News/Business (Page 31)

Business 23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs. Company weakened by major data breach, several rounds of layoffs, financial lossesThe Associated Press · Posted: Nov 13, 2024 8:47Continue Reading

Business Federal government departments are still allowed to advertise on TikTok despite mounting security concerns about the social media app, CBC News has learned.  Ottawa has no current ads on the app, but the door is open to future campaigns Sophia Harris · CBC News · Posted: Nov 13, 2024Continue Reading

Business The union representing Canada Post workers said it will be in a legal strike position on Friday, exactly one year after talks on a new contract began. But the union is holding back on deciding whether a job action will take place immediately. CUPW hasn’t set a strike dateContinue Reading

Business If it seems like the Christmas shopping season starts earlier every year, you’re not wrong. In response to growing customer demand, stores of all stripes brought out their festive collections weeks before the unofficial start of the holiday shopping season. Stores of all stripes brought out their festive collections weeks earlierContinue Reading

Business While public transit in many Canadian cities is struggling with rising fares and falling ridership, one Ontario community has more than doubled its transit use in the past two years. Orangeville has made its buses free, joining a list of much larger communities that have gone fare-free. Small OntarioContinue Reading

Business·Marketplace CBC’s Marketplace rounds up the consumer and health news you need from the week. Consumer and health news you need from the week Dexter McMillan · CBC News · Posted: Nov 10, 2024 8:00 AM EST | Last Updated: 10 hours ago A Canadian can of Canada Dry, left,Continue Reading

Business Canada’s unemployment rate was unchanged in October at 6.5 per cent, while job growth was little changed from the previous month, Statistics Canada said Friday. Total hours worked were up 1.6 per cent year-over-year Jenna Benchetrit · CBC News · Posted: Nov 08, 2024 8:40 AM EST | Last Updated:Continue Reading

Business The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday. Policymakers took note of a job market that has “generally eased,” while inflation continues to move toward the central bank’s two per cent target. Trump re-election means different economic landscape for central bank toContinue Reading

Business Canadian rental prices fell 1.2 per cent in October compared to the same time last year. It’s the first time that annual rents have declined since July 2021, according to a new report. Average cost of rent is down just $50 a month from June’s record high Jenna BenchetritContinue Reading