national business news

Regulator lays out proposed changes to passenger rights charter – Business News

Changes to passenger rights The Canadian Press – Jul 11, 2023 / 9:44 am | Stories: 436290 Photo: The Canadian Press The Canadian Transportation Agency is laying out proposed changes to the passenger rights charter. The reforms came after the Liberal government passed legislation last month to toughen penalties on airlines, shore up the complaint

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Canadian economy steady in April as real GDP remains unchanged – Business News

Economy holds steady The Canadian Press – Jun 30, 2023 / 6:27 am | Stories: 434570 Photo: The Canadian Press Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March. The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by

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The Bank of Canada is expected to raise interest rates once more, cap at 5%

Article content The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said. Article content Canada’s central bank will increase its key overnight rate to five per cent in the third quarter, according to a monthly Bloomberg survey of 25 economists. That would

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Bell asks CRTC to drop local news requirements

TORONTO – BCE Inc.’s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities. In an application to the CRTC filed June 14, Bell Media requested the regulator drop requirements for spending on local news and

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Visa and MasterCard agreed to lower the average credit card interchange fee below 1%

The government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card. Known as so-called interchange fees, they have long irritated merchants by allowing the credit card company to keep a percentage

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Elon Musk’s Twitter drops government-funded media labels – Business News

Photo: The Canadian Press Twitter has removed labels describing global media organizations as government-funded or state-affiliated, a move that comes after the Elon Musk-owned platform started stripping blue verification checkmarks from accounts that don’t pay a monthly fee. Among those no longer labeled was National Public Radio in the US, which announced last week that

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