business
Former Nike executive to take over as Lululemon's new CEO
The Vancouver-based athleisure retailer announced Wednesday that Heidi O’Neill will become its next chief executive officer on Sept. 8, when she will also join its board. Source link
Air Transat's parent company cutting flights due to high cost of jet fuel
Transat A.T. Inc travel company will reduce capacity by six per cent from May to October. Source link
Instagram is testing premium features. Will people pay?
Instagram is testing a premium subscription that, for a monthly fee, allows users to extend the life of their story posts, “spotlight” their stories to put them at the front of followers’ feeds and see how many people have rewatched their stories. It’s part of an industry-wide shift away from services that are free and […]
Anthropic's latest AI model is sparking fears from cybersecurity experts and the banking sector. Here's why.
Mythos, Anthropic’s most advanced AI model to date, has sparked fears about the threat to traditional software security after the AI startup said the preview had uncovered “thousands” of major vulnerabilities in “every major operating system and web browser.” Source link
Canada's annual inflation rate rose to 2.4% in March
The increase comes after the inflation rate fell in February to 1.8 per cent. Source link
North America's 1st electrochemical lithium refining facility opens in B.C.
Delta, B.C., is an unlikely location for Canada to challenge China’s hegemonic control of the refining of lithium, a critical mineral whose supply chains have emerged as a key concern from the White House to Ottawa and beyond. Source link
Public grocery stores are having a moment. Can they really make food more affordable?
From Toronto to New York City, politicians want to tackle rising food costs with government-run grocery stores. Politicians championing the plan say these stores would sell staple items at lower prices than private grocery stores. But critics say the idea is half-baked and will only waste public money. Source link
Ford recalls 144,000 F-150s in Canada due to gearshift issue
Safety issue impacts some vehicles with six-speed automatic transmissions made between 2015 and 2017. The issue can cause unexpected downshifting while the vehicle is moving. Source link
Boeing announces $36M for research and development at Winnipeg facility
Boeing plans to spend $36 million on composite aerospace manufacturing research and development projects at its Winnipeg facility, the aerospace company’s president announced Friday. Source link
Air Canada suspends Toronto and Montreal flights to JFK over jet fuel cost crisis
Air Canada has temporarily suspended flights from Toronto and Montreal to New York’s John F. Kennedy International Airport as the war in Iran drives up fuel costs. Source link