business
Canada's economy reverses months of slow growth with 0.5 per cent boost in April
Canada’s economy showed signs of rebounding by growing 0.5 per cent in April, reversing months of slow and negative economic growth. Real gross domestic product is up half a percentage point largely because of growth in the mining, quarrying, and oil and gas extraction sectors, Statistics Canada said in its latest report , released Tuesday. […]
Has Canada's GDP bounced back?
Is Canada’s so-called “technical recession” already over? Canada’s economy likely grew by 0.4 per cent in April. Source link
Changes are coming to auto insurance policies in Ontario. Here's what you need to know
As of July, some benefits that were previously mandatory under standard car insurance policies will be optional. This could drop the cost of premiums for customers who opt out of certain coverages, but insurance experts warn against leaving coverage exposed to risk. Source link
Refining cobalt in Cobalt, Ont.? That's the plan for this northern Ontario town
A facility near Cobalt, Ont., has been tapped to be the home of North America’s first battery-grade cobalt refinery. Projected to be fully operational by late 2027, the plant will import and process mined cobalt — experts say it could bring Canada into an industry dominated by China. Source link
OpenAI restricts release of newest ChatGPT model to Trump-approved group during testing period
OpenAI says its new AI product, called GPT-5.6 Sol, will only be initially available to a “small group of trusted partners” approved by the Trump administration. The move comes after OpenAI’s rival, Anthropic, took two of its models offline shortly after release to comply with a Trump directive. Source link
Home goods store Flying Tiger lands in Canada, where competition awaits
The Danish brand that sells all-things cheap and cute, like dish towels in fruit motifs, animal-shaped erasers and jewelry boxes resembling fancy sofas for low prices, opened its first Canadian store at Toronto’s Eaton Centre on Friday. Experts say the brand will face competition from the likes of Miniso and Daiso — Asian entrants which […]
Sherritt shutting down Fort Saskatchewan, Alta., refinery as feed from Moa mine in Cuba runs out
Sherritt International Corp. is shutting down operations at its refinery in Fort Saskatchewan, Alta., after running out of the feed inventory it receives from its Moa mine in Cuba. Source link
RBC fined $4.25 million over incorrect credit card statements
Between 2001 and 2024, the FCAC says RBC failed to transfer credits from deactivated credit card accounts to customers’ new ones. This resulted in incorrect monthly credit card statements. Source link
Apple hikes prices on iPads, MacBooks, as AI crunches global memory chip supply
Apple hiked iPad and MacBook prices on Thursday, saying it could no longer “shield” customers from soaring memory and storage chip costs driven by the AI industry’s rapid and expansive data center buildout. Source link
'Mayday to Ottawa': $400M carbon capture facility could be cancelled after changes to Alberta's carbon tax
A shovel-ready, $400-million proposed facility to convert landfill waste in Edmonton into electricity that took five years to develop, could now be cancelled after the recent carbon tax agreement between the Alberta and federal governments. Source link