Is AI video enough to keep Nvidia growing?

How big can Nvidia get? Not only did Nvidia have another record-setting quarter, it expects revenue to keep climbing. Even though big tech companies are stocked up on its AI chips, CEO Jensen Huang believes orders are going to keep coming in as companies develop models for things like video.

LockBit keeps attacking Canadian companies

Whether you run a drugstore chain or mow lawns, the world’s most prolific ransomware group has its eyes on you.

The RCMP struggles to go electric

Turns out, converting North America's largest fleet of police cars into electric vehicles is easier said than done. Who could have guessed? 

Driving the news: The RCMP is currently field-testing two Teslas — one on B.C.’s West Shore and the other on the grounds at Rideau Hall in Ottawa — as the national police service tries to replace as many of its ~12,000 vehicles as possible with zero-emissions options by 2035.

Shein and Temu imports are overwhelming

Online bargain bin giants like Shein and Temu have benefitted from long-standing tax breaks forgoing duties on foreign packages under a certain price threshold, but that might soon end. 

What happened: Germany has backed a proposal that would end an EU tax exemption for parcels under €150 entering Europe from foreign countries.

Cheaper WestJet fares, no carry-on included

Air travel is starting to feel more and more like building a Chipotle bowl: If you want the good stuff, it’s going to cost you. 

What happened: WestJet is the latest airline to lean into unbundling airfares, a pricing model that keeps base fares low for budget customers but offers customizable (and pricey) add-ons, like seat selection, checked bags, and meals for those looking to pay a li’l more.  

Companies are wooing entry-level job seekers

Employers are pulling out all the stops to appeal to entry-level job seekers.

Why are more people spending their dollars at small grocers?

As many Canadians boycott Loblaw-owned stores for the month of May, more people are spending their cash at alternative grocery options.

Working from home is fuelling your shopping addiction

People are spending a lot of money shopping online, and the peak retail therapy hours happen to be during working hours.

Alberta’s got a firefighter problem

As Alberta braces for another wildfire season, alarm bells are ringing about the crew being sent out to fight them. 

Driving the news: The province is struggling to retain its seasonal firefighters, a problem that has left largely inexperienced crews fighting increasingly frequent and intense wildfires. 

The next big investing trend is “low risk”

You know what they say on Bay Street: If you can’t meet expectations, just lower ’em. 

Driving the news: The Canada Pension Plan Investment Board (CPPIB), which invests money on behalf of Canadians who contribute to the Canada Pension Plan (CPP), reported an 8% annual return last year, but still fell nearly 12 percentage points short of its benchmark. 

Is Lululemon stretched too thin?

What do 13-year-old girls, finance bros, and Team Canada have in common? You can find them all decked out in Lululemon… in schoolyards, by water coolers, and at the Olympics. 

But in the last year, the seemingly unstoppable Canadian athleisure brand hit a hard patch, from slowing sales to inventory problems to an investigation into greenwashing claims. Just this week, the company said its chief product officer was leaving, sending shares down ~7%. 

DMs

An HIV vaccine may be within reach

The problem: HIV mutates faster than the immune system can make antibodies to fight it. That’s one reason it has been so hard to develop a vaccine — the version of the virus someone is protected from would be totally different from the one they may be infected with.

The booming business of death tech

Death and taxes are the only two certainties in life, and now you can make sure you’re ready for both from your phone.

Boeing sets up shop in Montréal facility

Québec’s new aerospace hub just locked in a pretty big-name tenant.

Driving the news: Boeing is contributing $240 million to a new aerospace innovation zone in the Montréal area, a hub where it will also become the anchor tenant. The investment will support multiple projects, including electric flying prototypes and advanced landing gear.

Ontario’s booze feud

A multimillion-dollar dispute between the Liquor Control Board of Ontario and… well, liquor, might complicate your summer patio plans. 

Driving the news: An industry group representing summer cocktail fixtures like Crown Royal, Bacardi, and Aperol says some products could be pulled from Ontario liquor store shelves as its brands face over $100 million in fines from the province’s alcohol retailer. 

Canadians are juggling a double-shift

More Canadians are finding themselves caught in the “sandwiched” generation, balancing care for both elderly parents and their own children.

Is that second degree worth it?

If you’re thinking of getting another degree, make sure to weigh the costs against the benefits.

Is financial therapy the solution to all your problems?

Financial therapy can help address emotional blocks to financial well-being. But is it worth it?

Weight loss shot hits the market for $199

Weight-loss drugs may not just be for the rich, famous, or generously-insured for much longer. 

What happened: Hims & Hers, a U.S. online pharmacy, will sell an injectable weight loss drug that uses semaglutide, the same active ingredient as Ozempic and Wegovy.