business
Someone made big money betting on Maduro. What are prediction markets, and is it time they had tighter rules?
The huge sums of money swapped over the dramatic capture of Venezuelan President Nicolás Maduro have reignited questions about prediction markets — platforms that allow users to make yes/no wagers on nearly any kind of event, and which have shot from small startups to major companies in recent years. Source link
Canadian economy added 8,200 jobs in December, while unemployment rose to 6.8%
The results come after three months of strong gains from September to November. Full-time employment rose to 50,200, while part-time employment fell by 42,000. Source link
Trump's tariff fight at the Supreme Court could make for a messy refund battle for businesses
The Supreme Court is expected to issue rulings on Friday but, as is customary, has not said what case or cases will be acted upon. If they strike down Trump’s tariffs, the U.S. could have to pay back billions — but companies, trade lawyers and customs brokers don’t anticipate the government would make it easy […]
Ubisoft closes Halifax studio, 71 employees affected
Software company Ubisoft has closed its Halifax studio, putting 71 staff members out of work. Source link
Quebec Superior Court approves class action against Ticketmaster over service fees
The Quebec Superior Court has authorized a class-action lawsuit against Ticketmaster that accuses the American company of charging abusive service fees on ticket sales. Source link
Warner Bros. rejects revised Paramount bid as risky leveraged buyout
Warner Bros. Discovery’s board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4-billion US hostile bid amounted to a risky leveraged buyout that investors should reject. Source link
GTA home sales fell 11.2% last year compared to 2024, report says
Home sales dropped 11.2 per cent in the Greater Toronto Area last year compared to that of 2024, according to a new report released Wednesday. Source link
Air Transat pilots vote to ratify new five-year deal
91 per cent of Air Transat pilots who voted agreed to ratify a new five-year employment contract with the airline. The union and company reached the tentative deal in December, narrowly avoiding a strike. Source link
Nestlé recall of some baby formulas does not apply to Canadian products, company says
Nestlé voluntarily recalled a number of baby formula batches due to potential contamination with a toxin that can cause severe vomiting and nausea. The recall applies to products sold in a number of countries, mostly within Europe, but the company says Canada is not affected. Source link
Ford's annual U.S. sales rise 6% on strong sales for affordable trucks and hybrid cars
Slowing sales of electric vehicles were offset by an uptick in demand for its more affordable Maverick truck, and for hybrid vehicles. Source link