business

Canada’s economy is suffering. The Bank of Canada says interest rate cuts can only do so much. So it’s passed the baton to the federal government. This week’s budget can do what the central bank cannot: restructure how the Canadian economy grows. Source link

Airlines say they are reporting more revenue from upgrades. Some passengers say that’s because the economy ticket experience has become so undesirable. Source link

Airlines say they are reporting more revenue from upgrades. Some passengers say that’s because the economy ticket experience has become so undesirable. Source link

As of Nov. 1, all medium- and heavy-duty trucks and parts headed to the U.S. will get a 25 per cent tariff, while buses will be levied at 10 per cent. While truck and bus making are small industries in Canada, experts say the tariffs could have a big impact. Source link

Canada’s economy shrank in August against widespread expectations of no growth, Statistics Canada data showed on Friday, but an advanced estimate pointed out the economy might escape a recession in the third quarter. Source link

The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. to address an unspecified regulatory matter. Source link

MEG board chair James McFarland twice paused the meeting Thursday to address a last-minute “regulatory inquiry” before adjourning it until Nov. 6. Source link

In the small Alberta town of Cochrane, an eclectic group of engineers and athletes at Garmin Canada are helping to fuel the explosive growth of fitness watches and wearables. Source link

The U.S. Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. Source link

Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to record highs, igniting a debate on whether frothy tech valuations could lead to the next big bubble. Source link