Mark Zuckerberg says ‘sorry’ after Meta cuts over 11,000 jobs

Layoffs targeted at recruiting and business teams Author of the article: Bloomberg News Kurt Wagner Publishing date: Nov 09, 2022  •  7 hours ago  •  4 minute read  •  13 Comments Mark Zuckerberg at a U.S. Senate Judiciary and Commerce committee hearing in 2018. Photo by Chip Somodevilla/Getty Images files Meta Platforms Inc. Chief Executive Officer… Continue reading Mark Zuckerberg says ‘sorry’ after Meta cuts over 11,000 jobs

Canada’s coming immigration boom will be biggest in 60 years

Episode 175 of Down to Business podcast Publishing date: Nov 09, 2022  •  4 hours ago  •  1 minute read  •  21 Comments New Canadians take their oath during a special citizenship ceremony held in Ottawa ahead of a hockey game between the Ottawa Senators and the visiting Calgary Flames. Canada recently announced it would raise… Continue reading Canada’s coming immigration boom will be biggest in 60 years

Avoid these five mistakes when estate planning to preserve family peace

Some decisions can lead to terrible family rifts that never mend Leaving a family cottage to your children to share can create a lot of unintended tension after you are gone. Photo by Sun Media Family feuds get ratings. Just look at Prince Harry and Meghan Markle. Advertisement 2 This advertisement has not loaded yet,… Continue reading Avoid these five mistakes when estate planning to preserve family peace

Smart money watch: Big hedge funds shop for bargains in corporate debt markets

‘We are seeing some of the most lucrative investing opportunities in structured credit since the COVID-19 crisis’ Author of the article: Financial Times Laurence Fletcher in London Daniel Loeb, billionaire and chief executive officer of Third Point LLC. Photo by Simon Dawson/Bloomberg files Big-name hedge funds are snapping up bargains in junk bonds and other… Continue reading Smart money watch: Big hedge funds shop for bargains in corporate debt markets

Peter Hall: Why so many forecasters were dead wrong on inflation

Lessons learned might be helpful in unwinding of ultra-low interest rates The world is still in shock over inflation’s rise, writes Peter Hall. Photo by Darryl Dyck/The Canadian Press Is forecasting a lost art? Prominent pundits go further than this, suggesting it’s a lost science, that the models are broken. Expressions like, “It’s different this… Continue reading Peter Hall: Why so many forecasters were dead wrong on inflation

William Watson: Chrystia Freeland blows her fiscal windfall on wine and cheese

Medieval may be in vogue these days but why we have a national policy to promote the drinking of mead is a head-scratcher Finance Minister Chrystia Freeland. Photo by Blair Gable/Reuters The part of the federal government’s fall fiscal update I liked best — apart from the bits about mead and cider (more on that… Continue reading William Watson: Chrystia Freeland blows her fiscal windfall on wine and cheese

Joe Oliver: Emergencies Act inquiry shows we can’t be selective on civil liberties

Trudeau’s unjustified suspension of civil liberties has tainted his moral authority to govern Publishing date: Nov 08, 2022  •  9 hours ago  •  3 minute read  •  44 Comments Prime Minister Justin Trudeau. Photo by Shannon VanRaes/Reuters The Rouleau Commission has now heard sworn testimony that the Freedom Convoy was not foreign funded and did not… Continue reading Joe Oliver: Emergencies Act inquiry shows we can’t be selective on civil liberties

Canada’s shrinking deficit — and it what means for the future

Watch Deloitte’s Trevin Stratton on the federal government’s fall economic update The federal government projects the deficit will shrink to $36.4 billion in fiscal 2022-2023 and become a $4.5-billion surplus by fiscal 2027-2028. Photo by Postmedia Trevin Stratton, Americas economics leader for Deloitte, takes us through the federal government’s fall economic update which projects the… Continue reading Canada’s shrinking deficit — and it what means for the future