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<?xml version="1.0" encoding="UTF-8"?><rss xmlns:cbc="https://www.cbc.ca/rss/cbc" version="2.0"> <channel> <title><![CDATA[CBC | Business News]]></title> <description><![CDATA[FOR PERSONAL USE ONLY]]></description> <link>https://www.cbc.ca/news/business/?cmp=rss</link> <copyright><![CDATA[Copyright: (C) Canadian Broadcasting Corporation, http://www.cbc.ca/aboutcbc/discover/termsofuse.html#Rss]]></copyright> <docs><![CDATA[https://www.cbc.ca/rss]]></docs> <lastBuildDate>Sat, 04 May 2024 16:32:30 EDT</lastBuildDate> <image> <title><![CDATA[CBC | Business News]]></title> <url>https://www.cbc.ca/rss/image/cbc_144.gif</url> <link>https://www.cbc.ca/news/business/?cmp=rss</link> </image> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[TD Bank could face more severe penalties after drug money laundering allegations, says analyst]]></title> <link>https://www.cbc.ca/news/business/td-bank-money-laundering-allegations-1.7193529?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.4022523.1714762088!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/td-bank-logo.jpg' alt='The TD bank logo glows with a green hue.' width='620' height='349' title='TD Bank customers who have fraud claims denied say the bank needs to do more to ensure investigations are thorough. '/><p>TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.</p>]]></description> <pubDate>Fri, 03 May 2024 15:25:02 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7193529</guid> <cbc:authorName>Ian Bickis</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.642" cbc:syndicate="true"> <title><![CDATA[WestJet issues lockout notice to mechanics' union]]></title> <link>https://www.cbc.ca/news/canada/calgary/westjet-amfa-lockout-nocice-1.7194437?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6982882.1708949317!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/westjet-flight-yul.jpg' alt='Planes on tarmac in foreground, Westjet plane taking off. Airport building in background.' width='620' height='349' title='Westjet flight at Montreal-Trudeau Airport on April 24, 2023. '/><p>Airline president says work stoppages could begin as early as Tuesday at noon MT.</p>]]></description> <pubDate>Sat, 04 May 2024 15:12:12 EDT</pubDate> <category>News/Canada/Calgary</category> <guid isPermaLink="false">1.7194437</guid> <cbc:authorName>Jim Brown</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.636" cbc:syndicate="true"> <title><![CDATA[Canada Post lost $748 million last year, warns of 'critical' financial situation]]></title> <link>https://www.cbc.ca/news/politics/canada-post-748-million-loss-2023-1.7193944?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7091501.1705964134!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/que-spring-floods-20230504.JPG' alt='A red mail box is surrounded by flood water.' width='620' height='349' title='A partially flooded Canada Post mail box is seen in the Gatineau, Que. region on Thursday, May 4, 2023. Flood warnings are in effect for the national capital region following significant rainfall and increased water runoff.'/><p>Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.</p>]]></description> <pubDate>Fri, 03 May 2024 19:13:22 EDT</pubDate> <category>News/Politics</category> <guid isPermaLink="false">1.7193944</guid> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="false"> <title><![CDATA[Amazon Prime's NHL deal breaches cable TV's last line of defence: live sports]]></title> <link>https://www.cbc.ca/news/business/armstrong-amazon-nhl-sports-broadcasting-1.7192269?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7190121.1714525356!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/maple-leafs-bruins-hockey.jpg' alt='NHL linesman Jonny Murray, center, tries to separate Boston Bruins left wing Brad Marchand (63) and Toronto Maple Leafs right wing Mitch Marner (16) during the second period of Game 5 of an NHL hockey Stanley Cup first-round playoff series, Tuesday, April 30, 2024, in Boston. (AP Photo/Charles Krupa)' width='620' height='349' title='NHL linesman Jonny Murray, center, tries to separate Boston Bruins left wing Brad Marchand (63) and Toronto Maple Leafs right wing Mitch Marner (16) during the second period of Game 5 of an NHL hockey Stanley Cup first-round playoff series, Tuesday, April 30, 2024, in Boston.'/><p>Cable TV's last line of defence against cord cutting has long been the audience for live sports. But streaming companies that have bled the cable giants of viewers for years are now bidding for the rights to stream NHL, NBA, MLB and NFL games.</p>]]></description> <pubDate>Fri, 03 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7192269</guid> <cbc:authorName>Peter Armstrong</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Is the Loblaw boycott privileged? Here's why some people aren't shopping around]]></title> <link>https://www.cbc.ca/news/business/loblaw-boycott-privilege-1.7192869?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7192908.1714744558!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/no-name-product-price-freeze.jpg' alt='A grocery cart full of no-name brand items in the aisle of a grocery store' width='620' height='349' title='Loblaws- Provigo: Price freeze on several NO-NAME brands. Photo taken Oct. 17, 2022 in Montreal. '/><p>Location. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer.</p>]]></description> <pubDate>Fri, 03 May 2024 16:12:17 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7192869</guid> <cbc:authorName>Natalie Stechyson</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Canada's shopping for a foreign grocer. Can an international retailer succeed here?]]></title> <link>https://www.cbc.ca/news/business/foreign-grocers-industry-minister-1.7188426?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7188444.1714417679!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/britain-grocers.JPG' alt='A shopper pushes a cart into a grocery store.' width='620' height='349' title='A shopper walks inside an ALDI supermarket near Altrincham, Britain, on Feb. 20, 2023. The German chain is among the top brass of European grocers that the government is reportedly courting to enter the Canadian market.'/><p>With some Canadian consumers struggling to afford groceries, and as frustrations with corporate profits boil over, the federal government says it's trying to coax international grocers to set up shop in Canada. </p>]]></description> <pubDate>Fri, 03 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7188426</guid> <cbc:authorName>Jenna Benchetrit</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Can a Canadian ride-hailing startup compete with Uber and Lyft?]]></title> <link>https://www.cbc.ca/news/business/hovr-uber-lyft-competitor-1.7188925?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7191359.1714662541!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/harrison-amit.jpg' alt='A man in a parking lot wearing black ball cap, shirt and pants stands beside a black car with large green lettering spelling H-o-v- r . ' width='620' height='349' title='Harrison Amit, CEO of the new ride-hailing app Hovr hopes to compete with Uber and Lyft and win over drivers with a different pay structure. Here he poses with the company's promotional car. '/><p>A new ride-hailing app promising fair pay to drivers is launching today, starting in the Toronto area, to take on Uber and Lyft. The company believes it will attract drivers by paying them 100 per cent of fares and charging only a membership fee to work for the service.</p>]]></description> <pubDate>Thu, 02 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7188925</guid> <cbc:authorName>James Dunne</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Peloton CEO steps down as fitness company announces 15% cut to global workforce]]></title> <link>https://www.cbc.ca/news/business/peloton-ceo-steps-down-15-per-cent-cut-workforce-1.7191721?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6014703.1714663409!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/peloton-recall.jpg' alt='The Peloton logo is shown on a stationary bicycle.' width='620' height='349' title='FILE - This Nov. 19, 2019 file photo shows a Peloton logo on the company's stationary bicycle in San Francisco. Peloton is recalling its treadmills after one child died and 29 other children suffered from cuts, broken bones and other injuries from being pulled under the rear of the treadmill. The U.S. Consumer Product Safety Commission said Wednesday, May 5, 2021, that Peloton received 72 reports of adults, kids, pets or other items, such as exercise balls, being pulled under the treadmill. (AP Photo/Jeff Chiu, File)'/><p>Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.</p>]]></description> <pubDate>Thu, 02 May 2024 11:40:54 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7191721</guid> </item> <item cbc:type="story" cbc:deptid="2.641" cbc:syndicate="true"> <title><![CDATA[London Drugs reviewing billions of lines of code as it attempts to recover from cybersecurity incident]]></title> <link>https://www.cbc.ca/news/canada/british-columbia/london-drugs-cybersecurity-stores-closed-day-5-1.7191974?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7189169.1714672890!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/london-drugs.jpg' alt='A London Drugs sign.' width='620' height='349' title='London Drugs is pictured during a store closure due to a cyberattack in Surrey, B.C on Monday April 29, 2024. '/><p>London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again.</p>]]></description> <pubDate>Thu, 02 May 2024 14:35:57 EDT</pubDate> <category>News/Canada/British Columbia</category> <guid isPermaLink="false">1.7191974</guid> </item> <item cbc:type="story" cbc:deptid="2.636" cbc:syndicate="true"> <title><![CDATA['We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs]]></title> <link>https://www.cbc.ca/news/politics/bank-of-canada-macklem-closer-cutting-interest-rates-1.7191597?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7191605.1714658308!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/finance-committee-20240502.JPG' alt='Bank of Canada Governor Tiff Macklem arrives to appear as a witness at a House of Commons Finance Committee in Ottawa on Thursday, May 2, 2024.' width='620' height='349' title='Bank of Canada Governor Tiff Macklem arrives to appear as a witness at a House of Commons Finance Committee in Ottawa on Thursday, May 2, 2024.'/><p>The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday.</p>]]></description> <pubDate>Thu, 02 May 2024 10:17:06 EDT</pubDate> <category>News/Politics</category> <guid isPermaLink="false">1.7191597</guid> <cbc:authorName>John Paul Tasker</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off]]></title> <link>https://www.cbc.ca/news/business/loblaw-q1-revenue-boycott-1.7190272?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7153515.1711206018!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/03-04-loblaw-hq-headquarters-early-spring-drone-photos.jpg' alt='A drone picture of a large company sign reading 'LOBLAW Companies Limited'.' width='620' height='349' title='Aerial (drone) Images of Loblaw Companyheadquarters in early. Shot March 4, 2024'/><p>Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.</p>]]></description> <pubDate>Wed, 01 May 2024 10:10:11 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7190272</guid> <cbc:authorName>Jenna Benchetrit</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting]]></title> <link>https://www.cbc.ca/news/business/us-federal-reserve-interest-rates-1.7190790?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6972910.1695234155!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/usa-fed-powell.JPG' alt='Federal Reserve chair Jerome Powell is shown.' width='620' height='349' title='Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. REUTERS/Kevin Lamarque'/><p>The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.</p>]]></description> <pubDate>Wed, 01 May 2024 16:47:31 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7190790</guid> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[More stores are ditching self-checkout amid theft and customer complaints]]></title> <link>https://www.cbc.ca/news/business/self-checkout-walmart-giant-tiger-1.7188556?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.5109178.1714474287!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/the-great-reset-disappearing-jobs.jpg' alt='Signs indicating where the self-checkouts are in a store. ' width='620' height='349' title='In this Sept. 23, 2011, photo, a row of self checkout lines are available at a Big Y supermarket in Manchester, Conn.'/><p>It was predicted that the all-self-checkout format would eventually become the norm. But, instead, several big box chains in Canada and the U.S. continue to ditch self-checkout machines at a number of their stores. Some experts and retailers say, in many cases, theft is the main culprit.</p>]]></description> <pubDate>Tue, 30 Apr 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7188556</guid> <cbc:authorName>Sophia Harris</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Canadian economy grew 0.2% in February]]></title> <link>https://www.cbc.ca/news/business/canadan-gdp-february-1.7189053?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7189075.1714481702!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/cpkc-railway-yard-vaughan-aerials.jpg' alt='A railway yard filled with trains and shipping containers.' width='620' height='349' title='An aerial photo of trains and shipping containers at the CPKC Railway Yard in Vaughan, Ont. Canada's transportation and warehousing sector grew 1.4 per cent in February, a pace that StatCan said was the largest monthly growth rate since Jan. 2023. '/><p>The Canadian economy grew 0.2 per cent in February, with gains made in transportation and warehousing, Statistics Canada said on Tuesday.</p>]]></description> <pubDate>Tue, 30 Apr 2024 08:42:01 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7189053</guid> <cbc:authorName>Jenna Benchetrit</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.657" cbc:syndicate="true"> <title><![CDATA[Federal public servants to return to the office 3 days a week this fall]]></title> <link>https://www.cbc.ca/news/canada/ottawa/public-servants-office-return-three-days-week-1.7188498?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7188563.1714421439!/fileImage/httpImage/image.jpeg_gen/derivatives/16x9_620/downtown-ottawa.jpeg' alt='Ontario Premier Doug Ford urged workers to return to downtown Ottawa -- and spend their money.' width='620' height='349' title='Ontario Premier Doug Ford urged workers to return to downtown Ottawa -- and spend their money.'/><p>The federal government will expect public servants back in the office three days a week beginning later this year, a federal government source confirmed to Radio-Canada.</p>]]></description> <pubDate>Tue, 30 Apr 2024 04:00:00 EDT</pubDate> <category>News/Canada/Ottawa</category> <guid isPermaLink="false">1.7188498</guid> <cbc:authorName>Stu Mills</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.641" cbc:syndicate="true"> <title><![CDATA[London Drugs stores remain closed after 'cybersecurity incident']]></title> <link>https://www.cbc.ca/news/canada/british-columbia/london-drugs-stores-remain-closed-1.7189160?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7189169.1714672890!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/london-drugs.jpg' alt='A London Drugs sign.' width='620' height='349' title='London Drugs is pictured during a store closure due to a cyberattack in Surrey, B.C on Monday April 29, 2024. '/><p>All London Drugs stores remained closed across Western Canada on Wednesday morning, after the B.C.-based company announced it was dealing with a "cybersecurity incident" on Sunday.</p>]]></description> <pubDate>Tue, 30 Apr 2024 10:47:08 EDT</pubDate> <category>News/Canada/British Columbia</category> <guid isPermaLink="false">1.7189160</guid> <cbc:authorName>Brieanna Charlebois</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Open banking could spur competition, but fintechs say Canada's moving too slowly]]></title> <link>https://www.cbc.ca/news/business/open-banking-slow-timelines-1.7181333?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7181849.1713848617!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/automated-banking-machines.jpg' alt='ATMs are pictured along Queen Street in Toronto in 2015.' width='620' height='349' title='Advocates for "open banking" say it'll save Canadians money — but that it's taking too long to happen in this country.'/><p>Federal efforts to bring "open banking" to Canada are being welcomed by players in the industry — but there's also criticism that, after years of waiting, any changes may not come fast enough to encourage innovation or allow smaller financial players compete with larger institutions.</p>]]></description> <pubDate>Mon, 29 Apr 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7181333</guid> <cbc:authorName>Anis Heydari</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.636" cbc:syndicate="true"> <title><![CDATA[International students will be allowed to work 24 hours a week starting in September]]></title> <link>https://www.cbc.ca/news/politics/international-students-work-hours-1.7188337?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7128476.1709229708!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/liberal-cabinet-20240227.JPG' alt='A man's face is seen as he speaks to someone not shown in the photo.' width='620' height='349' title='Immigration, Refugees and Citizenship Minister Marc Miller arrives to a cabinet meeting on Parliament Hill in Ottawa on Tuesday, Feb. 27, 2024. Miller called a meeting he had with Israel's Ambassador Iddo Moed "frustrating."'/><p>Immigration Minister Marc Miller says international students will be able to work off-campus for up to 24 hours per week starting in September.</p>]]></description> <pubDate>Mon, 29 Apr 2024 14:42:08 EDT</pubDate> <category>News/Politics</category> <guid isPermaLink="false">1.7188337</guid> <cbc:authorName>Nojoud Al Mallees</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.643" cbc:syndicate="true"> <title><![CDATA[Trans Mountain pipeline ushers in new economic era for Fort McMurray]]></title> <link>https://www.cbc.ca/news/canada/edmonton/fort-mcmurray-economy-trans-mountain-pipeline-1.7187810?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7184016.1713997002!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/trans-mountain-yard-edson-alta.JPG' alt='In front to blue Sky and fir trees the mechanical arm of a large machine swings a pipe onto a stack of pipes at a construction yard in Saskatchewan. ' width='620' height='349' title='A new loan guarantee program from the federal government will enable Indigenous communities to invest in all kinds of energy and resource projects taking place on thier terrirtories. '/><p>As the urban centre at the heart of Canada's oilsands industry, Fort McMurray has seen more than its share of ups and downs. Now, with the official opening of the Trans Mountain pipeline expansion just days away, those who live and work here hope their fortunes are once again headed for an upswing.</p>]]></description> <pubDate>Mon, 29 Apr 2024 09:59:40 EDT</pubDate> <category>News/Canada/Edmonton</category> <guid isPermaLink="false">1.7187810</guid> <cbc:authorName>Amanda Stephenson</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.641" cbc:syndicate="true"> <title><![CDATA[London Drugs closes stores until further notice due to cyberattack]]></title> <link>https://www.cbc.ca/news/canada/british-columbia/london-drugs-closure-western-canada-1.7187615?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7187623.1714338373!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/london-drugs-vancouver-20231018.jpg' alt='A storefront with the sign reading 'London Drugs'.' width='620' height='349' title='A London Drugs store is shown In Vancouver on Wednesday Oct. 18, 2023. London Drugs president Clint Mahlman says the company has no plans to close stores due to escalating violence and theft, though the issue has reached a "crisis point" for Canadian retailers.'/><p>Retail and pharmacy chain London Drugs says it was the "victim of a cybersecurity incident" Sunday and has shuttered its stores across western Canada until further notice.</p>]]></description> <pubDate>Sun, 28 Apr 2024 17:19:28 EDT</pubDate> <category>News/Canada/British Columbia</category> <guid isPermaLink="false">1.7187615</guid> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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