business news article Archives

Canadians facing financial pressures ahead of the Bank of Canada decision

Breadcrumb Trail Links Retirement Personal Finance News economy More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published July 11, 2023 • Last updated 1 day ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Article content …

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Fake online reviews: US proposes bans

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WASHINGTON – US federal regulators are looking to crack down on fake reviews and other deceptive internet practices. The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more. Businesses would also be prohibited from running company-controlled websites that claim to …

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United CEO apologizes for flying private

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New York – United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights. The airline confirmed Kirby flew from Teterboro Airport in New Jersey to Denver, Colorado, on Wednesday, and that the company did not pay for …

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Uh-oh. More good news that may be bad for your economic health

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At first glance, the response of “sold over asking” real estate signs may seem like an encouraging signal for the Canadian economy, especially for highly invested homeowners who have watched prices fall from last year’s highs. But a growing number of economists worry that a recent series of indicators, the latest being Wednesday’s rise in …

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Real estate: May home sales, prices rise year-over-year

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Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year. The findings released by the Canadian Real Estate Association on Thursday suggested a marked shift away from the sluggish sales and slumping …

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Bank of Canada rates hike nails in coffin for economy

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Breadcrumb Trail Links economy The Bank of Canada did exercise patience, but not enough Published June 08, 2023 • Last updated 1 day ago • 4 minute read The Bank of Canada’s tone on June 7 was hawkish, leaving the door open for another interest rate hike in July. Photo by Sean Kilpatrick /The Canadian …

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Smith faces a slew of financial challenges in Alberta after election victory

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After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election. Smith became premier in October after winning the UCP leadership vote in the wake of …

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6 ways to make more income from your investments

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Breadcrumb Trail Links Investors The downside from here is much smaller than the upside Published May 09, 2023 • Last updated 3 hours ago • 5 minute read A monitor with stock market information on the floor of the New York Stock Exchange. Photo by Michael Nagle/Bloomberg files Article content There are some unique opportunities …

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WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News

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WestJet closes Sunwing deal The Canadian Press – May 1, 2023 / 9:15 am | Stories: 424375 Photo: The Canadian Press The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year. The company says that, initially, the airlines will continue independent operations. …

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Second Nature Brands hires Chris Caswell as CFO

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DETROIT — Second Nature Brands, a better-for-you brand acquired by CapVest Partners LLP last April, has named Chris Caswell as its new chief financial officer. Before joining Second Nature Brands, Mr. Caswell was CFO at Welch Foods Inc. for four years. Previously, Mr. Caswell held positions at retail company Clarks Americas, academic intervention company Resiliency …

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