The European Union levelled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion US for breaking the bloc's competition laws by unfairly favouring its own music streaming service over rivals. Apple muzzled app developers from telling users where they...
11 hours agoNewsDuration 4:14After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians are starting to ask: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its goals and what we know...
Business·NewThe Body Shop will close 33 of its Canadian stores and end online sales, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced.Company previously said Canadian stores would not be impacted by U.K. branch's woesCBC News · Posted: Mar 01, 2024 12:36 PM...
The first-time homebuyer incentive has been discontinued by the Canadian Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday.The deadline for new or resubmitted applications to the program is midnight ET on March 21, 2024, according to the CMHC's website.Launched in 2019, the...
Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup's original mission to develop artificial intelligence for the benefit of humanity and not for profit.The lawsuit filed late on Thursday in San Francisco puts the billionaire at loggerheads with...
After spending big in a pre-election budget 12 months ago, Alberta Premier Danielle Smith is now pulling a 180-degree turn to focus on saving as the theme of Thursday's budget, which was centred on penny-pinching and the need to stash away the province's oil and...
It comes as no surprise to some industry experts: Air Canada hiked its first checked-bag fee by $5 for economy-type fares this week, shortly after WestJet made the same move. "It's a business," said Karl Moore, an associate professor with McGill University's faculty of management. "You're...
Politics·NewThe federal privacy watchdog says the operator behind Pornhub and other pornographic sites broke the law by enabling intimate images to be shared on its websites without direct knowledge or consent.Inadequate privacy protections have led to devastating consequences, commissioner findsThe Canadian Press · Posted:...
Former talk show host Oprah Winfrey is leaving the WeightWatchers board of directors and donating millions of dollars in the weight management firm's stock to charity, the company said Thursday, sending its stock tumbling in early trading.The exit of the media icon and celebrity shareholder, who has...
The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.The increase in real gross domestic product (GDP) follows a decline in the...