Report on Business - The Globe and Mail

housing

Inside the crisis facing Canada’s dysfunctional housing market

From any angle you look at it, Canada’s housing market is badly broken. The problems can seem staggering, but solutions exist – even if relief is likely a long way off

The little guy scraping a down payment together is a fading presence in the housing market

Small businesses

Small businesses rely on Google for customers, but struggle to reach the tech giant in their moment of need

Stuck in a frustrating maze of drop-down menus and e-mail forms, some entrepreneurs say a lack of available, person-to-person customer support from the Big Tech platform sets them back in competitive online markets

Summer hours are a perk small businesses can offer to workers to boost morale

airlines

WestJet calls on government for ‘urgent clarity’ around strike after 800 flights cancelled

The vast majority of Sunday’s trips were called off as WestJet pared down its 180-plane fleet to 32 active aircraft and topped the global list for cancellations among major airlines over the weekend

Boeing announces purchase of Spirit AeroSystems for US$4.7-billion in stock

regulation

What is Chevron deference and why did the U.S. Supreme Court overturn it?

The 40-year-old legal doctrine had been sharply criticized by businesses

Wall Street’s top regulator could face worsening battle in wake of Supreme Court ruling

economy

Canadian economy expanded 0.3% in April; another gain seen in May

The expansion comes as growth rebounded in sectors including wholesale trade and manufacturing

U.S. Federal Reserve gets encouraging inflation data, but slow road still ahead

I fear my daughters will see no economic future in Canada

Today’s highlights

WestJet’s mechanics union ends strike after reaching deal with carrier

French voters propel far-right National Rally to strong lead in first-round legislative elections

The new airline rivalries emerge as competition shifts in Canada’s transforming air travel market

South Korea’s SK Hynix to invest US$75-billion by 2028 in AI, chips

U.S. Justice Department to criminally charge Boeing, seek guilty plea, sources say

BIS sends government debt warning before important elections

Creators urge Ottawa to force disclosure of ‘black box’ AI system training

WestJet cancels more flights after failing to reach agreement with union

report on business

Inflation surprisingly rises, CRA announces legal action and Canada’s dysfunctional housing market: Must-read business and investing stories

Opinion

Record labels are suing artificial-intelligence companies. Here’s why that’s important

Astronauts are stuck in space now. Why? NASA chose Boeing

France, not Italy, emerges as the next potential debt crisis hotspot as Macron’s French centrists face election drubbing

What next for Britain and its ailing economy?

Corus Entertainment’s woes foretell a dark future for Canadian content

Personal Finance

financial facelift

Do Larry and Brandy, 64, need to sell their home or cottage to afford retirement?

Family gifts helping young homebuyers, the Home of the Week and more top real estate stories

Why did shares of EV maker Rivian jump this week? Take our business and investing news quiz

CRA announces legal action to recover COVID-19 benefit overpayments

carrick on money

Where would the housing market be without parents gifting kids money for down payments?

Sports viewing habits changing as Canadian fans look to save in growing streaming market

Unveiling the new Air Miles: Collectors have a reason to be excited again

This accountant quit his full-time job to pursue a writing career in his mid-50s

Interact with The Globe

Streetwise

MDA Space wins $1-billion contract to build Canadarm3 for NASA-led moon missions

Shares jumped after latest in string of triumphs for Canadian space vendor, including work on past Canadarm programs

Slate Office REIT defaults on debt, complicating the troubled property owner’s restructuring plans

Aimia, Aeroplan’s former owner, in fight with largest shareholder yet again

Out of options? Increasingly, companies find they have other ways to pay their CEOs

Pension fund BCI earns 7.5% annual return, hunts for deals as pressure mounts on sellers

Economy

Record labels are suing artificial-intelligence companies. Here’s why that’s important

Astronauts are stuck in space now. Why? NASA chose Boeing

What next for Britain and its ailing economy?

Financial services

Pension fund BCI earns 7.5% annual return, hunts for deals as pressure mounts on sellers

Slate Office REIT defaults on debt, complicating the troubled property owner’s restructuring plans

Canada’s bank regulator keeps capital buffer unchanged, cites elevated risks in financial sector

Globe Investor Quick Links

Energy and Resources

Oil eases on weak U.S. fuel demand, profit taking

U.S. Senate committee investigating 18 oil producers over alleged price collusion with OPEC

U.S. regulators approve Louisiana LNG project over climate objections

Technology

Apple to bring self-service repair program to Canada next year

Canada is a force in AI research. So why can’t the country commercialize it?

Apple supplier Foxconn rejects married women from jobs at iPhone assembly plant in India

International Business

Boeing announces purchase of Spirit AeroSystems for US$4.7-billion in stock

Nike shares sink as gloomy sales forecast fans growth concerns

More finance, policy ambition demanded at London climate week

ROB Magazine

Boston Pizza scales down in bid to expand into underserved markets

Even as the restaurant brand retains its core appeal, adaptability is a key part of its strategy, president Jordan Holm says

Specialty health care company Bioscript’s success comes from putting patients first

Editor’s Note: Family-controlled enterprises are the juggernauts of the Canadian business world

Download the June 2024 edition of Report on Business magazine

A debate is raging over Canadian pension plans’ domestic investments — and Caisse’s CEO is at the centre of it all

More business news

When facing tough ethical questions, there is no moral compass. The answer lies within

WestJet’s mechanics union ends strike after reaching deal with carrier

Boeing announces purchase of Spirit AeroSystems for US$4.7-billion in stock

Record labels are suing artificial-intelligence companies. Here’s why that’s important

South Korea’s SK Hynix to invest US$75-billion by 2028 in AI, chips

Small businesses rely on Google for customers, but struggle to reach the tech giant in their moment of need

U.S. Justice Department to criminally charge Boeing, seek guilty plea, sources say

The new airline rivalries emerge as competition shifts in Canada’s transforming air travel market

Video

Elon Musk withdraws lawsuit against OpenAIVideo1:17

Why Russia, China and big tech all use faux females to get clicksVideo1:28

Apple brings ChatGPT to iPhone in AI pushVideo1:24

Pizza chefs compete in dough acrobatics in ArgentinaVideo0:36

U.S. adds far more jobs than expected in MayVideo0:59

Honey hunters in Nepal face dwindling bee numbersVideo3:00

Samsung union in South Korea stages first walkoutVideo1:48

Johnson & Johnson ordered to pay US$260-million in latest talc trialVideo1:45

In case you missed it

Average down payment gift for first-time homebuyers soars into six digits: CIBC

EV rebates are nice. This is better

As rents soar, living near campus comes at an even higher premium for some students in Canada

How Canadian restaurants are making money by offering menu items for pets

Sections

Future of work

Meet the young people leaving Canada for an affordable life Podcast

Where is the land of opportunity? You are standing on it

With AI, workplace surveillance has ‘skyrocketed,’ leaving Canadian laws behind

Careers

Growing number of ‘unemployables’ frustrated by the job market

Learn how to respectfully disagree by being a seed planter not an opinion changer

Harvey Schachter

How to engage men in the gender equity conversation

Taxes

South Korea’s SK Hynix to invest US$75-billion by 2028 in AI, chips

U.S. Treasury finalizes new crypto tax reporting rules

Denmark to tax farmers for greenhouse gases emitted by their livestock beginning in 2030

Small business

Indigenous-owned online department store wants to do more than sell T-shirts

Reversing the ‘brain drain’: entrepreneurs find economic opportunities in Akwesasne

While waiting for land back, Pikwàkanagàn First Nation is opting to buy back

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