Canadians’ wages took major hit in 2022 amid high inflation rates: StatCan
Statistics Canada says inflation took an "outsized bite out of real annual wages, salaries and commissions" reported by tax-filers in 2022.
Canada
Apr 12
Former Canada Goose employees allege layoffs via email ‘inhumane’
On March 26, Canada Goose CEO Dani Reiss announced 'sad news' in a LinkedIn post: the company was laying off 17 per cent of its global corporate workforce.
Canada
Apr 5
United Way Peterborough report highlights income ‘inadequacy’
Entitled "The Gap: Income (In)Adequacy," the report reviews the past 34 years and shows how Ontario's minimum wage rate and social safety net have both changed.
Economy
Apr 10
Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why
Statistics Canada says the unemployment rate hit 6.1 per cent in March amid a loss of 2,200 jobs and a rapidly growing labour pool.
Economy
Apr 5
U.S inflation rises in March, could ‘undermine’ Fed’s confidence for rate cuts
U.S. consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday.
U.S. News
Apr 10
Debt burdening Manitobans, but 27% are feeling better about it, data shows
The latest consumer debt index from MNP Ltd. finds 27 per cent of Manitobans feel better about their current debt situation compared to last year.
Money
Apr 8
Canadian, U.S. markets rally after differing labour market reports
Canadian and American markets moved higher on Friday, with the TSX posting a new all-time closing high, even as jobs reports in both countries painted different economic pictures.
Economy
Apr 5
Cargo companies start to reroute away from Montreal amid fears of port strike
A major transport company has rerouted cargo away from the Port of Montreal over fears of a potential strike, prompting concerns that others may follow in its wake.
Economy
Mar 27
University of Winnipeg says cyberattack stole employee, student financial info
The university disclosed last week that a cyber incident targeted the school's network, leading to the school delaying exams, cancelling classes and taking down internet services.
Tech
Apr 4
Kanye West wanted to jail Donda Academy students, shave their heads: lawsuit
The lawsuit has accused Ye, formerly Kanye West, of discrimination, creating a hostile work environment, employee retaliation and unsafe working conditions.
Entertainment
Apr 3
Starbucks looks likely to win U.S. Supreme Court case involving pro-union workers
Justices noted during oral arguments that Congress requires the National Labor Relations Board to seek such injunctions in federal court.
Consumer
Apr 23
Canada’s income gap is growing. Will Budget 2024 help affordability?
The 2024 budget tabled by Finance Minister Chrystia Freeland Tuesday promised to put money back into Canadians’ wallets. So what will that look like?
Canada
Apr 18
U.S. Federal Reserve says 3 interest rate cuts still expected despite high inflation
Chair Jerome Powell said the surprising pickup in inflation in January and February hadn't fundamentally changed the Fed's picture of the economy.
Money
Mar 20
Food service strike: Air Canada, WestJet refine menus at Toronto Pearson
More than 800 workers responsible for providing food and beverages on flights leaving Toronto Pearson International Airport are on strike.
Canada
Apr 16
Working Quebec family can’t make ends meet on $2,500 a month. They’re not alone
Demand at food banks across Quebec is reaching a critical stage. For one family, the aid is essential for their survival as the cost of living continues to increase.
Features
Mar 27
Boeing reports 1st revenue drop in 7 quarters but beats expectations
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations.
Money
Apr 24
Tesla to lay off more than 10% of global workforce amid falling sales
Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war.
Money
Apr 15
Canada will take bigger economic hit than U.S. if Trump wins election: report
The Scotiabank analysis says if Trump follows through on threats of tariffs on all imported goods, there would be "substantial negative impacts" on the Canadian and U.S. economies.
Economy
Apr 23
Canada likely to avoid recession, begin recovering later in 2024: Deloitte
Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.
Economy
Apr 1
With AI, workplace surveillance has ‘skyrocketed’. But are Canadian laws keeping up?
Employee surveillance can look like a warehouse worker with a mini-computer on their arm that's tracking every movement they make, says one expert.
Canada
Mar 9