Business

Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase, along with shelter costs such as mortgage interest rates and rent.  Year-over-year inflation is up slightly but dropped when excluding gasoline prices. Canada’s inflation rate went up …

A technical error by Tim Hortons led coffee drinkers across Canada to falsely believe they had won a $55,000 boat as part of the franchise’s Roll Up To Win promotion.  Coffee chain sent email to contest participants Wednesday, apologizing for the error. A technical error by Tim Hortons led coffee …

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.  Stock underperforming legacy automakers like Toyota, General Motors. Tesla will lay off more than …

RVs — along with boats, ATVs and other outdoor vehicles — sold like hotcakes during the pandemic as people poured their vacation funds into goods that could be enjoyed closer to home. But now the sector is going through a market correction, with sales down around 20 per cent last …

Royal LePage is forecasting that the aggregate price of a home in Canada will increase 9 per cent in the fourth quarter of 2024, compared to the same period last year. At the same time, CREA said home sales activity edged up 0.5 per cent between February and March.  Royal …

General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday.  The iconic Renaissance Center building will be redeveloped. General Motors will move its Detroit headquarters to a new …

Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page.  News is being replaced by memes, says media expert. Since Meta blocked links to …

The Trudeau government is promising $9 billion in new cash for Indigenous communities over the next five years, a smaller spend than some past budgets but one the government says builds on past investments and maintains an upward trend. $5B in Indigenous loan guarantees for resource and energy projects also …

SAN FRANCISCO: Meta’s oversight board said on Tuesday it is scrutinizing the social media titan’s deepfake porn policies, through the lens of two cases. The move by what is referred to as a Meta “supreme court” for content moderation disputes comes just months after the widespread sharing of lewd AI-generated …

The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine print to find measures for young renters who can’t buy a home — or just don’t want to. Budget emphasizes …