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Indian billionaire Adani, 3 former executives of Canadian pension fund charged in fraud scheme

Indian billionaire Gautam Adani, one of Asia's richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. But it's unclear just how the case will affect his businesses and own future -- ...

cbc.ca — 1 day ago

Canada Post says it lost $315M pre-tax in 3rd quarter

Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier.

cbc.ca — 1 day ago

'We got completely played for suckers,' MP says of recent takeovers in Canadian forestry

Opposition MPs are aghast that after buying up two major Canadian companies, the foreign owner of one of Canada's biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family -- a ...

cbc.ca — 1 day ago

Will the Canadian dollar slip below 70 cents US?

The Canadian dollar has slipped to its lowest level in five years. Outside of the depths of the COVID pandemic, the loonie is weaker than it's been since 2015.

cbc.ca — 1 day ago

What the GST holiday means for consumers -- and why some economists are worried

When Canadians start taking advantage of a two-month tax break on Dec. 14, some small businesses say it will give them a much-needed holiday boost during a weak year for consumer spending. But some economists worry about what a spending rush will ...

cbc.ca — 1 day ago

Northvolt's bankruptcy filing won't affect Quebec battery plant, says economy minister

Quebec Economy Minister Christine Fréchette is reassuring the province following the announcement that Northvolt, the Swedish battery manufacturer, has filed for bankruptcy protection.

cbc.ca — 2 days ago

Montreal fashion brand Groupe Dynamite launches IPO on Toronto Stock Exchange

Groupe Dynamite, the Montreal company behind women's fashion retailers Dynamite and Garage, has launched its initial public offering on the Toronto Stock Exchange and starts trading Thursday.

cbc.ca — 2 days ago

Google must sell Chrome to restore competition in online search, U.S. Justice Department says

Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures -- including possibly selling Android -- to end its monopoly on online search, prosecutors argued to a judge on Wednesday.

cbc.ca — 2 days ago

Tom's of Maine toothpaste tainted with bacteria, says U.S. Food and Drug Administration

A recent inspection of a Tom's of Maine facility found that the company's toothpaste was made using bacteria-tainted water, among other health violations, according to the U.S. Food and Drug Administration.

cbc.ca — 3 days ago

Competition Bureau launches investigation into furniture retailers Leon's, The Brick

The Competition Bureau says it has advanced an investigation into furniture retailer Leon's and its subsidiary The Brick over deceptive marketing practices.

cbc.ca — 3 days ago

Alleged 'potato cartel' accused of conspiring to raise price of frozen fries, tater tots across U.S

Two proposed class actions filed this week in U.S. District Court claim that four leading potato companies -- including two Canadian ones -- have privately swapped intel to inflate the price of frozen potato goods like fries, hash browns and tater .. ...

cbc.ca — 3 days ago

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