CBC | Business News

    Concerns of oversupply, slower global economy weigh on oil prices

    Concerns of oversupply, slower global economy weigh on oil prices


    Concern that there's too much oil for a slowing global economy sent a tremour through oil markets Tuesday, as the benchmark price for North American crude fell more than seven per cent to its lowest level since the summer of...

    Concern that there's too much oil for a slowing global economy sent a tremour through oil markets Tuesday, as the benchmark price for North American crude fell more than seven per cent to its lowest level since the summer of 2017.

    Tilray stock jumps on medical cannabis collaboration with pharmaceutical giant

    Tilray stock jumps on medical cannabis collaboration with pharmaceutical giant


    Tilray Inc. shares jump after the B.C.-based company takes another step to strengthen its medical marijuana business outside Canada through a new collaboration with Novartis pharmaceutical group's Sandoz...

    Tilray Inc. shares jump after the B.C.-based company takes another step to strengthen its medical marijuana business outside Canada through a new collaboration with Novartis pharmaceutical group's Sandoz AG.

    OSC settles with Glencore unit Katanga for $30M for misleading about Congo operation

    OSC settles with Glencore unit Katanga for $30M for misleading about Congo operation


    A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company's misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the...

    A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company's misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo.

    Ottawa offers $1.6B backstop for energy sector as political tensions with Alberta fester

    Ottawa offers $1.6B backstop for energy sector as political tensions with Alberta fester


    The federal government is promising more than $1.6 billion — most of it in loans — to support the ailing energy sector, but it's unlikely to snuff heightened political tension between Ottawa and...

    The federal government is promising more than $1.6 billion — most of it in loans — to support the ailing energy sector, but it's unlikely to snuff heightened political tension between Ottawa and Alberta.

    General Dynamics warns Canada: Cancelling Saudi deal would cost billions

    General Dynamics warns Canada: Cancelling Saudi deal would cost billions


    General Dynamics on Monday put pressure on Ottawa over the sale of armoured vehicles to Saudi Arabia, warning that the federal government would incur "billions of dollars of liability" by unilaterally scrapping the...

    General Dynamics on Monday put pressure on Ottawa over the sale of armoured vehicles to Saudi Arabia, warning that the federal government would incur "billions of dollars of liability" by unilaterally scrapping the deal.

    Amazon says it plans to create 600 new tech jobs in Toronto

    Amazon says it plans to create 600 new tech jobs in Toronto


    The online retail behemoth says the jobs will be in fields including software development, machine learning and cloud...

    The online retail behemoth says the jobs will be in fields including software development, machine learning and cloud computing.

    Statistics Canada reports manufacturing sales down 0.1% in October

    Statistics Canada reports manufacturing sales down 0.1% in October


    Statistics Canada says manufacturing sales fell 0.1 per cent in October to $58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal industries fell, offset in part by higher sales in the...

    Statistics Canada says manufacturing sales fell 0.1 per cent in October to $58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal industries fell, offset in part by higher sales in the food and machinery industries.

    Canada lacks gender diversity in AI industry, lags in wage equality: WEF study

    Canada lacks gender diversity in AI industry, lags in wage equality: WEF study


    Canada has the world's fifth largest artificial intelligence workforce, but is still far from closing the gender gap and, for the second consecutive year, is 16th overall across all sectors in rankings compiled by World Economic Forum in its Global...

    Canada has the world's fifth largest artificial intelligence workforce, but is still far from closing the gender gap and, for the second consecutive year, is 16th overall across all sectors in rankings compiled by World Economic Forum in its Global Gender Gap Report 2018.

    China's Huawei says it has secured over 25 commercial 5G contracts

    China's Huawei says it has secured over 25 commercial 5G contracts


    Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile...

    Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications.

    Canadian house price slump makes buyers wary for 2019: Don Pittis

    Canadian house price slump makes buyers wary for 2019: Don Pittis


    Falling real estate costs were supposed to attract buyers who had been priced out of the market. But that's not usually how markets...

    Falling real estate costs were supposed to attract buyers who had been priced out of the market. But that's not usually how markets work.

    Critics ask why rules to protect air passengers are still waiting in the wings

    Critics ask why rules to protect air passengers are still waiting in the wings


    Transport Canada has unveiled a draft of new rules to protect air passengers. Critics question why, after two years in the making, those rules have yet to take...

    Transport Canada has unveiled a draft of new rules to protect air passengers. Critics question why, after two years in the making, those rules have yet to take effect.

    Chinese automakers' Canadian expansion plans on hold over Huawei CFO's arrest, says auto sector spokesman

    Chinese automakers' Canadian expansion plans on hold over Huawei CFO's arrest, says auto sector spokesman


    Several Chinese automakers planning to expand production into Canada have put their plans on hold over the Vancouver arrest of Chinese telecom giant Huawei’s CFO, says Flavio Volpe, president of the Canadian Automotive Parts Manufacturers’...

    Several Chinese automakers planning to expand production into Canada have put their plans on hold over the Vancouver arrest of Chinese telecom giant Huawei’s CFO, says Flavio Volpe, president of the Canadian Automotive Parts Manufacturers’ Association.

    TSX at 2-year low, Dow loses another 500 points

    TSX at 2-year low, Dow loses another 500 points


    New York’s Dow Jones Industrial Average fell 507 points or 2.1 per cent Monday, and the TSX was at a two-year low as investors turned cautious ahead of an expected announcement from the U.S. Federal...

    New York’s Dow Jones Industrial Average fell 507 points or 2.1 per cent Monday, and the TSX was at a two-year low as investors turned cautious ahead of an expected announcement from the U.S. Federal Reserve.

    CRTC says cheaper data-only plans on the way

    CRTC says cheaper data-only plans on the way


    The country's three national wireless carriers have agreed to offer "broad range" data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry's federal regulator...

    The country's three national wireless carriers have agreed to offer "broad range" data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry's federal regulator said Monday.

    19% of women, 13% of men report workplace harassment in StatsCan survey

    19% of women, 13% of men report workplace harassment in StatsCan survey


    About 19 per cent of Canadian women and 13 per cent of men reported being harassed in the workplace, with the highest level of harassment in health-care jobs, according to Statistics...

    About 19 per cent of Canadian women and 13 per cent of men reported being harassed in the workplace, with the highest level of harassment in health-care jobs, according to Statistics Canada.

    Canadian home sales will fall to 9-year low next year, CREA forecasts

    Canadian home sales will fall to 9-year low next year, CREA forecasts


    National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate...

    National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association.

    Canadian Chamber of Commerce solidly backs carbon pricing

    Canadian Chamber of Commerce solidly backs carbon pricing


    The Canadian Chamber of Commerce says the business community in Canada is solidly backing carbon pricing as the way for it to "play its part in the fight against climate change" — and it wants governments to stop playing politics and waffling about...

    The Canadian Chamber of Commerce says the business community in Canada is solidly backing carbon pricing as the way for it to "play its part in the fight against climate change" — and it wants governments to stop playing politics and waffling about it.