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Business News

Vancity lists properties as credit union closures outpace banks

Vancity lists properties as credit union closures outpace banks

May 22, 2024 / 6:08 pm

Vancity Credit Union has listed several prime locations in a bid to sreamline its operations. These include two sites in Vancouver at 3395 West Broadway and...

Maple Leaf Foods to close aging Brantford poultry plant, consolidate production

Maple Leaf Foods to close aging Brantford poultry plant, consolidate production

Brantford May 22, 2024 / 6:06 pm

Maple Leaf Foods says it's closing its aging poultry plant in Brantford, Ont. and consolidating its production into its existing network through early next...

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

May 22, 2024 / 1:48 pm

Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chip-making dominance that has made the company an icon of the...

WestJet planning new fare category for travellers willing to forgo carry-on bag

WestJet planning new fare category for travellers willing to forgo carry-on bag

May 22, 2024 / 1:47 pm

WestJet Airlines has plans to soon introduce a new cheaper fare category that would be available to travellers willing to fly without a carry-on bag. CEO Alexis...

Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products

Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products

May 22, 2024 / 1:15 pm

The chief executive of Quebecor Inc. is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw Cos. Ltd. and...

WestJet calls for full federal review of aviation funding model

WestJet calls for full federal review of aviation funding model

May 22, 2024 / 11:37 am

The CEO of WestJet Airlines says he is calling for a full federal government review of the way airports and aviation infrastructure in Canada are funded. Alexis...

CPP Investments earned 8.0% in latest fiscal year, net assets totalled $632.3 billion

CPP Investments earned 8.0% in latest fiscal year, net assets totalled $632.3 billion

May 22, 2024 / 7:45 am

The Canada Pension Plan Investment Board says its fund earned a net return of 8.0 per cent for its latest fiscal year. It says the result for the year ended...

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

May 22, 2024 / 7:23 am

Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices. Existing home sales fell 1.9% to a seasonally...

Daily marijuana use outpaces daily drinking in the US, a new study says

Daily marijuana use outpaces daily drinking in the US, a new study says

United States May 22, 2024 / 6:41 am

Daily and near-daily marijuana use is now more common than similar levels of drinking in the U.S., according to an analysis of national survey data over four...

Canadians feel grocery inflation getting worse, two in five boycotting Loblaw: poll

Canadians feel grocery inflation getting worse, two in five boycotting Loblaw: poll

May 22, 2024 / 5:53 am

Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling....

Maker of popular weedkiller amplifies fight against cancer-related lawsuits

Maker of popular weedkiller amplifies fight against cancer-related lawsuits

May 21, 2024 / 7:10 pm

After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts to create a legal shield...

New cars in California could alert drivers for breaking the speed limit

New cars in California could alert drivers for breaking the speed limit

California May 21, 2024 / 7:09 pm

California could soon join the European Union in requiring all new cars to alert drivers when they break the speed limit, a proposal aimed at reducing traffic...

WestJet delays integration of Sunwing to 2025

WestJet delays integration of Sunwing to 2025

May 21, 2024 / 11:56 am

WestJet is pushing back its planned integration of Sunwing Airlines, which the Calgary-based carrier acquired last year. In an email, WestJet said it will weave...

Loblaw boycott to go on

Loblaw boycott to go on

May 21, 2024 / 10:42 am

The organizers of a month-long boycott of Loblaw-owned stores say they've decided to extend the boycott past May. After a Reddit group created to vent and...

Loblaw boycott organizers say they plan to keep movement going past May

Loblaw boycott organizers say they plan to keep movement going past May

May 21, 2024 / 10:12 am

The organizers of a month-long boycott of Loblaw-owned stores say they've decided to extend the boycott past May. After a Reddit group created to vent and...

Microsoft's AI chatbot will 'recall' everything you do on a PC

Microsoft's AI chatbot will 'recall' everything you do on a PC

Washington May 20, 2024 / 12:08 pm

Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer...

Stock market today: Wall Street opens mixed after its latest winning week

Stock market today: Wall Street opens mixed after its latest winning week

New York May 20, 2024 / 6:37 am

Wall Street is opening on a quiet note following its latest winning week. The S&P 500 was up 0.1% in early trading Monday. The Dow Jones Industrial Average...

Nickel-rich Indonesia pitches EV battery plant plan to Elon Musk

Nickel-rich Indonesia pitches EV battery plant plan to Elon Musk

Indonesia May 20, 2024 / 6:25 am

Indonesia’s top investment official said Monday that the government has proposed to Tesla CEO Elon Musk the construction of an electric vehicle battery...

Omicron splits from Nexii through demerger

Omicron splits from Nexii through demerger

May 17, 2024 / 5:04 pm

The principals of a B.C. construction company that was acquired by a green building materials company that is now battling bankruptcy have their company back....

A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company

A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company

May 17, 2024 / 2:37 pm

A former OpenAI leader who resigned from the company earlier this week said Friday that safety has “taken a backseat to shiny products” at the...

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