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…
How the Shein influencer trip marked a turning point in the brand-sponsored vacation trend
Several influencers were lambasted this week for social media posts enthusiastically highlighting a trip sponsored by the Chinese fast fashion clothing retailer Shein, which has previously been accused of labor exploitation and environmentally damaging practices.
A since-deleted video posted by Dani Carbonari, who in her Instagram bio refers to herself as a content creator, plus-sized model and confidence activist, shows her arriving at a facility she calls the “Shein Innovation Centre” in Ghangzhou, China, last week.
“Shein is just such a developed and complex company, and it was so beautiful to see first hand,” Carbonari said in the video. Referring…
Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy
The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the US and Canada.
Illinois-based Instant Brands said Monday that it has “initiated a voluntary court-supervised Chapter 11 process,” due to an unmanageable debt load.
“Tightening of credit terms and higher interest rates impacted our liquidity levels and made our capital structure unsustainable,” CEO Ben Gadbois said in a news release.
In court filings, the company says it generated operating cash flows of just $17.9 million US in the first three months of the year. That relatively large figure is a sharp…
Here’s why the PGA Tour just merged with LIV Golf
The PGA Tour announced Tuesday it would merge with LIV Golf, a Saudi-backed men’s golf organization that formed last year to compete with the PGA.
News of the merger sent shock waves through the sports world and even reached the highest echelons of the US government, after a reporter sought comment from the Biden administration about the Saudi government’s taking such a large stake in men’s golf. Biden spokeswoman Karine Jean-Pierre declined to comment.
Here’s what it all means.
What is LIV Golf?
LIV was created in 2022 by Saudi Arabia’s Public Investment Fund (PIF) alongside two of the world’s…
Adidas is selling Yeezy shoes again after cutting ties with Kanye West
Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West.
Adidas ended its years long partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of $1.3 billion worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and donating some of the proceeds to social justice organizations .
The first…
Tupperware shares tank as company warns it may go out of business
Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business.
The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .”
Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via…
The oil and gas sector is routinely targeted by cyberattackers, experts say – Business News
Oil & gas cyberattacks
The Canadian Press – Apr 10, 2023 / 4:00 pm | Story: 420603
Photo: The Canadian Press
Pipes are seen at a natural gas plant outside of Fort St. John, BC, October 11, 2018. Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked US intelligence documents that suggests Russian hackers successfully gained access to Canada’s natural gas distribution network. THE CANADIAN PRESS Jonathan Hayward
Cybersecurity experts say they aren’t surprised by the revelations contained within a package of leaked US intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s…
Italy temporarily blocks ChatGPT over privacy concerns – Business News
Frances D’emilio And Matt O’brien, The Associated Press – March 31, 2023 / 11:41 am | Stories: 418937
Photo: The Canadian Press
FILE – The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, on March 21, 2023, in Boston. The Italian government’s privacy watchdog said Friday March 31, 2023 that it is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach. (AP Photo/Michael Dwyer, File)
Italy is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach as it investigates a…
