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Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.
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TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TORONTO — TD Bank Group said it's cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.
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Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

TORONTO — RBC chief executive Dave McKay made some of his most forceful comments yet on the importance of the federal government approving the bank's $13.5-billion takeover of HSBC Canada as the deal attracts rising opposition.
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Cristiano Ronaldo faces $1B class-action lawsuit after promoting for Binance NFTs

Cristiano Ronaldo faces $1B class-action lawsuit after promoting for Binance NFTs

NEW YORK (AP) — Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocu
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These companies have laid off Canadian workers in 2023

These companies have laid off Canadian workers in 2023

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
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Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth.
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Bereavement fares worth looking into but do your research before booking: experts

Bereavement fares worth looking into but do your research before booking: experts

When Cathy Olliffe-Webster's 90-year-old mother-in-law died suddenly last year, her family had to make the trek from Cold Lake, Alta., to Ontario in a hurry.
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Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

LONDON (AP) — Europeans again saw some relief as inflation dropped more than expected to 2.
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As ChatGPT marks one-year anniversary, here's how Canadian companies are using AI

As ChatGPT marks one-year anniversary, here's how Canadian companies are using AI

When OpenAI released ChatGPT one year ago, it instantly dazzled the world's tech community and beyond. The artificial intelligence-based chatbot could turn simple prompts from users into reams of text, including essays and speeches, within moments.
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Indiana judge dismisses state's lawsuit against TikTok that alleged child safety, privacy concerns

Indiana judge dismisses state's lawsuit against TikTok that alleged child safety, privacy concerns

INDIANAPOLIS (AP) — An Indiana county judge on Wednesday dismissed a lawsuit filed by the state accusing TikTok of deceiving its users about the level of inappropriate content for children on its platform and the security of its consumers' personal i
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