business
Retailers feel Black Friday pressure as Canadians expected to tighten their spending
With trade uncertainty, tariffs and rising prices, Canadian shoppers are expected to pull back this holiday season. Retailers are offering weeks-long discounts —and for some, their first Black Friday deals ever — in the hope of enticing people to spend. Source link
An unhappy booze industry asks why alcohol was left out of interprovincial trade agreement
Some in the alcohol industry say they’re perplexed and disappointed that booze was left out of a recent agreement between provinces to drop interprovincial trade barriers. Source link
China might be winning the AI race. Does it matter?
A Beijing company recently released China’s smartest artificial intelligence model yet — narrowing the gap between that country and the U.S. in a race that some have likened to a new cold war. Source link
Bell slashes nearly 700 jobs in latest round of layoffs
Bell Canada says it’s cutting about 690 employees, mostly managers, to help reduce debt and drive growth. The cuts follow thousands of company layoffs last year. Source link
Are toy stores dying? Why big-box chains are struggling even as toy sales climb
In the age of screens, amid reports of retail stores struggling and studies suggesting that all kids want for Christmas are Robux, what does the future hold for the toy industry? Source link
Aritzia to open flagship store at old Nordstrom location in downtown Vancouver
Vancouver fashion retailer Aritzia is set to open a 40,000-square-foot flagship store in a space at CF Pacific Centre formerly occupied by Nordstrom. Source link
Stock market recovers some earlier losses while waiting on Nvidia earnings report
Wall Street bounced back from this week’s earlier losses on Wednesday, ahead of the latest earnings report from Nvidia, considered a bellwether for the artificial intelligence sector. Source link
Canada Post paints bleak financial picture, hints at big job cuts
At its annual public meeting Tuesday, Canada Post revealed that it continues to bleed cash and hinted at big job cuts through attrition. Source link
New home construction dropped 17% in October, says CMHC
The annual pace of housing starts, also known as new home construction, fell 17 per cent in October compared with September, the Canada Mortgage and Housing Corp. said on Tuesday. Source link
Cloudflare outage takes down ChatGPT, X, other internet services
Internet infrastructure provider Cloudflare says it has identified an issue that caused outages for the social media platform X, some multiplayer games and ChatGPT. Source link