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Remember Cambridge Analytica? What to know about the $8B US lawsuit against Meta's board
The $8 billion lawsuit against Meta’s executives highlights potential financial liabilities related to alleged violations of user data agreements that may significantly impact the...
Read Full Article →Carney promises to curb non-U.S. steel imports as domestic industry sends out distress signals
The government’s commitment to limiting inexpensive steel from abroad aims to protect the local manufacturing sector, which is facing financial challenges due to recent internation...
Read Full Article →Inflation rate rose slightly to 1.9% in June as vehicle and clothing prices climb
The modest increase in the inflation rate to 1.9% in June reflects higher costs in sectors such as transportation and apparel, impacting overall consumer expenses and economic indi...
Read Full Article →Sports fans 'flabbergasted' after Sportsnet announces double-digit price hike
The upcoming substantial increase in subscription fees for the streaming platform has raised concerns among Canadian viewers about the potential impact on their entertainment budge...
Read Full Article →Trump threatening 35% tariffs on Canadian goods across the board
Imposing a substantial tariff rate on imports from Canada could increase costs for U.S. businesses and consumers, potentially disrupting cross-border trade and impacting economic r...
Read Full Article →Canadian travel to the U.S. plummets — but Americans are staying home, too
The decline in cross-border travel between Canada and the U.S. is impacting tourism revenues and related industries on both sides, reflecting broader economic tensions affecting bi...
Read Full Article →Should Tim Hortons repay all Canadians promised a boat? This Ottawa man thinks so
A class-action lawsuit approved in June challenges Tim Hortons to compensate affected customers across Canada who were mistakenly informed they had won valuable prizes, highlightin...
Read Full Article →The U.S. boycott remains strong. Why many Canadians are digging in their heels
The continued commitment of many Canadians to avoid U.S. goods highlights the economic impact of ongoing trade tensions, potentially influencing market dynamics and consumer behavi...
Read Full Article →Trump hits Brazil with 50% tariff over 'witch hunt' trial of ex-leader Bolsonaro
The new 50% import duties imposed by the U.S. on Brazilian goods could significantly affect trade flows and economic relations between the two countries, potentially increasing cos...
Read Full Article →Linda Yaccarino steps down as CEO of Elon Musk's X
Linda Yaccarino’s resignation as CEO of the social media platform presents potential financial challenges amidst Elon Musk’s broader business difficulties, including declining reve...
Read Full Article →Trump issues tariff letters to 7 more trading partners as talks with EU continue
The issuance of tariff notifications to additional countries represents a strategic move that could influence international trade dynamics and affect economic relationships between...
Read Full Article →Trump says he will impose 50% tariff on copper imports
Increasing tariffs on copper imports to 50 percent could significantly affect trade costs and market prices, potentially influencing domestic industries reliant on this essential r...
Read Full Article →Rents easing across most major markets but many tenants not feeling relief: CMHC
Although advertised rents in several key cities are declining slightly because of greater availability and reduced demand, many tenants continue to experience financial strain and...
Read Full Article →Competition Bureau advances its investigation into Amazon's pricing policy
The investigation into Amazon’s pricing practices may impact the company’s revenue strategies by scrutinizing compliance with fair market rules, potentially influencing future fina...
Read Full Article →RBC tells customer she's responsible for $14K stolen from account in bank investigator scam
A customer lost over $14,000 after scammers impersonated bank officials, highlighting ongoing challenges with banks’ reimbursement policies and the broader issue of financial liabi...
Read Full Article →Trump announces tariff rates for numerous countries — but not Canada
The newly introduced tariffs on several nations could impact international trade dynamics and economic relationships, while Canada remains unaffected by these recent policy develop...
Read Full Article →Amid tariffs and falling sales, is Canada's EV mandate doomed?
The ongoing U.S. tariffs on key materials and declining vehicle demand have prompted Canadian automakers' leaders to seek relief, raising concerns about the sustainability of natio...
Read Full Article →Sask.'s mortgage delinquency rate is highest among provinces, but it's getting worse in Ont. and B.C...
The increasing number of overdue mortgage payments in several provinces highlights growing financial challenges for homeowners, potentially impacting the broader housing market and...
Read Full Article →Calgary Stampede: What the Greatest Outdoor Show on Earth says about the economy
The Calgary Stampede generates substantial economic activity in Alberta by attracting visitors, boosting local businesses, and reflecting broader recovery trends following recent t...
Read Full Article →More and more influencers are offering financial advice on TikTok and YouTube. Should you take it?
The growing presence of social media personalities sharing budgeting and investment tips highlights the increasing influence of non-traditional sources on people's financial decisi...
Read Full Article →Government talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
The federal government is engaging with Rio Tinto to address financial challenges resulting from U.S. import duties on steel and aluminum, aiming to support the company’s operation...
Read Full Article →GTA home sales down year-over-year in June, listings up: real estate board
The decrease in property transactions alongside an increase in available homes may affect market dynamics and pricing trends in the Greater Toronto Area's real estate sector.
Read Full Article →$8.2B US merger of Viterra and Bunge now complete
The combination of Viterra and Bunge in the United States, valued at $8.2 billion, marks a major consolidation in the agricultural sector with potential impacts on market dynamics.
Read Full Article →Canada's trade deficit narrowed to $5.9B in May, as trade with U.S. continues to decrease
In May, Canada’s overall trade gap decreased to $5.9 billion due to rising exports to countries outside the U.S., despite a continued decline in shipments to its southern neighbor.
Read Full Article →Tesla sales slump as electric carmaker faces 2nd year of falling sales
Tesla experienced a notable decline in revenue during the second quarter, impacted by a combination of public demonstrations at its retail locations and recent changes in its leade...
Read Full Article →Rogers closes deal with BCE to become majority owner of Maple Leafs Sports & Entertainment
Rogers Communications Inc.'s acquisition of BCE Inc.'s 37.5 percent share in Maple Leaf Sports & Entertainment strengthens its control, potentially increasing its influence over re...
Read Full Article →Non-profit run by 23andMe co-founder gets court approval to buy the genetic testing company
The acquisition allows the nonprofit led by 23andMe's co-founder to gain control of most company assets, impacting the genetic testing market as legal challenges over data privacy...
Read Full Article →Is Canada now free of internal trade barriers? Not yet, says expert
Despite government efforts to reduce obstacles between provinces, experts indicate that significant restrictions on internal commerce in Canada continue to impact economic efficien...
Read Full Article →Judge authorizes Tim Hortons Roll Up to Win class action — but only for Quebec customers
The court’s decision to permit the class action exclusively for Quebec consumers highlights potential financial liabilities for Tim Hortons related to the disputed promotional emai...
Read Full Article →Canada's stubby beer bottle finds new meaning in an age of American bluster
The renewed popularity of this uniquely shaped Canadian beer container reflects its role as a symbolic economic gesture amid escalating commercial disagreements with the United Sta...
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