Canada's economy shrank for the first time this year in August

Canada's economy contracted for the first time this year in August. (Norm Betts/Bloomberg) Canada's gross domestic product shrank for the first time in eight months in August, contracting 0.1 per cent as a small expansion in services wasn't enough...

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Some Air Canada staff hate the new carry-on bag policy as much as you do

It's been a month since Air Canada launched its carry-on crackdown where customer service agents stop and confront travellers at check-in to ensure their cabin bags meet size limits. Bags that don't make the cut now must be checked. The move has...

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Banks, credit card firms agree to cut fees charged to retailers

Canada's major banks and credit card companies have reached a deal with the federal government to cut the fees charged to merchants for credit transactions, sources familiar with the negotiations say. The voluntary agreement could mean cost savings...

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Cliffs Resources officially closing Wabush Mines

The provincial government has been notified by Cliffs Natural Resources of the company's plans to officially close Wabush Mines in Labrador. "We have all known for some time that the closure of the mine in Wabush was a possibility. However, this does...

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Bombardier's $3.4B Russian venture on hold amid sanctions

Bombardier is suspending negotiations on a $3.4-billion proposal to assemble turboprop aircraft in Russia due to the country's political situation and weak economy. "We're not moving ahead because the conditions are not right at this point in time for...

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'I'm proud to be gay,' Apple CEO Tim Cook says

Apple chief executive Tim Cook has come out of the closet. The public declaration, in an essay written for Bloomberg Businessweek magazine, makes public what had been widely known in some corporate circles. And more importantly, it likely makes...

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Voice calls during flights mulled by U.S.

Airline travel already has delays, cramped seating, luggage fees and expensive extras like, oh, sandwiches. Here's another potential irritation for that list: loud talkers on cellphones. A U.S. Department of Transportation committee is examining...

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Transport Canada aware of deadly GM defect 8 months before recall

Transport Canada was aware of a potential problem with ignition switches in the Chevrolet Cobalt eight months before General Motors Canada issued a recall notice for the deadly defect, the fifth estate has learned. General Motors has so far accepted...

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Income-splitting changes coming from Tories

Prime Minister Stephen Harper will on Thursday unveil a scaled-down version of the Conservatives' 2011 campaign commitment to allow income-splitting by parents with children younger than 18 once the federal budget is balanced. Sources tell CBC News...

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TransCanada formally applies to NEB for Energy East pipeline approval

TransCanada has officially filed for government approval for the $12 billion Energy East pipeline project with the National Energy Board. The company has submitted a formal application for the project, which would carry 1.1 million barrels per...

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Looking for an economic recovery that speaks English: Don Pittis

There's magic in the air. Can you feel it? Things were supposed to look so much more gloomy today with Federal Reserve chair Janet Yellen expected to end the stimulative effect of quantitative easing. Instead, there is new evidence that led by...

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Lac-Mégantic: Lisa Raitt announces rail safety rules based on crash findings

New requirements for hand brakes and other safety devices to ensure parked trains stay put are among the changes Transport Canada will enforce in response to the devastating 2013 rail disaster in Lac-Mégantic, Que. Transport Minister Lisa...

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Wage gap is smaller in public sector, especially for minorities, CCPA says

A government worker on the right helps a taxi driver at the licensing office in Chicago. The wage gap that minorities face is much smaller in the public sector than in the private, the CCPA says. (M. Spencer Green/Associated Press) A new report says...

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Cameco posts net loss of $146M in Q3, adjusted earnings fall 57%

Cameco's flagship uranium operation is its mill at Key Lake, Sask. (CBC) Cameco Corp. announced Wednesday it posted a $146-million net loss in the third quarter as revenue fell 57 per cent from a year earlier. The Saskatoon-based company's adjusted...

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Apple Pay not expected in Canada any time soon

While Apple is heralding Apple Pay, its new mobile payment system, as a roaring success, Canadians shouldn't expect to use their newest iPhone to pay for goods any time soon, as It's unlikely the company will be rolling out the service in...

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Get ready for $70 oil, Goldman Sachs predicts

One of the world's leading investment banks says the benchmark price of North American oil is going to fall even further, to $70 US a barrel by next spring. Investment bank Goldman Sachs slashed its forecast late Sunday night for both West Texas Intermediate...

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Lure of downtown living driving housing market, report suggests

The Canadian Press Posted: Oct 28, 2014 9:34 AM ET Last Updated: Oct 28, 2014 9:34 AM ET Stay Connected with CBC News Latest Business Headlines TSX COMPOSITE Oct 28, 2014 11:15 AM ET Oct 28, 2014...

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Twitter stock drops 13% on signs of slowing growth

Twitter now has 284 million active monthly users, but that's still less than a quarter of Facebook's reach. (Chris Ratcliffe/Bloomberg) Twitter's third-quarter revenue outpaced expectations, but investors concerned about user growth and holiday-quarter...

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Fine art becoming more consumer-friendly

The average consumer who wants to explore the rarefied, exclusive world of fine art may find that arcane market a bit more open and welcoming these days. For the novice art lover, some galleries — with their sparse, silent spaces, lack...

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Not served in French, Ottawa couple wins Supreme Court case against Air Canada

The Supreme Court has ruled in favour of an Ottawa couple who sued Air Canada for not adhering to Canadian language laws, but has also decided they are not entitled to any financial compensation. Michel and Lynda Thibodeau had sued the...

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13 European banks flunk central bank's stress test

The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by €10 billion ($12.5 billion US). The ECB said 25 banks in all were found to need...

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Halloween spending set to boom

Canadians are expected to pay more for Halloween-related activities this year. (Getty Images) Halloween holds no fear for retailers. In fact, rather than spooking the economy, all those little (and sometimes not so little) ghosts and goblins scare...

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Canadian telecom bundling deals should be easier to understand, watchdog says

The deal seemed so good, it was impossible to pass up. At least that's what Patrisha D'Croix thought when she received a promotional offer from Bell last December. D'Croix says she signed up for a 12-month deal which included a cable, internet and...

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Age of the public apology: How saying sorry has gone pro

(Listen to Josh Bloch's full documentary "I'm Sorry: The Art and Artifice of the Apology" on CBC radio's Ideas, Oct. 27 at 9 p.m.)  It's Justin Beiber apologizing for using a racial slur, Urban Outfitters saying sorry for its tasteless Kent...

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