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,…
Tag: business news today
Local news is good for business | Commentary
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…
Nearly 2,400 stores are closing across the US in 2023. Here’s the full list.
Bed Bath & Beyond closed 896 stores in 2023.Ben Tobin More than a dozen major retailers have said they will close US stores in 2023, a combined total of 2,373 locations. Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores. Bed Bath & Beyond closed 896 locations amid…
Petro-Canada payment problems continue, but the company says it’s ‘making progress’ on fixing
Petro-Canada says the nearly weeklong problems that customers have experienced with things like payment and loyalty programs at the gas station chain are ongoing, but it is making progress on solving them. Problems at the company started about a week ago, when on Friday reports suggested that parent company Suncor had been hacked. Over the…
As Canadian cities make pandemic patios permanent, experts call for clear standards – Business News
Photo: The Canadian Press A server clears a table on a patio at a restaurant, in Vancouver, on Friday, April 2, 2021. COVID-19 showed Canadian cities the benefits of extended patio programs for businesses and citizens, but experts say cities in the middle of transitioning to permanent versions of temporary policies are undermining pandemic-spurred improvements….
Canadian economy steady in April as real GDP remains unchanged – Business News
Economy holds steady The Canadian Press – Jun 30, 2023 / 6:27 am | Stories: 434570 Photo: The Canadian Press Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March. The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by…
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…
Fake online reviews: US proposes bans
WASHINGTON – US federal regulators are looking to crack down on fake reviews and other deceptive internet practices. The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more. Businesses would also be prohibited from running company-controlled websites that claim to…