Young Canadians are not OK

Money can’t buy happiness. But enough of it can buy you a home, which we’re slowly learning is pretty much the same thing. 

What happened: This year’s rankings of the world’s happiest countries revealed that while Canada is still one of the happiest in the world — ranking 15th overall — the happiness gap between younger and older populations is the widest seen in every country on the list.

Reddit’s IPO was a success. Now what?

Before we get too far into it, let’s answer a burning question: Yes, someone dressed as Reddit’s alien mascot rang the NYSE’s opening bell on Thursday.

Explain It Like I'm Five: Retail media

What is retail media?

It’s when retailers use their customers’ purchase data to target ads across the internet. If you buy peanut butter, your grocery store might start hitting you with peanut butter ads when you visit websites, social media platforms, and even while watching TV.

The GPT Store isn’t doing AI any favours

An app store that was meant to get more developers and users interested in AI might be doing just the opposite.

Temporary residents, long-term problems

When it comes to temporary residents in Canada, the government now feels that 2 million is company, but 2.5 million is a crowd.

What happened: For the first time, Canada will set a target for non-permanent residents (NPRs) as it looks to reduce the number of them in the country by 20% over three years. This means cutting the number of NPRs by 500,000, down from 6.2% of the population to 5.0%. 

Apple slapped with antitrust case

Apple just got thrown into a real-life game of Monopoly that it probably wants absolutely no part of. 

What happened: The U.S. Justice Department and 16 jurisdictions filed an antitrust lawsuit against Apple that alleges the tech giant uses its dominance in the smartphone market to deter and prevent iPhone users from accessing rival software, services, and devices. 

Provinces run up their deficits

This budget season, provinces are primed to rack up more debt than us during the holidays.

Driving the news: As the 2024-25 provincial budgets roll in, new research from the National Bank of Canada estimates that provinces facing deficits will be $130 billion in debt this fiscal year. That’s a 21.5% surge from the year before and, excluding 2020, the highest tally in at least a decade.

Election reform en route in Ottawa

Canadians who say they don’t have the time to vote could soon be left looking for a new excuse. 

What happened: The government has tabled an election reform bill that looks to increase voter turnout, an effort that is reportedly part of the supply-and-confidence agreement between the Liberal and NDP that has kept the Trudeau government in power.

Why the Kate Middleton conspiracies are so troubling

We tried to avoid this, we really did. But it’s gotten to the point that it can’t be ignored.

It’s time to talk about Kate Middleton.  

Driving the news: A recently published video showing Kate Middleton (or Catherine, Princess of Wales, if you’re fancy) and Prince William shopping has done little to dissuade conspiracy theorists that she is dead, ill, or otherwise indisposed and replaced by a double.

Realtors say bye-bye to big commissions

Did you hear that? It’s the sound of over a million real estate agents questioning their line of work.

What happened: Late last week, the U.S. National Association of Realtors settled an antitrust lawsuit alleging the trade group worked to artificially inflate sales commissions for years. Now, it will do away with its restrictive rules guaranteeing 6% commission for brokers.

Nvidia has more to show off than faster chips

Why putting AI on your phone is a big deal

The next phase of the AI boom may not be about what it can do, but where it runs.

Pet medicine could protect humans from ticks

The problem: Nature-loving Canadians have to be extra diligent about their post-hike tick check thanks to climate change. Longer summers let more ticks survive and reproduce, mild winters mean tick season is starting earlier, and animals looking for new habitats are carrying ticks to more places. All of this adds up to higher rates of Lyme disease, for which there is no human vaccine.

Public healthcare vs. private nurses

Newfoundland and Labrador’s health authority has launched a pilot to cut back on one of its most expensive indulgences: Out-of-province travel nurses from private staffing firms. 

Driving the news: Union staff nurses at public health institutions can now take on extra work as temporary fill-ins in rural areas. While the nurses can only do this during their days off, they are rewarded with an overwhelming sense of goodwill… and an extra $25 an hour.

AstraZeneca scoops up Canadian cancer drug maker

One of Canada’s top biotech prospects has been called up to the big leagues. 

What happened: British pharma giant AstraZeneca is acquiring a promising Canadian biotech firm, Hamilton-based Fusion Pharmaceuticals, in a deal worth up to $3.26 billion

Unilever gives ice cream the cold shoulder

Like a vanilla cone on a scorching July day, Unilever’s faith in its ice cream biz is melting.

What happened: Gargantuan multinational Unilever plans to spin off (or if all else fails, sell) its ice cream business by the end of next year. With popular brands like Ben & Jerry’s, Breyers, and Magnum, the new entity would be the world’s largest ice cream company.

Apple is looking to Google for an AI teammate

Apple is all-in on bringing generative AI capabilities to its devices. To do this, it’s angling to get a little help from its friends (read: a lot of help from one of its staunchest competitors).  

What happened: Apple is reportedly in talks with its best frenemy Google to have the search behemoth’s Gemini AI engine built into the iPhone to power upcoming AI features.

Canada inks hydrogen pact with Germany

Canada is buddying up with its pilsner-drinking, schnitzel-eating ally to kick-start a new clean energy trade market. 

What happened: Canada and Germany agreed to help accelerate the creation of a global market for clean hydrogen gas — a low-emission energy source used to power industrial machines, heavy vehicles, and residential heating — and connect Atlantic Canada producers with EU buyers. 

LinkedIn wants to add games

Attention all you jobseekers and headhunters out there: Invest in a headset, a gaming chair, and a whole bunch of Mountain Dew Code Red — because LinkedIn is for gamers now. 

What happened: LinkedIn confirmed that it has begun working on games for the platform in a bid to get users to spend more time "networking." Per one app researcher, the games will have a system where companies are ranked by how well their employees do. 

Boeing woes likely leading to higher airfare

The odds that Boeing’s quality control issues will impact you directly — say, by a panel blowing off your plane mid-flight — are still low. The odds that they’ll impact you indirectly through pricier airfare, however, are quite high. 

Driving the news: Airlines are warning that they are facing delays for new planes from Boeing, which will reduce the number of routes they can fly and likely push up prices for flyers.