The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. “We do see renewed downward momentum in underlying inflation. The message to Canadians is, we are getting closer. We are seeing what we need to … Read more
Our planet is changing. So is our journalism. This weekly newsletter is part of a CBC News initiative entitled “Our Changing Planet” to show and explain the effects of climate change. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: Electric … Read more
A key Flair Airlines investor says a $30-million lawsuit filed against it by plane-leasing firms over claims of missed payments is “premature at best.” Miami-based 777 Partners, which owns one-quarter of Flair, confirmed that three lessors of aircraft that were repossessed from the budget carrier last spring filed their claim in London in December over … Read more
The unpredictability of the state of the American workplace continues to be on the minds of employees as the New Year of 2024 beckons. The response to this instability of job security has created a workplace trend known as “career cushioning.” Workers are setting up Plan B initiatives — so that if they should be … Read more
Most of us aren’t quite sure how we’re supposed to feel about the dramatic improvement of machine capabilities—the class of tools and techniques we’ve collectively labelled, in shorthand, artificial intelligence. Some people can barely contain their excitement. Others are, to put it mildly, alarmed. What proponents of either extreme have in common is the conviction … Read more
The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn’t go nearly far enough. The deal concerns what is called an interchange fee, also known as a “swipe fee,” which sets aside a percentage … Read more
