News/Business (Page 68)

Business Canadians are cutting back on spending more, while mortgage holders say they are confident they can keep up with higher payments, according to a new survey out from the Bank of Canada. About two-thirds of consumers have plans to cut backThe Canadian Press · Posted: Jan 15, 2024 12:08Continue Reading

Business Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade nationally, according to the latest statistics from the Canadian Real Estate Association. Sales up in December, but experts cautious about calling it a trend Anis Heydari · CBC News · Posted: JanContinue Reading

Business How smart marketing, scarce supply and unique colours made the Stanley cup a must-have itemStanley water bottles are all the rage thanks to a massive marketing change and the power of social media. It also helps that they’re not easy to find. Brock Wilson · CBC News · Posted:Continue Reading

Business From corny jokes to job applications, ChatGPT’s new store is selling specialized AI softwareProminent artificial intelligence company OpenAI has launched a new way for developers to sell and distribute their own, custom versions of AI software through an app store, with industry participants and watchdogs saying it could change howContinue Reading

Business Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Company says collision and damage costs are higher for electric vehiclesThomson Reuters · Posted: Jan 11, 2024Continue Reading

Business The Vancouver clothing chain’s latest earnings were an improvement compared to the last two quarters, but the company still isn’t performing as well as it did at the beginning of last year. Vancouver retailer’s net income down 39% this quarter Paula Duhatschek · CBC News · Posted: Jan 11,Continue Reading

Business·Analysis U.S. financial regulators have formally approved new bitcoin exchange-traded funds. The move is being heralded as a landmark moment in the history of cryptocurrency and its acceptance into mainstream financial markets. Move is seen as a major shift in the acceptance of cryptocurrency into mainstream financial markets Peter ArmstrongContinue Reading

Business Online giant Amazon is eliminating hundreds of positions across various video and streaming divisions — cuts that come as the company has eliminated more than 27,000 jobs over the past year. Online giant Amazon has cut more than 27,000 jobs over the past yearAnis Heydari · CBC News ·Continue Reading

Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicleContinue Reading