Business

Good news about butter: CBC’s Marketplace consumer cheat sheet

Miss something this week? Here’s the consumer news you need to know from CBC’s Marketplace. Get this in your inbox every Friday. Sign up here. Very un-hip Tragically Hip fans are being warned about counterfeit merchandise claiming to help charity. (Chad Hipolito/Canadian Press) If you bought Tragically Hip merchandise online to show support of the band and raise cash to help fight ...

Read More »

True test of Trudeau’s expensive data devotion will be whether he follows the numbers

Justin Trudeau’s Liberals are a group that enthuses about “evidence-based policy” and “smarter decisions” and has concerned itself with “deliverology.” And they are apparently hungry for more data. “The challenge that we’re facing is one of — and we saw this more acutely a year ago in Vancouver — a dearth of data,” the prime minister said recently when asked about what his government might do ...

Read More »

Iconic Dad’s chocolate chip cookies discontinued, customers bitter

For months, some Canadians have been searching in vain for their beloved Dad’s chocolate chip cookies. A current Facebook thread on the topic is full of tales about quests for the item. “So annoyed, I’ve looked everywhere for these as they are my absolute favourite,” wrote Karen Strom from Edmonton. “This is so upsetting,” posted Sara Ortega from Vancouver. “Can’t ...

Read More »

Everything you need to know about Home Capital’s woes and the impact on the housing market

Canada’s housing market is always a hot topic, but this week it was a heretofore little-known mortgage lender called Home Capital that made headlines as clients withdrew hundreds of millions in savings in a matter of days. Here’s everything you need to know about the unfolding story — and what, if anything, it could mean for the housing market as ...

Read More »

‘Not for the faint of heart’: Why getting a marijuana producer licence is a long shot

The regulatory gates to Canada’s legal marijuana regime are open, but only a crack. Health Canada has received 1,630 applications for licences to grow or sell medical cannabis as of March 31. Only 43 licences have been approved so far, representing just 2.6 per cent of the total applications. The seven-stage application process to obtain a licence is “not for the faint ...

Read More »

Bombardier faces lengthy legal battle with Boeing that could hurt CSeries sales

Bombardier faces a lengthy legal battle with Boeing after the aerospace giant filed a complaint with the U.S. government and the process could hurt sales of the new CSeries commercial jet, say trade experts and industry analysts. While the outcome of the case is uncertain, they said the Montreal-based company’s efforts to sell the plane into the American market could ...

Read More »

Imperial Oil posts first-quarter profit but falls short of forecasts

Imperial Oil is reporting first-quarter earnings that reversed a loss in the same period of last year but fell short of analyst expectations. The Calgary-based oil producer and refiner says net income was $333 million or 39 cents per share in the three months ended March 31, boosted by a gain of $151 million on the sale of former refinery lands ...

Read More »

U.S. economic growth weakened to 0.7 per cent in first quarter

The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result underscores the challenge facing President Donald Trump in achieving his ambitious economic growth targets. The gross domestic product, the total output of goods and services, grew by just 0.7 per cent in the first quarter following a ...

Read More »

Canada’s economy didn’t grow in February, StatsCan data shows

Canada’s economy didn’t expand in February, as a slight uptick in the service sector was offset by a small decline in the goods-producing sector. Statistics Canada reported Friday that the construction, real estate, finance and insurance sectors continued to expand, but manufacturing, mining, quarrying, and oil and gas extraction all declined. The total output of the economy in February was about the ...

Read More »

CEO of pension plan that gave lifeline to Home Capital resigns from board

The chief executive of HOOPP has resigned as a director of Home Capital Group and its subsidiaries, citing a potential conflict of interest following the pension fund’s decision to provide $2 billion of credit to the mortgage company. The Healthcare of Ontario Pension Plan manages more than $70 billion of retirement funds and will receive a $100 million non-refundable fee ...

Read More »