News/Business (Page 66)

Business Ikea has announced it will be lowering many of its prices as 2024 kicks off, with retail and marketing experts saying it is a change consumers will welcome and that could potentially drive sales for the global furniture giant. Competitors might have difficulty matching Ikea’s move, retail analyst says AnisContinue Reading

The federal government has said expanding the electric vehicle charging network is key to meeting the country’s climate goals, but an investigation by CBC’s Marketplace has exposed a wide range in pricing as well as inconsistencies in performance and reliability at public charging stations. Marketplace tested the pricing and reliabilityContinue Reading

Business The U.S. gross domestic product grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely, despite high interest rates and inflationary price levels. GDP grew by 3.3% in fourth quarter, which is lower than earlier monthsContinue Reading

Toronto resident Chris Moore, whose daughter Danielle was killed in the Ethiopian Airlines crash of a Boeing 737 Max in 2019, said he wasn’t surprised when he heard of the mid-air blowout on a Boeing 737 Max 9 jet earlier this month. “It’s just a matter of time before something like this would happen,”Continue Reading

Business·Analysis Interest rate cuts are coming, but the Bank of Canada won’t say whenCanadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a “false sense ofContinue Reading

Business Netflix is fully eliminating the cheapest plan available to Canadians on the streaming platform without advertisements, cutting it off from existing subscribers after making it unavailable to new customers last summer. Streaming giant also beat analyst expectations, with millions of new customers Anis Heydari · CBC News · Posted: Jan 24,Continue Reading

Business Home improvement retailer is consolidating operations and will close distribution centres in Terrebonne, Que., and Calgary, with the job losses coming months after 500 job cuts last year following acquisition by private equity firm Sycamore Partners. Most of the job losses will be in Quebec The Canadian Press ·Continue Reading

Business The Bank of Canada has announced its trendsetting interest rate will remain steady at five per cent, a move widely expected by economists. The central bank says it expects to turn its attention to how long interest rates will stay high rather than whether more increases are needed. EconomistsContinue Reading

Business Understanding ‘loud budgeting,’ TikTok’s newest finance trendSocial media users are being more vocal about their finances and budgeting online. Some describe it as a way to hold themselves accountable and feel empowered about money. With prices rising, being transparent about spending is top of mind for many Canadians BrockContinue Reading