Business news

• US economy added 142,000 jobs in August, missing expectations

  06-09-2024 14:33 via foxbusiness.com
  
  U.S. job growth picked up in August but missed economists' expectations, while the unemployment rate was little changed.The U.S. Department of Labor on Friday reported that employers added 142,000 jobs in August, compared to the 160,000 gain that was projected by LSEG economists.The unemployment rate also dipped slightly to 4.2%, in line with expectations, after it had unexpectedly risen to 4.3% in July, which was the highest level for the jobless rate since October 2021.The number of jobs added
  
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• U.S. Federal Reserve cuts interest rates again

  07-11-2024 20:33 via cbc.ca
  
  The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday. Policymakers took note of a job market that has "generally eased," while inflation continues to move toward the central bank's two per cent target.
  
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• Emissions from oilsands forecast to continue rising as oil production increases, says report

  07-11-2024 19:48 via cbc.ca
  
  Total greenhouse gas emissions from Alberta's oilsands have remained relatively flat for the last few years but could climb yet again in 2024 as the industry ratchets up oil production, according to a new report released Thursday.
  
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• Annual rental prices fell for the 1st time in over three years, but only in big cities

  07-11-2024 19:23 via cbc.ca
  
  Canadian rental prices fell 1.2 per cent in October compared to the same time last year. It's the first time that annual rents have declined since July 2021, according to a new report.
  
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• Via Rail's performance has gone from bad to worse — and it's costing the company millions

  07-11-2024 10:00 via cbc.ca
  
  Via Rail's service standards have eroded substantially over the last decade, with many more trains arriving late.
  
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• Canadian trade survived the first Trump presidency. Here's how it can survive the second

  07-11-2024 10:00 via cbc.ca
  
  Donald Trump is returning to the White House with big plans to remake the global trade landscape. That could be a disaster for Canada's economy. But key players of the last trade war believe they can mitigate the damage.
  
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• Trudeau government bans TikTok from operating in Canada — but Canadians can still use it

  06-11-2024 23:30 via cbc.ca
  
  Citing national security concerns, the federal government has ordered TikTok to shutter its Canadian operations — but users will still be able to access the popular video app.
  
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• Cineplex says it will make online purchase fee more obvious following penalty

  06-11-2024 22:52 via cbc.ca
  
  Cineplex Inc. says it will continue adding a fee to some online ticket purchases after being penalized earlier this fall for alleged deceptive marketing, but it will adjust how the charge is communicated to moviegoers.
  
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• 'Grueling and arduous': A look back at Canada-U.S. relations during the first Trump presidency

  06-11-2024 21:59 via cbc.ca
  
  Canadian political leaders are congratulating Donald Trump on winning back the U.S. presidency — a victory that raises questions about what Canada-U.S. relations will look like over the next four years.
  
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• Bitcoin jumps to record high in crypto frenzy after Trump win

  06-11-2024 17:23 via cbc.ca
  
  The price of bitcoin hit a new high Wednesday as investors bet that former president Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies.
  
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• Various breads and buns recalled due to pieces of metal: CFIA

  06-11-2024 15:33 via cbc.ca
  
  The Canadian Food Inspection Agency has issued a recall for several brands of bread and buns due to pieces of metal in the products.
  
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• Several bread and bun brands recalled due to pieces of metal, says Canada's food safety agency

  06-11-2024 15:33 via cbc.ca
  
  The Canadian Food Inspection Agency has issued a recall for several brands of bread and buns due to pieces of metal in the products.
  
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• Canadian legal information database sues company behind AI chatbot

  06-11-2024 14:00 via cbc.ca
  
  The Canadian Legal Information Institute (CanLII) has taken the makers of an AI chatbot to court over what it says are a violation of its terms of service, due to the chatbot scraping CanLII's database in bulk.
  
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• Canada, prepare for the big squeeze. Trump will press on several sensitive fronts

  06-11-2024 13:38 via cbc.ca
  
  Donald Trump's second term as U.S. president carries implications at home and abroad. That includes potentially wreaking havoc on global economies through the aggressive use of tariffs.
  
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• Over half of workers compensation claims in Alberta construction are 1st-year workers

  06-11-2024 10:00 via cbc.ca
  
  Ahead of its safety conference this week, the Alberta Construction Safety Association is highlighting the need to address worker safety — especially for those just starting out.
  
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• New toonie designed by Inuit artists unveiled in Ottawa

  06-11-2024 10:00 via cbc.ca
  
  The design, meant to celebrate Northern culture, waterways and Inuit land, was unveiled at a Royal Canadian Mint ceremony on Nov. 5, 2024. The CBC’s Sandra Abma was there.
  
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• BCE to buy U.S. internet provider Ziply for $5B, in part with funds from MLSE sale

  05-11-2024 21:54 via cbc.ca
  
  BCE has signed a deal to buy U.S. fibre internet provider Ziply Fiber for about $5 billion in cash, using in part the profits from the high-profile sale of the company’s stake in Maple Leaf Sports & Entertainment earlier this fall. 
  
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• Canada Post says strike threat is already affecting revenue

  05-11-2024 21:02 via cbc.ca
  
  Canada Post says the threat of a strike is “rapidly impacting” its revenue as customers who worry about their holiday packages not arriving in time switch delivery services.
  
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• B.C. ports are frozen amid a labour dispute. What does this mean for Canadians?

  05-11-2024 16:57 via cbc.ca
  
  A major trade artery was shut down on Monday when employers locked out more than 700 foremen at ports across British Columbia. But what does this mean for Canada’s supply chain and for consumers?
  
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• Boeing workers vote to end 7-week strike, accept new contract with 38% raise

  05-11-2024 11:35 via cbc.ca
  
  Boeing's West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled plane-maker.
  
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• Three years of roaring oil prices could be coming to an end

  05-11-2024 10:00 via cbc.ca
  
  The days of oil companies being compared to broken cash machines are likely over.
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $35,866,603,223,541.48 as of 11/4/24

  05-11-2024 00:32 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — fell to $35,866,603,223,541.48 as of November 4th, according to the latest numbers published by the Treasury Department. That is down about $85 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt hovere
  
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• LARRY KUDLOW: Suppose tomorrow's results are one big populist surprise

  04-11-2024 23:35 via foxbusiness.com
  
  Suppose tomorrow's results are one big populist surprise and that's the subject of the riff.  Nearly all the commentators and pollsters are calling the Trump-Harris race a toss-up that's too close to call. Maybe so, but I can think of a couple of major patterns that pollsters may not have figured out.  One of them is a big GOP early voting turnout, completely unlike 2020, and actually sponsored by President Trump – who actually came around on this issue. Plus, voter reg
  
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• Trump dominating over Harris in betting markets ahead of Election Day

  04-11-2024 23:30 via foxbusiness.com
  
  While polls show the 2024 presidential race between former President Trump and Vice President Harris is neck and neck ahead of Election Day, the GOP nominee is heavily favored to win in nearly all betting markets.Traders on crypto-based Polymarket, the largest prediction market, saw Trump as having a 58.1% chance of taking back the White House as of Monday afternoon, compared to Harris' 41.9%.On U.S.-based platform Kalshi, traders saw Trump with a 55% chance of victory, to Harris' 45%.HOW US CON
  
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• First-time homebuyers are older than ever before: National Association of Realtors

  04-11-2024 22:36 via foxbusiness.com
  
  The age of first-time homebuyers reached a new high, underscoring the significant financial hurdles faced by those attempting to enter the housing market.The first-time homebuyers’ median age reached 38 years old, according to the National Association of Realtors' (NAR) annual survey of buyers and sellers. That's up from 35 years old last year and up significantly from the 1980s when the typical first-time homebuyer was in their late 20s.This record comes despite first-time home buyer's ho
  
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• Crypto industry election spending tallies at least $238M, surpassing traditional giants

  04-11-2024 22:06 via foxbusiness.com
  
  The U.S. cryptocurrency industry has overtaken some traditional big spenders in the 2024 election cycle in a bid to make Washington more favorable toward digital assets.According to an analysis of Federal Election Commission filings by blockchain analytics platform Breadcrumbs and FOX Business, the digital asset industry has raised at least $238 million so far this election cycle from corporate contributions to super PACs and individual donations
  
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• SNL alum says Harris appearance 'would have never' happened in 'kinder, gentler' old days of show's history

  04-11-2024 21:40 via foxbusiness.com
  
  The climate surrounding "Saturday Night Live" was different back in the day, comedian Joe Piscopo told FOX Business' Neil Cavuto on Monday."I was the guy appointed and anointed to do Ronald Reagan and, at the time, I was a diehard Democrat, but it was nicer back then. It was kinder, and it was gentler," the SNL alum said."He [Reagan] would have never shown up," he continued, referencing Vice President Kamala Harris' last-minute appearance on the show over the weekend."In reverse… he invit
  
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• Major airline to spend over $800M to upgrade cabins of long-haul aircraft

  04-11-2024 21:15 via foxbusiness.com
  
  Singapore Airlines announced on Monday that its long-haul and ultra-long-haul Airbus A350-900 planes will undergo an interior makeover. The newly announced retrofitting initiative meant to "redefine the premium travel experience" on the aircraft is expected to be totally done by the end of 2030, the company said. Under the initiative, Singapore Airlines will bring updated business class seats and "refreshed" premium economy and economy cabins to its 41 A350-900 planes, with its A3
  
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• Vancouver-area home sales surge in October amid lower borrowing costs: real estate board

  04-11-2024 21:02 via cbc.ca
  
  Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound after the Bank of Canada's four consecutive cuts to its key interest rate.
  
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• Small business uncertaintly hits all-time high ahead of Election Day

  04-11-2024 20:52 via foxbusiness.com
  
  Wall Street might be booming, but Main Street is feeling more uncertainty than ever ahead of Election Day, as polling shows the race between former President Trump and Vice President Harris is a dead heat.The National Federation of Independent Businesses' (NFIB) Uncertainty Index surged 11 points in September to 103, the highest reading on record, indicating small business owners' jitters about the future are at an unprecedented level."Uncertainty makes owners hesitant to invest in capital spend
  
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