Business

SAN FRANCISCO, California – Apple apologized on Thursday after an ad for its latest-edition iPad caused an uproar for showing an industrial press crushing objects linked to human creativity, infuriating artists. Social media users immediately criticized the ad, which was posted on X by Apple Chief Executive Officer Tim Cook, …

Prominent business groups are backtracking on their claim that one in five Canadians would be affected by the federal government’s proposed changes to capital gains taxation.  In letter to Freeland, groups claimed one in five Canadians would end up paying higher taxes. Prominent business groups are backtracking on their claim …

With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada.  Edmonton-based Flair the only ultra-low cost carrier left standing. With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only …

The Canadian economy gained 90,000 jobs in April, much higher than many economists predicted. However, the unemployment rate stayed the same as the month before, according to the latest numbers from Statistics Canada.  StatsCan’s monthly Labour Force Survey shows employment rate steady after 6 months of declines. The Canadian economy …

The spot went viral as critics denounced its message. Some found it particularly hard to stomach the imagery of big tech crushing creative tools as artists grapple with the threats posed by artificial intelligence. Ad shows a hydraulic press squeezing musical instruments, art pieces into an iPad. From its pop-art …

Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data. Nearly 800,000 international students got permits to study business, far more …

The Canadian Bankers Association and Interac both say they are actively exploring technology to prevent people from using e-transfers to perpetuate abusive behaviour. It comes months after multiple Canadians told CBC News they have been victimized by abusers who use e-transfers to circumvent other safeguards that survivors of intimate partner …

FTX says that nearly all of its customers will receive the money back that they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded.  Company owes $11.2B US to its creditors, has up to $16.3B to distribute to them. FTX …

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent on Wednesday.  E-commerce has rebounded but consumers pulling back on discretionary spending. Canadian e-commerce platform Shopify forecast its …

TOKYO – Toyota said on Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high. But the world’s largest automaker by sales warned net income would fall 27.8 percent …