business news report

2 Bank of Canada surveys show consumers and businesses expect high inflation to stick around

Two surveys from the Bank of Canada Friday show that while consumers and businesses are still expecting things like inflation and wages to be higher than usual for the foreseeable future, they are starting to come back to some sort of pre-pandemic normal — and they’ re less worried about a recession, too. In its […]

Irving Oil considers the sale of the company as part of a strategic review

Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick. “A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company […]

Credit unions trending towards greater unity as tech pressures mount – Business News

Photo: The Canadian Press Money is removed from a bank machine in Montreal on May 30, 2016. THE CANADIAN PRESS/Ryan Remiorz From the Tobacco Workers’ Credit Union in Guelph to the New Community Credit Union in Saskatoon, the names tell part of Canada’s history even as they’re now history themselves. The two credit unions are […]

Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week

The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after […]

Canadian public pension fund investments in China draw heightened scrutiny – Business News

Photo: The Canadian Press Uyghur Rights Advocacy Project executive director Mehmet Tohti. Investments in China by Canada’s largest public pension funds are facing increased scrutiny amid worsening relations between the two countries and allegations that some of those investments are funding the oppression of China’s Uyghur minority. Recently, representatives of the Ontario Teachers’ Pension Plan […]

US inflation rate cools to 4.9% but consumer prices are still stubbornly high

Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come. Prices rose 0.4 per cent from March to April, the government said Wednesday, up from 0.1 per cent from February to March. Compared with a year earlier, prices […]

Streaming bills may create a two-tier system, hurting Cdn. creators – Business News

Double standard streaming? The Canadian Press – Apr 28, 2023 / 8:53 am | Stories: 423868 Photo: The Canadian Press At least one Canadian media production association says the country’s new streaming legislation could create a two-tier system where foreign streamers are held to lower standards than Canadian broadcasters. The Canadian Media Producers Association says […]

Digital conglomerate buys right-wing app Parler – Business News

Starboard buys Parler app The Associated Press – Apr 14, 2023 / 9:56 am | Stories: 421344 Photo: The Canadian Press The digital media conglomerate Starboard said Friday it purchased the conservative social media site Parler and will temporarily take down the app as it undergoes a “strategic assessment.” The deal came months after another […]

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