Another Canadian startup that raised significant venture capital during the pandemic tech boom has downsized as the sector’s problems worsen. RenoRun Inc., a Montreal startup that is building an Instacart-like service delivering…
Category: Business
Resolute plans to sell Thunder Bay pulp and paper mill
The company says this is necessary and conditional on its announced acquisition by Domtar. THUNDER BAY — Resolute Forest Products announces its intention to sell its Thunder Bay pulp and paper mill….
Meta Shares Drop 20% After Earnings Release, Company Now Worth What It Was In 2016 | Radio-Canada News
Facebook’s parent company Meta said on Wednesday its revenue fell for a second straight quarter, hit by falling ad sales as it faced competition from popular video app TikTok. The quarter’s weak…
Air Canada apologizes for not letting blind woman fly with guide dog | Radio-Canada News
Air Canada apologizes after banning a blind passenger from boarding a flight from Toronto to Minneapolis with her guide dog. Dena Wainwright, a 49-year-old Canadian who lives in Minnesota, says she will…
Tracking the recession: Major calls from economists on Canada’s growth trajectory
Bay Street economists are betting on whether or not the Canadian economy is headed for a recession. (Steve Russell/Toronto Star via Getty Images) Higher borrowing rates, a relentless rise in the cost…
Live Stock Market News Updates: Dow Rises on GDP Data, Meta Lags Nasdaq as More Earnings Loom
US stocks were mixed on Thursday morning as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected US GDP report. The tech-heavy Dow…
Big Tech can’t save your investments | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter…
Tesla Issues Rare Actual ‘Physical’ Recall of Over 24,000 Model 3 Vehicles
Tesla has issued a recall of just over 24,000 Model 3 vehicles over a seat belt issue. This is a rare “physical” recall for the automaker after numerous “recalls” that were just…
Credit Suisse will cut 9,000 jobs and seek billions in new investment
Credit Suisse has unveiled sweeping plans to cut 9,000 jobs and raise billions of pounds from investors in a Saudi-led funding round as part of a scaled overhaul company intended to draw…
5 things to know before the stock market opens on Thursday
Traders work on the floor of the New York Stock Exchange. NYSE Here are the most important information investors need to start their trading day: 1. Overcome a busy week The markets…