Business

The head of Canada’s biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones.  Head of Loblaws says proposed new rules are bad for business and consumers. The head of Canada’s biggest grocery chain says the looming …

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. Economists starting to think rate cuts will start happening in 2024. The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after …

Savvy shoppers should be able to find a few bargains at the grocery store next year, but even with prices for some essentials falling the typical Canadian family’s overall grocery bill is set to increase by about $700 to more than $16,000 in 2024.  Closely watched report on food prices …

Genetic testing company 23andMe, which is the subject of a proposed class-action lawsuit in Canada, says a data breach may have affected millions more customers than initially believed. The B.C. man who is the lead plaintiff says the company didn’t do enough to protect customers.  Hack affected 6.9 million users, …

CBC Toronto observed the personal information of three dozen people visible on shipping labels on display at a Toronto liquidation retailer that sells returned and overstocked items from Amazon and other online retailers. Now those customers are at risk of identity theft, a privacy expert says. Former privacy commissioner says …

Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.  Violations include failing to submit suspicious transaction reports, says Fintrac agency. Canada’s financial intelligence agency said it imposed a $7.4-million penalty against the Royal Bank of …

Inflation rate in November 2023 eased to a 20-month low of 4.1 percent from 4.9 percent in October on slower increases in the prices of food and non-alcoholic beverages, the Philippine Statistics Authority said Tuesday.  PSA data showed this was the slowest since inflation settled at 4 percent in March …

The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet, even as Canadians continue to feel the bite of higher prices and Ottawa looks for solutions.  NDP agriculture critic says he’s not impressed by grocers’ plans to stabilize …

The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it plans to cut about 10 per cent of its workforce and axe some programming to cope with a $125 million budget shortfall.  Public broadcaster says most cuts will take effect over the coming year. The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it …

The Competition Bureau has been granted an order by the Federal Court of Canada requiring Rogers Communications Inc. to produce records related to an investigation into the company’s Infinite wireless phone plans.  Probe of marketing campaign claims that Infinite wireless plans have unlimited data. The Competition Bureau has been granted …