Business

Canadian government pushed to boost seniors benefit as federal budget looms

Canadian government pushed to boost seniors benefit as federal budget looms

For many Canadian seniors, the weekly grocery trip has become an unwelcome competition – a fight between rising food prices and their limited, fixed incomes. “It’s challenging,” says one senior. “You have to find something hopefully different every day… with a fixed income, you really have to budget and budget hard. You’re very careful, you have to count your pennies.” …

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Buzz over non-alcoholic drink shops on Vancouver’s Commercial Drive

Buzz over non-alcoholic drink shops on Vancouver’s Commercial Drive

The craft beverage scene in Vancouver is undergoing a shift, with a growing demand for non-alcoholic options. This trend is being driven by a combination of factors, including increased awareness of the negative health effects of alcohol, a desire for healthier lifestyles, and the emergence of high-quality non-alcoholic beverages. Non-alcoholic Drink Shops One of the key figures in this movement …

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Why is extra virgin olive oil so expensive now?

Why is extra virgin olive oil so expensive now?

Canadians who enjoy drizzling extra virgin olive oil on their salads or dipping bread in it may have noticed a recent pinch in their wallets. The price of this popular cooking staple has skyrocketed in recent months, with the average cost of a one-litre bottle now hovering around $16, compared to $14 just two months ago [1]. This represents a …

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Business Report: Will Baltimore bridge collapse delay shipments?

Business Report: Will Baltimore bridge collapse delay shipments?

The closure of a major shipping port in Baltimore following the bridge collapse is expected to cause delays. Roll-on/roll-off cargo, including vehicles, agriculture, and construction equipment, will be most impacted. While automakers anticipate minor delays, extended waiting times beyond usual quotes are possible. BRP Stock Up Despite Lower Snowmobile Sales BRP, a leading snowmobile manufacturer (Ski-Doo), reported lower sales due …

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Canada GDP increased 0.6% in January

Canada GDP increased 0.6% in January

In a surprising turn of events, the Gross Domestic Product (GDP) for January surged by 0.6%, defying earlier projections of stagnation. Providing expert commentary on this development is Peter Armstrong, who offers valuable insights into the implications of these numbers. “So, Peter, take us through some of these numbers,” prompts the anchor. “Yeah, Hillary, this is a good report,” begins …

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Sam Bankman-Fried sentenced to 25 years in prison in crypto fraud case

Sam Bankman-Fried sentenced to 25 years in prison in crypto fraud case

We begin this breaking news this hour with breaking news out of New York. Former crypto mogul Sam Bankman-Freed has been sentenced to 25 years in prison. He was convicted of fraud and money laundering last year after stealing billions from cryptocurrency customers. The CBC’s Richard Madden is following the story for us. Richard, what’s unfolded so far and what …

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Hopping-high chocolate prices: What a cocoa shortage means for your Easter basket

Hopping-high chocolate prices: What a cocoa shortage means for your Easter basket

“Forget love, I’d rather fall in chocolate,” an anonymous saying. “But anyone for a dip?” Bernard Cibo’s passion has been chocolate for 41 years. He still makes Easter Bunnies for kids of all ages. “I got up early at 5:00 in the morning, and I still love what I’m doing. I really do,” he says. And his loyal customers are …

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Poor cocoa harvests cause bitter price increase for Easter chocolate

Poor cocoa harvests cause bitter price increase for Easter chocolate

This small chocolate maker is facing a bitter reality. There’s been an obvious increase that we’re feeling from our suppliers. The cost of cocoa, the key ingredient in all this chocolate, is way up, and that’s showing up on store shelves. We’re struggling to make ends meet without increasing prices to the point where they’re no longer affordable. Cocoa prices …

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How the Baltimore bridge collapse could impact the economy

How the Baltimore bridge collapse could impact the economy

Investigators looking into the cargo ship’s history have found it was involved in a crash just a few years ago. ABC News live anchor Terry Moran has those details. This is the moment that the 95,000-ton cargo ship, the Dolly, was getting perilously close to Baltimore’s Francis Scott Key bridge. You can see the power flicker on and off seconds …

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Business Report: Trump’s Truth Social goes public

Business Report: Trump’s Truth Social goes public

It’s now time for business news with Ari Rabich, and for the first time in nearly 30 years, a part of Donald Trump’s business empire has gone public. For sure, it’s now in the history books, as it had its first day on Wall Street, and it was a positive result in the end. Shares of the parent company of …

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