News/Business (Page 35)

Business Canada’s inflation rate fell to 1.6 per cent in September, Statistics Canada reported Tuesday, after hitting the Bank of Canada’s two per cent goal in August. Consumer price index reached Bank of Canada’s 2% goal in August Jenna Benchetrit · CBC News · Posted: Oct 15, 2024 8:36 AM EDTContinue Reading

Business The murder trial of a tech consultant in the stabbing death of Cash App founder Bob Lee begins Monday, a year and a half after the widely admired entrepreneur was found staggering on a deserted downtown San Francisco street seeking help. Bob Lee died in a stabbing last yearContinue Reading

Business Uber rolled out a new pay model this week in Ontario, where an AI-powered algorithm determines what drivers earn beyond the distance and duration of each ride. The new pay was launched in B.C. last month and has been used in the U.S. for two years, where worker advocatesContinue Reading

Business Dollarama has reached a $2.6-million settlement in a national class-action lawsuit over environmental fees applied to products like batteries, electronic toys and light bulbs. Class members will be eligible for an Interac e-transfer of up to $10 Jenna Benchetrit · CBC News · Posted: Oct 11, 2024 2:54 PMContinue Reading

Business Canada’s unemployment rate declined for the first time since January to 6.5 per cent, and full-time employment saw its largest gain since May 2022. But employment rates are still failing to keep up with population growth, and labour participation is down, making for “mixed” results, analysts say. Full-time employmentContinue Reading

Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals, in a display that has largely failed to create much fanfare. At a glitzy unveiling, Musk reached the stage in a “Cybercab” to be produced from 2026 — eventually inContinue Reading

Business The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company’s research dominance and how breakthroughs in computer science ought to be recognized. Google faces competitive pressure and regulatory scrutinyThomson Reuters · Posted: Oct 10, 2024Continue Reading

Business Toronto-Dominion Bank is facing fines totalling about $3.09 billion US from U.S. regulators after pleading guilty to multiple charges, including conspiracy to violate the Bank Secrecy Act and commit money laundering. U.S. attorney general says penalty the largest under the country’s Bank Secrecy Act TD Bank Group is facingContinue Reading

Business Air Canada pilots have given a green light to a tentative agreement with the airline that raises wages, dashing any fears of a future strike and allowing management and passengers to breathe easier. Pilots voted to ratify a deal which will see pilots receive a nearly 42 per centContinue Reading