CTV Business News

A pair of senior U.S. senators is urging the Biden administration to get tough with Canada for "flouting" obligations to its North American trade partners.

Shares of BuzzFeed Inc. extended gains to more than double in value on Thursday on reports the digital media firm was planning to use artificial intelligence to personalize and enhance its online quizzes and content.

More than 1,000 Canadians have been, or will be, affected by layoffs announced by Canadian and American companies so far this year.

Newspaper publisher Postmedia Network Corp. is laying off 11 per cent of its editorial staff, less than a week after workers were told the company was grappling with "economic contraction," sources tell The Canadian Press.

Music streaming service Spotify said Monday it's cutting 6 per cent of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.

The Bank of Canada will offer minutes from its policy-setting meeting this week for the first time in its history, a move some analysts say will help restore credibility lost last year amid soaring inflation and encourage out-of-the-box thinking.

U.S. federal prosecutors have seized nearly US$700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing.

Members of Canada's technology industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.

Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession.

Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of 'regular people' or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in December slowed five per cent compared with November.

More than 70 per cent of Canadian consumers and two thirds of business firms think a recession is likely in the next 12 months, according to Bank of Canada surveys.

Coinbase announced Tuesday that it was laying off 950 people, about 20 per cent of its staff. The job cuts come only a few months after another major round of layoffs.

Staying informed of consumer rights can make the difference between receiving compensation or not, one expert says, but access to accurate airline information can be laborious, and technical regulations make understanding passenger rights difficult.

The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday.

Statistics Canada will release its latest reading on the job market this morning.