business
‘Eerie parallel’: Archived stamps reveal Canada was prepared to ration gas in the 1979 oil crisis
Canada considered conserving oil with gasoline rationing stamps in 1979. While it never put the stamps into circulation, economist Peter Tertzakian said the proofs are a reminder that anything can happen in an oil shortage. Source link
Stock markets dip for another straight week as U.S. war on Iran continues
Canadian and U.S. stock markets sank on Friday amid fears about the effects of the U.S.-Iran war on interest rates. Source link
Netflix, Warner Music sign multi-year deal to produce artist documentaries
Netflix and Warner Music Group have signed an exclusive multi-year deal to produce documentary series and films exploring the lives, music and legacies of the label’s storied artist roster. Source link
Customers complain about long wait times, multiple calls to resolve issues with Rogers, Telus and Bell
More than a dozen customers told Marketplace they are frustrated with poor customer service they received from Canada’s big three telecoms. Employees at Rogers and Telus said frontline customer service representatives have less incentive to help customers issue credits or lower bills, and said they’re measured on their abilities to increase customers’ bills. Source link
Fortnite is hiking cost of its currency to 'pay the bills.' Are its battles against Google and Apple to blame?
The popular online gaming platform Fortnite is hiking the price of its in-game currency starting Thursday, a rare move that experts say sheds some light on the cost of its parent company’s antitrust battles against tech giants Google and Apple. Source link
As gas prices rise, ride-hail drivers feel especially pinched at the pump
Gas prices worldwide have soared since the U.S. and Israel launched strikes on Iran, and the widening war has pinched tanker traffic in the crucially-important Strait of Hormuz shipping route. Ride-hail drivers, many of whom are on the road for hours a day, say they’re being hit hard by the extra expense. Source link
Diesel prices surge to highest since 2022, raising concern for shipping, consumer costs
The ongoing U.S.-Iran war is causing diesel prices to spike across the country, climbing nearly 30 per cent since the beginning of March. In some parts of Quebec, a litre of diesel is selling for almost $2.50. Source link
Lululemon's net income down as brand promises product shakeup
Interim co-chief executive and chief financial officer Meghan Frank said Tuesday that the apparel retailer plans to shake up its product assortment with fewer logos, a “more focused and co-ordinated” colour palette and a “more edited” assortment of small accessories. Source link
Electricity demand, natural gas production, and renewable power expected to soar by 2050
Electricity demand is set to boom in Canada by 2050, according to new modelling from the national energy regulator released on Tuesday. Source link
U.S. government confirms Tesla and LG Energy Solution large battery deal
LG also owns and operates NextStar, a similar battery cell factory in Windsor, Ont. Source link