CTV News | Business News - Financial News Updates

BREAKING

Calgary-based Cenovus Energy to lay off upward of 2,000 workers

CTV News has learned Cenovus Energy plans to cut upward of 2,000 positions over the next two months, with the first round of layoffs expected to begin Tuesday.

The International Monetary Fund (IMF) headquarters is seen Monday, Dec. 19, 2016, in Washington. (AP Photo/Cliff Owen)

New coronavirus variants pose major risk to the global economy, IMF warns

The pandemic could slam the brakes on a global economic turnaround this year despite mass vaccination programs and unprecedented levels of stimulus, according to the International Monetary Fund.

People walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Sept. 8, 2020. (AP Photo/Vincent Yu)

U.S. stock indexes edge higher on earnings, vaccine optimism

Stocks were slightly higher in late-morning trading on Wall Street Tuesday, helped by better-than-expected earnings from blue chip companies like Johnson & Johnson and General Electric. The results offset renewed worries that troubles with COVID-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery from the pandemic.

Loading groceries at a Metro store in Ste-Therese, Que., on April 15, 2019. (Ryan Remiorz / THE CANADIAN PRESS)

Metro profit and sales up despite labour conflict, mild cold and flu season

Against headwinds from a labour conflict and a mild cold and flu season, grocery and pharmacy retailer Metro Inc. reported Tuesday its first-quarter sales and profit climbed compared with a year ago.

Pattie Lovett-Reid: Saving money never goes out of style

Refreshing your wardrobe doesn't have to mean breaking the bank. CTV News' Chief Financial Commentator Pattie Lovett-Reid explains the thinking behind her 'cheap and cheerful' challenge. 1

Joe Biden at a campaign event in Warren, Mich., on Sept. 9, 2020. (Patrick Semansky / AP)

NEW

Opposition urges Liberals to push back against Biden's Buy American plan

The Opposition Conservatives are urging the federal government to push back on President Joe Biden's protectionist Buy American plan. 2

In this photo taken Dec. 21, 2106, the Trump International Hotel is seen in Washington. (AP Photo/Alex Brandon)

U.S. Supreme Court ends lawsuits over whether Trump illegally profited off his presidency

The U.S. Supreme Court on Monday brought an end to lawsuits over whether Donald Trump illegally profited off his presidency, saying the cases are moot now that Trump is no longer in office. 3

A health worker carries doses of the Pfizer-BioNTech COVID-19 vaccine in a box at the Rene-Muret hospital in Servan near Paris, Sunday Dec. 27, 2020. (Thomas Samson/Pool Photo via AP)

EU demands that COVID-19 vaccine makers honour their commitments

The European Union on Tuesday warned pharmaceutical giants that have developed coronavirus vaccines with EU aid that it must get its shots on schedule, a day after the bloc threatened to impose export controls on vaccines produced in the bloc.

Beyond Meat burgers -- patties made entirely of plants -- have seen a high level of success since being placed on the A&W menu. (Beyond Meat)

PepsiCo goes Beyond Meat in new partnership

PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins.

A woman checks the Grindr app on her mobile phone in Beirut, Lebanon, on May 29, 2019. (Hassan Ammar / AP)

Norway to fine dating app Grinder US$11.7M over privacy breach

Gay dating app Grindr faces a fine of more than US$10 million from Norwegian regulators for failing to get consent from users before sharing their personal information with advertising companies, in breach of stringent European Union privacy rules.

Harriet Tubman in a photograph dating from 1860-75. (Library of Congress / AP)

U.S. Treasury resuming steps to put Harriet Tubman on US$20 bill

The U.S. Treasury Department is taking steps to resume efforts to put escaped slave and abolitionist Harriet Tubman on the US$20 bill, White House and Treasury officials said on Monday, saying the move would reflect U.S. history and diversity.

Mexican billionaire Carlos Slim at his office in Mexico City, on Oct. 16, 2019. (Fernando Llano / AP)

Latin America's richest man, Carlos Slim, tests positive for COVID-19

Mexican billionaire Carlos Slim is recovering from COVID-19 after more than a week of mild symptoms, his son said on Monday.

U.S. president signs executive order instituting stringent new Buy American regimen

President Joe Biden imposed stringent new made-in-America rules for U.S. government spending Monday. They come with a caveat likely troubling to Canada: exceptions to those rules will be allowed only under 'very limited circumstances.' 2

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Finances during COVID-19 crisis

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