Article content Business insolvencies in January were 55.4 per cent higher than last year, according to new data by the Office of the Superintendent of Bankruptcy. Article content The federal insolvency regulator on March 1 released its January 2023 statistics on insolvency in Canada, reporting an annual increase of 33.7 per cent in combined business…
Category: Business News
Nordstrom closing down in Canada, shuttering all 13 stores
Nordstrom Inc. says it is winding down its Canadian operations and closing all 13 of its stores in the country. The company filed for protection from its creditors this week under the Companies’ Creditors Arrangement Act, a Canadian law that manages the orderly wind-down of businesses. CCAA is convinced to what’s known as “Chapter 11…
Bay Street Likely To Open Lower
Canadian shares are likely to open on a negative note on Monday, tracking lower crude oil prices and sluggish metal futures. China setting a modest growth target of around 5% for this year, down from last year’s target of 5.5%, is likely to weigh on sentiment. Cargojet Inc. (CJT.TO) reported fourth-quarter net income of $2.6…
Why Meta is slashing prices for its VR headsets
META’s VR headsets are getting a big, but inevitable, price cut because consumers aren’t buying as much as expected. The company today declared It drops the prices of its still-new Meta Quest Pro from $1,499.99 to $999.99, while its Meta Quest 2 drops from $499.99 to $429.99. That’s roughly a 33% drop when MetaQuest Pro…
Twitter for Business to Cost $1,000 Monthly for Verified Check-Mark
Elon Musk’s Twitter needs cash — and now the mega-billionaire wants companies and brands to fork over $1,000 monthly to get verified check-marks on his social network. Twitter is asking organizations to pay $1,000 per month, plus an additional $50 monthly for each affiliated sub-account, to maintain the gold check-mark verification badges the company introduced…
3 Things You Should Know About Irrevocable Trusts
A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). One…
Why Google is blocking some Canadians from seeing online news
Google is blocking some Canadian users from viewing news content in what the company says is a test run of a potential response to the Liberal government’s online news bill. Also known as Bill C-18, the Online News Act would require digital giants such as Google and Meta, which owns Facebook, to negotiate deals that…
Soaring rents in Toronto, Vancouver force residents on modest incomes into ‘deplorable’ conditions
With Vancouver and Toronto vacancy rates at 0.9 and 1.7 per cent respectively, and rental prices surging, seniors, students, new immigrants, single parents and people with disabilities — those on modest or fixed incomes — are being priced out of their communities. Ren Thomas, associate professor of planning at Dalhousie University in Halifax, warns it’s…