Donald Trump lashed out at the U.S. central bank on Wednesday, accusing the Federal Reserve’s interest rate policy with holding back the economy from winning a trade war he is trying to wage with China.
Category: Canada
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Lyft continues to post losses despite revenue growth
Lyft is reporting strong revenue growth but deep losses in its second quarter, a trend that it has so far been unable to reverse.
Tech boom creating two-tiered Canadian job market: some cities have them, and some don’t, TD Bank says
The latest report from TD Economics shows just how close Canada is from mirroring the regional inequality seen within the U.S. labour market.
Samsung ditches headphone jack after jabs at jackless rivals
Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing.
Ontario woman files suit on behalf of Canadians affected by Capital One data breach
A prominent Ontario personal injury law firm has filed a class action on behalf of Canadians affected by the huge Capital One data breach that was disclosed last week.
Trade war rhetoric between U.S. and China eases Tuesday as Beijing revalues yuan
Stock markets largely settled down on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in a long-drawn trade war, a day after Wall Street suffered its sharpest one-day percentage drops of the year.
Disney earnings miss forecasts as streaming costs rise
Walt Disney Co. reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business it is building to challenge Netflix.
Not cleared for landing: Spurned Transat bidder trying to block Air Canada takeover
Montreal real estate developer Group Mach is again offering Transat A.T. shareholders $14 per share, this time in an effort to scoop up 19.5 per cent of the airline’s shares in order to block its sale to Air Canada.
SNC-Lavalin shares fall to lowest level since 2005 as Caisse demands answers
Shares of SNC-Lavalin Inc. plummeted to the lowest level in nearly 15 years Tuesday in reaction to its largest shareholder, the Caisse de depot et placement du Quebec, warning that the embattled engineering firm had to move to emergency mode to improve its project execution.
Japan’s NEC shows off a ‘flying car’ that can hover steadily for a minute
A test flight for a new, car-size flying drone that could one day autonomously deliver packages reached three metres high and lasted about 45 seconds in a Tokyo suburb on Monday.