Business

Build Canada Homes has been promised as a means to double the pace of housing construction, but no such plan has been presented to achieve this. (Credit: Gavin Young/Postmedia files) The Parliamentary Budget Office projects Canada’s new housing federal agency will add 26,000 housing units over the next five years. This is a 2.1 …

Iren, the company behind major data centres in northern B.C. is converting its infrastructure from bitcoin mining into AI storage. The Australia-based company is upgrading equipment at its sites in Prince George, Mackenzie and Canal Flats sites. Iren is converting its existing infrastructure for AI computing as B.C. bans new …

Workers are seen at a manufacturing facility in Santa Rosa, Laguna (STAR / File)  MANILA, Philippines — Philippine manufacturing activity slid into contraction mode in November, falling to its lowest level in over four years, due to weak demand. In a statement yesterday, S&P Global said that the Philippine manufacturing …

The Metis Settlements of Alberta say they’re interested in purchasing a stake in a proposed oil pipeline to the West Coast and want to work with First Nations in British Columbia who oppose the project and plan to bring forward an emergency resolution at the Assembly of First Nations meetings …

Under the current board, Transat delivered “a consistent track-record of operational and financial underperformance, resulting in shareholder-value destruction,” said a letter to the board. (Credit: John Mahoney/MONTREAL GAZETTE/Postmedia files) Transat A.T. Inc. shareholders are being urged to hold a special meeting “to prevent further destruction of shareholder value” of the Montreal-based airline by reducing …

“Dig deeper, and the engine still looks like it’s running on fumes,” says Desjardins economist Analysts had expected real gross domestic product (GDP) for the quarter to grow by 0.5 per cent on an annualized basis — the same as the Bank of Canada’s projection for the quarter. (Photo by …

At this year’s Hong Kong FinTech Week x StartmeupHK Festival, Alfred Lo, Group Chief Technology Officer of Maya, joined global fintech and banking leaders in discussing how AI is building a more inclusive, intelligent financial ecosystem. “AI is becoming the new infrastructure of finance,” said Alfred Lo, group chief technology …

The popular listening platform Spotify has dominated the streaming industry for years. But there have been recent calls to boycott the platform over controversies surrounding issues like artist compensation, its CEO and ICE ads. Are listeners finally fed up? Interest seems to have waned in highly popular Spotify Wrapped, an …

The report by the Philippine Digital Asset Exchange (PDAX), Saison Capital and Onigri Capital showed that the value represents approximately five percent of the total value of deposits and securities over the past five years (Businessworld / FREEPIK)  Over 14 percent of Filipinos already own cryptocurrencies, which is higher than …

They are seeking advice on returning financed vehicles as high expenses make ownership feel unsustainable Used car loan delinquencies, particularly among loans originated between 2021 and 2023, are significantly  contributing to the increase in auto missed payments, according to an Equifax Canada report on consumer credit trends for the first …