News/Business (Page 46)

Business The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. Some governing council members think weak job market will hinder economic growthThe Canadian Press · Posted: Aug 07, 2024Continue Reading

Business Rents are still rising across Canada but the year-over-year pace of growth has slowed, according to a report released Wednesday by Rentals.ca and Urbanation. Provinces with most affordable rents are ones where rent is rising at fastest pace Jenna Benchetrit · CBC News · Posted: Aug 07, 2024 3:13 PMContinue Reading

Business Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. Lawsuit alleges company deprived of billions in revenue, antitrust laws violatedThe Associated Press · Posted: Aug 06, 2024Continue Reading

Business Some calm is returning to Wall Street, and U.S. stocks are holding steadier after Japan’s market soared Tuesday to largely bounce back from its worst loss since 1987. Japan’s Nikkei index recovered most of its losses after a steep drop on MondayThe Associated Press · Posted: Aug 06, 2024Continue Reading

Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent.Continue Reading

Business Newly available data shows Canada’s transport regulator ordered airlines to pay passengers compensation or a refund in half the cases resolved over a recent nine-month period. But most details about these decisions are now confidential, a change that concerns critics. But new rules that keep some details secret couldContinue Reading

Business Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. Canada’s S&P/TSX composite index saw steepest daily drop since mid-FebruaryThe Associated Press · Posted: Aug 02, 2024 5:26 PM EDT | Last Updated: August 2 A reportContinue Reading

Business Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst sell-off since 2000, after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chipmaking business. Once the world’s leading chipmaker, tech company has stumbledContinue Reading

Business New mortgage rules announced in the 2024 federal budget are kicking in Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off their mortgages. Government says policy will help first-time homebuyers, but critics stress itsContinue Reading