Canada

23 Feb Vice Media to halt publishing to namesake site, cut ‘several hundred’ jobs in restructuring

Posted at 00:52h in Canada

BusinessThe head of Vice Media Group has informed employees that the company will stop publishing content on Vice.com and will be cutting several hundred positions.Company that filed for bankruptcy protection last year was later sold to a group of its former lendersGeoff Nixon · CBC News...

22 Feb Google pausing AI portrait tool after complaints of historical inaccuracies

Posted at 20:42h in Canada

Google is pausing an AI tool that creates images of people following inaccuracies in some historical depictions the model generated, the latest hiccup in the Alphabet-owned company's efforts to catch up with rivals OpenAI and Microsoft.Google started offering image generation through its Gemini AI models...

21 Feb Shein, Temu and other e-commerce retailers are upending global air cargo industry

Posted at 18:19h in Canada

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say.Shein, PDD Group's Temu and ByteDance's TikTok Shop, which...

21 Feb Dollarama reaches $2.5M settlement in class-action suit over pricing

Posted at 17:08h in Canada

Dollarama customers who purchased a products subject to an eco fee — such as batteries, electronics, light bulbs or toys with batteries — may be eligible to claim a gift card.The Montreal law firm of LPC Avocats Inc., announced Tuesday that the proposed national settlement has been reached in...

20 Feb Renting? You probably report lower quality of life than homeowners

Posted at 14:35h in Canada

Renters are more likely to report a lower quality of life than homeowners, especially in Vancouver and Toronto, according to survey results over the last few years from Statistics Canada.In 2021 and 2022, renters were over 15 percentage points more likely to report difficulty meeting financial needs and...

20 Feb Canada’s inflation rate slowed to 2.9% in January

Posted at 13:38h in Canada

Business·BreakingCanada's annual inflation rate slowed to 2.9 per cent in January, according to data from Statistics Canada.Falling gas prices helped drive rate downJenna Benchetrit · CBC News · Posted: Feb 20, 2024 8:38 AM EST | Last Updated: 13 minutes agoA person pumps gas...

20 Feb $350B in pandemic savings was supposed to give the economy a huge boost. It still hasn’t happened

Posted at 09:00h in Canada

After the pandemic hit in 2020, some business owners and households were hard hit financially as a result of lockdown measures. But at the same time, many Canadians saw their bank accounts grow because of their reduced spending.Those savings ballooned to over $300 billion and...

20 Feb Why Alberta is giving the tourism industry its own immigration stream

Posted at 09:00h in Canada

As Alberta hopes to more than double the size of its tourism economy in the next decade, the provincial government is taking a new step to fill labour gaps by giving the industry its own dedicated immigration stream. The industry hopes the program will help fix its...

19 Feb CRA pausing new ‘bare trust’ reporting requirement just days before filing deadline

Posted at 21:10h in Canada

The Canada Revenue Agency (CRA) is hitting pause on a new "bare trust" reporting requirement with just a few days remaining before the deadline.New reporting requirements for such trust arrangements were introduced for the 2024 tax season. Anyone with a bare trust was required to...

19 Feb The 2024 tax season kicks off Monday. Here’s what you need to know