BC port strike hurting hundreds of small businesses: CFIB
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Critical shipments getting caught up in the dispute, small businesses say
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Published July 11, 2023 • 3 minute read
An empty pallet at the Port of Vancouver. More than half of small businesses surveyed by CFIB say the strike at British Columbia’s ports is impacting their operations. Photo by Jason Payne/PNG
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As the strike at the ports of British Columbia stretches into its 11th day, more than half of 1,400 Canadian small business owners surveyed by the Canadian…
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 framework of the proposed merger would have seen Postmedia transfer its dozens of newspaper titles over to Metroland, with voting control of the new entity split 50-50 between the two sides.
But on Monday, the two sides announced that those talks had broken down, that…
Microsoft to lay off more employees months after letting 10,000 workers go
Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.
The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year. GeekWire reported on the latest cuts earlier Monday.
Amazon, Google and other large technology companies have also scaled back this year after adding headcount rapidly to meet rising demand during the Covid pandemic. Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing…
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…
