Tag: business news article

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 a real loss for our biggest cities.

“You need that diversity – and that’s what makes our big cities great is we have there, you know, different people in different jobs,” said Thomas.

Canada’s national housing agency, the Canada Mortgage and Housing Corporation (CMHC), says

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No more clumpy lip gloss: How TikTok’s ‘deinfluencing’ trend became a marketing tactic

Just a few weeks ago, Lauren Rutherglen’s 10,000 TikTok followers would have expected advice on what beauty products to buy.

But as she rummaged through the creamy Glossier eyeshadows, Ilia serums and Charlotte Tilbury liquid bronzers in her drawer, the Calgary-based content creator was reminded of the expensive but disappointing products that the Internet had convinced her she needed.

So she made a “deinfluencing” video — a TikTok-coined term that describes the rejection of viral, cult-favorite beauty or lifestyle products (typically associated with cultural influencers) in favor of more affordable choices.

“I just wanted to share my opinion on things

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Tesla recalling nearly 363,000 vehicles over ‘full self-driving’ software that could lead to crashes

Tesla is recalling 362,758 vehicles because a version of its “full self-driving” software may increase the risk of crashes, according to the National Highway Traffic Safety Administration in response to a notice Tesla sent the agency on Wednesday.

According to the recall document, the FSD’s “beta” release may cause affected Tesla vehicles to act unsafely around intersections. For example, it said, the software may cause the vehicle to travel “straight through an intersection while in a turn-only lane, [enter] a stop sign-controlled intersection without coming to a complete stop, or [proceed] into an intersection during a steady yellow traffic signal

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Are You Prepared for Russian Ransomware?

Recently, a health network in Pennsylvania was hacked by a Russian ransomware gang called BlackCat.

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BlackCat attacked a physician practice in Pennsylvania, but did not disrupt healthcare operations.

A ransomware payment was demanded, but refused by the healthcare system.

Sensitive information was accessed and the health system revealed the attack itself.

Is your practice prepared for a potential attack?

Does your staff know how to respond to a demand for

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Russia blocks access to The Bell news website

MOSCOW (Reuters) – Russia on Sunday blocked access to The Bell, a news outlet founded by one of Russia’s top journalists, the latest website to be taken offline as Moscow cracks down on independent media.

Russia has blocked dozens of news sites since it invaded Ukraine last year, often accusing them of publishing “fake” news about what it calls its “special military operation” in Ukraine.

The Bell mainly covers business news and was one of the few remaining independent media websites accessible after the authorities blocked Mediazona, Meduza and Novaya Gazeta.

It said last year it was going to stop

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The IRS tells 21 states how to handle last year’s special payments

After much outside criticism, the Internal Revenue Service basically told taxpayers in most — but not all — states that they do not need to report income from special state tax refunds or payments on their 2022 federal income tax returns.

Tens of millions of taxpayers in 21 states — not including Michigan — were told a week earlier to hold off filing their federal income tax returns until the IRS could give guidance. The IRS gave such guidance late Friday — and taxpayers should be able to move forward.

The National Taxpayer Advocate issued a highly critical blog Thursday

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Immigration increase alone won’t fix the labor market, experts say – Business News

Experts say Canada’s plan to increase immigration may ease some pressures in the labor market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling.

With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of the need, said Ravi Jain, principal at Jain Immigration Law and co-founder of the Canadian Immigration Lawyers Association.

The federal government’s new immigration plan calls for the admission of 1.45 million more new permanent residents over the next three years, beginning

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Elon Musk’s tweeting style seizes spotlight in Tesla trial – Business News

Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter took center stage Wednesday in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined

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