Photo: The Canadian Press China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering post COVID-19 recovery. The world’s second largest economy grew at a 6.3% annual…
Tag: business news magazine
‘That happened on Donald Trump’s watch’
Chris ChristieAP/Matt Rourke Former New Jersey governor and current GOP presidential candidate appeared on “Fox News Tonight” on Tuesday. On it, he blamed former President Donald Trump for North Korea’s weaponry advancements. “That happened on Donald Trump’s watch,” he said. GOP presidential candidate Chris Christie blamed former President Donald Trump for North Korean weapon advancements…
Right-wing users join Mark Zuckerberg’s ‘friendly’ Threads within 24 hours of launch
Mark Zuckerberg.Erin Scott/Reuters Right-wing users are testing the boundaries of Mark Zuckerberg’s Threads. Several right-wing users have signed up to the platform, with some posting antagonistic content. Zuckerberg has tried to position Threads as a friendly alternative to Elon Musk’s Twitter. Right-wing users are testing the boundaries of Mark Zuckerberg’s “friendly” Twitter alternative, Threads. According…
Apple became the first company to have a market cap topping $3 trillion
Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed…
Canadians seeking financial advice from banks left unsatisfied
Breadcrumb Trail Links News Executive Summary Executives Roughly two-thirds of retail bank customers ‘financially unhealthy,’ the study finds Published June 30, 2023 • 4 minute read Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg files Article content As high inflation, rising interest rates and…
Businesses Would Get Lots of Tax Savings Under House GOP Plan Kiplinger Tax Letter
The House GOP tax plan indicates what’s to come if Republicans control Congress and the White House after 2024. Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight…
Taxes in Canada: Should you pay with a credit card
Are you debating whether you should pay your taxes off with a credit card? This year, more than 6.5 million Canadians owe taxes, with an average balance of $6,990, according to the CRA’s 2023 personal income tax return statistics. Paying your taxes off with a credit card could work to your benefit. However, there are…
What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping
Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop. The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level. Just about every…