News/Business (Page 45)

Business Year-over-year inflation in the United States reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Latest reading clears the way for FedContinue Reading

Business Villains Land is among the new projects coming to Walt Disney World as the company injects billions into its theme parks amid sagging attendance numbers and discontent over ticket prices that are also squeezing its competitors.  Villains Land among the new investments Disney has announced as attendance numbers sagContinue Reading

The Ontario community of Haliburton County bustles in the summer months with cottagers who flock to the area’s lakes to kick back by the water. But for workers who keep the community afloat by waiting tables, stocking shelves and repairing roads, finding an affordable place to live, much less a second home, canContinue Reading

Business Ford and Mazda are warning the owners of older vehicles in the U.S. and Canada not to drive them because they have dangerous Takata air bag inflators that have not been replaced. Nearly 232,000 vehicles are part of a ‘do not drive’ warning in CanadaThe Associated Press · Posted: AugContinue Reading

Business Canada’s telecommunications regulator is expanding a decision that allows smaller internet providers to use rivals’ fibre networks to offer their services to customers, but it’s too soon to say whether the move will lead to lower prices for Canadians. Bell, Telus must give competitors access to networks for aContinue Reading

Business Password-sharing types, beware: Costco is cracking down on people who borrow membership cards from friends and family by testing a new membership scanning system that will launch in several Canadian markets. New scanning system being implemented ahead of September membership rate hike Jenna Benchetrit · CBC News · Posted: Aug 13, 2024Continue Reading

Business Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job, to be replaced by Chipotle’s CEO for the last six years. Starbucks founder Howard Schultz recently cited U.S. operations as ‘primary reason’Continue Reading

Business The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million, claiming wrongful dismissal. RBC accused ex-CFO of having undisclosed personal relationship with colleagueThe Canadian Press · Posted: Aug 12, 2024 2:47 PM EDT | Last Updated: August 12 The Royal BankContinue Reading

Business Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Flat jobs numbers for third consecutive month Jenna Benchetrit · CBC News · Posted: Aug 09, 2024 8:35 AM EDT | Last Updated: August 9 A sign advertisingContinue Reading