Business World

Cannabis retailers and producers hope an upcoming move by Ontario’s pot distributor to lower its price markups will help an industry still struggling to compete with the illicit market. What's uncertain: will the change reduce pot prices or boost the bottom line of businesses? Cannabis retailers and producers hope an …

Residents across the Greater Toronto Area hoping to pick up groceries at Metro Inc. were greeted by closed doors and picket lines on Saturday as thousands of employees formally went on strike. Agreement put forward 'fair' and 'equitable,' Metro says, but local union says it isn't enough Residents across the …

Global fast-fashion giant Shein is launching an online marketplace similar to Amazon. But with a controversial track record on labour rights and a massive environmental output, experts are asking: at what cost? Fast-fashion giant launching global online marketplace, selling from 3rd-party vendors Shein's rapid growth raises environmental concerns 9 hours …

Meta Platforms executives are heavily focused on boosting retention on their new social media app Threads, after it lost more than half of its users in the weeks following its buzzy launch, CEO Mark Zuckerberg told employees on Thursday. Company executives heavily focused on boosting retention Meta Platforms executives are …

Canada's economy expanded by 0.3 per cent in May, as a large decline in oil and gas output due to wildfires was offset by growth in the service sector. Forest fire activity led to biggest decline in oil and gas extraction since April 2020 Canada's economy expanded by 0.3 per …

U.S. regulators unveiled a sweeping overhaul Thursday that would direct banks to set aside billions more in capital to guard against risk, which was immediately slammed by the industry as "misguided." Move would make lenders more stable, but come with added costs in a proposal banks call 'misguided' U.S. regulators …

The Bank of Canada says it's trying to not raise interest rates more than it has to, as members of the governing council are mindful of the risks associated with raising rates too much. Central bank issues summary of deliberations at their last meeting to decide on rate policy The …

Sales are growing so quickly that some installers wonder whether heat pumps could even wipe out the demand for new air conditioners in a few years and put a significant dent in the number of natural gas furnaces. Heat waves, improved technology and government rebates behind soaring interest Luise Cox …

The U.S. Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to an upper limit of 5.5 per cent, on Wednesday — and left the door open to another increase, if necessary. Central bank increases benchmark lending rate The U.S. Federal Reserve raised its key …

The owner of Canada's largest grocery and drugstore chains posted a quarterly profit of $508 million in the past three months, as sales across virtually all of its businesses continue to grow. Company says growth is coming from discount space and its costs are also up The owner of Canada's …