business
Keystone XL: What Trump’s focus on an oil pipeline says about Canada-U.S. trade
U.S. President Donald Trump says the Keystone XL oil pipeline project “may be awoken from the grave.” Experts suggest the remark may have more to do with politics than petroleum. Source link
Meta trial begins with states accusing social media giant of exploiting, intentionally addicting children
Meta Platforms rejected accusations by U.S. states that it intentionally sought to addict children to its Facebook and Instagram platforms in pursuit of profit as a trial that could reshape some of the most popular apps on the planet got underway Tuesday. Source link
Columbia House, which once promised 12 CDs for a penny, removes notice of closure
Columbia House, the company that lured millions of customers into mail-order memberships with the promise of 12 CDs for a penny, said it was shutting down after 71 years. CBC News has contacted the company after the notice was removed from its website. Source link
July home sales down 5.3% from last year, but market becoming more balanced: CREA
The Canadian Real Estate Association says home sales in July were down compared with a year ago, but edged slightly higher month over month. Source link
'Owners are afraid': New tariffs could cut sales in half for some Canadian businesses
The new slate of tariffs are set to hit a range of industries, ranging from lumber to electronics, manufacturing to dairy. Regardless of the sector, these small business owners fear the new levies will take a massive bite out of their cross-border sales. Source link
What's at stake as Meta faces potential landmark trial in U.S. federal court
Meta has lost two trials concerning child safety on its platforms so far this year and settled a third case. The company now faces what could be its most consequential trial yet, in federal court beginning Tuesday. Source link
Inflation rate rose to 3% in July as gas prices climbed again
The resumption of hostilities in the Middle East in July sent gas pump prices back up, after a brief ceasefire cooled them in June. Inflation for food bought from stores cooled in July, with fresh vegetable and chicken prices driving the decline. Source link
Why is Australian beef the cheaper option in Canadian grocery stores?
Australian beef is on supermarket shelves across Saskatchewan now, and the prices are much lower than for Canadian beef. Source link
Canadair water-bomber builder feels heat of demand as wildfires rage around the world
As Canada, the United States and Europe grapple with another brutal wildfire season, pressure is building on the manufacturer of the Canadair “Super Scooper” water bombers to increase production, and on the federal government to bulk order the planes. Source link
Stellantis is considering closing and selling Brampton Assembly plant, Unifor says
A national union says it was told by Stellantis this week that it is seriously considering the closure and sale of the Brampton Assembly Plant. In a statement, Stellantis said its focus remains on finding a sustainable manufacturing solution for the plant. Source link