Business World

Alberta’s premier is floating the idea of making oil and gas companies pay a deposit before they can drill a new well, as the provincial government tries to tackle the large number of old oil and gas wells which require cleanup. Alberta premier says current system isn't working as number …

A peek behind the curtain at how big players in the restaurant industry, who own multiple, seemingly independent restaurants, leverage better buying power as a way to survive post-COVID. A peek behind the curtain at how big players survive post-COVID Play Listen to this article Estimated 7 minutes The audio …

Food prices in Canada could increase by four to six per cent next year, largely led by pricier meat products, according to a forecast by researchers at Dalhousie University. Higher beef prices will push up costs for other meat, according to annual forecast Play Listen to this article Estimated 3 …

The union that represents Air Transat's pilots said on Wednesday that its members have voted overwhelmingly to authorize a strike. Vote gives union authority to declare a strike as soon as Dec. 10, but is not a strike notice in itself Play Listen to this article Estimated 2 minutes The …

The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion US ($1.93 billion Cdn) cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada's "ugly chic" aesthetic and Miu Miu's youth-driven appeal. Purchase will bring 'maximalist' Versace …

Fairstone Bank of Canada has agreed to acquire Laurentian Bank of Canada for $1.9 billion in cash. As part of the deal, Laurentian Bank will sell its retail and small-and-medium-sized business banking portfolios and syndicated loan portfolio to National Bank of Canada. Laurentian's 57 Quebec branches, employees, won't be transferred …

Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. Marie, Ont. Algoma Steel received $500 million in government loans to protect it from U.S. tariffs Play Listen to this article Estimated 3 minutes The audio version of this article is generated by …

Jason Huang says a WestJet employee grabbed his phone and threatened to deny him boarding when he began recording his conversation during airport check-in. Legal expert say passengers are within their rights to record these interactions, and video and audio recordings may help in battles for compensation. Legal expert says …

Months after the U.S. ended duty-free shipping on small packages, Canadian online retailers will have to make a tough gamble: pay pricey fees on low-value shipments, or get a holiday sales boost from American customers? Small businesses relying on online sales boost worried about losing U.S. shoppers Play Listen to …

The popular listening platform Spotify has dominated the streaming industry for years. But there have been recent calls to boycott the platform over controversies surrounding issues like artist compensation, its CEO and ICE ads. Are listeners finally fed up? Interest seems to have waned in highly popular Spotify Wrapped, an …