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 […]
The days of Alberta bleeding residents to other provinces are gone, at least for now. In the second quarter alone, the province saw a net gain of about 10,000 people thanks to moves from other parts of the country, especially from Ontario. But people aren’t just moving themselves and their families to Alberta — a high number are moving their […]
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 […]
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 […]
The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. In the central bank’s latest quarterly financial report, it says revenue from interest on its assets did not keep pace with interest charges on deposits at the bank, which have grown amid rapidly rising interest rates. The Bank […]
DoorDash Inc. said on Wednesday it was cutting about 1,250 jobs, or 6 per cent of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. DoorDash, went on a hiring spree to cater to a flood of orders from people stuck at home during the height of the […]
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, […]
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 […]
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 […]
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 […]
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