Toronto homeowners’ cost of living costs almost 60%
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Canada’s biggest city isn’t just expensive for homeowners. Renters’ costs have suffered 22%
Published May 01, 2023 • Last updated 18 hours ago • 4 minute read
Costs for Toronto homeowners have skyrocketed 58 per cent since last year. Photo by Ernest Doroszuk/Toronto Sun/Postmedia
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President Biden jokes to dinner guests if you’re disoriented or confused, you’re either ‘drunk or Marjorie Taylor Greene’
President Joe Biden laughs as he speaks during the White House Correspondents’ Association dinner at the Washington Hilton in Washington, Saturday, April 29, 2023.Carolyn Kaster/AP Photo
Biden mocked Rep. Marjorie Taylor Greene during his White House Correspondents’ Dinner speech.
He said that if the guests felt confused, they would either “drunk or Marjorie Taylor Greene.”
Biden also poked fun at his political rivals and himself at the annual event.
President Joe Biden made a jibe at Rep. Marjorie Taylor Greene during his speech at the White House Correspondents’ Dinner on Saturday night, suggesting the congresswoman was “confused.”
“I want everyone…
SpaceX giant rocket explodes minutes after launch from Texas – Business News
Photo: The Canadian Press
SpaceX’s Starship breaks up after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. (AP Photo/Eric Gay)
SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.
Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter)…
BuzzFeed News to be shuttered in corporate cost cutting move – Business News
Photo: The Canadian Press
FILE – The entrance to BuzzFeed in New York was seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company was going to start the process of shutting down its news division, and that cuts would also occur across its business, content, tech and administrative teams. (AP Photo/Ted Shaffrey, File)
Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of…
Elon Musk’s Twitter drops government-funded media labels – Business News
Photo: The Canadian Press
Twitter has removed labels describing global media organizations as government-funded or state-affiliated, a move that comes after the Elon Musk-owned platform started stripping blue verification checkmarks from accounts that don’t pay a monthly fee.
Among those no longer labeled was National Public Radio in the US, which announced last week that it would stop using Twitter after its main account was designated state-affiliated media, a term also used to identify media outlets controlled or heavily influenced by authoritarian governments, such as Russia and China.
Twitter later changed the label to “government-funded media,” but NPR — which…
Lyft gears up to make ‘significant’ layoffs under new CEO – Business News
Photo: The Canadian Press
FILE – A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. (AP Photo/David Zalubowski, File)
Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with an eye toward driving down costs to help bring its fares more in line with its biggest rival, Uber.
Risher, a former Amazon executive, informed Lyft’s workforce of more than 4,000 employees in an email posted online Friday that a “significant” number of them would lose their jobs. It came…
Bank regulator action on climate change ‘overdue and now urgent’ – Business News
Climate action ‘over due’
The Canadian Press – Apr 21, 2023 / 6:13 am | Stories: 422543
Photo: The Canadian Press
Canada’s environment commissioner says action by the federal banking regulator on climate change is overdue and now urgent.
Commissioner Jerry DeMarco said in an audit released Thursday that it’s encouraging that the Office of the Superintendent of Financial Institutions (OFSI) both recognizes the risks of climate change to banks and the financial system, and is taking action on the challenge.
But he notes that since climate change has only recently become a priority of the regulator, the full implementation…
New Ontario Volkswagen EV battery plant to create 3,000 jobs – Business News
Photo: The Canadian Press
A massive new Volkswagen electric-vehicle battery plant in southwestern Ontario will create up to 3,000 direct jobs and 30,000 indirect jobs in the region.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and top brass from the German automaker are unveiling details of the new Volkswagen “gigafactory” that will be built in St. Thomas, Ont.
Volkswagen, the world’s largest automaker, will invest $7 billion in the electric-vehicle battery plant, which will be operated by its company, PowerCo.
“We’ve landed the largest auto investment in the province’s history,” said Ontario Economic Development Minister Vic Fedeli.
“It’s not…
