Year-over-year inflation in the United States reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the U.S. Department of Labor showed that consumer prices rose just … Read more
Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and … Read more
Last year was the hottest in recorded human history, and this year Canada continues to be affected by heat waves and record-breaking temperatures. One big shift is the increase in nighttime temperatures, prompting health concerns across the country as certain nightly forecasts across Eastern Canada predict highs of 24 C, instead of the typical 14 … Read more
In a new report, a think-tank within Employment and Social Development Canada cites 35 “plausible” global disruptions that could reshape Canada and the world in the near future. The Policy Horizons Canada (PHC) panel drafted the list and then asked more than 500 stakeholders within and outside government to suggest which ones were more likely, when they might happen and how … Read more
Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Would you sign a gag order to get compensation from your bank? Guanghu Cui of Oakville, Ont., refused to sign a non-disclosure agreement to get financial compensation in a dispute with his … Read more
The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of three quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social media platform X, formerly Twitter, of a man sitting … 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
WARNING: This article contains graphic content and may affect those who have experienced sexual violence or know someone affected by it. A Vancouver woman has filed a civil lawsuit against Paramount Pictures Corp. and punk rocker Stephen Jones of The Sex Pistols alleging he sexually assaulted her as a teenager while she was a movie extra more than … Read more
Oppenheimer finally premiered Friday in the nation where two cities were obliterated 79 years ago by the nuclear weapons invented by the American scientist who was the subject of the Oscar-winning film. The reviews of Japanese filmgoers who spoke to reporters were understandably mixed and highly emotional. The film’s release in Japan, more than eight … Read more
British Columbia grain farmer Malcolm Odermatt says all he can do is pray for rain this spring after repeated droughts sabotaged his harvest last year. Odermatt, who is also the president of the B.C. Grain Growers Association, has been working with his father since 2012 to farm about 2,000 acres of land in the Peace … Read more
