Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover). The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within … Read more
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
For years, cable TV has bled viewers and subscribers to streaming giants like Netflix, Apple and Amazon. Now, those same companies are vying to stream live sports, one of the last lines of defence when it comes to audiences paying big bucks for traditional cable packages. AppleTV+ has a 10 year, multibillion-dollar deal to stream MLS soccer matches and also streams … Read more
Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover). The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within … Read more
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target. Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials … Read more
Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward … Read more
Bombardier is now the second large Canadian corporation known to have been granted an exemption from federal government sanctions on Russian titanium. The Montreal-based aircraft manufacturer, along with its European partner Airbus, can continue to use parts containing titanium produced by Russia’s VSMPO-AVISMA, based in Verkhnyaya Salda. During a conference call Thursday with reporters following the release of Bombardier’s quarterly results, CEO … Read more
Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is expected to announce later this week a multi-billion dollar commitment to build electric vehicles and their parts in Ontario, government sources have told CBC News. The senior government sources, who spoke to CBC News on condition of confidentiality because they weren’t authorized … Read more
Deputy Prime Minister and Finance Minister Chrystia Freeland says she thinks unhappy premiers will come around on measures in the federal budget that touch on provincial legislation, even as they push back. At an event in Toronto on Sunday, Freeland — who presented the federal budget on Tuesday — said the national government needs to push ahead on … Read more
File. | Photo Credit: C. Venkatachalapathy The rupee appreciated 5 paise to 83.39 against the U.S. dollar in early trade on April 22, supported by a firm trend in domestic equities. Forex traders said the local unit gained ground as the American currency and crude oil prices retreated from their elevated levels. At the interbank … Read more
