business
Nestle cutting 16,000 jobs worldwide in effort to reduce costs
Nestle is cutting 16,000 jobs globally as part of efforts to revive its financial performance. Source link
Canadian Tire will start selling iconic Hudson's Bay blankets, donating proceeds to Indigenous fund
Canadian Tire acquired HBC’s intellectual property, including the striped blanket design, earlier this year for $30 million as part of the wind down of the retailer. Source link
New home construction up 14% in September from previous month, says CMHC
Canadian housing starts rose 14 per cent in September compared with the previous month, a sharper increase than expected, data from the national housing agency showed on Thursday. Source link
Canadian home sales slumped in September for 1st time since April
The drop in sales came despite an interest rate cut in September. But an economist says the figures aren’t worrying when compared to recent years. Source link
Tank top ads on Amazon using 'offensive' phrase pulled from site after CBC investigation
Several ads on Amazon for tank tops that use the term “wife beater,” a phrase deemed offensive by Canada’s advertising watchdog, have been pulled from the retail giant’s Canadian website following a CBC News investigation. Amazon told CBC it has no issues with the phrase and said third-party sellers must have acted on their own […]
Ottawa threatens Stellantis with legal action over Brampton plant reversal
The federal government is threatening automaker Stellantis with legal action if the company doesn’t “respect its obligations” to Canadians, according to a letter obtained by CBC News, years after the company agreed to an auto pact promising billions of dollars in performance incentives. Source link
Alberta beef entering Mexico’s Costco market where U.S. cuts once reigned
Alberta beef is now stocked in the meat section of Costco Mexico’s 41 locations, joining a host of other Canadian products on the shelves of the retail giant in the country. Agriculture Minister Heath MacDonald was on hand for a ribbon cutting in front of a Costco cooler filled with prime Alberta cuts during a […]