Volkswagen set to propose plea deal on environment charges in Canadian court

Lawyers for German auto giant Volkswagen are set to propose a plea deal in an Ontario court today on allegations that the company broke numerous environmental laws.

The Canadian government announced Monday it was charging the behemoth with 58 infractions of the Canadian Environmental Protection Act.

See Full Article


Latest Economic News

  • Company recalls some Linessa 21 birth control pills due to missing, mispackaged tablets

    Economic CBC News
    Aspen Pharmacare Canada is recalling one lot of Linessa 21, a prescription birth control pill, due to missing and mispackaged pills, Health Canada said in an alert. Some of the affected blister packs — lot 200049, which expire in March 2023 — may have missing pills, more than one tablet in the same blister pocket or pills in the wrong order, according to the recall alert issued on Saturday. Source
  • Bank of Canada to break sequence of lower terminal rates as governments splurge

    Economic CTV News
    TORONTO -- With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada's next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades. Source
  • Restaurateurs grapple with rising food costs, menu prices expected to rise

    Economic CTV News
    Restaurants across the country have been grappling with rising food prices since the start of the COVID-19 pandemic, but for Blair Lebsack, some of the most shocking increases have been for his restaurant's less flashy ingredients. Source
  • Hidden chemicals found in makeup; Canada's rising inflation rate: CBC's Marketplace Cheat Sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. A new study has found 'forever chemicals' in hundreds of cosmetics. Source
  • Want to buy property but don't have a down payment? 'Fractional ownership' may be the ticket

    Economic CBC News
    With home prices in Canada at stratospheric levels and a commercial property something few individuals can afford to buy, two companies are offering Canadians a way to get in on the action. It's called fractional ownership, and it allows individuals to buy a share in a single house, apartment building or industrial park. Source
  • U.S. economic recovery driving up prices, hampering global supply chains

    Economic CTV News
    TORONTO -- Roaring back from shutdowns related to the COVID-19 pandemic, Americans are on an unprecedented spending spree that is driving up prices and hampering global supply chains. “We’ve got this huge economy restarting from a low point that it hit about a year ago, and it’s coming straight up like a rocket,” George Calhoun, a professor at Stevens Institute of Technology in New Jersey, explained to CTV National News. Source
  • Judge rules for Florida on CDC order blocking cruise ships

    Economic CTV News
    ST. PETERSBURG, FLA. -- A federal judge on Friday ruled for Florida in a lawsuit challenging a U.S. Centers for Disease Control and Prevention order making it difficult for cruise ships to resume sailing due to the coronavirus pandemic. Source
  • Should you take advantage of employer's offer to work from home? Some say it could be a career-limiting move

    Economic CBC News
    As vaccination rates rise and employers start to think about resuming regular working routines, many firms are considering adopting a hybrid policy — where workers will divide their time between time in the office and time spent working at home. Source
  • Canadians now owe almost $2 trillion on their homes — a new record

    Economic CBC News
    Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion. Statistics Canada reported Friday that while consumers appear to be tightening their belts when it comes to other forms of debt, they seemingly have an inexhaustible appetite to borrow money to purchase and renovate homes. Source
  • Bourbon tourism shaking off pandemic slump in Kentucky

    Economic CTV News
    LOUISVILLE, KY. -- With tourists flocking to distilleries, concerns about a pandemic hangover for Kentucky's world-famous bourbon industry are quickly evaporating. A US$19 million tourist center that Heaven Hill Distillery opened just days ago in the heart of the state's bourbon country is already overflowing -- with reservations filling up quickly to learn about whiskey-making and sample its spirits, including its flagship Evan Williams whiskey. Source