Canada added 10,000 jobs in November, pushing jobless rate down to 5.1%

Canada’s economy added 10,000 jobs last month, in line with what economists were expecting, and enough to push the jobless rate down to 5.1 per cent. Statistics Canada reported Friday that several industries added jobs, including finance, insurance, real estate, rental and leasing, and manufacturing, as well as in information, culture and recreation. “At the same time, it fell in […]

Concerns grow that Alberta’s Sovereignty Act will drive investment from province when it’s needed most

On the 15th floor of a downtown Calgary office tower on Wednesday, a new clean-tech fund was launched with an aim of decarbonizing the energy sector. But much of the talk at the event was about the Alberta government’s controversial Sovereignty Act, which was introduced in the provincial legislature less than 24 hours earlier. Some organizers couldn’t help but shake […]

‘I didn’t ever try to commit fraud on anyone,’ FTX founder Sam Bankman-Fried says

The man at the center of collapsed cryptocurrency exchange FTX made his first public appearance since the saga began, telling a New York audience on Wednesday that it was never his intention to commit fraud. Sam Bankman-Fried, the 30-year-old founder of FTX, appeared at the New York Times’ Dealbook Summit on Wednesday, for an interview with journalist Andrew Ross Sorkin […]

These students are facing real-world economic pressures. Mandatory financial literacy classes may help

November is financial literacy month and there was no hiding from scary economic news, even for high school students. “I can see the prices going up in terms of the food that I buy, the clothing that I buy and just regular student finances,” said Anand Desaigoudar, a Grade 12 student at Old Scona Academic high school in Edmonton. Inflation, […]

Alexa, is the voice-assistant industry doomed?

A recent report indicating that Amazon’s Alexa division is on track to lose $10 billion US this year is raising questions about the future of the entire voice-assistant industry. “I think there is a next-generation battle for voice assistance that will require very, very deep pockets to survive,” said Andy Wu, an assistant professor of business administration in the strategy […]

Who’s really to blame for Taylor Swift’s Ticketmaster fiasco?

After overwhelming demand for Taylor Swift tickets caused a meltdown at Ticketmaster, many outraged fans demanded investigations and a shakeup of the ticketing giant. But a number of entertainment industry experts — and even some Swifties — have since been asking: Does the singer deserve some of the blame? Some fans faced myriad error messages, while others endured an hours-long […]

Latest GDP numbers show Canada’s economy is still growing, but signs of slowdown are everywhere

Canada’s economy expanded slightly in September, with the country’s gross domestic product growing by 0.7 per cent during the third quarter. Statistics Canada reported Tuesday that exports in goods producing industries led the way during the quarter, offsetting service sector output that was essentially flat. Oil and gas extraction grew by 1.8 per cent in September, led by a surge […]