Business

Environment Minister Steven Guilbeault’s department has been battling with banks for almost two years over how carbon rebates are labelled when they are deposited directly into bank accounts.  Change to the law would affect all government deposits. Canadian banks that refuse to identify the carbon rebate by name when doing …

TOKYO: Japanese inflation slowed to 2.6 percent in March, largely in line with market expectations, data showed on Friday. The year-on-year rise in prices excluding volatile fresh food against a market consensus of 2.7 percent followed a 2.8-percent February increase, in part thanks to lower gas bills. Stripping out fresh …

Google said on Thursday it has terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government.  Some workers call move an ‘act of retaliation,’ say non-protesters also fired. Google said on Thursday it has terminated 28 employees after some staff participated in …

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 …