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Ford just reported a massive loss on every electric vehicle it sold

Ford’s electric vehicle unit reported that losses soared in the first quarter to US $1.3 billion, or US$132,000 for each of the 10,000 vehicles it sold in the first three months of the year.

Monthly earnings rise, payroll employment falls: jobs report

The number of vacant jobs in Canada increased in February, while monthly payroll employment decreased in food services, manufacturing, and retail trade, among other sectors.

Boeing’s financial woes continue, while families of crash victims urge U.S. to prosecute the company

Boeing said Wednesday that it lost US$355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.

New condo sales in the Toronto area hit low not seen since financial crisis

New condo sales in the Toronto region dropped to the lowest quarterly total since the financial crisis in 2009 amid high interest rates and affordability issues, a new report has found.

What is changing about Canada’s capital gains tax and how does it impact me?

The federal government’s proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here’s what you need to know about the move.

TikTok may be banned in the U.S. Here’s what happened when India did it

The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to U.S. President Biden for his signature. In India, the app was banned nearly four years ago.

Bank of Canada officials split on when to start cutting interest rates

Members of the Bank of Canada’s governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.

Microsoft and Amazon face scrutiny from U.K. competition watchdog over recent AI deals

British competition regulators said Wednesday they’ll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.

Ex-SNC executive sentenced to prison term in bridge bribery case

The RCMP says a former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal.

Competition bureau finds ‘substantial’ anti-competitive effects with proposed Bunge-Viterra merger

The proposed merger of agricultural giants Viterra and Bunge is raising competition concerns from the federal government.