Union wants Canada Post to start low-income bank and green shift. Sounds nice, but who pays?

As arbitration grinds on at Canada Post following back-to-work legislation passed in November, the union has made a series of proposals beyond standard contract negotiations on wages and benefits: they want the Crown corporation to open a new bank for low-income people and turn the post office into a hub for green technology With one of the […]

Stock market sell-off continues as U.S. government shutdown looms

Stock prices plunged again on Thursday as a series of big drops in December kept stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points, or just under two per cent, bringing its losses since Friday to more than 1,600 points. The benchmark S&P 500 index has slumped 10 per […]

General Dynamics warns Canada: Cancelling Saudi deal would cost billions

General Dynamics Corp on Monday put pressure on Ottawa over the sale of armoured vehicles to Saudi Arabia, warning that the federal government would incur “billions of dollars of liability” by unilaterally scrapping the deal. The remarks by the Canadian unit of General Dynamics — which one defence expert called unusual — reflect increasing tensions over a […]

Boeing buys 80% of Embraer’s commercial aircraft operations for $4.2B

Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 per cent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and management control of the company. Embraer will keep consent rights for some decisions, such […]

GM working to retrain employees affected by Oshawa plant closure

General Motors of Canada is working with other employers to identify jobs and targeted training programs for GM employees affected by plans to close the Oshawa Assembly plant next year, the truck and auto maker said Friday. It says several employers have identified about 2,000 jobs that will become open in Durham region in 2019 […]

Overflowing production continues to dampen oil prices as Alberta premier mulls solutions

Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap. As barrels of surplus oil lap the edge of the tub, desperate producers are forced to sell at rock-bottom prices to avoid a big […]

Netflix hikes subscription prices in Canada

Another price hike is on the way for Netflix subscribers in Canada as competition heats up among the biggest streaming video services. The company behind Narcos and Orange Is the New Black is introducing its biggest price increase yet for both new subscribers and current members.  The basic Netflix Canada plan — which does not offer high-definition […]