CBC | Business News

    '(It's) the way to go': Brian Mulroney explains his about-face on cannabis

    '(It's) the way to go': Brian Mulroney explains his about-face on cannabis


    Former prime minister Brian Mulroney — whose government once introduced legislation continuing to classify marijuana in the same category as heroin — has not only become a born-again weed evangelical, but now says Canada is poised to influence the...

    Former prime minister Brian Mulroney — whose government once introduced legislation continuing to classify marijuana in the same category as heroin — has not only become a born-again weed evangelical, but now says Canada is poised to influence the rest of the world to join the cannabis bandwagon.

    Edmonton Girl Guide sells out of cookies in cannabis store lineup

    Edmonton Girl Guide sells out of cookies in cannabis store lineup


    When Edmontonians lined up to buy cannabis from retail stores on Wednesday, Girl Guide Elina Childs saw a business...

    When Edmontonians lined up to buy cannabis from retail stores on Wednesday, Girl Guide Elina Childs saw a business opportunity.

    Majority of first-time buyers maxed out budgets to buy a home: CMHC

    Majority of first-time buyers maxed out budgets to buy a home: CMHC


    A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage and Housing...

    A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage and Housing Corp.

    Locking in your mortgage could save you money, but it depends on your plans

    Locking in your mortgage could save you money, but it depends on your plans


    Homeowners with variable mortgage rates have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four...

    Homeowners with variable mortgage rates have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times.

    How much longer can Canada's low oil price last?

    How much longer can Canada's low oil price last?


    The Western Canadian oil industry is losing at least $100 million every day, according to an analyst's...

    The Western Canadian oil industry is losing at least $100 million every day, according to an analyst's estimate.

    Surging U.S. deficit a warning for Canadians wanting tax cuts: Don Pittis

    Surging U.S. deficit a warning for Canadians wanting tax cuts: Don Pittis


    A call from a Canadian Senate committee to follow the U.S. lead in cutting corporate taxes comes just as the hazards of that policy loom larger south of the...

    A call from a Canadian Senate committee to follow the U.S. lead in cutting corporate taxes comes just as the hazards of that policy loom larger south of the border.

    Shares of pot companies enter age of legalization with a thud

    Shares of pot companies enter age of legalization with a thud


    On the first day that Canadians are legally allowed to get high, stocks in Canadian marijuana companies did something perhaps unexpected: they went...

    On the first day that Canadians are legally allowed to get high, stocks in Canadian marijuana companies did something perhaps unexpected: they went low.

    Canada to apply USMCA cultural exemption to trade in digital media

    Canada to apply USMCA cultural exemption to trade in digital media


    The broad cultural exemption Canada fought to keep in the renegotiation of the North American free trade deal will allow for Canadian content rules in digital media. But the Trudeau government will not apply the exemption to avoid extending the length of...

    The broad cultural exemption Canada fought to keep in the renegotiation of the North American free trade deal will allow for Canadian content rules in digital media. But the Trudeau government will not apply the exemption to avoid extending the length of copyright protections for artistic works.

    Federal government's tariff relief plan faces criticism; Morneau says 50 firms tariff-free

    Federal government's tariff relief plan faces criticism; Morneau says 50 firms tariff-free


    Finance Minister Bill Morneau says 50 Canadian companies have so far been exempted from paying surtaxes on U.S. steel and aluminum imports that have been in place since Ottawa imposed retaliatory tariffs last...

    Finance Minister Bill Morneau says 50 Canadian companies have so far been exempted from paying surtaxes on U.S. steel and aluminum imports that have been in place since Ottawa imposed retaliatory tariffs last summer.

    U.S. border patrol warns 'amnesty' for pot convictions doesn't guarantee entry

    U.S. border patrol warns 'amnesty' for pot convictions doesn't guarantee entry


    A senior U.S. border patrol official is warning travellers that cannabis remains an illegal narcotic in the U.S. — and even if you've been granted amnesty for a previous pot-related criminal conviction, you could still be denied entry to the United...

    A senior U.S. border patrol official is warning travellers that cannabis remains an illegal narcotic in the U.S. — and even if you've been granted amnesty for a previous pot-related criminal conviction, you could still be denied entry to the United States.

    Canada Post workers could begin rotating strikes Monday

    Canada Post workers could begin rotating strikes Monday


    The Canadian Union of Postal Workers says it has given strike notice to Canada Post that workers could walk off the job as early as next...

    The Canadian Union of Postal Workers says it has given strike notice to Canada Post that workers could walk off the job as early as next week.

    TSX posts best day in 6 months despite pullback in cannabis shares

    TSX posts best day in 6 months despite pullback in cannabis shares


    Canada's main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday's...

    Canada's main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday's legalization.

    B.C. government moves ahead with speculation tax on vacant homes

    B.C. government moves ahead with speculation tax on vacant homes


    The provincial government is moving ahead with a controversial tax that targets secondary homes left vacant by homeowners, along with properties held by foreign...

    The provincial government is moving ahead with a controversial tax that targets secondary homes left vacant by homeowners, along with properties held by foreign owners.

    Canadian cannabis entrepreneurs dream big in the face of uncertainty

    Canadian cannabis entrepreneurs dream big in the face of uncertainty


    Investors in cannabis startup Fire and Flower have invested millions of dollars in the creation of a retail brand, leasing stores and hiring top staff. Like others entering the crowded field, they hope to be the dominant player in the $4.34-billion...

    Investors in cannabis startup Fire and Flower have invested millions of dollars in the creation of a retail brand, leasing stores and hiring top staff. Like others entering the crowded field, they hope to be the dominant player in the $4.34-billion Canadian cannabis market. But nothing is certain in this emerging industry.

    Drilling forecast bleak as discount for Canadian oil persists, analyst says

    Drilling forecast bleak as discount for Canadian oil persists, analyst says


    The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon...

    The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison.