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Star Business

@StarBusiness

Local and global coverage of real estate, tech, markets and the economy. Get your business news and analysis by email: https://nitter.cf/t.co/wMw0aobbwG

 1 Yonge St., Toronto, Canada
thestar.com/business
Joined February 2009
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Tip of the iceberg? Experts warn plunge in Canadian Tire profits point to economic storm ahead trib.al/Md4J82O
Tip of the iceberg? Experts warn plunge in Canadian Tire profits point to economic storm ahead

Tip of the iceberg? Experts warn plunge in Canadian Tire profits point to economic storm ahead

High interest rates, mass layoffs and recent decline in retail spending point to troubles ahead, according to economic insiders.

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A decision on Air Canada's liability for what its chatbot said is a reminder of how companies need to be cautious when relying on artificial intelligence, experts say. trib.al/3abubUU
Air Canada chatbot decision a reminder of company liability: experts

Air Canada chatbot decision a reminder of company liability: experts

TORONTO - A decision on Air Canada's liability for what its chatbot said is a reminder of how companies need to be cautious when relying on artificial intelligence, experts say.

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Greater Toronto home prices dropped 1.2 per cent in January but sales pick up trib.al/sKrVAGi
Canadian home sales spike for a second month amid falling prices

Canadian home sales spike for a second month amid falling prices

Canadian Real Estate Association reports 6,426 homes sold across the GTA in January, up from 5,861 in December.

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Discount carriers Flair Airlines and Lynx Air in merger talks, industry insiders say trib.al/FlsdHjK
Discount carriers Flair Airlines and Lynx Air in merger talks, industry insiders say

Discount carriers Flair Airlines and Lynx Air in merger talks, industry insiders say

Industry publication The Airline Observer reports the two companies were in “advanced” talks about a deal that would see Flair take over Lynx.

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Longtime St. Lawrence market shops are closing. Vendors fear its future is at risk. Are tourists to blame? trib.al/dXOBBFP

Longtime St. Lawrence Market shops are closing. Vendors fear its future is at risk. Are tourists to...

Vendors say extended hours have attracted more tourists — but tourists tend to watch the action rather than loading up on meat, fish and produce. "This is a market, not

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Why $7 million for a Super Bowl ad makes perfect sense to advertisers — especially this year trib.al/iv8mAvH

Why $7 million for a Super Bowl ad makes perfect sense to advertisers — especially this year

In a cord-cutting universe, the Super Bowl remains the last massive live draw for advertisers — and the consumers who seek out the ads.

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Toronto's real estate board is predicting a boost to sales in 2024 — but numbers will still echo downturn years trib.al/YhO3ymo
Toronto’s real estate board is predicting a boost to sales in 2024 — but numbers will still echo...

Toronto’s real estate board is predicting a boost to sales in 2024 — but numbers will still echo...

'This will be the start of a multi-year recovery,' says the real estate board's chief market analyst.

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Bell Canada slashing 4,800 jobs, selling 45 radio stations trib.al/Hbqzd4v

Bell Canada slashes 4,800 jobs ‘at all levels,’ closing more than 100 The Source stores

Thursday’s announcement came as the company announced quarterly earnings fell to $382 million from $528 million a year earlier.

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High cost of living forces majority of Ontarians to put necessities before retirement savings trib.al/pDgLgAg
High cost of living forces majority of Ontarians to put necessities before retirement savings

High cost of living forces majority of Ontarians to put necessities before retirement savings

Financial Services Regulatory Authority of Ontario poll finds 81% of residents are more concerned about necessities like food, mortgages and rent than saving for retirement.

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Business insolvencies spike by 41% in two years as pandemic aid fades — experts say it’s just the ‘tip of the iceberg’ trib.al/BbLrOwk
Business insolvencies spike by 41% in two years as pandemic aid fades — experts say it’s just the...

Business insolvencies spike by 41% in two years as pandemic aid fades — experts say it’s just the...

A total of 4,810 Canadian businesses filed for insolvency in 2023, the highest level in 13 years

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Toronto's real estate market roars back to life, ending short-lived buyers' market trib.al/am6THAz
Toronto’s real estate market roars back to life, ending short-lived buyers’ market

Toronto’s real estate market roars back to life, ending short-lived buyers’ market

Data from Toronto's real estate board shows home sales surging in January by 37 per cent compared to the same time last year.

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Bidding wars are making a comeback as homebuyers try to beat interest rate cuts trib.al/c567U8y
Bidding wars are making a comeback as homebuyers try to beat interest rate cuts

Bidding wars are making a comeback as homebuyers try to beat interest rate cuts

Toronto buyers fearing rising prices and sellers sitting on the sidelines have created a "perfect storm" for bidding wars, realtors say.

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America's next election will be a referendum on the future of Ukraine trib.al/YRdwiOy
America’s next election will be a referendum on the future of Ukraine

America’s next election will be a referendum on the future of Ukraine

Nikki Haley's tacit admission that Republican voters just don’t want to hear anymore about supporting Ukraine leads to a stark decision on the country's fate.

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Toronto's hard-hit hospitality industry gets an assist from NHL All-Star weekend. But is it a big economic win? trib.al/Ve3NUZQ
Toronto’s hard-hit hospitality industry gets an assist from NHL All-Star weekend. But is it a big...

Toronto’s hard-hit hospitality industry gets an assist from NHL All-Star weekend. But is it a big...

Destination Toronto estimates the All-Star weekend will add $54M to the city's economy, but some economists says it's more likely a case of 'spending on one thing and not another.'

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Riskier mortgages make up more than 20 per cent of most big bank portfolios — with expert warning 'we're close to the tipping point' trib.al/zyBlSET
Riskier mortgages make up more than 20 per cent of most big bank portfolios — with expert warning...

Riskier mortgages make up more than 20 per cent of most big bank portfolios — with expert warning...

Fixed-payment variable rate mortgages are becoming increasingly of concern to Canada's regulator.

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Hackers hit Toronto-based gold miner Alamos Gold — payroll, financials, home addresses published online trib.al/ZMGGs11
Hackers hit Toronto-based gold miner Alamos Gold — payroll, financials, SINs, home addresses...

Hackers hit Toronto-based gold miner Alamos Gold — payroll, financials, SINs, home addresses...

Attack on Alamos Gold carried out by ransomware group Black Basta, expert says, the same group blamed for attacks on Sobeys, the Toronto Public Library and Yellow Pages Canada.

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Leon's Furniture plans new 4,000-home development on site near hwy. 401 trib.al/UNU8V1z
Leon’s Furniture plans new 4,000-home development on site near Hwy. 401

Leon’s Furniture plans new 4,000-home development on site near Hwy. 401

The furniture and home appliance retailer announced Monday it is planning a 4,000-home development on a 40-acre parcel of land near Highways 401 and 400.

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Toronto's 'excessive' document requirements for reno permits could be hurting housing supply, report suggests trib.al/XNnp87C
Toronto’s ‘excessive’ document requirements for reno permits could be hurting housing supply,...

Toronto’s ‘excessive’ document requirements for reno permits could be hurting housing supply,...

Building secondary units in existing homes can play a role in addressing the housing shortage but red tape is getting in the way, a report says.

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Pride Toronto to pay back more than $505K to federal government for misuse of grant money trib.al/F5dTWPf
Pride Toronto to pay back more than $505,000 to federal government for misuse of grant money

Pride Toronto to pay back more than $505,000 to federal government for misuse of grant money

Executive Director Kojo Modeste told the Star the organization has put in checks and balances to hold themselves accountable.

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Buyers at the gate: House prices are expected to rise this year. Will buyers flood in when the rate cuts come? trib.al/ALpPxT9
Buyers at the gate: House prices are expected to rise this year. Will buyers flood in when the rate...

Buyers at the gate: House prices are expected to rise this year. Will buyers flood in when the rate...

Experts surveyed say rate cuts are likely to occur this spring or summer, leading to homebuyer fears that the move could send home prices soaring.

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