News/Business (Page 24)

Business Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. Merger talks come as Japanese automakers play catch-up in EV marketThe Associated Press · Posted: DecContinue Reading

Business How a TikTok influencer’s video showing off a bag of Swedish candy sent the internet spinning, resulting in an ongoing global shortage of the nation’s prized sweets. As shortage spread, Swedish candy was pure imagination for Canadian importers Jenna Benchetrit · CBC News · Posted: Dec 23, 2024 4:00 AMContinue Reading

Business Party City is reportedly closing all of its stores across the U.S. — but the party supplies chain’s Canadian stores will continue to operate. Party City’s U.S. business first exited bankruptcy just over a year agoThe Associated Press · Posted: Dec 20, 2024 3:16 PM EST | Last Updated: DecemberContinue Reading

Business Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush as workers protest what they say is the retailing giant’s unfair treatment of its employees. Company says union has ‘intentionally misled the public,’ coerced workers into strikeThomson Reuters · Posted: DecContinue Reading

Business Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric. Reports of proposed deal come as Chinese EV industry puts the squeeze on foreign rivals Jenna Benchetrit ·Continue Reading

Business The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank’s two per cent target. Loonie slides againstContinue Reading

Business The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year as Canada added its largest share of purpose-built rental supply in over three decades. Purpose-built rental supply rose 4.1% year-over-year, highest increase in over 30 yearsThe Canadian Press · Posted: Dec 17, 2024 4:02 PM ESTContinue Reading

Business The Canadian dollar dipped below $0.70 US on Tuesday, the first time it has done so since the onset of the COVID-19 pandemic in March 2020, according to Bloomberg data. Loonie first hit 0.6999 US in early morning hours Tuesday, according to Bloomberg data Jenna Benchetrit · CBC NewsContinue Reading

Business Canada’s annual inflation rate ticked down to 1.9 per cent in November, with the slowdown in price growth mostly driven by lower mortgage interest costs and cheaper travel tours, Statistics Canada said on Tuesday. But core inflation measures still well above Bank of Canada’s 2% target Jenna Benchetrit · CBC NewsContinue Reading