Watchdog probing claims that Nike Canada, a gold company benefiting from forced Uyghur labour
Canada’s watchdog for corporate wrongdoing says she has enough to launch an investigation of allegations that Nike Canada and a gold mining company are benefiting from the forced labor of Uyghurs in China.
It’s the first time the office of the Canadian Ombudsperson for Responsible Enterprise (CORE) has launched an investigation since the federal government appointed Sheri Meyerhoffer to the role in April 2019.
“These are very serious issues that have been brought to our attention,” Meyerhoffer said Tuesday.
“Canadian companies are expected to respect Canadian standards for human rights and environmental protection when they work outside of Canada.”
A…
Canadians facing financial pressures ahead of the Bank of Canada decision
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More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner
Published July 11, 2023 • Last updated 3 hours ago • 3 minute read
A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files
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Having exhausted their savings, Canadians are now struggling on a series of financial fronts, according to the latest reading from an ongoing poll that is being released on the eve of the Bank of Canada’s interest rate decision.
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Efficient Thermal Analysis of Lab-Grown Diamond Heat Spreaders: Enhancing Heat Dissipation with Lab-Made Diamonds
In various industries, the need for efficient thermal management is paramount, particularly in electronic devices and high-power applications where heat dissipation is crucial. Lab-grown diamonds, also known as lab made diamonds, have emerged as a remarkable solution for heat spreaders due to their exceptional thermal conductivity. In this article, we delve into the efficient thermal analysis of lab-grown diamond heat spreaders and their role in enhancing heat dissipation.
Lab-grown diamonds are synthesized in controlled laboratory environments using advanced technologies. These diamonds possess the same crystal structure as natural diamonds, comprising carbon atoms arranged in a highly organized lattice structure. However,…
CRA asks Shopify for Canadian business records: CEO
Shopify CEO Tobias Lutke is ready to put up a “fight” over what he describes as an “overreach” by the Canada Revenue Agency (CRA).
In a tweet, Lutke said the Ottawa-based e-commerce company was asked to hand over tax records of more than 121,000 Canadian stores from the last six years.
“I don’t particularly want a fight with the CRA (Canada’s tax authority)- but we got asked to backchannel them 6 years of records for all Canadian Shopify stores,” Lutke tweeted on Friday.
“This feels like low-key overreach to me. We will fight this.”
CTVNews.ca has reached out to Shopify…
Canadian economy steady in April as real GDP remains unchanged – Business News
Economy holds steady
The Canadian Press – Jun 30, 2023 / 6:27 am | Stories: 434570
Photo: The Canadian Press
Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.
The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by the manufacturing and wholesale trade sectors.
The April figure came in lower than expected by Statistics Canada as services-producing industries were unchanged while goods-producing industries edged up 0.1 per cent.
The Canadian economy is largely expected to stall in the latter half of this year…
Businesses expect slowing prices, wage increases: BoC survey – Business News
Photo: The Canadian Press
Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.
In its business outlook survey released Friday, the central bank said for the first time since the beginning of the pandemic businesses on balance expected slower wage growth over the next year.
Firms on balance also expected their input and output prices to grow at a slower rate over the next 12 months.
“Although firms still see cost pressures and labor…
Fake online reviews: US proposes bans
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 be independent, and other deceptive practices like “review hijacking,” which makes reviews for one product appear like they were written for significantly different ones.
If the proposed rule is approved, following a 60-day public comment period, violators could face hefty penalties.
“Our proposed rule on…
Riots in France have already cost businesses more than $1 billion
Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting.
The riots, which were sparked by the fatal shooting of a teenager by a police officer last Tuesday, have already caused more than €1 billion ($1.1 billion) worth of damage, according to a French business association, MEDEF.
Protesters have attacked nearly 400 bank branches and 500 corner shops, French Finance Minister Bruno Le Maire told CNN affiliate BFMTV Wednesday. Speaking to CNN’s Isa Soares Tuesday, Le Maire put the total…
