Tesla to cut 7% of work force, focus on bringing down prices of its cars

Tesla will cut 7 per cent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. “Looking ahead at […]

A Brexit lesson in economics for Canadians hoping to profit from anger: Don Pittis

Growing fears of the economic repercussions of the U.S. government shutdown have led smug Canadians to scoff that it couldn’t happen here. But Britain’s descent into even greater economic chaos and uncertainty over whether or how to leave Europe offers a timely reminder that the parliamentary system Canada shares with the U.K. is no protection against the poisonous effects of […]

It’s never been a better time to find a new job — but do employers realize it?

Job prospects in Canada are the best they’ve been in decades, employment experts say, but many businesses seem to have missed the memo. According to an annual salary survey, 63 per cent of employers expect the flourishing economy to boost their bottom lines in 2019, but less than a quarter plan to raise salaries more than three per cent. About […]

‘Greed is a powerful weapon’: Are illegal kickbacks in Ontario driving up the cost of your generic drugs?

A hidden camera investigation and confidential documents obtained by CBC’s The Fifth Estate raise questions about whether Canada’s largest pharmaceutical distributor is profiting from illegal kickbacks on sales of generic drugs in Ontario. Studies have shown this practice drives up the cost of generic drugs for all Canadians. McKesson Canada, which distributes pharmaceutical drugs to more […]

Cameras in a plastic surgeon’s office: The Marketplace consumer cheat sheet

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Cameras in plastic surgeon’s office It’s probably safe to say that most people expect total privacy when they walk into the treatment room at their doctor’s office. But our latest investigation reveals a […]

What soft earnings at Tiffany say about tourism from China

There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose four per cent to just above $1 billion US, industry analysts were anticipating a bigger boost. Some of that unexpected drag has occurred as tourists, particularly Chinese tourists, pull back on […]

Quick fix for Alberta’s oil woes may be sorely needed — but not so easily found

With steep discounts on Alberta oilsands crude hitting Canada’s energy sector hard, the economic cost continues to climb by tens of millions of dollars each day.   The contagion, as economist Peter Tertzakian calls it, is also spreading to other grades of oil, potentially threatening billions in spending and, once again, putting jobs on the line. Such risks […]

Newfoundland minister demands answers from Husky after huge offshore oil spill

Newfoundland and Labrador’s offshore regulator and a provincial cabinet minister are demanding answers from Husky Energy after what’s believed to be the largest oil spill in the province’s history. An underwater vehicle took to the sea on Monday to assess the damage, as the Canada-Newfoundland Labrador Offshore Petroleum Board (C-NLOPB) kicked off its investigation into […]

‘Really toxic’: Abuse allegations continue to dog Winnipeg restaurant chain Stella’s Cafe

Three former Stella’s Cafe employees behind an online campaign to bring attention to what they call workplace harassment, unfair treatment of staff, racism, and sexual assault at the Winnipeg restaurant chain have outlined what they’d like to see done about their concerns. Christina Hajjar, 27, Kelsey Wade, 22 and Amanda Murdock, 36, are the public […]

Order to stop Keystone XL construction shows urgent need to get Canadian oil to new markets, energy group says

The latest legal setback for Calgary-based TransCanada’s $10-billion Keystone XL pipeline through the United States is yet another reminder that Canada needs to export its oil and natural gas to new global markets, says an industry association. A U.S. District Court judge in Montana put the project on hold in a ruling issued late Thursday, […]