There was little change to Canada's job market in July as the unemployment rate inched up ever so slightly to 5.5 per cent, according to data released by Statistics Canada on Friday. Average hourly wages grew 5 per cent in July for third consecutive month of gains There was little …
Read More »Business World
Telus slashing 6,000 jobs amid drop in 2nd quarter profits
Telecommunications giant Telus says it plans to trim 6,000 jobs, citing its need to free up cash flow and remain competitive. Restructuring comes amid telecom giant's drop in 2nd-quarter profit Telecommunications giant Telus says it plans to trim 6,000 jobs, citing its need to free up cash flow and remain …
Read More »Your latest questions about Bill C-18 and the blocking of Canadian news answered
All Facebook and Instagram users in Canada won't be able to access news on their platforms soon, after parent company Meta said it would shut out news in the country over the next few weeks. We answer some of your questions about the Liberals' Online News Act and Meta's latest …
Read More »Stock markets slump as rating agency Fitch downgrades U.S. from AAA debt status
Wall Street fell on Wednesday after a move by rating agency Fitch to downgrade the U.S. government's credit rating hit an appetite for risky assets around the world. Fiscal deterioration over the next 3 years cited, as well as growing government debt Wall Street fell on Wednesday after a move …
Read More »National Bank buys Silicon Valley Bank’s Canadian commercial lending business
National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. Roughly $1B worth of loans to tech and life sciences firms are included National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The …
Read More »Tupperware warned it might go bust — but its stock has gained 700% since then. Here’s why
Warning that you might go out of business isn't the sort of thing that tends to send a company's stock soaring, but that's exactly what happened to Tupperware recently, with shares in the iconic food container company gaining 700 per cent in the latest meme stock rally. Company has become …
Read More »Meta permanently ending news availability on its platforms in Canada starting today
Social media giant Meta says it has officially begun ending news availability on its platforms in Canada starting Tuesday. Company says implementing new policy on its platforms will take a few weeks Social media giant Meta says it has officially begun ending news availability on its platforms in Canada starting …
Read More »‘Barbenheimer’ made this July the best one ever at the box office for Cineplex
Cineplex Inc. says it saw its highest July box office of all time as Barbie and Oppenheimer sent droves to theatres last month. $86 million worth of tickets sold is the second-best month of all time for theatre chain Cineplex Inc. says it saw its highest July box office of …
Read More »These Canadian companies switched to a 4-day work week. Here’s why
A new study involving 41 companies from North America found that 35 of them are keeping, planning to or leaning toward keeping the four-day work week scheme in place moving forward. Time spent on personal and sick days dropped, with no effect on revenue, one firm says Ayesha Khan says …
Read More »This man had a ‘poor’ credit rating because of a glitch at Equifax. He’s now warning others
Velimir Drecun is warning other Meridian Credit Union customers to check their Equifax credit score after learning an internal problem at the credit reporting company led to duplicated debt and a erroneous "poor" credit rating on his report. Company says an error is affecting some Meridian Credit Union customers Velimir …
Read More »