Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Photo, Video

13:55 Fewer young kids, more seniors in low-income households: census

37

Business

All category news

  • Liberal government tells CRA to back off plan to tax employee discounts

    October 11, 2017 6:48 PM 11

    National Revenue Minister Diane Lebouthillier says government did not approve new tax The national revenue minister is blaming bureaucrats at the Canada Revenue Agency for hatching a plan to tax employee discounts, backpedalling on a new interpretation of the tax code she says she never approved in the first place while instructing the agency to pull the plans

  • IMF report warns of Canada's high debt levels

    October 11, 2017 6:27 PM 14

    The International Monetary Fund warns in a new report of Canada's high debt levels and higher-than-average pressure on Canadian households' ability to pay down that debt. The IMF said in its Global Financial Stability report on Wednesday that these dynamics in Canada's private non-financial sector leaves its economy more sensitive to tighter financial

  • Delta says CSeries deliveries may be delayed but not killed by duties

    October 11, 2017 6:09 PM 11

    MONTREAL -- Delta Air Lines says its deliveries of Bombardier CSeries aircraft may be delayed next year but that ultimately it won't be forced to pay the 300 per cent preliminary duties recently announced by the U.S. Commerce Department. "We will not pay those tariffs and that is very clear," CEO Ed Bastian said Wednesday during a conference call about

  • Delta says it won't pay crushing duties on Bombardier jets

    October 11, 2017 5:39 PM 18

    MONTREAL -- Delta Air Lines says its deliveries of Bombardier CSeries aircraft may be delayed next year but that ultimately it won't be forced to pay the 300 per cent preliminary duties recently announced by the U.S. Commerce Department. "We will not pay those tariffs and that is very clear," CEO Ed Bastian said Wednesday during a conference call about

  • Fact check: Are employee discounts taxed, or not?

    October 11, 2017 4:44 PM 13

    OTTAWA – The Canada Revenue Agency has changed how it is interpreting existing tax law concerning taxable employee discounts. While the update has stakeholders concerned about the impact, the government says the effect should be minimal and it is working to clarify widespread confusion about the rollout. Employee benefits have always been subject to tax, but the latest

  • Metro grocery chain to eliminate 280 jobs in Ontario starting in 2021

    October 11, 2017 2:55 PM 16

    TORONTO - Grocery store chain Metro Inc. (TSX:MRU) says it will eliminate about 280 jobs starting in 2021 as part of a $400-million overhaul of its Ontario distribution network. The company says the move to modernize and automate its network will mean the loss of about 180 full-time and 100 part-time positions. The announcement follows comments by Metro

  • Canada's largest pot grower plans to double capacity in B.C

    October 11, 2017 2:51 PM 11

    Company aims to have capacity ready for recreational pot legalization on July 1 Canopy Growth Corp. says it will develop up to three million square feet of greenhouse growing capacity in British Columbia, more than doubling Canada's biggest licensed marijuana producer's production footprint. The company said in a statement that it has entered into a definitive

  • 'Anger, betrayal': Sears staff speak out about demise of the company and their jobs

    October 11, 2017 9:00 AM 17

    'It’s been an extremely painful process,' says a store manager Sears Canada workers are feeling confused and angry after learning on Tuesday that the retailer is planning to close its remaining 130 stores. If Sears gets court approval, it will start liquidating the stores as early as Oct. 19, putting the retailer out of business and about 12,000 employees

  • End of the road for Sears Canada as retailer set to liquidate, close stores

    October 11, 2017 1:59 AM 15

    Insolvent Sears Canada Inc. said it plans to liquidate its remaining 131 stores and put 12,000 employees out of work, after an attempt by its executive chairman to save the once-dominant department-store retailer failed. Sears will ask Ontario Superior Court on Friday for approval to start liquidating all its stores by Oct. 19, a move that marks the beginning

  • Nine Chili’s restaurants in Alberta to close Oct. 31

    October 10, 2017 11:40 PM 13

    A spokesperson with Chili’s has confirmed to CTV News that a number of locations in Alberta will be shutting down at the end of October. In a statement to CTV News, the spokesperson said nine locations would be shutting down on October 31. “Chili’s constantly reviews the performance of its restaurants and from time to time will make the tough decision