Bangladesh factory burned down by angry workers

A devastating fire ripped through a Bangladesh garment factory supplying major Western retailers, police and industry officials said on Friday, in a blaze set by workers angered over rumours of a colleague's death in police firing. Garments are a vital...

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Alberta floods push federal deficit to $3.8B

The gap between how much the federal government spends versus how much it takes in went further into the red in September, in part because of costs related to the devastating Alberta floods. The deficit increased to $3.8 billion in September, the Finance...

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Telus takeover of Public Mobile gets Competition Bureau OK

The regulator in charge of ensuring a fair level of competition for consumers has given its approval for Telus to take over its much smaller cellular rival, Public Mobile. The Competition Bureau of Canada has issued what's known as a "no action letter"...

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Ontario's competitiveness stalled, task force says

Ontario's productivity has stalled because of the skills gap and lack of both private and public sector investment, according to a task force that annually assesses the province's competitiveness. Headed by influential business thinker Roger Martin,...

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Toronto business accelerator grooms data-driven firms

A newly opened business accelerator in Toronto aims to move Canada ahead in the growing field of data-driven technology. The business of helping companies make sense of data is estimated to grow to $50 billion worldwide in the next five years from $5...

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Keystone XL pipeline threatened by U.S. oil boom

A sudden surge in U.S. oil output could derail plans to build the massive Keystone XL pipeline to ship Canadian oil from Alberta to refineries on the American Gulf Coast, Canada's U.S. ambassador was warned in internal emails. In a series of emails...

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New discount carrier Jetlines prepares for launch in Vancouver

'Jetlines' to be launched by a group of aviation veterans CBC News Posted: Nov 28, 2013 6:15 PM PT Last Updated: Nov 29, 2013 4:03 AM PT A new discount airline could soon be coming to Western Canada, potentially offering significantly...

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Nova Scotia approves $1.5B Maritime Link energy project

Nova Scotia's energy regulator has approved the $1.5-billion Maritime Link project to bring in hydroelectricity from Labrador. Click on the image to read more about the Maritime Link project. (CBC) The Utility and Review Board (UARB) tentatively...

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Black Friday shopping stampede starts early in U.S.

The U.S. holiday shopping season started early this year, as major retailers opened stores Thanksgiving Day — 24 hours earlier than the typical Black Friday event. While some shoppers said they didn't like it, they appeared to be out in large numbers...

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Canada's economy grows at fastest pace in 2 years

CBC News Posted: Nov 29, 2013 9:14 AM ET Last Updated: Nov 29, 2013 9:42 AM ET Canada's economic growth was stronger than expected in the third quarter. Statistics Canada says the national gross domestic product grew at a 2.7 per...

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Black Friday deals no guarantee of retail bonanza

Canadian retailers are pulling out more stops this year to lure bargain-hunting shoppers on Black Friday, but the promotional blitz may not reap the bottom line rewards many stores are hoping for. From B.C. to the Atlantic provinces, malls are opening...

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Bet against the loonie, Goldman Sachs says

One of the world's most influential investment banks says betting that the loonie is going to fall is one of its best investment tips for 2014. After trading in a fairly narrow band between 95 cents and $1.05 US for the past three years, the bank says...

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Shipyard workers walk off job complaining of bullying

Updated Irving Shipyard employees in Halifax upset about worker's death CBC News Posted: Nov 28, 2013 9:40 AM AT Last Updated: Nov 28, 2013 11:23 AM AT Around 300 shipyard workers in Halifax walked off the job this morning, complaining...

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Eurocopter pitches Super Puma for local offshore flights

Helicopter giant Eurocopter flew its flagship Super Puma helicopter over St. John's Wednesday, in a bid to grab the lucrative job of ferrying oil workers to offshore installations. The Super Puma EC225 is a $29-million state-of-the-art aircraft, which...

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Oil down to 6-month low of $92

Oil prices hit a six-month low on Thursday. (AP Photo/Dario Lopez-Mills) (The Associated Press) The price of oil was heading down toward $92 a barrel on Thursday, near six-month lows, after U.S. crude stockpiles rose for a tenth consecutive week....

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Housing affordability eroding, RBC says

The Canadian Press Posted: Nov 27, 2013 8:50 AM ET Last Updated: Nov 27, 2013 9:15 AM ET The Royal Bank says higher prices and an increase in mortgage rates have made home ownership less affordable for the average Canadian family....

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Rogers scores national NHL TV rights for $5.2B

Media conglomerate Rogers Communications has launched a shot across the bow of the broadcasting landscape in a $5.2-billion deal for the right to broadcast NHL games across Canada for the next 12 years. The deal, announced Tuesday, goes from 2014...

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Jim Love, Canadian Mint chairman, helped run offshore 'tax-avoidance scheme' for clients

The chair of the Royal Canadian Mint, who also served as an adviser on international taxation to the federal Finance Department, helped engineer the transfer of millions of dollars of a prominent Canadian family through offshore tax havens in what others...

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Xbox One lease-to-own option multiplies cost of hot gift

A St. John's credit counselling service is advising shoppers to buy rather than lease the Xbox One, one of the hottest gifts this Christmas season.  Microsoft's Xbox One gaming console retails for a cool $499, plus tax. The product sold more than...

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Paycheques inched higher in September

The average weekly earnings of the typical Canadian worker ticked up to $918 in September, pretty well flat compared to the previous month but up 1.9 per cent compared to the same month a year earlier. Statistics Canada reported Wednesday that the average...

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Auditor general raises concerns about food safety, border security

Canada's Auditor General has raised red flags around food safety, border security, emergency plans on First Nations reserves and rail safety in his annual fall report tabled on Tuesday. Michael Ferguson found that the Canadian Food Inspection Agency...

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Tablets may be half of all computer sales in 2014

New research from digital consultancy Canalys suggests that tablet computers will make up more than 50 per cent of all computers sold in the world next year, and Android-based tablets are expected to outsell Apple iPads by a factor of two to one. Globally,...

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H&M vows 'living wage' for factory workers by 2018

Hennes & Mauritz, the world's second-largest clothing retailer, laid out a plan on Monday to pay a fair "living wage" to some 850,000 textile workers by 2018, saying governments were acting too slowly. "We believe that the wage development, driven...

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