today's business news headlines

Google axes 12,000 jobs, layoffs spread across tech sector – Business News

14/09/2024 by Jerry

Photo: The Canadian Press Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Alphabet CEO Sundar Pichai, the parent company of Google, informed staff Friday at the Silicon Valley giant about ... Read More

Important team and business changes

06/07/2023 by Jerry

Team – We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will ... Read More

Does Canada really need a digital loonie?

15/05/2023 by Jerry

The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar. “We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point ... Read More

Why Google is blocking some Canadians from seeing online news

04/03/2023 by Jerry

Google is blocking some Canadian users from viewing news content in what the company says is a test run of a potential response to the Liberal government’s online news bill. Also known as Bill C-18, the Online News Act would require digital giants such as Google and Meta, which owns Facebook, to negotiate deals that ... Read More

Soaring rents in Toronto, Vancouver force residents on modest incomes into ‘deplorable’ conditions

26/02/2023 by Jerry

With Vancouver and Toronto vacancy rates at 0.9 and 1.7 per cent respectively, and rental prices surging, seniors, students, new immigrants, single parents and people with disabilities — those on modest or fixed incomes — are being priced out of their communities. Ren Thomas, associate professor of planning at Dalhousie University in Halifax, warns it’s ... Read More