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Business News

As AI becomes more human-like, experts warn users must think more critically about its responses

CBC Business News - Wed, 2024-05-15 01:00

Companies like OpenAI and Google are trying to dominate the quickly emerging market for AI systems where people can ask questions of a computer — and get answers in the style of a human. But experts warn this could mean users must be more careful to verify the accuracy of AI responses.

Categories: Business News

A 1st in Canada, $1.6B EV battery separator plant to open in Port Colborne, Ont., in 2027

CBC Business News - Tue, 2024-05-14 14:07

A small city nestled in southern Ontario's Niagara Region will be home to a new $1.6-billion electric vehicle battery plant. Politicians at the announcement on Tuesday didn't say how many jobs the plant will produce or who will get them.

Categories: Business News

TD, RBC data point to slowing household spending in Canada

Financial Post TopStories - Tue, 2024-05-14 13:42
Consumer spending has continued to show signs of weakness over the past two months
Categories: Business News

Loblaw boycott hits the halfway mark: Here are 5 things to know

Financial Post TopStories - Tue, 2024-05-14 12:37
Canadian grocery giant's investors appear largely unfazed as stock hits new high
Categories: Business News

Bank of Canada risks recession if it waits to cut interest rates: Rosenberg Research

Financial Post TopStories - Tue, 2024-05-14 09:47
Watch Dylan Smith on why the central bank should start cutting rates
Categories: Business News

Conservatives crush Trudeau at the money game, with the help from finance executives

Financial Post TopStories - Tue, 2024-05-14 08:43
Pierre Poilievre's party has raised $2.45 in donations for every $1 the Liberals have pulled in
Categories: Business News

Biden hikes tariffs on Chinese chips, critical minerals, EVs

Financial Post TopStories - Tue, 2024-05-14 07:50
The moves represent the U.S. president's most comprehensive update to the policy first imposed by his predecessor
Categories: Business News

Wholesale sales down 1.1% in March, Statistics Canada reports

Financial Post TopStories - Tue, 2024-05-14 07:01
The agency says the overall decline came as sales were down in three of the seven subsectors it tracks
Categories: Business News

U.S. raises tariffs significantly on EVs, other goods from China

CBC Business News - Tue, 2024-05-14 06:47

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies.

Categories: Business News

Frito Lay Canada recalls 2 of its most popular snacks for possible salmonella contamination

CBC Business News - Tue, 2024-05-14 05:42

Frito Lay Canada is recalling two of its most popular snacks due to a possible risk of salmonella contamination.

Categories: Business News

Posthaste: How Canada could have avoided the mortgage payment shock now ripping through the economy

Financial Post TopStories - Tue, 2024-05-14 05:02
Longer mortgages terms would have lessened the pain, says new report
Categories: Business News

Canadians think caring for aging parents limits career progression

Financial Post TopStories - Tue, 2024-05-14 05:00
Many also fear it will affect their ability to remain employed
Categories: Business News

OpenAI previews chatbot with real-time voice capabilities

CBC Business News - Tue, 2024-05-14 04:49

ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology.

Categories: Business News

Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds

Financial Post TopStories - Tue, 2024-05-14 03:00
Only 31% of Canadians in the highest-income group think the economy is moving in the right direction
Categories: Business News

'Roaring Kitty' returns, sending meme stocks like GameStop surging once again

CBC Business News - Mon, 2024-05-13 13:47

The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher on Monday.

Categories: Business News

Remembering Arthur Irving, a determined businessman and generous friend

Financial Post TopStories - Mon, 2024-05-13 12:27
Donald J. Savoie: Scion of New Brunswick's iconic Irving family went at everything with enthusiasm, no matter the issue
Categories: Business News

Luxury retailer Ted Baker begins store-closing liquidation sales

CBC Business News - Mon, 2024-05-13 11:33

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month.

Categories: Business News

RBC poised to outperform rivals thanks to HSBC deal, say analysts

Financial Post TopStories - Mon, 2024-05-13 11:13
Dividend increases among the big banks expected to be muted when earnings come out next week
Categories: Business News

Billionaire businessman Arthur Irving dead at 93

CBC Business News - Mon, 2024-05-13 10:20

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93.

Categories: Business News

Melinda French Gates steps down from charitable foundation that bears her name

CBC Business News - Mon, 2024-05-13 10:10

Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation, one of the largest private charitable organizations in the world.

Categories: Business News
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