business
National real estate association blames Ontario snowstorm for cooling housing sales January
The Canadian Real Estate Association (CREA) is blaming Old Man Winter as a factor in cool housing sales during the month of January. Source link
A chat with Shohei? This tech firm is pitching an AI version of baseball's biggest stars
How would you like to have a one-on-one friendship with your favourite professional baseball player? A California-based tech company is pitching exactly that — by building AI-powered avatars of every Major League Baseball star. Source link
Warner Bros. reopening takeover talks with Paramount, but Netflix deal still favoured
Netflix, the preferred bidder to buy Warner Bros.’ studio and streaming businesses, has given Warner a seven-day waiver to reopen talks with Paramount. The companies now have until Monday of next week to work out a possible deal, which Netflix would be allowed to match. Source link
Canada's annual inflation rate edged down to 2.3% in January
Canada’s annual inflation rate edged down to 2.3 per cent in January, Statistics Canada said on Tuesday. Source link
Car dealers seek reimbursement for EVs sold under old rebate program as new one launches today
The reborn federal electric vehicle rebate program launches today, but some auto dealers in Canada say they’re still out tens of thousands of dollars from the last one. Source link
Canadians are ready for Chinese-made autos, but experts note there are security risks
Weeks after Ottawa announced that it would allow a limited number of Chinese-made vehicles into the Canadian market, some have warned that the move puts data privacy at risk. But that might not be a significant turn-off for consumers who are in the market for a new car. Source link
Tourism was once an 'economic locomotive' in Cuba. Now, the train is coming off the tracks
For decades, Cuba’s tourism sector has enjoyed a reputation as an “economic locomotive” among authorities who saw it as the lifeblood of the Caribbean island country’s economy. But the industry has been in decline since its 2018 peak, and the U.S. government squeezing Cuba’s oil supply has pushed the nation’s most crucial industry closer to […]
Amid 'Buy Canadian' fervour, Canada's top pension funds still heavily invested in U.S.
Despite the U.S. trade war and President Donald Trump’s threats to Canadian sovereignty, this country’s biggest pension funds remain heavily invested in the U.S. The Canada Pension Plan announced this week that it has grown to a record $780.7 billion in assets, with 47 per cent invested in the U.S., compared to only 13 per […]
Diageo, Ontario government reach agreement to keep Crown Royal on LCBO shelves — but plant closure remains
Ontario will keep Crown Royal on the shelves in the province’s liquor stores, it says, after parent company Diageo agreed to almost $23 million in spending in the alcohol and agriculture sectors. Source link
Canadian restaurants struggling to turn a profit, new report says
A survey of Restaurants Canada members found that 44 per cent of respondents were either operating at a loss or just breaking even — up from 2019 when only 12 per cent of respondents were in that same financial position. Restaurateurs and experts say less traffic at restaurants and rising costs are making it hard […]