business

Global automaker Stellantis’ recently revealed plans to launch 11 new vehicle models in North America “produces opportunities” for those models to be built in Ontario, the head of the company’s Canadian division says. Source link

Economic growth stalled in Canada in the first quarter and real gross domestic product was slightly negative on an annualized basis, according to Statistics Canada. Source link

Canada’s economy ‌contracted in the first quarter of the year on an annualized basis, Statistics Canada data showed on Friday, making it two consecutive quarters of annualized decline, which some would call a technical recession. Source link

A new bulletin from Fintrac is advising Canadian businesses to look out for transactions that could be linked to trafficking for the purpose of sexual exploitation or forced labour. Major events can boost the demand for this activity and offer an opportunity to move people to the location where major events are taking place. Source […]

High stock market valuations, higher corporate debt and higher amounts of money borrowed by hedge funds to buy sovereign debt are some vulnerabilities, Senior Deputy Governor Carolyn Rogers said. The increasingly volatile geopolitical system also creates a risk that more than one economic shock could happen at once. Source link

Uber customers in Canada and the U.S. told CBC News they were signed up for an Uber One membership without their knowledge, and only caught the problem when they noticed an odd Uber charge — or string of recurring charges — on their credit card. Uber, however, says it doesn’t enroll people in its monthly […]

Canadians are increasingly struggling to pay their mortgages, particularly in high-priced Ontario and British Columbia markets, a new report from Equifax Canada says. Mortgage delinquency balances are up 32 per cent nationally compared with last year. Source link

The hiring spree comes as the coffee chain said Friday that 80 new store locations would be added across Canada this year — and as American chain Dunkin’ plans a re-entrance into the Canadian market. Tim Hortons says the moves are part of a wider long-term investment, but a marketing expert says leaning into Canadian […]

A Pizza Hut franchisee in the U.S. is betting big on nostalgia, bringing back its ’90s decor, Pac-Man and salad bars. Source link

Reports of the sale made waves online this week among fans of Everlane, who saw the sale to Shein as a reversal of the brand’s commitment to climate goals and ethical manufacturing. Everlane CEO Alfred Chang said in a statement his company would remain independent and committed to sustainability and quality. Source link