Canada's annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Statistics Canada said on Wednesday.…
Category: Business
Shopify unveils new tools, Twitter tie-up to beat e-commerce slowdown
Shopify Inc (SHOP.TO), has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter…
IKEA stores owner Ingka hopeful of return to Russia one day
IKEA stores owner Ingka Group said on Wednesday in response to speculation that it might resume sales in Russia that it was open to returning one day but the conditions…
Umicore plan to double down on battery business knocks almost $1 bln off market cap
Belgium's Umicore (UMI.BR) on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical…
U.S. tech companies yank job offers, leaving college grads scrambling
One by one, over the last week of May, Twitter Inc (TWTR.N) rang up some members of its incoming class of new hires who had recently graduated from college and…
Juul e-cigarettes to be ordered off U.S. shelves – WSJ
The U.S. Food and Drug Administration is preparing to order Juul Labs Inc to take its e-cigarettes off the market in the United States, the Wall Street Journal reported on…
Canada inflation up near 40-year high; calls mount for 75-bps rate hike
Canadian consumer prices increased in May at rates not seen since January 1983, ahead of analyst forecasts, driven by pricey gasoline, official data showed on Wednesday, upping pressure on the…