Business Buzz

Int’l aerospace dog fight
The Canadian Press - Sep 13, 2017 - Business Buzz

New details are emerging about the high-level, backroom wrangling around Boeing Co.’s dispute with Bombardier, which is quickly becoming an international dog fight. The Trudeau government revealed Tuesday that it held secret talks with Boeing in hopes of convincing the U.S. aerospace giant to drop its case against Bombardier at the U.S. Commerce Department. The […]

Women still earning less
The Canadian Press - Sep 13, 2017 - Business Buzz

Men and women are each making comparable contributions to the family finances in nearly one-third of all couples, Statistics Canada said Wednesday as the latest data from the 2016 census revealed new details about how — and which — Canadians are paying the bills. Of the 8.2 million married or common-law couples in the country […]

Record month for WestJet
The Canadian Press - Sep 12, 2017 - Business Buzz

WestJet says its airplanes flew fuller than ever in August as it set records for the most passengers moved in a month. The Calgary-based airline reports moving 2.3 million people last month, an increase of almost 14 per cent or 288,000 compared with August 2016. CEO Gregg Saretsky says the August passenger numbers were the […]

50,000 jobs at stake
The Canadian Press - Sep 12, 2017 - Business Buzz

The province’s financial watchdog says that Ontario’s proposed minimum wage hike could result in more than 50,000 job losses. In a report released today, Financial Accountability Officer Stephen LeClair estimates that job losses will be concentrated among teens and young adults. In July, Premier Kathleen Wynne announced her government would increase Ontario’s minimum wage to […]

Bank defends silence
The Canadian Press - Sep 11, 2017 - Business Buzz

The Bank of Canada is defending itself amid questions about its public silence ahead of an interest-rate increase last week that caught many analysts by surprise. The response came after BMO chief economist Doug Porter took issue with the central bank’s lack of public remarks in the eight weeks before the rate increase. In a […]

Strike vote at UBC
The Canadian Press - Sep 11, 2017 - Business Buzz

Unionized maintenance workers at the University of British Columbia’s main Vancouver campus are threatening to walk off the job if a contract dispute is not resolved. The International Union of Operating Engineers says 100 of its members who work on the heating and cooling systems at the university’s Point Grey campus have voted unanimously in […]

$1,000 for new iPhone?
The Canadian Press - Sep 11, 2017 - Business Buzz

Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay for a device that’s become an indispensable part of modern life. The unveiling of a dramatically redesigned iPhone will likely be the marquee moment Tuesday when Apple hosts […]

Equifax faces massive ID breach
The Canadian Press - Sep 08, 2017 - Business Buzz

Credit monitoring company Equifax has been hit by a high-tech heist that exposed the Social Security numbers and other sensitive information about 143 million Americans. Now the unwitting victims have to worry about the threat of having their identities stolen. The Atlanta-based company, one of three major U.S. credit bureaus, said Thursday that “criminals” exploited […]

Canada courting Amazon hub
The Canadian Press - Sep 08, 2017 - Business Buzz

Canada’s major cities are vying to become Amazon’s second home, with the mayors of Toronto, Vancouver and Montreal all planning to pitch the technology giant on their virtues. Amazon announced on Thursday it is hunting for a site for a new headquarters in North America, in addition to its sprawling Seattle hub, and called for […]

Progress in NAFTA talks
The Canadian Press - Sep 06, 2017 - Business Buzz

The latest round of NAFTA negotiations wrapped up Tuesday with the three countries declaring they have made progress, and committing to work through harder negotiating issues in time to get a deal by the end of the year. The three lead ministers say they’re pleased with what’s been accomplished as the talks move to Ottawa […]