Tag: business news daily

Business News

Canada’s inflation value cools to 7%, nonetheless meals prices are nonetheless climbing

4 min read

Canada’s inflation value cooled to seven per cent in August, Statistics Canada acknowledged Tuesday.

Economists had been anticipating the pace to return again in at 7.3 per cent, after inflation rose to a 40-year extreme of 8.1 per cent earlier this summer time season.

As a substitute, the pace decelerated by far more than anticipated, largely because of gasoline acquired inexpensive in the midst of the month.

Gasoline prices fell by 9.6 per cent in August from the place they’d been the sooner month. That is the biggest one-month drop in gasoline prices since April 2020, when the pandemic was

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Business News

Fukushima nuclear plant water release raises worries for businesses

8 min read

IWAKI, Japan –

Beach season has started across Japan, which means seafood for holiday makers and good times for business owners. But in Fukushima, that may end soon.

Within weeks, the tsunami-hit Fukushima Daiichi nuclear power plant is expected to start releasing treated radioactive wastewater into the sea, a highly contested plan still facing fierce protests in and outside Japan.

Residents worry that the water discharge, 12 years after the nuclear disaster, could deal another set back to Fukushima’s image and hurt their businesses and livelihoods.

“Without a healthy ocean, I cannot make a living.” said Yukinaga Suzuki, a 70-year-old

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Business News

Local news is good for business | Commentary

4 min read

It’s no secret that recently years have been tough on small businesses and on newspapers. A bipartisan bill, the Community News & Small Business Support Act, that has been introduced in Congress would offer relief to both newspapers and local businesses.

For too many newspapers help can’t come soon enough.

Economic challenges have resulted in too many communities seeing their local newspapers being forced to lay off staff, cut back on publication days or — worse yet — close. On average, two newspapers are closing each week. That hurts local businesses and residents in the long (and short) run. However,

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Business News

Renewing a mortgage this year? Here’s what the latest rate hike means for you

7 min read

Like many homeowners, Ian Marsden has been following what the Bank of Canada has been up to lately quite closely. He bought a house in Calgary in 2018 on a five-year, fixed rate loan, at about three per cent.

He went with a 25-year term, and because he chose an accelerated biweekly payment plan, each one of his $750 payments had him well on his way toward paying it down well ahead of schedule.

By the time his loan was up for renewal this year, he was on track to pay it off in as little as 15 more years,

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Business News

Five things to watch for in the Canadian business world in the coming week – Business News

2 min read

this week in business

The Canadian Press – | Stories: 436107

Five things to watch for in the Canadian business world in the coming week:

MTY earnings

MTY Food Group Inc. will release its second-quarter results and hold a conference call with investors before financial markets open on Tuesday. MTY franchises and operates restaurants under more than 85 different banners in Canada, the United States and internationally.

Aritzia results

Aritzia Inc. will release its first-quarter results and hold a conference call with investors after

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Business News

What is an Irrevocable Trust?

3 min read

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. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future.

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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in

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Business News

The Dangers of the EHR

3 min read

Electronic Health Records can be an incredibly helpful tool. However, they are not without fault. A recent warning highlights that electronic health records (EHRs) are a top target of cybercriminals. They can also lead to inappropriate billing if they are not set up correctly.

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The Health Sector Cybersecurity Coordination Center (HC3) issued a warning to healthcare entities regarding EHR vulnerabilities and protections.

Protected health information (PHI) continues to hold its …

Business News

New investigation targets company executives

2 min read

Connecticut’s attorney general has announced an investigation into Hyundai and Kia concerning the companies’ failure to equip millions of their vehicles with modern anti-theft technology.

In a press release Tuesday, Attorney General William Tong accused the Korean automakers of ignoring repeated calls to install the hardware, known as an engine immobilizer. The technology can prevent vehicles from being hot-wired and stolen.

In recent viral social media posts, individuals can be seen quickly starting the car using a USB cable.

“We have called on Hyundai and Kia over and over again to make this right and address the glaring public safety

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