business

Air travel continues to be impacted by soaring fuel prices. On Thursday, Air Canada confirmed that, due to the current high cost of jet fuel, it’s halting service earlier than planned on four seasonal flights to U.S. destinations. Source link

Prime Minister Mark Carney has said wages are rising faster than inflation. CBC’s Fact Check team dives deeper into that claim Source link

Analysis of data from three census cycles showed that 16.3 per cent of millennials aged 25 to 39 were living with parents in 2021, whereas 8.2 per cent of baby boomers in 1991 were doing the same. But the high cost of housing wasn’t entirely to blame, according to Statistics Canada. Source link

Japanese news media reported that Honda Motor plans to indefinitely halt the development of its $15-billion electric vehicle complex in Canada, though Honda Canada said they had nothing to report at this time. Ottawa acknowledged automakers face “significant challenges,” but did not say whether the company had updated them on those plans. Source link

Oil prices fell under $100 US following pleas for peace in the Middle East by China’s foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes. Source link

While restaurants of all kinds are feeling pinched, quick service restaurants are getting hit harder than higher-end ones, according to a report from Restaurants Canada. It’s a signal of a K-shaped economy , where those with the most money can still shell out for a nice meal, but those with lower incomes have no option […]

Telecommunications workers are calling for government restrictions on the use of artificial intelligence in the sector, suggesting the technology is being used to monitor workers and disguise the accents of overseas call centre workers. Source link

Elon Musk settled the U.S. Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X. A trust in Musk’s name will pay a $1.5 million US fine. Source link

Canada had a $1.78 billion trade surplus in March, compared with a $5.11 billion deficit in the prior month. It was the first time in six months that the country ​exported more than it imported, thanks in large part to higher oil prices because of the war in Iran. Source link

Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, while average selling prices moved lower again. Source link