Business
Tech job postings down 32% since May, nearing pre-pandemic levels: Indeed
By Tara Deschamps, The Canadian Press on December 13th, 2022
TORONTO – Job search company Indeed says postings on its site for Canadian tech roles have dropped 32 per cent since May and are showing no signs of stabilizing as the sector grapples with layoffs. With job postings across all sectors slipping nine per cent over the summer and increasing slightly since September, the tech ... Read More »
Be the first to comment!US consumer inflation eased to 7.1% over past 12 months
By Christopher Rugaber, The Associated Press on December 13th, 2022
WASHINGTON (AP) – Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down from 7.7% in October and a ... Read More »
Be the first to comment!Bank of Montreal to raise $3.15 billion in offering of shares
By The Canadian Press on December 13th, 2022
TORONTO – Bank of Montreal says it will raise about $3.15 billion in a public offering and a concurrent private placement of shares after the federal banking regulator announced plans to increase the amount of capital major banks need to have on hand. The Office of the Superintendent for Financial Institutions said last week that ... Read More »
Be the first to comment!EU again seeks elusive gas price cap to contain energy costs
By Raf Casert, The Associated Press on December 13th, 2022
BRUSSELS (AP) – With frost biting outside European Union headquarters, energy ministers again sought to overcome deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days – if not this year, then later. EU energy ministers have ... Read More »
Be the first to comment!SEC charges former FTX CEO with defrauding crypto investors
By Ken Sweet, The Associated Press on December 13th, 2022
NEW YORK (AP) – The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors. An SEC complaint filed Tuesday alleges that Sam Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform ... Read More »
Be the first to comment!Privacy-first, ads-free search engine Neeva launches in Canada
By Tara Deschamps, The Canadian Press on December 13th, 2022
TORONTO – Around 16 years into Sridhar Ramaswamy’s career at Google, he realized he was having difficulty reconciling the actions of advertisers with the needs of consumers, and their differences were often creating a negative online experience. It was a turning point for the senior vice-president of ads and commerce, who later left to co-found ... Read More »
Be the first to comment!Competition Tribunal to hear closing arguments in Rogers-Shaw case
By The Canadian Press on December 13th, 2022
OTTAWA – The Competition Tribunal is expected to hear closing arguments today in a case meant to decide whether the $26-billion merger of Rogers Communications Inc. and Shaw Communications Inc. will be blocked. The oral arguments are expected to be the hearing’s final step before Federal Court Chief Justice Paul Crampton mulls the testimony he ... Read More »
Be the first to comment!Home prices to drop one per cent by Q4 2023: Royal LePage outlook
By The Canadian Press on December 13th, 2022
TORONTO – Royal LePage is forecasting the aggregate price of a home in Canada will drop by one per cent to $765,171 by the fourth quarter of 2023. The real estate company says it expects prices to flatten in the second quarter and then modestly increase in the second half of the year, ending 2023 ... Read More »
Be the first to comment!‘Incredible challenges’: Shopify president talks pandemic, stock plunge and layoffs
By Tara Deschamps, The Canadian Press on December 13th, 2022
When Kim Kardashian unveiled her beauty line SKKN with a Los Angeles mall pop-up in November, the world took note of her minimalist store, where concrete tissue boxes sold for US$89 and spheres of eye cream went for US$105. But 4,500 kilometres away in Ottawa, the buzz around the shop had nothing to do with ... Read More »
Be the first to comment!Bank of Canada governor says rate hikes are working but it needs to stay the course
By Ian Bickis, The Canadian Press on December 12th, 2022
The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn’t taking any chances in its efforts to get the inflation rate back to two per cent, said governor Tiff Macklem on Monday. “Yes, we are going through a difficult adjustment. The economy is slowing. We expect it’s ... Read More »
1 responseS&P/TSX composite slightly up, U.S. markets rise Monday
By The Canadian Press on December 12th, 2022
TORONTO – Canada’s main stock index was slightly up Monday, with gains in energy, industrials, technology and utilities, while U.S. markets posted stronger gains. The S&P/TSX composite index was up 72.63 points at 20,019.70. In New York, the Dow Jones industrial average was up 528.58 points at 34,005.04. The S&P 500 index was up 56.18 ... Read More »
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