U.S. consumer spending rose less than expected in May as motor vehicles remained scarce, while higher prices forced cutbacks on purchases of other goods, another sign that the rebound in economic growth early in the second quarter was losing steam.
The Canadian economy expanded by 0.3 per cent in April, Statistics Canada said Thursday, but warned of indications for a contraction in May.
A growing effort to unionize Starbucks cafes in the U.S. and Canada as well as Amazon warehouses, Apple stores, and Indigo book shops has union leaders and experts wondering if this the start of a shift in labour movement after decades of decline in the private sector.
Air Canada will cut dozens of daily flights this summer as the airline grapples with a series of challenges amid soaring demand for travel.
Canada could face a summer of strikes and other labour disruptions as workers demand cost-of-living increases and better conditions than those seen throughout the past two years of the pandemic, say union officials and other observers.
A commissioner with the U.S. communications regulator is asking Apple and Google to consider banning TikTok from their app stores over data security concerns related to the Chinese-owned company.
Airbnb is making permanent its ban on parties at homes listed on the site for short-term rentals.
Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission charges that its auditors cheated on certified public accounting exams and that it misled the agency's investigators.
The United States is facing an "uncomfortably high" risk of falling into a recession, says Mark Carney, former governor of the Bank of Canada, but Alberta could be insulated from the worst impacts if that happens.
The Office of the Superintendent of Financial Institutions is implementing new guidelines for certain types of real estate loans, including shared equity mortgages, reverse mortgages and conventional mortgages that are paired with home equity lines of credit.
Some major corporations are putting their Hockey Canada sponsorships on ice. Scotiabank said Tuesday the pause will last until it's confident the right steps are taken to improve the culture within the sport. Tim Hortons said Wednesday it is "suspending support" while awaiting details.
As airlines and the federal government race to address long lines and delays at airports, some travellers are pointing out another major problem — missing luggage.
Like a nuclear chain reaction, economic theory warns us that rising wages can reinforce rising prices, pushing wages even higher, all in an endless cycle. Is it just around the corner? Or are things different this time?
