business

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

Ekati Diamond Mine’s parent company has filed for creditor protection. It says global events caused the gem’s prices to fall by more than 70 per cent within a year. The filings put at risk hundreds of jobs and millions of dollars in promised payments to Indigenous communities. Source link

Concerns are growing about how some young people engage with AI chatbots. Meta is rolling out a tool to let parents monitor topics their children discuss at the same time as Manitoba is proposing banning use of AI chatbots for youth. More research is needed, but evidence suggests some risk factors for mental health. Source […]

Picture this: a DJ, a makeshift dance floor and drinks. Only it’s 8 p.m. on a Wednesday and there’s no alcohol — instead, there’s a sauna. Source link

Buyers have been found for four properties that used to be home to Hudson’s Bay department stores, including Vancouver’s Granville Street location. Source link