Electrical

[published_date] The Competition Bureau is calling for changes to improve the competitive landscape in Canada's airline industry,  including loosening rules that limit foreign ownership of Canadian airlines. In a 117-page market study published Thursday, the watchdog reiterated that Canada's airline industry is highly concentrated with two major carriers — Air Canada and WestJet — dominating the domestic market. Those…

[published_date] Canada Mortgage and Housing Corporation (CMHC) says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019, based on projected demand. The national housing agency released its latest supply gaps estimate report today, which says between 430,000 and 480,000 new housing units…

[published_date] Canada Post says it has reached a deal with the Canadian Postmasters and Assistants Association (CPAA), the second-largest union representing its workers. The union represents 8,500 of the Crown corporation's employees, most of whom are responsible for managing post offices in rural areas of the country. The parties, which had been negotiating for 18 months, went…

[published_date] As Prime Minister Mark Carney's government works to reshape its economic policies amid an unpredictable administration south of the border, Canadian businesses that trade with China say Ottawa needs to find ways to expand exports there — and fast. While the Canada-China relationship has been stymied in recent years, there are signals of relations…

[published_date] Retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers, according to Statistics Canada. For April, six of nine sub-sectors were up, as sales at motor vehicle and parts dealers gained 1.9 per cent, boosted by a 2.9 per cent increase at new…

[published_date] WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was…

[published_date] Via Rail has reached a tentative deal with the union representing 2,400 of its workers across the country, the Crown corporation said on Friday.  The deal averts a walkout involving members of Unifor, who had voted for a strike mandate to be exercised as early as Sunday. Unifor says the tentative agreement offers gains…

[published_date] Slavica Salihbegovic's family was growing. So she did what anyone living in Vienna would do: She asked the city for a bigger apartment. "At that time, I was pregnant with my first kid," she said. "I lived in a two-room apartment … it was an OK building, but it was small for us." Salihbegovic…

[published_date] The B.C. billionaire looking to turn Hudson's Bay's old digs into her own retail empire left court Monday with the beginnings of her venture in hand — and a looming fight that could curtail her full ambitions. Ontario Superior Court Judge Peter Osborne granted Ruby Liu permission to take over leases for three Hudson's…

It's called the world's most critical oil choke point — and Iran holds the power. Washington's strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows.  Oil prices tumbled Monday after Iran's initial retaliation didn't appear to…

The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said on Tuesday. Shelter costs rose three per cent in May, the agency said, marking a slowdown from 3.4 per cent in April. Statistics Canada singled out Ontario as the major source of…

Another year, another record for Alberta's oil industry. Oilsands production is on pace to reach an all-time high this year as production in northern Alberta is expected to grow by five per cent in 2025 compared to last year. The latest forecast released Wednesday by S&P Global Commodity Insights anticipates average annual production of 3.5 million…