News/Business (Page 22)

Business Starbucks says its cafés, patios and bathrooms will be reserved for paying customers going forward, bringing back a “buy something or leave” policy that it removed after a racially charged incident in one of its stores. Chain introduced ‘open-door’ policy after racially charged incident at U.S. location Jenna Benchetrit ·Continue Reading

Business The U.S. Securities and Exchange Commission says BMO has agreed to pay more than $40 million US to settle charges related to the bank’s alleged supervision failure in bond selling. Lack of oversight allowed employees to use misleading metrics to sell certain bondsThe Canadian Press · Posted: Jan 13,Continue Reading

Business Apple’s board of directors recommended investors vote against a shareholder proposal to abolish the company’s diversity, equity and inclusion (DEI) programs, according to a proxy filing from the company. Conservative think-tank submitted proposal recommending company abandon DEIThomson Reuters · Posted: Jan 13, 2025 11:16 AM EST | Last Updated:Continue Reading

Business Canada Post is raising the cost of stamps and its other mail products by 25 per cent today, a move decided in September, well before a 30-day labour strike further challenged the organization’s already dire financial situation. Stamps purchased in booklet, coil or sheet will cost 25 per cent moreContinue Reading

Business Meta Platforms is ending its diversity, equity, and inclusion (DEI) programs, including those for hiring, training and picking suppliers, it said in a memo to employees posted on an internal company forum on Friday. Company’s diversity takes on new role focusing on accessibility and engagement, memo saysThomson Reuters ·Continue Reading

Business The Canadian economy added 91,000 jobs and the unemployment rate dipped 0.1 percentage points to 6.7 per cent in December, Statistics Canada said on Friday, which came as a pleasant surprise to economists. Report comes as pleasant surprise to economists expecting far fewer gains Jenna Benchetrit · CBC News · Posted: JanContinue Reading

Business Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report. Numbers down 3.2 per cent from the same month last yearThe Canadian Press · Posted: Jan 09, 2025 5:18 PM EST | Last Updated: January 9 AverageContinue Reading

The Loblaw grocery chain overcharged customers by selling underweighted meat across 80 stores for an undisclosed period that ended in December 2023, a CBC News investigation has found. On top of that, over the past few months, CBC News visited seven major grocery stores in three different provinces and discovered packages of underweightedContinue Reading

Business Montreal-based retailer Frank And Oak has filed for creditor protection for the second time this decade, seeking relief from $71 million in debt, while the Ontario company behind Ricky’s and Cleo says it will shutter their stores. Parent companies blame pandemic for profitability challenges in retail sector Jenna Benchetrit ·Continue Reading