Tag: business news usa

Business News

CREA downgrades sales forecast as interest rates weigh on buyers – Business News

  • By Ida
  • 21/07/2023
3 min read

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

The association said Friday that it expects 464,239 properties to trade hands this year, a 6.8 per cent decrease from last year. It also now predicts 516,043 being sold in 2024.

In an April forecast, CREA said it expected 492,674 properties to be sold this year, a drop of 1.1 per cent from 2022. Home sales for 2024 were predicted to total 561,090.

The forecast took into account a sales rebound that took

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Business News

Alberta filed 1st ever charges against a carbon offset firm. Here’s why they may not be the last

  • By Ida
  • 17/07/2023
7 min read

For the first time ever, a Canadian province has charged a business for providing false information related to carbon offsets, a spokesperson for Alberta’s Environment Ministry said, underscoring the sometimes murky activities of companies in a complicated, rapidly growing industry worth hundreds of millions of dollars annually.

Carbon offsets are bought and sold under a trading system with governments putting a price on carbon dioxide emissions to compel companies to fight climate change.

Since 2007, Alberta has run a mandatory carbon offset system for large emitters, such as oil and gas companies, landfills and food processing firms. If they produce

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Business News

WestJet shutting down discount airline Swoop

  • By Ida
  • 15/07/2023
3 min read

WestJet is shutting down its budget airline, Swoop.

The company made the announcement in a news release Friday, noting that the ratification of its recent deal with its pilots allows it to integrate all of its staff at various airlines into a single banner.

“As negotiated in the collective agreement, the WestJet Group will now begin integration efforts of its ultra-low-cost airline, Swoop,” the airline said.

“Through an expedited process, the airline anticipates a full integration into its mainline operations by the end of October. To avoid traveler impact, Swoop will operate its existing network through to the end of

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Business News

Right-wing users join Mark Zuckerberg’s ‘friendly’ Threads within 24 hours of launch

  • By Ida
  • 10/07/2023
2 min read
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019, wearing a suit and looking serious with facebook logo in background.

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 to a news post from Media Matters, far-right figures including white nationalist Richard Spencer and white supremacist Nick Fuentes joined the app within the first 24 hours of its launch. Richard Spencer’s account has since gone.

Fuentes said in a livestream on July 6

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Business News

Businesses expect slowing prices, wage increases: BoC survey – Business News

  • By Ida
  • 07/07/2023
3 min read

Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.

In its business outlook survey released Friday, the central bank said for the first time since the beginning of the pandemic businesses on balance expected slower wage growth over the next year.

Firms on balance also expected their input and output prices to grow at a slower rate over the next 12 months.

“Although firms still see cost pressures and labor

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Business News

What is an Irrevocable Trust?

  • By Ida
  • 07/07/2023
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

United CEO apologizes for flying private

  • By Ida
  • 02/07/2023
3 min read

New York –

United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights.

The airline confirmed Kirby flew from Teterboro Airport in New Jersey to Denver, Colorado, on Wednesday, and that the company did not pay for his flight. Teterboro is about 17 miles from Newark, New Jersey, where one of United’s largest hubs is located and which was the center of the airline’s meltdown this week.

In a statement, Kirby said he regretted that his actions distracted the professionalism of United

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Business News

Closed Jackson College campus building sold, social district thriving and more Jackson County business news

  • By Ida
  • 26/06/2023
5 min read

JACKSON COUNTY, MI – From the Jackson College Foundation selling a building that housed a college campus to a thriving downtown Jackson social district, there is a lot going on in the Jackson area.

Here’s some recent Jackson-area business news you might have missed.

Get a taste of Hawaiian, Island cuisine at Ben’s Island Grindz

Ben Snyder and his girlfriend Holly Lippmann had a dream of starting a food truck offering something Jackson didn’t have.

They remembered their previous travels to places like Hawaii, Mexico and Costa Rica. After eating their way through the islands and countries, they realized island

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