Business World

If Canada's big grocery chains are found to have been making excessive profits from high food prices, the federal government should slap them with a windfall tax, a new parliamentary report recommends. Committee that demanded answers from grocery leaders submits recommendations If Canada's Competition Bureau finds that grocery store giants …

Ukraine’s largest oil and gas producing company hopes to end the country’s reliance on petroleum imports, looking to Canadian businesses to pitch in. Risk of investing in conflict zone, concerns over oilpatch investment could be hurdles for investors Ukraine's largest oil and gas producing company hopes to end the country's …

Canadians seeking long-term mortgages may feel the impact as the influential Federal Reserve holds off on another rate hike. But any break will likely be short-lived as the Fed committee suggests another half-point hike will be needed to get inflation under control. Good news and bad news for Canadians, too, …

Telus Corp. is blaming Ottawa's ban on China's Huawei Technologies Inc. for pausing its fibre optic network build in Alberta city of St. Albert, raising questions over the sanction's spillover effects on connectivity in smaller communities. Inflation, interest rates and Huawei ban cited as Telus halts work in St. Albert, …

The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the U.S. and Canada. U.S. company traces origins to Canadian inventor of eponymous cooking device The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings …

Consumer prices in the United States cooled last month, rising just 0.1 per cent from April to May and extending the past year's steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Less volatile core rate coming down, but not as quickly Consumer …

More than 7,000 terminal cargo loaders at British Columbia's ports have voted overwhelmingly in support of strike action against local maritime employers, although both sides are still negotiating to avoid such an outcome. Vote yielded 99.24 per cent support for strike action, union says More than 7,000 terminal cargo loaders …

Reddit, the website known as the "front page of the internet," is making front-page news today, as many communities there have gone private to protest recent changes that would charge third-party apps to access the site's content — a move developers say would put their applications out of business. Thousands …

Faced with a pandemic-induced labour shortage, businesses in Alberta's Rocky Mountain tourist hot spots have been allowed to dramatically boost the number of temporary foreign workers they hire to fill low-wage positions. The easing of hiring limits isn't confined to Alberta but applies across the country. Ottawa has eased limits …

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