Markets hang onto their caps

It’s been a rough week for markets as we wait for a vibe check on the economy coming out of the Federal Reserve’s annual policy symposium, kicking off in Jackson Hole today.

The social media copycat strikes again

After garnering flack earlier this year for trying too hard to be TikTok, Instagram has now set its sights on wanting to be exactly like BeReal, another popular app amongst the Gen Zs.  

Trouble in the eurozone

It’s not all gelato and smiles in Europe these days…. economists and business leaders worry that slowdowns in the region’s leading economies could send the eurozone into a recession. 

Self-driving cars take the full blame

As fully-self driving cars start to creep up in the rearview mirror, a vital question still needs to be answered: Who is at fault in the event of an accident? 

Germany explores Canadian energy

Germany’s chancellor Olaf Scholz has touched down in Canada and is ready to make an energy deal that absolutely does not include Russia. 

The mega-merger hitting the book scene

Because arts graduates already didn’t have it hard enough, a proposed merger between publishers may spell trouble for up-and-coming Canadian authors. 

You may not be the only one looking at your screen when you're on TikTok

Using the web browser in TikTok? You may want to think twice about entering any sensitive information in there, because the app can track everything you type (including credit card numbers and passwords), according to new security research

Why it matters: The findings will likely add to growing concerns that TikTok, which is owned by China-based ByteDance, poses a security risk to Western states. 

Another way to save for a home is on the way

RRSPs and TFSAs better move over, because there’s a new registered savings account in town: it’s the Tax-Free First Home Savings Account (FHSA) and everyone’s talking about it. 

Driving the news: New details about the design of the FHSA released by The Department of Finance show it will work like a souped-up TFSA or RRSP, combining some of the advantages of each.

Sorry, we don’t cover cyberattacks

First, it was everyday flight cancellations. Now, insurers won’t cover cyberattacks.

Canada’s new crypto regulations

Canada’s top financial regulator has introduced its first-ever framework to limit the exposure of federally regulated financial institutions, like banks and insurers, to crypto assets (nice!). 

Bed Bath & We’re Done

And just like that, 📈nother meme stock craze has come and gone.

VC funding dials down

After a high ride throughout the pandemic, venture capital (VC) funding for Canadian companies has finally come down to Earth

No house, no payments

Don’t get any ideas, but homeowners in China are boycotting their mortgage payments. 

High natural gas prices? Where?

The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue). 

Unions want more money

Last month, Bank of Canada (BoC) Governor Tiff “T-Mack” Macklem pissed off quite a few people after telling business leaders to avoid adjusting wages to keep up with inflation.

Airbnb’s new party-pooping technology

Airbnb is introducing a new weapon in its war against fun by rolling out “anti-party technology” across Canada and the US. 

Zellers gets back to business

Almost a decade after Zellers left suburban malls across the country sitting empty, Hudson’s Bay Company (HBC) is looking to launch its Canadian discount chain back into relevance.

Canada looks to cash in on critical minerals

A lowkey provision of the recent US landmark climate bill could be a highkey win for Canada. 

Lab-grown diamonds are shining

Pandora, the world’s largest jewelry maker, is launching its first collection featuring lab-grown diamonds in Canada and the US, available later this month.