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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>Fri, 17 May 2024 19:07:57 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="2.630" cbc:syndicate="true"> <title><![CDATA[Canadian Taylor Swift fans are flying to Europe for cheaper concert tickets]]></title> <link>https://www.cbc.ca/news/taylor-swift-eras-tour-europe-canada-1.7207022?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6931219.1691699768!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/1583886894.jpg' alt='Taylor Swift singing and pointing on stage.' width='620' height='349' title='US singer-songwriter Taylor Swift performs during her Eras Tour at SoFi stadium in Inglewood, California.'/><p>Canadian fans are tallying up the cost of a flight, hotel and ticket, and are finding that travelling to Europe to see Taylor Swift in concert may be better bang for their buck than seeing the show on Canadian soil.</p>]]></description> <pubDate>Fri, 17 May 2024 04:00:00 EDT</pubDate> <category>News</category> <guid isPermaLink="false">1.7207022</guid> <cbc:authorName>Nisha Patel</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.652" cbc:syndicate="true"> <title><![CDATA[Quebec to force gas stations to report their prices. Will it lower fuel costs?]]></title> <link>https://www.cbc.ca/news/canada/montreal/gas-prices-quebec-1.7207539?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7119812.1714148844!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/carbon-pricing-20240214.JPG' alt='A person places a gas pump in their car.' width='620' height='349' title='Lower prices for unleaded fuel and heating oil are some of the reasons for the declining inflation. '/><p>Quebec will abolish a floor on gas prices and institue a price registry to try to improve the competitiveness of the fuel market.</p>]]></description> <pubDate>Fri, 17 May 2024 12:35:29 EDT</pubDate> <category>News/Canada/Montreal</category> <guid isPermaLink="false">1.7207539</guid> </item> <item cbc:type="story" cbc:deptid="2.636" cbc:syndicate="true"> <title><![CDATA[Minister suggests Canada is considering tariffs on Chinese EVs following U.S. move]]></title> <link>https://www.cbc.ca/news/politics/canada-united-states-tarifs-chinese-electric-vehicles-1.7207897?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7207926.1715971575!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/government-update-20240430.JPG' alt='W man in a dark suit gestures with his hand has he speaks. A pair of Canadian flags are draped in the background.' width='620' height='349' title='Innovation, Science and Industry Minister Francois-Philippe Champagne speaks during a press conference at the National Press Theatre in Ottawa on Tuesday, April 30, 2024.'/><p>Canada’s industry minister says Ottawa is “considering all measures” after the U.S. announced it would be hiking tariffs on Chinese electric vehicles and other related goods.</p>]]></description> <pubDate>Fri, 17 May 2024 14:57:13 EDT</pubDate> <category>News/Politics</category> <guid isPermaLink="false">1.7207897</guid> <cbc:authorName>Darren Major</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Loblaw agrees to sign grocery code of conduct — but only if competitors do]]></title> <link>https://www.cbc.ca/news/business/loblaw-signs-grocery-code-conduct-1.7206278?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7153515.1715882065!/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 Ltd. says it's ready to sign on to the grocery code of conduct as long as other industry players do, too, paving the way for an agreement that's been years in the making.</p>]]></description> <pubDate>Thu, 16 May 2024 14:00:36 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7206278</guid> <cbc:authorName>Rosa Saba</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Customers are fed up with anti-theft measures at stores. Retailers say organized crime is to blame]]></title> <link>https://www.cbc.ca/news/business/theft-grocers-organized-crime-1.7203990?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7204041.1715808453!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/susan-dennison-shopping-cart-fortinos-anti-theft.jpg' alt='Susan Dennison with a shopping cart at a Fortinos grocery store. ' width='620' height='349' title='Susan Dennison said she was humiliated when the wheels on her shopping cart locked at a Loblaw-owned Fortinos grocery in Burlington, Ont. She said an employee rushed over and demanded to see her receipt. '/><p>Some retailers are beefing up anti-theft measures, such as locking the wheels on shopping carts, that have raised the ire of shoppers. Loblaw and an industry group says retailers are fighting a rise in organized crime.</p>]]></description> <pubDate>Thu, 16 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7203990</guid> <cbc:authorName>Sophia Harris</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Olive oil is how much now? Prices jump — again — amid worldwide shortage]]></title> <link>https://www.cbc.ca/news/business/olive-oil-price-1.7203884?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7205070.1715895707!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/olive-oil.jpg' alt='A bottle of Bertolli olive oil sits on a shelf' width='620' height='349' title='Olive Oil is seen on shelves at a Walmart Supercenter on Oct. 23, 2023 in Austin, Texas. Olive Oil prices have soared to record levels of extreme heat, wildfires, and drought have affected crops in Spain and Italy. '/><p>Shoppers may find themselves doing a double take in the olive oil section of their local grocery stores these days as industry analysts say prices have reached a record high.</p>]]></description> <pubDate>Thu, 16 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7203884</guid> <cbc:authorName>Natalie Stechyson</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="false"> <title><![CDATA[As AI becomes more human-like, experts warn users must think more critically about its responses]]></title> <link>https://www.cbc.ca/news/business/google-openai-search-1.7204014?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7204330.1715729208!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/google-ai-20230926.jpg' alt='The Google logo is photographed at the Vivatech show in Paris, Thursday, June 15, 2023.' width='620' height='349' title='Google is promising its search results will be informed by artificial intelligence in the US, with expansion to other countries to come.'/><p>Companies like OpenAI and Google are trying to dominate the quickly emerging market for AI systems where people can ask questions of a computer — and get answers in the style of a human. But experts warn this could mean users must be more careful to verify the accuracy of AI responses.</p>]]></description> <pubDate>Wed, 15 May 2024 04:00:00 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7204014</guid> <cbc:authorName>Anis Heydari</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Home sales and new home construction both drop in April]]></title> <link>https://www.cbc.ca/news/business/housing-starts-home-sales-april-2024-1.7204748?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6670033.1715794688!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/new-housing-development-brampton.jpg' alt='Construction workers on scaffolding in front of new housing build' width='620' height='349' title='A new housing development is pictured in Brampton, Ont., on July 12, 2022. Post-pandemic interest rate hikes have reduced the buying power of people entering the housing market and increased the financial burden on existing homeowners paying off a mortgage.'/><p>The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to the Canadian Real Estate Association and the Canada Mortgage and Housing Corporation.</p>]]></description> <pubDate>Wed, 15 May 2024 11:25:16 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7204748</guid> <cbc:authorName>Anis Heydari</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Boeing could be criminally charged, U.S. Justice Dept. suggests in court filing]]></title> <link>https://www.cbc.ca/news/business/us-boeing-justice-courts-1.7204664?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7204666.1715771666!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/justice-department-boeing.jpg' alt='The backs of seats of a commercial airplane are shown, with a focus on the safety guides tucked into the pockets of the seats.' width='620' height='349' title='Safety cards in seat backs are seen on an Alaska Airlines Boeing 737 Max 9 aircraft awaiting inspection at the airline's hangar at Seattle-Tacoma International Airporton Jan. 10 n SeaTac, Wash. The Justice Department says Boeing violated a settlement that let the company avoid criminal prosecution after two deadly crashes.'/><p>Boeing has violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft more than five years ago, the Justice Department told a federal judge on Tuesday.</p>]]></description> <pubDate>Wed, 15 May 2024 07:19:42 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7204664</guid> </item> <item cbc:type="story" cbc:deptid="2.638" cbc:syndicate="true"> <title><![CDATA[Frito Lay Canada recalls 2 of its most popular snacks for possible salmonella contamination]]></title> <link>https://www.cbc.ca/news/canada/frito-lay-recall-canada-1.7203468?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7203472.1715690170!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/sunchips.jpg' alt='A bag of sun chips' width='620' height='349' title='SunChips Mini Harvest Cheddar Snacks, pictured here, as well as Munchies Original Snack Mix, have been recalled by Frito Lay Canada.'/><p>Frito Lay Canada is recalling two of its most popular snacks due to a possible risk of salmonella contamination.</p>]]></description> <pubDate>Tue, 14 May 2024 08:42:32 EDT</pubDate> <category>News/Canada</category> <guid isPermaLink="false">1.7203468</guid> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[U.S. raises tariffs significantly on EVs, other goods from China]]></title> <link>https://www.cbc.ca/news/business/us-tariff-package-china-1.7203448?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7203513.1715694151!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/2110571376.jpg' alt='A worker is shown examining the inner workings of the front of an automobile in a factory setting.' width='620' height='349' title='This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. '/><p>The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies.</p>]]></description> <pubDate>Tue, 14 May 2024 09:47:31 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7203448</guid> </item> <item cbc:type="story" cbc:deptid="2.649" cbc:syndicate="true"> <title><![CDATA[A 1st in Canada, $1.6B EV battery separator plant to open in Port Colborne, Ont., in 2027]]></title> <link>https://www.cbc.ca/news/canada/hamilton/port-colborne-electric-vehicle-battery-plant-1.7204175?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7204202.1715717866!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/trudeau.jpg' alt='A man speaking at a podium' width='620' height='349' title='Prime Minister Justin Trudeau said the plant in Port Colborne, Ont., shows Canada's commitment to electric vehicles and clean energy.'/><p>A small city nestled in southern Ontario's Niagara Region will be home to a new $1.6-billion electric vehicle battery plant. Politicians at the announcement on Tuesday didn't say how many jobs the plant will produce or who will get them.</p>]]></description> <pubDate>Tue, 14 May 2024 17:07:31 EDT</pubDate> <category>News/Canada/Hamilton</category> <guid isPermaLink="false">1.7204175</guid> <cbc:authorName>Bobby Hristova</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[OpenAI previews chatbot with real-time voice capabilities]]></title> <link>https://www.cbc.ca/news/business/microsoft-openai-omni-voice-demo-1.7203449?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7203454.1715687040!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/openai-newspapers-copyright-lawsuit.JPG' alt='A logo is shown, reading OpenAi and displaying a circuit board.' width='620' height='349' title='FILE PHOTO: OpenAI logo is seen near computer motherboard in this illustration taken January 8, 2024. '/><p>ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology.</p>]]></description> <pubDate>Tue, 14 May 2024 07:49:07 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7203449</guid> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA[Luxury retailer Ted Baker begins store-closing liquidation sales]]></title> <link>https://www.cbc.ca/news/business/ted-baker-1.7202393?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7186472.1714158498!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/ted-baker-administration.JPG' alt='People walk by a clothing store.' width='620' height='349' title='People walk past a Ted Baker retail store in London, Britain, on March 19, 2024. The owners of Ted Baker's Canadian operations have filed for court protection from creditors in a bid to help the retailer get enough "breathing room" to decide whether to liquidate and wind down the business or pursue other unspecified alternatives.'/><p>Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month.</p>]]></description> <pubDate>Mon, 13 May 2024 14:33:21 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7202393</guid> <cbc:authorName>John Mazerolle</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.637" cbc:syndicate="true"> <title><![CDATA['Roaring Kitty' returns, sending meme stocks like GameStop surging once again]]></title> <link>https://www.cbc.ca/news/business/gamestop-meme-stocks-roaring-kitty-1.7202902?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.5919516.1715630305!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/congress-gamestop-roaring-kitty.jpg' alt='A man speaks into a microphone. A "Hang in there!" poster with the image of a dangling cat is visible on the wall behind him.' width='620' height='349' title='In this image from video provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Thursday, Feb. 18, 2021. Lawmakers are examining whether the wild swings in the stock price of the video game retailer exposed conflicts in the market's structure that can hurt unsophisticated investors. '/><p>The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher on Monday.</p>]]></description> <pubDate>Mon, 13 May 2024 16:47:21 EDT</pubDate> <category>News/Business</category> <guid isPermaLink="false">1.7202902</guid> </item> <item cbc:type="story" cbc:deptid="2.633" cbc:syndicate="true"> <title><![CDATA[Melinda French Gates steps down from charitable foundation that bears her name]]></title> <link>https://www.cbc.ca/news/world/french-gates-foundation-1.7202642?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7202683.1715619006!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/global-finance.jpg' alt='A woman wearing a floral blouse and seated gestures with one hand while holding a microphone in the other as she speaks.' width='620' height='349' title='Co-chair of the Bill & Melinda Gates Foundation Melinda French Gates speaks at the forum Empowering Women as Entrepreneurs and Leaders during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Thursday, April 13, 2023. '/><p>Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation, one of the largest private charitable organizations in the world.</p>]]></description> <pubDate>Mon, 13 May 2024 13:10:36 EDT</pubDate> <category>News/World</category> <guid isPermaLink="false">1.7202642</guid> </item> <item cbc:type="story" cbc:deptid="2.654" cbc:syndicate="true"> <title><![CDATA[Billionaire businessman Arthur Irving dead at 93]]></title> <link>https://www.cbc.ca/news/canada/new-brunswick/arthur-irving-death-1.7202701?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.6646391.1715639394!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/arthur-irving.jpg' alt='Bald man with glasses standing at a lectern.' width='620' height='349' title='Arthur Irving’s family got two thirds of ownership in Irving Oil when the conglomerate was split. '/><p>Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93.</p>]]></description> <pubDate>Mon, 13 May 2024 13:20:18 EDT</pubDate> <category>News/Canada/New Brunswick</category> <guid isPermaLink="false">1.7202701</guid> <cbc:authorName>Jacques Poitras</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.636" cbc:syndicate="true"> <title><![CDATA[Canada's next EV supply chain plant landing in Port Colborne, Ont.]]></title> <link>https://www.cbc.ca/news/politics/honda-asahi-kasei-lithium-ion-separator-plant-1.7202458?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7202490.1715611369!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/ont-honda-evs-20240425.JPG' alt='Prime Minister Justin Trudeau (left to right), Honda executive Toshihiro Mibe and Ontario Premier Doug Ford walk along an assembly line at an event announcing plans for a Honda electric vehicle battery plant in Alliston, Ont. on Thursday, April 25, 2024.' width='620' height='349' title='Prime Minister Justin Trudeau (left to right), Honda executive Toshihiro Mibe and Ontario Premier Doug Ford walk along an assembly line at an event announcing plans for a Honda electric vehicle battery plant in Alliston, Ont. on Thursday, April 25, 2024.'/><p>The next Ontario community to share in Honda Canada's $15-billion investment to establish a Canadian electric vehicle supply chain will be Port Colborne, in Niagara Region. Company executives are expected to join Prime Minister Justin Trudeau and Ontario Premier Doug Ford at the official announcement on Tuesday.</p>]]></description> <pubDate>Mon, 13 May 2024 11:21:34 EDT</pubDate> <category>News/Politics</category> <guid isPermaLink="false">1.7202458</guid> <cbc:authorName>Janyce McGregor</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.7214" cbc:syndicate="true"> <title><![CDATA[Customer who filed complaint against TD Bank refuses to sign gag order to get compensation]]></title> <link>https://www.cbc.ca/news/gopublic/banks-nda-non-disclosure-1.7200881?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7200910.1715376022!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/guanghu-cui.jpg' alt='An East Asian man wearing glasses and a coat with fur trim stands in a parking lot in front of a blurred TD Bank logo.' width='620' height='349' title=''/><p>After a Toronto-area man said he was misled about the perks of signing up for a TD Bank account, it offered compensation but insisted he sign a non-disclosure agreement to get the money. The increased use of NDAs is a worrisome trend that is stifling freedom of expression, says one legal expert.</p>]]></description> <pubDate>Mon, 13 May 2024 04:00:00 EDT</pubDate> <category>News/Go Public</category> <guid isPermaLink="false">1.7200881</guid> <cbc:authorName>Erica Johnson</cbc:authorName> </item> <item cbc:type="story" cbc:deptid="2.662" cbc:syndicate="true"> <title><![CDATA[Prominent charity serving Black business community paid $1.5M to 2 board members' companies, records show]]></title> <link>https://www.cbc.ca/news/canada/toronto/concerned-bbpa-members-related-party-transactions-1.7199334?cmp=rss</link> <description><![CDATA[<img src='https://i.cbc.ca/1.7199642.1715357109!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/nadine-spencer-and-roderick-brereton.jpg' alt='Woman smiling on left of photo and man smiling in separate photo on the right.' width='620' height='349' title=''/><p>Some members of a prominent charity for the Canadian Black business community are calling for its board of directors to resign and for a third-party audit after discovering the non-profit paid two former board members’ companies at least $1.5 million for services while they were on the board or CEO of the charity. The Black Business and Professional Association says it has committed to an independent review.</p>]]></description> <pubDate>Mon, 13 May 2024 04:00:00 EDT</pubDate> <category>News/Canada/Toronto</category> <guid isPermaLink="false">1.7199334</guid> <cbc:authorName>Nicole Brockbank</cbc:authorName> </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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