018 and 2019 are now available.

Household sector borrowing is divided into financing in the form of non-mortgage loans, or funds principally for consumption, and mortgage loans, or debt acquired to finance the purchase of a property.

Meal and grocery couriers in New Brunswick are concerned about how reopening after COVID-19 will affect their income.

Meal and grocery couriers in New Brunswick are concerned about how reopening after COVID-19 will affect their income.

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.

A review panel for the Alberta Energy Regulator has denied the provincial application for the Grassy Mountain Coal project, ruling that the project is "not in the public interest."

A review panel for the Alberta Energy Regulator has denied the provincial application for the Grassy Mountain Coal project, ruling that the project is "not in the public interest."

An international law firm has launched a lawsuit in the U.S. against Montreal-based MindGeek over alleged sexual exploitation videos on one of its websites, Pornhub.

Quarterly financial data for the Canadian general government and its subsectors from 1990 to the first quarter of 2021 are now available. These subsectors are the federal government, provincial-territorial governments, local governments, and the Canada and Quebec Pension Plans.

Canadian investment in foreign securities totalled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.

Over the past several days, western democracies have taken steps to constrain the Chinese Communist Party at the G7, NATO, Canada-EU and Biden-Putin summits. While Prime Minister Justin Trudeau appears to be avoiding the fray, Canada could benefit from efforts to isolate China.

Officials insist inflation won't last, and on Wednesday the U.S. Federal Reserve Board's Jerome Powell hinted he'll join the Bank of Canada's Tiff Macklem in cutting back on stimulus. But unless wages catch up, rising prices continue to make most of us poorer.

Nav Canada announced rollbacks of annouced layoffs in some parts of Canada, insists safety is not compromised.

A Newfoundland and Labrador oil industry that had been braced for bad news is instead breathing a sigh of relief following news Wednesday night that there's renewed hope for the future of the Terra Nova oilfield.

A Newfoundland and Labrador oil industry that had been braced for bad news is instead breathing a sigh of relief following news Wednesday night that there's renewed hope for the future of the Terra Nova oilfield.

Canada's inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

Canada's inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

Canada's inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

The owner of Vancouver's Budway cannabis dispensary has been ordered to pay $40,000 to Subway for infringing on the sandwich chain's trademark.

The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease transatlantic tensions, and it will allow the two sides to focus on a common economic threat: China.

The U.S. Department of Transportation is seeking $25 million from Air Canada for what it calls "extreme delays" in refunding tickets to Americans who booked tickets on flights that the airline never flew.

The average selling price of a Canadian home was $688,000 last month, a figure that has risen by more than 38 per cent in the past year.

Following a slowing of activity growth in January, the three-month moving average of economic activity increased in a majority of provinces and territories in February. The increases represent an acceleration in growth compared with the three-month moving average for January.

This week marks the beginning of a key event for Canada's telecom industry as up to 23 bidders compete for federal licences used in 5G wireless networks.

While the U.S. Federal Reserve continues to pour on stimulus in the form of low interest rates, a new Senate bill focuses economic development spending on beating China at its own game. For Canada to take advantage of the coming technological renaissance, it may need a clearer industrial policy of its own.

CBC's Marketplace rounds up the consumer and health news you need from the week.

Just as the 9/11 attacks did 20 years ago, the COVID-19 pandemic will transform the way people travel internationally — with hundreds of millions of dollars in new government spending planned for modernizing border security and updating public health measures at airports.

As pandemic restrictions ease, businesses hope customers will flood back, spurring a surge in summer hiring. But while there’s optimism better days are ahead, not everyone is certain a wave of employment is about to wash over the economy.

A Montreal-based marketing firm is at the heart of a scheme involving a massive network of streaming websites that has scammed thousands of internet users out small amounts totalling hundreds of millions of dollars with promises of free unlimited access to premium content that they do not offer, a Radio-Canada investigation has found.

Royal Caribbean Group and Carnival Corporation will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean's Celebrity Millennium ship testing positive for COVID-19.

The move erects another roadblock for Coalspur Mines and its Vista mine expansion near Hinton, Alta., the only such mine in Canada currently before regulators.

National data on the value added in exports for 2018 and 2019 are now available.

National net worth, the sum of national wealth and Canada's net foreign asset position, jumped by over $1 trillion ($1,070.9 billion) or 7.7% to reach $14,965.7 billion at the end of the first quarter.

Canadian industries operated at 81.7% of their production capacity in the first quarter, up from 79.7% in the fourth quarter of 2020. The increase in the first quarter was driven by gains in construction and in mining, quarrying, and oil and gas extraction.

A new era in highway safety regulation begins in Canada on Saturday as electronic logging devices that track a driver's hours behind the wheel become mandatory in semi trucks travelling between provinces.

A massive bill laying out the long-term U.S. strategy for competing with China is making its way through Congress. There is even a long section in it about Canada. As Alex Panetta explains, the bill presents potential challenges as well as some opportunities for this country.

Ottawa has embarked on Phase 1 of a multiphase approach to lift its travel restrictions. However, the government warns that the process will be gradual — based on scientific data and not people's pleas to reopen the borders.

Air Canada says it will recall more than 2,600 employees as it prepares for an increase in demand for flights, while also extending the deadline for COVID-19 refunds. The airline said the employees will be brought back in stages in June and July.

Many Ontario businesses are preparing to reopen with some limitations after a frustrating period of ever-changing pandemic restrictions affecting retailers and services that were deemed non-essential.