business
After he returned mistaken $24,000 tax refund, his CRA account was locked, actual tax refunds delayed
When Alex Pilon received a $24,274.26 deposit in his bank account last March labelled ‘Tax Refund – Canada’ he knew it was a mistake, contacted the Canada Revenue Agency and returned the full amount. A year and a half later, the Thunder Bay, Ont., resident has been locked out of his CRA account and still […]
$8M settlement proposed in beef price-fixing class action
Those who bought beef after 2015 could be eligible for a share of nearly $8 million as part of a proposed settlement with companies over allegations of price-fixing. The deal still needs to be approved by the courts. Source link
Court strikes down confidentiality clause for air travel complaints process
The Canadian Transportation Agency’s complaint resolution process, in place since 2023, had prevented passengers and airlines from publicly disclosing the result of complaints. Airlines argued those cases involved sensitive information, but an Ontario judge said in a ruling today that the confidentiality rule wasn’t necessary. Source link
Meta building its first Canadian data centre northeast of Edmonton
Meta was revealed Wednesday as the proponent of a data centre in Sturgeon County, northeast of Edmonton. Source link
Asking rents in Canada fall more than 4% from last year, according to report
A report from Rentals.ca and Urbanation says Canada saw its 21st consecutive month of year-over-year declines in rent. British Columbia and Ontario saw the biggest drops, while Atlantic Canada rents rose. Source link
Oil prices jump 8% and stocks fall after Trump says ceasefire with Iran is 'over'
The price for a barrel of Brent crude oil, the international standard, rose to about $80 US by midday Wednesday following the resumption of strikes in the Middle East. Major U.S. indexes also followed global markets on a downward trajectory. Source link
Air Canada names Anko Van der Werff as new president and CEO
Air Canada on Wednesday named Anko Van der Werff as its next president and CEO. Source link
Rogers shutters radio stations in Vancouver, Calgary, Halifax and Kitchener
In a statement Tuesday, the company said the closures affect stations in Vancouver, Calgary, Halifax and Kitchener. Source link
Canada's trade surplus hits four-year high in May, led by jump in exports to U.S.
Canada’s merchandise trade surplus widened in May. This was the third consecutive month of trade surplus for Canada and was led by a 1.5 per cent jump in exports to the U.S., the country’s largest trading partner. Source link
Microsoft to cut 4,800 jobs, overhaul Xbox unit
Microsoft said on Monday it would cut 4,800 jobs, or about 2.1 per cent of its global workforce, including overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns after years of heavy investment in the division. Source link