Airline Fares Soar as Oil Prices Spike, Impacting Travel
Airlines are raising fares significantly due to surging fuel costs from Middle East conflicts, with experts warning of profitability risks in the low-margin industry.
Category : Business
OC Transpo Cancels 500 Bus Trips to Support R1 After Freezing Rain
OC Transpo has cancelled nearly 500 regular bus trips to prioritize R1 replacement bus service following last week's freezing rain, impacting transit riders across Ottawa.
South Korean Auto Parts Factory Fire Injures Over 50
A significant industrial fire erupted at a Daejeon auto parts plant, causing injuries to at least 55 individuals. Emergency services responded as black smoke billowed from the facility.
Capone Model: Luxury and Privacy in Harmony Community
The Capone by Sterling Homes offers 2,323 square feet of luxury living in Harmony, featuring a private primary bedroom with fireplace, elegant ensuite, and thoughtful family-oriented design.
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Iran War Threatens Fresh Food Price Shock in Developing World
Escalating conflict in Iran threatens to disrupt global food supply chains, potentially triggering sharp price increases for fresh produce across vulnerable developing economies.
Edmonton Housing Industry Celebrates at BILD Awards
The BILD Edmonton Metro Awards of Excellence recognized top builders and developers, with StreetSide Developments winning nine awards including Builder of the Year Multi-Family for the third consecutive year.
Record-High Beef Prices Keep Consumers Awake
Skyrocketing beef prices have reached unprecedented levels, causing significant concern among consumers and industry professionals. The surge is impacting household budgets and retail operations across the region.
Ex-Manitoba Tory Leadership Candidate Buys Former Party HQ
Obby Khan, a former Progressive Conservative leadership contender in Manitoba, has purchased the building that previously housed the party's headquarters in Winnipeg, marking a significant real estate transaction in provincial political circles.
Vancouver Readers Urge Park to Save Last Mountain Views
Vancouver Sun readers propose transforming a downtown parking lot into an urban park to preserve vanishing mountain views, while raising concerns about development impacts on heritage and schools.
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BMO Accelerates U.S. Growth to Reach Profit Target Faster
Bank of Montreal is intensifying its U.S. growth initiatives, hiring over 100 bankers, expanding branches, and leveraging AI to achieve a 12% return on equity target by 2027, ahead of schedule.
Putting Concerns About Weed Killer Glyphosate Into Perspective
Glyphosate, the world's most widely used herbicide, faces scrutiny over cancer risks. Scientific analysis reveals minimal consumer threat from dietary residues, though occupational exposure warrants caution.
Air Canada Foundation Names New Chair and Board Director
The Air Canada Foundation has announced Louise-Hélène Sénécal as its new Chair and Board Director, succeeding Priscille Leblanc after 13 years. New board members Maria Kuchel and Marcel Forget join, with 38 charities selected for grants this year.
Kraft Heinz Invests $250M to Upgrade Montreal Plant
Kraft Heinz announces a major $250 million investment to upgrade its Montreal manufacturing plant, enhancing production capabilities and supporting local jobs in Quebec's food industry.
Kraft Heinz $250M Investment in Montreal Factory
Kraft Heinz Canada announces a $250 million investment to upgrade its Montreal factory, aiming to increase domestic production of popular brands like Heinz ketchup and Kraft Dinner.
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Manitoba Hydro Rate Increases Approved for Next Three Years
Manitoba Hydro's proposed electricity rate increases for 2026-2029 have been officially sanctioned, impacting residential and commercial customers across the province.
Nova Scotia Announces Affordable Housing Projects in Pictou
The Pictou Beeches project introduces affordable and market-rate units with rents starting at $785 for one-bedroom apartments, including utilities and parking.
Canada, Japan Top IEA Emergency Oil Release Contributors
Canada and Japan are key contributors to the IEA's coordinated emergency oil release, aimed at mitigating supply disruptions from the Iran war, with increased production from the Americas complementing the effort.
Innergex Names Jean Trudel CEO, Michel Letellier Retires
Innergex has appointed Jean Trudel as President and CEO effective March 2026, succeeding Michel Letellier who retires after nearly 30 years. Trudel, with the company since 2002, will ensure strategic continuity.
Garage Clothing Brand Expands Overseas with UK Stores
Canadian clothing retailer Garage is launching its international expansion with new store openings in the United Kingdom, marking a significant milestone for the popular fashion brand.
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Markets Underprice Commodity Shock from Hormuz Disruption
Supply disruptions through the Strait of Hormuz have driven commodity prices higher, creating stagflationary risks that markets are failing to adequately price, with significant implications for equities, bonds, and currencies.
GTA Housing Crisis: Record Low Sales Threaten Economy
New home sales in the Greater Toronto Area hit a historic low in 2025, with only 5,300 units sold, 80-85% below the ten-year average. This slowdown threatens thousands of jobs and billions in GDP, demanding urgent government action.
Frigidaire Oven Recall in Canada Due to Burn Risk
Health Canada issues a recall for thousands of Frigidaire gas ranges sold between June 2025 and January 2026, citing a delayed ignition issue that has caused injuries. Owners are urged to stop use immediately and contact Electrolux for free repairs.
Global Markets Steady After Oil Eases, U.S. Stocks Slip
Worldwide financial markets show resilience with a slight easing in oil prices, though U.S. equities face a modest decline. The broader economic landscape remains cautiously optimistic amid fluctuating energy costs.
Tesla Negotiates $2.9B Solar Equipment Purchase from China
Tesla is reportedly in advanced discussions with Chinese manufacturers to acquire $2.9 billion worth of solar equipment, according to Reuters sources. This move could significantly boost Tesla's solar energy capabilities.
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Wall Street Stumbles Toward Finish of Another Losing Week
Wall Street is heading toward the conclusion of another losing week as market volatility persists. The broader economic indicators and corporate performance continue to influence investor sentiment.
Unilever in Talks to Sell $33B Food Business to McCormick
Unilever Plc is negotiating the sale of its food division to McCormick & Co., potentially ending its competition with major food rivals and shifting focus to beauty and personal care.
Vatican Campaign Urges Divestment from Mining
The Vatican has initiated a global campaign encouraging financial divestment from mining industries, citing environmental and ethical concerns. This move aligns with Pope Francis's ongoing efforts to reform Vatican finances and promote ecological responsi
Canadian Retail Sales Jump 1.1% to $70.7B in January
Statistics Canada reports a 1.1% increase in retail sales for January 2026, totaling $70.7 billion, signaling robust consumer spending and economic resilience.
Spain to Freeze Rents Temporarily Due to Middle East War
Prime Minister Pedro Sanchez announces a temporary rent freeze in Spain, citing economic pressures from the Middle East conflict. The measure aims to protect tenants from rising costs.
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Ford Moves to Ban Ticket Resale Gouging in Ontario
Ontario Premier Doug Ford has declared a provincial initiative to prohibit ticket resale price gouging, targeting scalpers with new regulations to protect consumers from exorbitant costs.
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