business current events

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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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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Dollarama 21 per cent sees an increase in sales year-over-year

MONTREAL – Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation. In the quarter ended April 30, the company said strong demand was held up across the board, from consumables to seasonal items and general merchandise,

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US probes complaint that woman was trapped in flaming SUV – Business News

Photo: The Canadian Press US safety regulators are investigating possible electrical problems in older Dodge Journeys after a woman was trapped and died when her SUV caught fire in December. The National Highway Traffic Safety Administration says it’s investigating whether inoperative door locks and windows can prevent people from getting out of the SUVs during

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Judge: Dominion defamation case against Fox will go to trial – Business News

Fox lawsuit will go to trial The Canadian Press – March 31, 2023 / 1:50 p.m | Stories: 418963 Photo: The Canadian Press FILE – A headline about President Donald Trump is displayed outside Fox News studios in New York on Nov. 28, 2018. Documents in defamation lawsuit illustrate the pressures faced by Fox News

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Several oil producers join Saudi Arabia in cutting production – Business News

More join Saudi oil cut The Canadian Press – Apr 2, 2023 / 1:12 p.m | Stories: 419210 Photo: The Canadian Press UPDATE 1:13pm Several major oil producing countries have joined Saudi Arabia in announcing surprise production cuts that could send world oil prices higher. Saudi Arabia said Sunday it was cutting production by 500,000

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Police: Crypto firm founder Do Kwon arrested in Montenegro – Business News

Crypto founders arrested The Associated Press – March 23, 2023 / 9:05 am | Stories: 417550 Photo: Terraform Labs Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European

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Second Nature Brands hires Chris Caswell as CFO

DETROIT — Second Nature Brands, a better-for-you brand acquired by CapVest Partners LLP last April, has named Chris Caswell as its new chief financial officer. Before joining Second Nature Brands, Mr. Caswell was CFO at Welch Foods Inc. for four years. Previously, Mr. Caswell held positions at retail company Clarks Americas, academic intervention company Resiliency

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Consumer interest in foods’ mental health benefits growing

CHICAGO — Consumers have become increasingly focused on the role food plays in their mental and physical health, according to new research from The NPD Group. The market research firm said consumers initially grew to care more about their overall health and wellness as a result of the pandemic, with food’s effect on health garnering

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