News/Business (Page 38)

Business The U.S National Highway Traffic Safety Administration said on Monday that General Motors’ self-driving car unit Cruise will pay a $1.5 million US fine after it failed to disclose details of a serious October 2023 crash involving a pedestrian. Cruise failed to report crash involving pedestrian, regulators sayThomson ReutersContinue Reading

Business Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say. House prices on average are up more than 30 per cent sinceContinue Reading

Business·EXPLAINER The strike could hit 36 ports that handle about one-half of U.S. ocean imports. That could affect the availability of a range of goods, from cars to bananas. 45,000 longshoremen could walk off the job Tuesday over contract negotiationsThomson Reuters · Posted: Sep 29, 2024 7:31 PM EDT |Continue Reading

Businesses in Canada face new limits on temporary foreign workersCanadian businesses now face greater restrictions on how many low-wage temporary foreign workers they can hire as new government limits come into effect. Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this inContinue Reading

Business The price of coffee has been skyrocketing on international commodities markets, and while consumers in Canada haven’t felt the grind yet, the pressure of climate change on the world’s coffee farms is setting the industry on edge, insiders and scientists said.  Droughts in Brazil and Vietnam have helped push market coffee pricesContinue Reading

Business Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector. The largest contributor to economic growth in July was retail sector, says StatsCanThe Canadian Press · Posted: Sep 27, 2024 11:13 AMContinue Reading

Business The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand. More than 68,000 units began construction in the first half ofContinue Reading

Business The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers. Decision aimed at correcting imbalance between insured, uninsured homeowners at time of mortgage renewalThe Canadian Press · Posted: Sep 26, 2024 9:31 AM EDT | Last Updated:Continue Reading

Business Changes to the program, in effect as of Sept. 26, are aimed at shrinking the program and pushing employers to invest more in local employees. Restrictions include new hiring cap and 1-year limit to contracts Paula Duhatschek · CBC News · Posted: Sep 26, 2024 4:00 AM EDT |Continue Reading