AvatarThe Globe and MailAvatarAvatar1 hour agoOttawa is promising to focus on affordability for young Canadians. Here’s how to actually do thatverified_publisherThe Globe and Mail - Tony KellerOpen this photo in gallery: On Wednesday, Prime Minister Justin Trudeau said next month’s federal budget will be about “fairness,” with a focus on “young people trying to get their lives started.” He said the biggest issue young Canadians are facing “is being able to afford a place to live.” And then …
AvatarThe Globe and MailAvatarAvatar1 hour agoFirst Quantum executives get pay increases despite company’s woesverified_publisherThe Globe and Mail - Niall McGeeThe senior executive team at Canadian copper miner First Quantum Minerals Ltd. FM-T got substantial compensation bumps and favourable performance reviews in a year the company was forced to shut down its biggest mine, and its stock lost more than half its value. Late last year, Vancouver-based First …
AvatarThe Globe and MailAvatarAvatar1 hour agoWhat is productivity and why is it so low in Canada?verified_publisherThe Globe and Mail - UnknownThe Bank of Canada warned March 26 that weak productivity and low business investment have become an emergency situation that makes it harder to control inflation and that could erode living standards if left unaddressed. This productivity trend is not new, but the situation has gotten worse over …
AvatarThe Globe and MailAvatarAvatar1 hour agoStop blaming boomers and other retirees for the housing shortageverified_publisherThe Globe and Mail - Rita TrichurOpen this photo in gallery: If you still watch cable TV, you may have seen the HomeEquity Bank advertisements featuring “Doris,” a retiree who claps back at social pressure to downsize her home. In one commercial, Doris finds a young couple with a baby stroller standing in front of her home, musing …
AvatarThe Globe and MailAvatarAvatar2 hours agoBarrick settles lawsuit with Tanzanian villagers who alleged security abusesverified_publisherThe Globe and Mail - Geoffrey YorkOpen this photo in gallery: Barrick Gold Corp. ABX-T says its subsidiaries have settled a British court case with 10 Tanzanian villagers who alleged that police and security guards had caused deaths and injuries near the company’s North Mara gold mine. The two subsidiaries in Tanzania did not admit …
AvatarThe Globe and MailAvatarAvatar4 hours agoRising cost of living and rising crime? They’re connectedverified_publisherThe Globe and Mail - Pat BarclayOpen this photo in gallery: Pat Barclay is a psychology professor at the University of Guelph. The cost of living has soared since COVID, owing to supply line disruptions, the war in Ukraine and climate-related disasters. Many Canadians feel the pinch of inflation, which is unpleasant enough. …
AvatarThe Globe and MailAvatarAvatar4 hours agoBare trusts exempt from new reporting rules for 2023, CRA saysverified_publisherThe Globe and Mail - Erica AliniIn an announcement that came just days before this year’s April 2 deadline for filing trust returns, the Canada Revenue Agency said it won’t require Canadians with bare trusts to adhere to complex new tax-reporting requirements for the year 2023, unless the agency makes a direct request for the …
AvatarThe Globe and MailAvatarAvatar4 hours agoHow the pandemic affected the class of 2020′s incomeverified_publisherThe Globe and Mail - Matt LundyThe class of 2020 had some of the worst luck imaginable. They graduated during a global pandemic, resulting in layoffs, delayed job starts and cancelled interviews. At the time, economists raised concerns about their long-term income prospects, citing research on the debilitating effects of …
AvatarThe Globe and MailAvatarAvatar4 hours agoCanadian dollar gains as data shows economy ‘humming along’verified_publisherThe Globe and Mail - Fergal SmithThe Canadian dollar CADUSD strengthened against its U.S. counterpart on Thursday, clawing back some recent declines, as faster-than-expected growth in the domestic economy reduced pressure on the Bank of Canada to cut interest rates in the coming months. The loonie was trading 0.2% higher at 1.3535 …
AvatarThe Globe and MailAvatarAvatar5 hours agoResearchers make medical tests from used chewing gumverified_publisherThe Globe and MailResearchers in Scotland are hoping to tackle a huge plastic pollution problem by making single-use medical tests, or lateral flow tests (LFTs), with discarded chewing gum and other waste plastics.
AvatarThe Globe and MailAvatarAvatar5 hours agoBankman-Fried sentenced to 25 years in FTX fraudverified_publisherThe Globe and MailSam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing $8-billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
AvatarThe Globe and MailAvatarAvatar5 hours agoPension fund manager PSP in talks to co-lead investment in AI company Cohere: reportverified_publisherThe Globe and Mail - Joe CastaldoThe Public Sector Pension Investment Board in Ottawa is in talks to co-lead an investment in Toronto-based artificial intelligence company Cohere Inc. at a US$5-billion valuation, according to a report by The Information, even as the pension manager’s previous bet on a hot technology sector has yet …