Business

The Competition Bureau says it’s investigating the use of property clauses, which limit how real estate can be used by competitors, in the Canadian grocery sector.  Watchdog says clauses make it harder for new supermarkets to open. The Competition Bureau says it’s investigating the use of restrictive real estate clauses …

Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations.  Thursday’s round of job cuts is BCE’s largest in nearly 30 years. Bell Media is ending multiple television newscasts and …

San Miguel Corporation (SMC) on Thursday said it is ready to modernize the Ninoy Aquino International Airport (NAIA) after it emerged as the highest bidder for the P171 billion contract to rehabilitate, operate and maintain the country’s main international gateway.  The SMC SAP Company Consortium, which is formed by San …

For the natural gas industry in Western Canada, it’s a return to low commodity prices after a few years of increased profits.  Mild winter has resulted in much less demand for heating fuel. Cheap natural gas prices are providing some welcome relief on utility bills as Canadians heat their homes …

National auto theft summit called due to dramatic increase in stolen vehicles in Canada. Some say ‘known vulnerabilities’ should be addressed in updated standards for manufacturers, who are pushing back saying solution is complex and requires more effective enforcement.  Automakers, experts say there’s no ‘silver bullet’ to stop rampant vehicle …

As inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn’t the silver bullet people are hoping for. Monetary policy can’t do everything, …

Meta Platforms could penalize users who fail to label AI-generated audio and visual content posted on its platforms, its top policy executive said on Tuesday.  Comments made by top policy executive who didn’t elaborate on nature of penalties. Meta Platforms could penalize users who fail to label AI-generated audio and …

On the same day the National Transportation Safety Board revealed their preliminary report on an oversight that caused a panel to fly off of an Alaska Airlines flight, the U.S.’s top aviation regulator said changes must be made in how the government oversees Boeing.  Investigators reveal bolts were missing from …

The Colorado Department of Public Health and Environment says the fine concerning Suncor’s Commerce City refinery is for violations from July 2019 through June 2021.  State says it’s the largest air pollution enforcement package it has ever levied against a single facility. The state of Colorado is fining Suncor Energy …

Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.  Ban was first put in place in 2022. The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced …