As China's property market goes through another meltdown, critics warn China's form of "despotic capitalism" could be facing its Minsky moment. But can Beijing's leadership put the economy back on track? Or will Xi Jinping have to resort to harsher methods? Is China doomed? The country has adapted to crises …
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Suncor’s revised focus on oil production proof of need for emissions cap: Guilbeault
Recent statements by the CEO of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said. Federal minister called comments by oilsands company boss Rich Kruger 'disappointing' Recent statements by the CEO of a major …
Read More »Unifor picks Ford for pattern negotiations in 2023 auto talks
Unifor has chosen Ford as the strike target to set the pattern for bargaining with the other two Detroit Three automakers, the union's president said during a news conference in Toronto on Tuesday. Pensions, wage improvements, investments, supports for EV transition main priorities Unifor has chosen the Ford Motor Company …
Read More »Autoworkers on both sides of border vote overwhelmingly in favour of strike mandate against Big 3
Unifor, Canada's largest private-sector union, says its members at Ford, General Motors and Stellantis all voted between 98 and 99 per cent in favour of a strike mandate. Unifor members in Canada voted this weekend, while UAW voted late last week Workers at a trio of major automakers have voted …
Read More »Jerome Powell’s Jackson Hole speech highlights central bank’s uphill battle to rein in inflation
Last year, the U.S. Federal Reserve chair's words crashed the markets. On Friday, they added to lingering uncertainty as the world's most powerful central banker admitted he really can't be sure what's coming next. U.S. Fed chair warns of more possible rate hikes but cites signs of economic cooling Anyone …
Read More »Back to school means back to basics this fall as Canadians come up against high prices
As inflation continues to put pressure on the cost of just about everything — from food to clothes to school supplies — Canadians across the country are preparing for the back-to-school season by turning to second-hand options as a way to save money. Donated goods offered across the country by …
Read More »He was scammed $16K from his BMO line of credit. The bank is charging him interest anyway
James Mathelier is out thousands of dollars after falling prey to a costly phone scam. Now, the Toronto man is bemoaning that his bank didn't do enough to protect him, and is even charging interest on the funds he lost from his line of credit. Bank of Montreal reimbursed 1 …
Read More »What a blow! Kleenex pulling out of Canadian consumer market
Consumer facial tissue brand Kleenex will soon be no more in Canada, as the company that makes the iconic product has decided to exit a major part of its business in this country. Corporate parent Kimberly-Clark cites 'unique complexities' of Canadian market to explain move Pass the facial tissue, Kleenex …
Read More »U.S. Justice Department sues SpaceX for discriminatory hiring practices
The U.S. Justice Department sued the Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. Company is biased against asylum seekers and refugees in hiring decisions, lawsuit alleges The U.S. Justice Department sued Elon Musk-owned rocket and satellite company SpaceX …
Read More »RBC has cut jobs and is planning to cut more, bank reveals in quarterly earnings showing profit rise
Canada's biggest bank has cut about one per cent of its workforce since the start of May and is planning to cut up to two per cent more this quarter, RBC revealed in its quarterly earnings on Thursday. Bank has already shed 645 full-time positions and may cut up to …
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