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Canadians have record-high mortgage debt. What happens when rates rise?

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New mortgage debt surged by the biggest amount on record in the spring of 2021. But with prices continuing to defy expectations, policy-makers and economists are left wondering: Where does it end?

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‘You will never be a CEO’

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‘You will never be a CEO’

After time spent in Silicon Valley, Gillian Tee founded her first company in New York at the tender age of 28. She eventually returned home to Singapore and started Homage, a business to match healthcare workers with seniors and their families who need help. But Ms Tee says it’s not always been an easy journey to the top as a woman CEO in industries dominated by men in senior management.Produced and edited by Derek Cai and Fahmi Jamal.

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Canadian Labour Day, Established 1894

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Canadian Labour Day, Established 1894

Labour Day, the first Monday in September, has been a statutory holiday in Canada since 1894. It originated in the first workers’ rallies of the Victorian era. Historically, workers marked the day with various activities. These included parades, speeches, games, amateur competitions and picnics. The holiday promoted working-class solidarity and belonging during a time of […]

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US adds just 235,000 jobs in August as Delta variant spreads

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US unemployment and employment data US adds just 235,000 jobs in August as Delta variant spreads Unemployment rate declines by 0.2 percentage points to 5.2% from 5.4% in July as employers cut back hiring plans Edward Helmore Fri 3 Sep 2021 11.49 EDT Last modified on Fri 3 Sep 2021 12.07 EDT The US economy […]

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#AppleToo: employees organize and allege harassment and discrimination

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Apple #AppleToo: employees organize and allege harassment and discrimination Group of workers launched campaign to gather and share experiences of inequity, intimidation and abuse at company Dani Anguiano @dani_anguiano Fri 3 Sep 2021 08.56 EDT Last modified on Fri 3 Sep 2021 11.16 EDT A group of Apple workers is organizing to fight against what […]

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U.S. added just 235,000 jobs last month, well short of expectations

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America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.

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B.C.-based Chinese currency exchange implodes amid tangle of lawsuits and failed transfers

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A Lower Mainland business accused of helping customers skirt Chinese currency restrictions appears to have imploded amid a tangle of lawsuits claiming debts in the millions.

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Worker shortage will lead to UK food price rises, industry warns

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Worker shortage will lead to UK food price rises, industry warns Wholesale firms have been trying to mitigate rising costs ‘but will not be able to continue absorbing them’ Joanna Partridge — Fri 3 Sep 2021 04.41 EDT — The UK’s wholesale food industry is warning that it cannot protect consumers from price rises forever, […]

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Despite a 4th wave, Canada will welcome fully vaccinated foreign travellers on Tuesday

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On Sept. 7, Canada will open its borders to fully vaccinated travellers from across the globe, and let them to skip the country’s 14-day quarantine requirement.

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China’s Alibaba to invest billions by 2025 for ‘common prosperity’

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China’s Alibaba to invest billions by 2025 for ‘common prosperity’ Move comes on back of Beijing encouraging firms to share wealth as part of a drive to ease inequality China’s Alibaba Group will invest 100bn yuan ($15.5bn) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge support for […]

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