CEO Highlights Canada’s Cutthroat Grocery Retail Landscape Amid Inflation Concerns
Sobeys’ CEO, Michael Medline, addressed the House of Commons agriculture committee, emphasizing Canada’s competitive grocery retail sector amidst concerns about rising prices. Medline highlighted that while food inflation in Canada…
Spotify Announces 17% Workforce Reduction in Latest Round of Layoffs
Spotify, the popular music streaming service, revealed its decision to cut 17% of its global workforce, marking the third round of layoffs within the same year. The move is part…
Fourth Consecutive Day of Oil Decline Amid OPEC+ Uncertainty and Risk-Averse Mood
Oil prices saw a continual decline, marking the fourth consecutive day of decrease, primarily attributed to the anticipation surrounding the postponed OPEC+ meeting and a cautious stance in global financial…
Heightened Mortgage Renewal Pressure Spells Potential Credit Losses for Canada’s Major Banks
The upcoming fourth-quarter earnings for Canada’s major banks, set to be unveiled on November 28, are poised to draw significant attention to credit losses and cost management. As households and…