Business news

• Unemployment dipped to 6.7% while job gains beat expectations in December

  10-01-2025 14:36 via cbc.ca
  
  The Canadian economy added 91,000 jobs and the unemployment rate dipped 0.1 percentage points to 6.7 per cent in December, Statistics Canada said on Friday, which came as a pleasant surprise to economists.
  
  Read more

• Meta ending its diversity, equity and inclusion program, according to employee memo

  10-01-2025 21:27 via cbc.ca
  
  Meta Platforms is ending its diversity, equity, and inclusion (DEI) programs, including those for hiring, training and picking suppliers, it said in a memo to employees posted on an internal company forum on Friday.
  
  Read more

• Supreme Court justices skeptical of TikTok's free speech arguments ahead of potential ban

  10-01-2025 19:16 via cbc.ca
  
  Supreme Court justices posed tough questions to the lawyer representing TikTok and its Chinese parent company, ByteDance, on Friday over a law that would force a sale or ban the widely used short-video app by Jan. 19 in the United States in a case that pits free speech rights against national security concerns.
  
  Read more

• Honda Civic hybrid, Ford Ranger and Volkswagen ID. Buzz win 2025 Detroit auto show awards

  10-01-2025 17:46 via cbc.ca
  
  The honours, announced Friday morning during an Automotive Press Association event kicking off the North American International Auto Show in Detroit, are decided by a group of 50 journalists from the U.S. and Canada. 
  
  Read more

• Advertisement

• Unemployment rate dipped slightly to 6.7% in December

  10-01-2025 14:36 via cbc.ca
  
  The Canadian economy added 91,000 jobs in December, and the unemployment rate dipped to 6.7 per cent from the previous month's 6.8 per cent, Statistics Canada said on Friday.
  
  Read more

• TikTok fights looming ban in U.S. Supreme Court. What you need to know

  10-01-2025 10:00 via cbc.ca
  
  The company that owns TikTok goes to the U.S. Supreme Court on Friday to try to fend off a new law that would see the wildly popular social media app banned later this month.
  
  Read more

• Average asking rents hit a 17-month low across Canada in December

  09-01-2025 23:18 via cbc.ca
  
  Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report.
  
  Read more

• Political uncertainty could derail major carbon capture project, experts warn

  09-01-2025 15:10 via cbc.ca
  
  The fate of Canada's largest proposed carbon capture and storage project is even more uncertain after Prime Minister Justin Trudeau's resignation announcement this week amplified existing unknowns around the future of energy and climate policy in Canada, experts say.
  
  Read more

• Advertisement

• CBC investigation uncovers grocers overcharging customers by selling underweighted meat

  09-01-2025 10:00 via cbc.ca
  
  The problem of grocers selling underweighted meat and overcharging customers is prevalent and ongoing, a CBC News investigation has found.
  
  Read more

• Montreal fashion brand Frank and Oak, over $70M in debt, files for creditor protection

  08-01-2025 18:43 via cbc.ca
  
  Montreal-based retailer Frank and Oak has filed for creditor protection for the second time this decade, seeking relief from $71 million in debt.
  
  Read more

• Frank And Oak seeks creditor protection while Ricki's and Cleo shutter stores in retail shakeup

  08-01-2025 18:43 via cbc.ca
  
  Montreal-based retailer Frank And Oak has filed for creditor protection for the second time this decade, seeking relief from $71 million in debt, while the Ontario company behind Ricky's and Cleo says it will shutter their stores.
  
  Read more

• Is it still 'social media' if it's overrun by AI?

  08-01-2025 10:00 via cbc.ca
  
  Facebook's parent company Meta has a new vision: characters powered by artificial intelligence existing alongside actual friends and family. But some experts caution that this could mark the end of social media as we know it.
  
  Read more

• Elon Musk is on a tear as he shakes up politics in Europe. What's his endgame?

  08-01-2025 10:00 via cbc.ca
  
  Not content with having the ear of incoming U.S. president Donald Trump, tech billionaire Elon Musk has been trashing European politicians on both the left and right, and using posts on his social media platform, X, to disrupt politics across the continent.
  
  Read more

• Montreal-based retailer Frank And Oak $70M in debt and filing for creditor protection — again

  08-01-2025 01:26 via cbc.ca
  
  After being hit hard by the COVID-19 pandemic, clothing retailer Frank And Oak’s struggles have continued thanks in part to online fast fashion trends.
  
  Read more

• Credit rating agency warns of congressional debt limit stalemate despite GOP majority

  08-01-2025 00:07 via foxbusiness.com
  
  The U.S. is at risk of hitting an impasse over the debt limit with congressional Republicans dealing with a threadbare majority in the House of Representatives, the Fitch Ratings agency warned in a report on Tuesday."The U.S. faces significant policy challenges in 2025 relating to the debt limit, appropriations, and tax cuts in the context of already large deficits and an increasing debt burden," Fitch wrote. "We think it is unlikely that debate to increase or suspend the debt limit wi
  
  Read more

• LARRY KUDLOW: Mr. Trump knows exactly what he's talking about

  07-01-2025 23:23 via foxbusiness.com
  
  Gulf of America sounds just perfect to me and that's the subject of the riff. Let's start with the Gulf of America. Before, it had been the Gulf of Mexico, but it was named in the 16th century – before the United States of America even existed. So "Gulf of Mexico" sounds outdated to me. It's time for a change. Mr. Trump today basically said "Gulf of America" has a big beautiful ring to it. Sounds like his endorsement of one big, beautiful budget bill to cut taxes and seal the border,
  
  Read more

• Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway

  07-01-2025 22:47 via cbc.ca
  
  When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
  
  Read more

• US designates Tencent a Chinese military company, adding tech giant to blacklist

  07-01-2025 22:15 via foxbusiness.com
  
  The U.S. Department of Defense (DOD) has added Chinese tech giant Tencent Holdings, Ltd. to its "blacklist" of companies that allegedly aide the Chinese military.The DOD on Monday released its annual updated list of firms operating in the U.S. deemed to be "Chinese Military Companies," which is a requirement under Section 1260H of the Mac Thornberry National Defense Authorization Act (NDAA) of FY2021. Tencent was a new addition to the list.The list is a warning to American companies to not work
  
  Read more

• Leases for nearly 700 Party City locations to be auctioned off

  07-01-2025 21:42 via foxbusiness.com
  
  The leases of nearly 700 Party City stores are poised to be auctioned off amid the party supplies retailer’s ongoing bankruptcy. A&G Real Estate Partners said it has been tasked with the planned auctioning of leases for 695 locations across America "pending court approval." They are located in 44 states. "The bid deadline and auction likely will be in early February," A&G Real Estate Partners said.The hundreds of leases are "for freestanding stores as well as those locate
  
  Read more

• Toyota to invest over $44M in rocket company

  07-01-2025 19:46 via foxbusiness.com
  
  Toyota’s mobility subsidiary will invest $44.3 million into a Japanese rocket company.Interstellar Technologies (IST) is slated to receive Woven by Toyota’s multimillion-dollar investment "by the first close" of its Series F fundraising, the rocket company said Tuesday. It also announced a "business alliance" with Toyota.IST said it "aims to leverage automotive industry expertise, including Toyota’s production methods, to transition rocket manufacturing into a high-quality, cos
  
  Read more

• Elon Musk applauds Zuckerberg's move ending fact-checking on Facebook, Instagram

  07-01-2025 19:44 via foxbusiness.com
  
  X owner Elon Musk gave a nod to Mark Zuckerberg on Tuesday after the Meta Platforms CEO followed his lead in scrapping fact-checking on his social media platforms.In reaction to news of Zuckerberg's pledge to "restore" free speech to Facebook, Instagram and other Meta platforms by getting rid of fact-checkers and replacing them with "Community Notes" similar to what Musk did on X, Musk replied, "This is cool."X CEO Linda Yaccarino celebrated Zuckerberg's move, too, writing on X that Community No
  
  Read more

• AI chatbots drive online holiday spending to record level

  07-01-2025 19:27 via foxbusiness.com
  
  Online holiday shopping reached a record $241.4 billion during the 2024 season. It was fueled in part by generative AI-powered chatbots that increased traffic to e-commerce sites, according to Adobe Analytics. Online spending between Nov. 1 and Dec. 31 rose nearly 9% year over year, according to the latest figures from Adobe Analytics. For 15 days during the shopping period, spending reached more than $4 billion in a single day, up from 11 days in 2023. For its analysis on U.S. e-comme
  
  Read more

• Trump hits Biden on last-minute energy crackdown, promises day 1 reversal

  07-01-2025 19:24 via foxbusiness.com
  
  President-elect Donald Trump railed against environmental regulations enacted by President Biden on his way out of office, vowing on Tuesday to reverse those policies when he assumes office later this month.At a news conference at Mar-a-Lago, Trump derided Biden's pledge to have a smooth transition as just "talk," pointing to a series of last-minute executive orders Biden announced before he leaves the White House. On Monday, Biden placed a permanent ban on new oil and gas drilling across U.S. c
  
  Read more

• Trump says he would use 'economic force' on Canada

  07-01-2025 18:46 via cbc.ca
  
  President-elect Donald Trump on Tuesday continued to threaten significant tariffs and said he would be willing to use "economic force," rather than military force, to join Canada and the United States together.
  
  Read more

• Trudeau says 'not a snowball's chance in hell' Canada joins U.S.

  07-01-2025 18:46 via cbc.ca
  
  Prime Minister Justin Trudeau on Tuesday dismissed U.S. president-elect Donald Trump's willingness to use "economic force" to absorb Canada into the United States by reiterating what his Canadian government has said for some time: Merging countries is not in the realm of possibility.
  
  Read more

• Who is DAMAC? The company investing $20B in Midwest, Sun Belt data centers

  07-01-2025 18:19 via foxbusiness.com
  
  President-elect Trump on Tuesday announced that a company based in the United Arab Emirates will invest $20 billion to build data centers in several Midwest and Sun Belt states.Trump spoke to the press at his Mar-a-Lago resort in Florida, where he was joined by Hussain Sajwani, the founder and chairman of DAMAC, an investment and property development company based in Dubai."I'm thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the
  
  Read more

• Louisiana planning to sue Biden admin over drilling ban

  07-01-2025 18:12 via foxbusiness.com
  
  The state of Louisiana is preparing to sue the Biden administration in an effort to reverse President Biden's 11th hour ban on new offshore drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore waters.Soon after the White House announced the president's executive action on Monday, Louisiana Attorney General Liz Murrill reacted on X, calling the move "an attack on America's energy independence" and vowing that a lawsuit would be "incoming
  
  Read more

• Nvidia CEO: 'ChatGPT moment for general robotics is just around the corner'

  07-01-2025 18:11 via foxbusiness.com
  
  Nvidia CEO Jensen Huang said the artificial intelligence (AI) revolution is on the verge of delivering breakthroughs in robotics, while delivering remarks Monday at the annual Consumer Electronics Show conference in Las Vegas."The ChatGPT moment for general robotics is just around the corner," Huang said in reference to the impact of OpenAI's ChatGPT spurring broader interest in generative AI technology with the release of a conversational AI chatbot in late 2022. "In fact, all of
  
  Read more

• Washington Post begins layoffs, cutting 4 percent of workforce

  07-01-2025 17:30 via foxbusiness.com
  
  The Washington Post began laying off a chunk of its workforce on Tuesday, cutting figures on the business side of the company.The cuts did not affect the newsroom. About 4% of the company, or less than 100 people, will be laid off across its business divisions, Fox News Digital has learned. The layoffs, beginning Tuesday, were first reported by the New York Times."The Washington Post is continuing its transformation to meet the needs of the industry, build a more sustainable future and reach aud
  
  Read more

• Meta to end fact-checking program on Facebook, Instagram in U.S.

  07-01-2025 16:35 via cbc.ca
  
  Meta is ending its fact-checking program in the U.S. and replacing it with a system similar to the "Community Notes" on Elon Musk-owned X, the Facebook parent said on Tuesday.
  
  Read more

Follow @Business_Newsl on Twitter!