Business News

Inflation: Which foods are the most expensive in Canada?

Grocery prices continue to be one of the largest contributors to high inflation in Canada. The Consumer Price Index (CPI) report for June showed an inflation rate of 2.8 per cent year-over-year, following a 3.4 per cent increase in May 2023. While this decrease was positive, Statistics Canada said it was “fairly broad-based.” “Canadians continued …

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Netflix shares fall as revenue growth lags estimates

Shares of Netflix tumbled nine per cent on Thursday after the video-streaming pioneer’s lack of lustre revenue rose sparked concerns of a longer road to growth from its new initiatives. The company added nearly 6 million subscribers in the second quarter — almost three times above Wall Street’s expectations — thanks to a crackdown on …

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As the pandemic business loan repayment deadline looms, calls for extending deadlines grow – Business News

The Canadian Press – Jul 11, 2023 / 9:57 am | Stories: 436296 Photo: The Canadian Press New Democrats and a business group are calling on the federal government to extend the deadline for small businesses to repay loans they receive from a pandemic support program. But an economist is cautioning against the move, saying …

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Regulator lays out proposed changes to passenger rights charter – Business News

Changes to passenger rights The Canadian Press – Jul 11, 2023 / 9:44 am | Stories: 436290 Photo: The Canadian Press The Canadian Transportation Agency is laying out proposed changes to the passenger rights charter. The reforms came after the Liberal government passed legislation last month to toughen penalties on airlines, shore up the complaint …

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Meta’s Threads is now the fastest-growing platform after 100 million users signed up in the first five days

Meta’s Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads have been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform seen by analysts …

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BC port strike hurting hundreds of small businesses: CFIB

Breadcrumb Trail Links Transportation Small Business News entrepreneur economy Critical shipments getting caught up in the dispute, small businesses say Get the latest from Naimul Karim straight to your inbox Signup Published July 11, 2023 • 3 minute read An empty pallet at the Port of Vancouver. More than half of small businesses surveyed by …

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Merger talks between Postmedia and Toronto Star owner fall apart

Talks to combine two of the biggest newspaper publishers in Canada have fallen apart. Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of The Toronto Star and dozens of other smaller newspapers under the Metroland banner — announced late last month that they had entered non-binding discussions about possibly merging. The …

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