WestJet shutting down discount airline Swoop
WestJet is shutting down its budget airline, Swoop.
The company made the announcement in a news release Friday, noting that the ratification of its recent deal with its pilots allows it to integrate all of its staff at various airlines into a single banner.
“As negotiated in the collective agreement, the WestJet Group will now begin integration efforts of its ultra-low-cost airline, Swoop,” the airline said.
“Through an expedited process, the airline anticipates a full integration into its mainline operations by the end of October. To avoid traveler impact, Swoop will operate its existing network through to the end of…
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 to see elevated grocery prices (9.1 per cent) and mortgage interest costs (30.1 per cent) in June, with those indexes contributing the most to the headline CPI increase,” the CPI reads. “The all-items excluding food index rose 1.7 per cent.”
Gasoline led to a decrease…
Canada’s cellphone plans are still too expensive: experts
CTV News is a division of Bell Media, which is part of BCE Inc.
TORONTO — A price drop for Canadian phone and internet services last month has some observers optimistic about the downward trend, but industry watchers say there is still a long way to go when it comes to telecom affordability.
Consumers paid 14.7 per cent less for cellular services in June compared with the same month last year, following an 8.2 per cent decline in May, according to Statistics Canada’s latest inflation report released Tuesday.
Overall, the cost of telephone services dropped 11.1 per cent in…
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 password sharing and the introduction of a cheaper subscription tier that is bundled with advertising.
However, quarterly revenue growth and forecast lagged estimates, prompting co-chief executive officer Greg Peters to caution that it would take “several quarters” to see returns from those efforts.
Netflix shares,…
Gay Water launches to support LGBTQ2S+ people
In a sea of canned cocktails, Gay Water wants to stand out.
Launching Thursday is a brightly colored canned vodka and soda beverage that proudly displays who it’s for, instead of backing off from support for the LGBTQ2S+ community as other companies have done in recent months. In other words, where Bud Light has buckled under pressure as bigotry grows against the LGBTQ2S+ community, Gay Water’s creator Spencer Hoddeson wants his new boozy brand to be the antithesis of that.
“The key issue that Bud Light tapped into was the fact that they didn’t understand their core audience and know…
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 taxpayers shouldn’t subsidize businesses that are still struggling to pay back the loans more than three years since the pandemic hit.
The Canada Emergency Business Account program provided about 900,000 small businesses and not-for-profits up to $60,000 in interest-free loans during the pandemic.
The deadline…
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 process and target flight disruption loopholes that have allowed airlines to avoid traveler compensation.
The amendments to the Air Passenger Protection Regulations spell out the circumstances when an airline would not have to compensate customers, narrowing the field so that most technical problems will no…
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 as the first serious threat to the Elon Musk-owned social media app.
“That’s mostly organic demand, and we haven’t even turned on many promotions yet,” Zuckerberg said in a Threads post announcing the milestone.
The app’s sprint to 100 million users was much faster than…
