58 h. ago Toronto businesses anticipate having to cut staff and freeze hiring due to tariffs

As much as we may want to avoid the subject, tariff talk continues to dominate the news cycle, with residents understandably confused about what's being taxed, from where, when, and how much — details that have changed multiple times at the whim of U.S. President Trump.As the levies persist, some cities will see greater impacts than others, as will some industries, though hardly any corner of the economy is immune. At a local level, the City of Toronto has launched an action plan that includes deferring industrial property taxes and a campaign urging residents to shop within their community rather than supporting American brands.Still, independent businesses are staring down the barrel of higher operating costs, logistical tribulations and more that, many say, will lead to even fewer jobs being available in the city when unemployment has risen to a brutal 8.7 per cent.Out of more than 500 small businesses that expressed their fears on th...

Economics

7 d. ago Plan to avert TransLink cuts includes fare and tax hikes, new provincial cash

TransLink is facing an annual $600 million operating deficit starting in 2026, which it has warned could lead to massive cuts in bus, SkyTrain and SeaBus service if not resolved. 

Economics

8 d. ago Microsoft says it’s ‘slowing or pausing’ some AI data center projects, including $1B plan for Ohio

AP Technology Writer (AP) — Microsoft said it is “slowing or pausing” some of its data center construction, including a $1 billion project in Ohio, the latest sign that the demand for artificial intelligence technology that drove a massive infrastructure expansion might not need quite as many powerful computers as expected. The tech giant confirmed […]

Economics

1 week ago Meta Plans Nearly $1 Billion Data Center Project in Wisconsin

Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure.

Economics

1 week ago Rogers reveals buyer, structure of $7B deal for stake in its network infrastructure

Rogers Communications Inc. has revealed that a group led by U.S. investment management company Blackstone Inc. is the buyer in its proposed $7 billion sale of a minority stake in a portion of its wireless network infrastructure. The transaction, which Rogers originally announced in October, also includes investors such as the Canada Pension Plan Investment […]

Economics

2 w. ago Trump’s tariff plan includes a ‘fallback’ in case fentanyl justification falters

The U.S. administration may opt to reduce tariffs on Canada to the 12% level

Economics

4 w. ago Canadian telecom's customers complain of missing unlimited data

Freedom Mobile customers who picked up the recent $19/1GB promo plan have found it doesn’t include unlimited data as advertised.The $19/1GB promo plan, which ended March 17, offered 1GB of 5G+ data with "unlimited data at reduced speeds thereafter," a common feature of mobile plans these days.However, several customers took to Reddit and RedFlagDeals (RFD) to share their discovery that after getting the $19 plan and using the 1GB, their data turned off instead of switching over to the slower speed.Customers submitted complaints to Freedom. Some said that customer service representatives they spoke with claimed the carrier was aware of the issue and working on a fix. Others report reps being confused by the issue, with some even confirming that the plan should have unlimited data.Some even submitted complaints to the Commission for Complaints for Telecom-television Services (CCTS) over the issue.Freedom Mobile has not yet responded t...

Economics

last month Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

Purdue Pharma asked a bankruptcy judge late Tuesday to consider the latest version of its plan to settle thousands of lawsuits over the toll of the powerful prescription painkiller OxyContin, a deal that would have members of the Sackler family who own the company pay up to $7 billion. The filing is a milestone in […]

Economics