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Amazon Canada hikes front-line worker pay and plans to hire 15,000 more people
Amazon Canada says it is hiring up to 15,000 more people in Canada and will boost the pay for its front-line workers to up to $21.65 an hour. The e-commerce giant announced in a media release Monday morning that the hiring spree would…
Kansas City Southern picks Canadian Pacific’s $31B bid for railroad — but it’s not…
Kansas City Southern has decided that a $31 billion US bid from Canadian Pacific is the best of two offers on the table to buy the railroad. The Kansas City, Mo., company said in a statement Sunday that it has notified rival bidder…
Economic recovery continues as 90,000 jobs added in August
Statistics Canada says the economy added 90,000 jobs in August, the third consecutive monthly increase. The unemployment rate fell to 7.1 per cent for the month, compared with 7.5 per cent in July, bringing the rate to the lowest level…
Apple ordered to loosen App Store grip as critics call for reform
A U.S. federal judge stopped short of labelling Apple Inc. an illegal monopoly on Friday, but in a closely watched ruling struck down a core part of its App Store rules, forcing the company to allow developers to send their users to…
StatsCan finds mortgage borrowing hit a record in the spring
Statistics Canada says mortgage borrowing hit a record in the second quarter as the amount Canadians owe relative to their income climbed higher. The agency says on a seasonally adjusted basis that household debt as a proportion of…
Canada’s trade surplus narrows to $778M in July as imports outpaced exports
Statistics Canada says the country's merchandise trade surplus fell to $778 million in July as imports rose more than exports for the month. The result compared with a revised trade surplus of $2.6 billion for June compared with the…
Bank of Canada holds key interest rates steady in cautious approach to economic recov…
The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. The central bank held its target for the overnight rate at…
Canada Goose fined by China for ‘misleading’ consumers about parka material
Toronto-based Canada Goose Holdings Inc. is in hot water with China, which has fined the winter-apparel maker for allegedly misleading consumers about the materials it uses. The country's regulator, the National Enterprise Credit…
After spending hundreds of billions on COVID-19 measures, U.K. to raise taxes
British Prime Minister Boris Johnson set out plans Tuesday to raise taxes on workers, employers and some investors. The move is part of an attempt to fix a health and social care funding crisis after the government spent hundreds of…
Why the price of chicken wings has taken flight
For many, they have been a pandemic comfort food, as well as some of the first meals eaten with friends when pubs and restaurants opened up this summer. While chicken wings may look deliciously simple on a plate, serving them has become…