News/Business (Page 63)

Business The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. Highest jump was in Edmonton, with prices up 17% since last year Jenna Benchetrit · CBC News · Posted: Feb 14, 2024 3:32Continue Reading

Business The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021. CREA says home sales in January up 3.7% from previous month Jenna Benchetrit · CBC News · Posted: Feb 14, 2024 11:07 AM ESTContinue Reading

Business A Vancouver non-profit is calling on Canada’s competition regulator to launch a greenwashing investigation into Lululemon — saying that the athleisure brand is misleading consumers about its environmental practices. Complaint comes amid swell of public pressure on Vancouver-based athleisure brand Jenna Benchetrit · CBC News · Posted: Feb 14, 2024 4:00 AM EST |Continue Reading

Business U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start cutting interest rates in the first half of 2024. Markets anticipate U.S. central bank will start cutting interest ratesContinue Reading

Business·Updated From cult status to closure fears — what happened to The Body Shop?Just a few weeks after the U.K. arm of the beauty brand was acquired by private equity firm Aurelius Investment, the company is appointing administrators, a move that could likely lead to job losses and store closuresContinue Reading

Business The Federal Court of Appeal has rejected BCE Inc.’s request for a stay of a regulatory decision that will allow independent companies to sell internet services to their customers using its fibre network in Ontario and Quebec. CRTC’s November decision was meant to stimulate competition for internet servicesThe CanadianContinue Reading

Business Independent telecommunications provider Beanfield Metroconnect is asking the industry regulator to outlaw arrangements between carriers and developers that provide turnkey internet service for all units of a particular condo building. Bulk agreements create ‘monopolistic islands’ where rival providers can’t compete, says execThe Canadian Press · Posted: Feb 12, 2024Continue Reading

Business·Marketplace CBC’s Marketplace rounds up the consumer and health news you need from the week. Consumer and health news you need from the week Jenny Cowley · CBC News · Posted: Feb 11, 2024 7:00 AM EST | Last Updated: 12 hours ago A Malaysian man, whose face is notContinue Reading

Business Uber Eats will apparently remove a scene from its Super Bowl ad that depicts a man having an allergic reaction to peanut butter, following backlash from some consumers and food allergy advocates. Food delivery company cutting scene that poked fun at peanut allergies Jenna Benchetrit · CBC News · Posted: FebContinue Reading