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1 week ago | 
globalnews.ca | Ari Rabinovitch
Montreal-based retailer Frank and Oak says it plans to close the majority of its stores across Canada by May 7 as it seeks to find a buyer. The move follows a December 2024 legal process where Frank and Oak filed a notice of intention to restructure and avoid bankruptcy. It is unclear how many employees could be impacted, but court documents show Frank and Oak has 150 workers, including at its headquarters and retail locations.
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1 week ago | 
globalnews.ca | Ari Rabinovitch
The tax deadline is just a few weeks away, and some Canadians who may have already filed with the Canada Revenue Agency are still wondering if their information went through. A technical issue with the agency’s website continues and is frustrating many, with users reporting they can’t see important documents on their profiles like their T4 slips.
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1 week ago | 
globalnews.ca | Ari Rabinovitch
As stock markets and commodities like oil ride a trade war roller coaster, the Canadian dollar has been inching back up after a dip and hitting as high as 71 near the end of the trading day on Wednesday. Can it last? The Canadian dollar has been reacting to the dips and shocks of the stock market chaos brought on by U.S. President Donald Trump’s trade war. World shares slumped on Wednesday after Trump’s latest tariff hikes took effect, and he threatened to add still more.
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1 week ago | 
globalnews.ca | Ari Rabinovitch
Many Canadians have likely noticed that the cost to fill up their vehicles has come down over recent weeks. At the same time, Reuters reported that CEOs of Canadian oil and gas producers said on Tuesday they are seeking to avoid making abrupt decisions as global oil prices hover around four-year lows and recession fears grow. There are a few possible reasons for these price declines, some specifically for Canadians, along with factors affecting drivers and consumers globally.
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2 weeks ago | 
globalnews.ca | Ari Rabinovitch
The trade war brought on by U.S. President Donald Trump's tariffs has sent a ripple effect across the globe, leading to economic volatility and a lot of red on markets. Within the past several months, and especially the last week, stock markets have erased trillions of dollars in value.
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2 weeks ago | 
msn.com | Ari Rabinovitch
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2 weeks ago | 
globalnews.ca | Ari Rabinovitch
Canada's labour force showed signs of slowing in March, marking the first decline since January 2022 as employers pivot to face economic headwinds. This includes and is not limited to tariffs and other measures brought on by U.S. President Donald Trump's broader trade war. Statistics Canada reported a net loss of 33,000 jobs for March, or about 0.2 per cent, and the overall unemployment rate increased by 0.1 per cent to 6.7 per cent.
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Nov 29, 2024 | 
usaherald.com | Tova Cohen |Ari Rabinovitch
By Tova Cohen and Ari RabinovitchJERUSALEM (Reuters) – U.S. chipmaker Intel <INTC.O> agreed to buy driverless car-technology firm Mobileye <MBLY.N> for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones. The $63.54-per-share cash deal marks the largest purchase of a company solely focused on the self-driving sector.
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Nov 18, 2024 | 
canberratimes.com.au | Riham Alkousaa |Ari Rabinovitch
Israel has intensified its bombardment in and around Lebanese capital Beirut over the last week. Photo: AP PHOTOAn Israeli airstrike has killed five people in central Beirut, Lebanon's health ministry says, the second day in a row Israel has hit a target within the capital as it presses its campaign against Iran-backed armed group Hezbollah. Subscribe now for unlimited access.
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Nov 18, 2024 | 
jp.reuters.com | Riham Alkousaa |Ari Rabinovitch
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