Shares of Peloton plunged on news that company co-founders John Foley and Hisao Kushi are stepping down amid sluggish sales.Foley stepped down as executive chair on Monday. Kushi will depart from his role as chief legal officer on Oct. 3.Foley...
The U.S. inflation rate cooled slightly to 8.3 per cent last month, down for the second month in a row after hitting a 40-year high of 9.1 per cent in June, the U.S. Bureau of Labour Statistics reported.While the...
Like many Canadians, a woman we'll call Mary was looking for a little extra income during the pandemic, to offset the rising cost of living. But instead of turning to the traditional options of working some overtime, freelancing...
Statistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings.The agency says household credit market debt as a proportion of household...
Hundreds of employees in Winnipeg have been laid off by food delivery service Skip the Dishes.The company has cut its staff by approximately 350 people, said a spokesperson for parent company Just Eat Takeaway.The layoffs took place last week following what...
More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer version: The Great Retirement.Canada's labour force grew in August, but it fell the previous two months and...
CityNews has announced it has hired veteran news anchor Lisa LaFlamme as a special correspondent to lead its coverage of the death and legacy of Queen Elizabeth.LaFlamme became the subject of headlines across the country last month when she was fired from...
Canada's economy lost 40,000 jobs in August, enough to push up the jobless rate by half a percentage point, to 5.4 per cent, Statistics Canada reported Friday.Economists had been expecting the economy to add between 10,000 and 15,000...
Those who think central bankers are powerful and manipulative might ask themselves why people like Senior Deputy Governor Carolyn Rogers don't just snap their fingers and make inflation go away.The Bank of Canada officials have declared they will...
If you've gone to a Rogers store during business hours recently and were wondering why the door is locked, the company wants you to know it's the result of a policy change aimed at preventing robberies and fraud.The Canadian...
