Can SMBs Help Workers In Debt?
One unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt.
Six in ten employees admit to being concerned about the amount of household debt they have, as well as the lack of opportunities in the workplace to rectify them.
Small and midsize businesses can play a vital role in solving workers’ debt problems, especially when SMBs open doors to many…
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…
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…
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…
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…
Apple became the first company to have a market cap topping $3 trillion
Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count.
Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed to close at that level. It has another shot to do that on Friday.
It shows investors remain bullish on the stock and Apple’s portfolio of products and services, despite the company’s warning in May that its current quarter revenue is expected to fall about…
United CEO apologizes for flying private
New York –
United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights.
The airline confirmed Kirby flew from Teterboro Airport in New Jersey to Denver, Colorado, on Wednesday, and that the company did not pay for his flight. Teterboro is about 17 miles from Newark, New Jersey, where one of United’s largest hubs is located and which was the center of the airline’s meltdown this week.
In a statement, Kirby said he regretted that his actions distracted the professionalism of United…
The Family Business Succession Puzzle
Two weeks ago today we bade farewell to everyone’s favorite oedipal billionaires as the final episode of “Succession” wrapped up. The show’s immense cultural impact is due to many factors: top-class writing, heart-rending performances, and the sheer power Brian Cox could load into the letter ‘F’ all they played their part.
At its heart, the series highlights the often messy interlacing of family dynamics and 21st-century capitalism — and while we believe few viewers could truly relate to the Roys, that dynamic is deeply entrenched in real-world economics. Around 60% of the US workforce is employed by family-run businesses, and…
