Canada’s central bank raised its benchmark interest rate to 3.75 per cent as part of its ongoing effort to bring down inflation. Bank of Canada governor Tiff Macklem pointed to signs of an economic slowdown that may tame inflation, but...

The chief economist of the International Monetary Fund is warning that Canada faces economic challenges in the months ahead as concerns loom about a potential recession.

Canada’s consumer watchdog says it will study competition in the grocery industry and whether having more retail competitors could push back on price increases. But some industry experts say the issue goes deeper than how many grocery...

With another interest rate hike expected this week economists say a recession is on the horizon. The good news: This economic downturn is not expected to be as severe as past recessions, and could help lower inflation.

Loblaw says it’s freezing prices on its No Name products until 2023 to help Canadians struggling with inflation. But with major grocery chains seeing their profits increase, some are questioning whether they should be the target of...

New numbers show Canada's housing market is continuing to cool, with home sales down 32 per cent this September compared with the same time a year ago, and prices down 6.6 per cent.

In Ontario, employers must now disclose if they have been using productivity tracking software to keep tabs on their employees. Experts say while this may address transparency concerns, businesses should be tracking output instead.

Loblaws now has five self-driving trucks hitting the roads in the Toronto area, transporting products from a warehouse to PC Express locations. For now, these driverless vehicles are on fixed routes and won’t be delivering anything...

Canadians who prefer to pay with Visa and MasterCard could get hit with extra fees starting Thursday. After a long legal battle over who pays certain credit card processing fees, businesses can now pass those charges — as much as two per...

With CBC’s Marketplace celebrating 50 years on the air, David Common reintroduces audiences to Joan Watson. The show’s original host in 1972 was a trailblazing woman who helped the first national consumer investigative show in Canada...

Bringing the latest from the business world for September 29, 2022.

New numbers show Canada’s inflation rate dropped again to seven per cent in August, but grocery prices are still at their highest in decades.

A surge in the U.S. dollar combined with other factors has pushed the Canadian dollar to its lowest level in two years. It could hurt businesses selling products made south of the border, and customers could soon feel it too.

Traditional automakers and startups alike are accelerating their electric vehicle plans as demand soars due to high gas prices and U.S. President Joe Biden announcement of a huge investment in building electric vehicle chargers.

The Bank of Canada hiked its interest rate again Wednesday in an attempt to reign-in runaway inflation, and signalled it likely would need to rise even further. It’s tough news for financially strapped Canadians already struggling under...

Canadians may be turning to more to credit cards just to get by with balances hitting the highest level in three years, new data from Equifax shows. Between paying off high-interest costs and rising inflation not being met by a...

A decade after closing its doors, Hudson’s Bay Company wants to revive the Zellers brand. The company says it plans to launch a new e-commerce website and sell products under the discount label in some Bay stores by early 2023.

Some businesses and employees are worried that the end of many federal pandemic benefits will make it even harder to stay afloat.

Several of the federal government’s pandemic supports for businesses and individuals have ended, and some are worried about what the future holds because they’re not eligible for the new, more targeted programs.

A September surge in hiring has brought Canada's job numbers back to pre-pandemic levels. But many are still being left behind, even as the job market expands.

A massive new leak of tax-haven financial records, even bigger than the Panama Papers, show 35 current or former world leaders and more than 300 other public officials around the globe who have held assets in or through tax havens.

Canadian cattle ranchers are worried about the possibility the U.S. could try to bring back a rule that beef must be labelled with its country of origin. It’s a move that has hurt business in the past.

Frustrated customers of Sunwing Airlines have had a long wait to be refunded for flights cancelled due to the pandemic - even as other carriers compensate their flyers.

Real estate has become a hot property during the pandemic. But many potential home buyers are finding themselves frustrated, after repeatedly being outbid. Some are lodging official complaints, accusing some realtors of acting unethically.