TD scraps First Horizon deal worth billions

After weeks of speculation about the fate of a takeover deal that would make TD Bank the sixth-largest lender in America, the offer is officially off the table. 

Shopify lets go of its logistics dreams

Like our goal of reading 100 books, Shopify started the year with an unattainable dream that it’s now abandoned.

How to settle your bill with the CRA

Finding out you owe money at tax time can be a significant source of financial stress, but don’t fret. The Canada Revenue Agency (CRA) will work out a repayment plan with you—once they return to work. 

The banking sector is still uneasy

While bankers no doubt rejoiced after the US Federal Reserve signalled it would move to pause rate hikes, the sector is still full of more tension than the final season of Succession.  

Airbnb wants you to bunk with strangers again

These days, it’s easy to find yourself in the midst of planning your dream vacation only to *checks bank account* realize, you know what, a weekend camping trip is actually just fine. 

What to do with all those Bed Bath & Beyonds?

If you’ve been looking to gift that special someone a lightly used retail outlet, act fast: nearly half of the now-emptying 65 Bed Bath & Beyond stores in Canada have been snapped up.

Breakin’ up BlackBerry

Just in time for the movie about its dramatic rise and fall, BlackBerry is back in the news. 

The battle to buy the Ottawa Senators

It’s not every day an NHL team goes up for sale, so interest in buying the Sens is booming. 

Hollywood writers go on strike

The Writers Guild of America (WGA)—the union representing 11,500 scribes behind American film and TV—is on strike after failing to reach a new deal with the Alliance of Motion Picture and Television Producers, AKA, the suits that sign their cheques. 

The ‘Godfather of AI’ has some regrets

British-Canadian computer scientist and University of Toronto professor Geoffrey Hinton—known as one of the three “Godfathers of AI”—stepped down from his role at Google’s AI division so he could freely talk about the dangers AI currently poses. 

Celebrity partnerships? Not in this economy.

After realizing it couldn’t make a fashion line in partnership with freakin’ Beyonce marketable, Adidas is stepping back to reassess its entire business.

Strike ends for 120,000 federal workers

After 12 days of picketing, most striking federal government workers are back on the job.

Longer amortization periods are becoming the norm

Bigger mortgage payments have Canadians finding new and creative ways to continue making their monthly payments—even if it means they’re ultimately going to pay more.

Another US bank bites the dust

Another week, another mid-sized US bank is no more. 

Driving the news: US regulators seized First Republic Bank and sold it off to JPMorgan Chase in the wee hours of the morning today.

Big tech gains could hide stock risks

With the S&P 500 up 8% so far this year, your portfolio might be looking pretty good. But there are some serious risks lurking below the surface of the apparent stock rally. 

Driving the news: Last week’s surprisingly strong earnings for big tech amid gloomy economic data underscored a growing gap between winners and losers in the main US stock index. 

What to do this weekend

Our recommendations for what to eat, read, watch, and listen to this weekend.

Canada’s productivity problem

Canada used to have one of the most productive economies in the world, but now? Not so much. We have already fallen behind the average developed economy, and the OECD now expects Canada to have the lowest per-capita GDP growth of any member country. 

So what gives? A big part of the problem is our lagging productivity level. But what does that actually mean? 

Twitter users search for blue skies

Faced with a litany of annoying bugs and bewildering product changes, many Twitter users are looking for an alternative—the question has always been, what would that alternative be? 

We may now have an answer.

The housing shortage isn’t getting better

If you thought there already weren’t enough homes to go around, the Canada Mortgage and Housing Corp. (CMHC) wants you to know you ain’t seen nothing yet

Driving the news: The CMHC says housing starts—a measure of how many new homes are being built—could nosedive 32% this year if inflation sticks around and interest rates remain high. 

It’s a bad time to be an office landlord

Is commercial real estate the next domino to fall in our creaking global economy? A growing number of signs point to very possibly.