Canadian air travel changes: New planes, full flights, less service

The federal government recently announced two new rules that are set to change the way Canadians experience the evolving world of air travel. Even for frequent flyers, there often seems to be something new at the airport on every trip — from check-in...

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Royal York, Hotel Vancouver up for sale

Two of Canada's historic railway hotels — Toronto's Royal York and Vancouver's Hotel Vancouver — are up for sale as Caisse de dépôt et placement du Québec moves to get out of the hotel business. The Quebec pension fund has scaled down ownership...

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What would a 2% mortgage hike do to the housing market?

Canada's housing market would be more than able to withstand a modest two per cent increase in mortgage rates as long as it's implemented slowly, over a year or two, BMO economist Robert Kavcic says. In a report Friday, Kavcic runs some numbers...

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Bombardier CSeries test plane grounded with 'engine-related incident'

The testing program for Bombardier's upcoming CSeries jets has been temporarily halted after what the company called "an engine-related incident" on one of the test planes during maintenance work in Mirabel airport north of Montreal. A company...

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Business week in review

A busy week in business news started with word out of Google that the search giant wants to have a small fleet of 100 self-driving cars on public roads by as early as next year. A step beyond previous prototypes that had human controls on board in case...

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Google is too white and male, says Google

In a groundbreaking disclosure, Google revealed Wednesday exactly how white and male its workforce is — just two per cent of its employees are black, three per cent are Hispanic, and 30 per cent are women. The search giant said the transparency about...

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CIBC profit falls; bank hikes dividend

Trouble in CIBC's Caribbean banking subsidiary left a mark on the bank's second-quarter results, but executives say despite the challenges they're not planning to exit the region. "The business has historically been a good investment for us," chief...

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Brian Mulroney to be named Quebecor chairman

Former prime minister Brian Mulroney will soon take on the role of board chairman at telecom and media giant Quebecor Inc., according to a corporate filing released Wednesday. "Subject to their election, the Right Honourable Brian Mulroney...will...

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U.S. economy shrinks 1% in first quarter

The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March. The result marked the first retreat in three years, but economists are confident the downturn was temporary. Gross domestic...

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PrairieSky jumps 30% after IPO

Encana spinoff jumps from $28 to more than $36 on first day of trading CBC News Posted: May 29, 2014 10:31 AM ET Last Updated: May 29, 2014 10:31 AM ET Stay Connected with CBC News Latest Business Headlines ...

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Valeant hikes bid to $50 billion for company that makes Botox

Canadian drug giant Valeant Pharmaceuticals is beautifying its bid for Botox maker Allergan, raising the stakes to about $50 billion in cash and stock.  The Quebec-based company will now put up an extra $10 cash per share for the...

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Scotiabank offers 5-year fixed mortgage at 2.97%

Scotiabank has lowered its five-year mortgage rate to 2.97 per cent, beginning a new sally in the war to win business. The rate, effective until June 7, is the lowest among the big banks for a fixed five-year rate. Two weeks ago Investors Group...

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The iHome expected to be Apple's answer to HAL 9000: Don Pittis

"This mission is too important for me to allow you to jeopardize it," says the talking computer in the movie 2001 to the only human he hasn't bumped off yet. Anyone who has watched that 1968 science fiction flick might not be too pleased with the...

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Google plans to build self-driving car with no steering wheel

Google will build a car without a steering wheel. It doesn't need one because it drives itself. The two-seater won't be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will be on public roads. Though not driving...

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Microsoft demos Skype Translator

Microsoft has unveiled a new feature for Skype that's almost straight out of Star Trek's science fiction world — an app that translates conversations between speakers of different languages in real time. "It's going to make sure you can communicate...

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Complaint-based systems failing abused foreign workers: expert

An expert in the abuse of temporary foreign workers says governments expecting a complaints-based approach to catch problems are fooling themselves. 'The only way for this legislation to have teeth is if there is proactive enforcement.'- Fay Faraday,...

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Scotiabank profit hits record in second quarter

Scotiabank boosted its second-quarter net profit by 14 per cent to $1.8 billion, helped by its Canadian banking and global wealth and insurance segments. That's up from $1.58 billion in the same quarter of 2013. Scotiabank said its Canadian banking...

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Customers upset after discounted laptops blamed on website glitch

Computer manufacturer Lenovo is in hot water with some of its customers for refusing to live up to a deal — laptops at extremely low prices — that was erroneously posted on its website. On the weekend, Lenovo's website offered a "door-crasher"...

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Canadians pocket $30 billion from tax cuts in past decade: PBO

Canada's budget watchdog says Canadians are paying Ottawa about $30 billion less this year — or a little less than $1,000 per person — due to tax changes introduced in the past decade. The Parliamentary Budget Officer calculates in a new report that...

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Joe Oliver to announce low-cost bank accounts today

Coming up LIVE New rules expected to mandate free accounts for youth, low-income seniors CBC News Posted: May 27, 2014 10:55 AM ET Last Updated: May 27, 2014 11:28 AM ET Finance Minister Joe Oliver is at the Good Companions Seniors...

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Not the new Karl Marx: Piketty wants to save capitalism, not kill it

He's been called the new Karl Marx. And although it may disappoint both his boosters and his strongest opponents, I can prove that Thomas Piketty is out to rescue global capitalism, not destroy it. But I can also prove that one of the things Piketty...

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Canada's joblessness secret? Some unemployed have simply given up

Almost four out of 10 Canadians who don't have a job have completely given up hope of ever finding one, a new survey suggests. In a poll carried out by Harris Poll and published Friday by employment agency Express Employment Professionals, the company...

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Grain backlog points to need to modernize supply chain

Farmers and farm advocates are keen for Ottawa to pass its legislation geared at getting rail companies to move the huge backlog of grain sitting on Prairie farms and farm silos. But critics are concerned about trying to regulate the relationship between...

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Donald Levine, father of G.I. Joe action figure, dead at 86

Donald Levine, the Hasbro toy company executive credited as the father of G.I. Joe for developing the world's first action figure, has died. He was 86. He died of cancer early Thursday at Home & Hospice Care of Rhode Island, his wife, Nan, said....

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Retailers use smartphones to track your habits in the store

Before store owner Melissa Davis started using mobile analytics, she didn't know much about her customers shopping habits aside from how many came into her trendy sneaker shop each day, and how many of them bought a new pair of kicks. But after signing...

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Grain backlog points to need to modernize supply chain

Farmers and farm advocates are keen for Ottawa to pass its legislation geared at getting rail companies to move the huge backlog of grain sitting on Prairie farms and farm silos. But critics are concerned about trying to regulate the relationship between...

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Thomas Piketty and the economics of inequality

University of Paris economist Thomas Piketty has tapped into the global debate about wealth inequality with his book Capital in the Twenty-First Century. Piketty's argument is that capitalism, with its impetus to innovation, is by and large a good...

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