News/Business (Page 64)

Business·Analysis A court battle between the CRA and the Toronto Maple Leafs captain could be pivotal for other pro athletesToronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8 million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affectingContinue Reading

Business The Competition Bureau says it’s investigating the use of property clauses, which limit how real estate can be used by competitors, in the Canadian grocery sector. Watchdog says clauses make it harder for new supermarkets to openThe Canadian Press · Posted: Feb 08, 2024 3:09 PM EST | LastContinue Reading

Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations. News stations such as CTV and BNN Bloomberg would be affected immediately, according to an internal memo sent to BellContinue Reading

Business For the natural gas industry in Western Canada, it’s a return to low commodity prices after a few years of increased profits. Mild winter has resulted in much less demand for heating fuel Kyle Bakx · CBC News · Posted: Feb 07, 2024 8:00 AM EST | Last Updated:Continue Reading

Business·Analysis Bank of Canada says housing affordability is about boosting supply, not lowering interest ratesAs inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interestContinue Reading

Business Meta Platforms could penalize users who fail to label AI-generated audio and visual content posted on its platforms, its top policy executive said on Tuesday. Comments made by top policy executive who didn’t elaborate on nature of penaltiesThomson Reuters · Posted: Feb 06, 2024 9:03 AM EST | LastContinue Reading

Business Manulife will cover specialty drugs filled at any pharmacy, the insurance company said Monday, backtracking on its decision to only cover drugs filled at Loblaw-owned pharmacies less than a week after the exclusivity deal was announced. Company said it would implement change quickly following public feedback Jenna Benchetrit · CBC NewsContinue Reading

Business Business insolvencies jumped by more than 41 per cent last year, according to data released Friday by Canada’s top financial regulator for bankruptcies. Total number of insolvencies up by 23% in 2023 Jenna Benchetrit · CBC News · Posted: Feb 02, 2024 1:50 PM EST | Last Updated: February 3Continue Reading

Business Ad-free entertainment used to be one of the big selling points of streaming services, but as more services add commercials, experts say the glory days of advertisement-free video content are gone unless you spend enough money to make up for the loss in potential revenue. Profit margins and revenuesContinue Reading