workers

From corny jokes to job applications, ChatGPT’s new store is selling specialized AI software

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Prominent artificial intelligence company OpenAI has launched a new way for developers to sell and distribute their own, custom versions of AI software through an online store, with industry participants and watchdogs saying it could change how businesses and consumers use the technology. The GPT Store will include personalized artificial intelligence applications, and will let users discover and build versions … Read more

Canada Post selling off logistics business as part of effort to ‘transform’ Crown corp

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Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation. The sale of SCI Group Inc. to Metro Supply Chain comes as the country’s national postal service “focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” says … Read more

Trans Mountain to present pipeline variance arguments at hearing with regulator

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The Canada Energy Regulator will hear arguments Friday from the company building the Trans Mountain pipeline expansion on its request for a pipeline variance. The Trans Mountain pipeline is Canada’s only oil pipeline to the west coast, and its expansion will boost the pipeline’s capacity to 890,000 barrels per day from 300,000 currently. The project’s … Read more

Canada’s highest-paid CEOs make 246x the average worker, says new report

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It was another record-breaking year for Canada’s richest CEOs.  In one work day, and less than a half hour into the new year — 27 minutes to be exact — Canada’s 100 highest-paid CEOs will have already earned the average worker’s annual salary, according to a new study by the Canadian Centre for Policy Alternatives (CCPA). It translates to roughly … Read more

2023 was a banner year for video games — and video game industry layoffs

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The past calendar year has been a banner one for best-selling, critically acclaimed video games. Blockbuster titles like Alan Wake 2, Marvel’s Spider-Man 2 and Super Mario Bros. Wonder headlined a year full of critically acclaimed games that sold tens of millions of copies. But behind the screens, the games industry has been in a dramatic … Read more

Wayfair CEO Niraj Shah says employees need to work longer

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While many executives use this time of year to thank employees for their hard work and dedication, one told his they should not “shy away from” working longer hours — and “blending work and life” now that the company is profitable again. “Winning requires hard work,” Wayfair founder Niraj Shah wrote to his employees in … Read more

Freeland approves RBC’s $13.5B takeover of HSBC Canada with conditions

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Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval was the last hurdle for the deal after the Competition Bureau approved it in September. The minister’s approval comes with conditions on RBC, including that … Read more

Textile sector distress damps wages, sparks worker exodus

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The challenges over the past year at India’s textile and apparel sector, the country’s second-largest employer with almost 45 million direct jobs, have exposed the vulnerabilities of its workers and the fragile ecosystem they operate in. The slowdown in the sector has kept wages flat, deprived workers of traditional incentives, pushing arguably lakhs of them … Read more

U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

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For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year. Those envisioned rate cuts — which wouldn’t likely begin until the second half of 2024 — suggest officials think high borrowing rates … Read more