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- NewsThe Canadian Press
Cyberattacks are on the rise, and that includes small businesses. Here's what to know
NEW YORK (AP) — Cyberattacks on businesses are rising, including small businesses. It's a troubling trend because a breach can be very costly and time consuming if owners don't have a plan to deal with one. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type of malicious software designed to block access to a computer system until a sum of money is paid — more than doubled over the past two years to $26,000. That's partly
- BusinessBusiness Insider
Meet the typical new entrepreneur: A young woman living in the South who's doing it as a side hustle
American's newest entrepreneurs are increasingly likely to be women, immigrants, living in the South, and doing their business as a side hustle.
- BusinessThe Canadian Press
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Railway earnings The country's two biggest railway companies will report their first-quarter results this week. Canadian National Railway Co. will report its results after the close of financial markets on Tuesday, while Canadian Pacific Kansas City Ltd. will release its results before markets open Wednesday. Bank of Canada deliberations The Bank of Canada will release Wednesday its summary of monetary policy d
- BusinessThe Canadian Press
Ottawa puts up $50M in federal budget to hedge against job-stealing AI
OTTAWA — Worried artificial intelligence is coming for your job? So is the federal government — enough, at least, to set aside $50 million for skills retraining for workers. One of the centrepiece promises in the federal budget released Tuesday was $2.3 billion in investments aiming to boost adoption of the technology and the artificial intelligence industry in Canada. But tucked alongside that was a promise to invest $50 million over four years "to support workers who may be impacted by AI." Wo
- NewsThe Canadian Press
Who owns businesses in California? A lawmaker wants the public to know
SACRAMENTO, Calif. (AP) — A California lawmaker wants to require business owners and landlords to disclose their identities under legislation aimed at cracking down on opaque ownership structures that have enabled some companies to skirt state laws without facing consequences. Limited liability companies and similar corporations in the United States are often formed to protect a business owner's personal assets. In California, the world's fifth largest economy, such businesses are already requir
- BusinessThe Canadian Press
Tech industry warns budget's capital gains proposals could cause 'irreparable harm'
TORONTO — The federal budget is being met with disdain from Canada's innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of "irreparable harm." The sector is disappointed that the Liberal government's budget tabled Tuesday includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half. The hike would also be applied to individuals for capital gain
- BusinessThe Canadian Press
How US changes to 'noncompete' agreements and overtime pay could affect workers
NEW YORK (AP) — For millions of American workers, the federal government took two actions this week that could bestow potentially far-reaching benefits. In one move, the Federal Trade Commission voted to ban noncompete agreements, which bar millions of workers from leaving their employers to join a competitor or start a rival business for a specific period of time. The FTC's move, which is already being challenged in court, would mean that such employees could apply for jobs they weren’t previou
- BusinessBloomberg
MTA Spat With NJ on Congestion Pricing Hits Small Businesses
(Bloomberg) -- General contractor Hely Duarte is considering laying off half his workers because New York City’s transit system is halting most capital projects as its legal battle with New Jersey over congestion pricing lingers on. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBig Tech Surges in Late Hours o
- BusinessFinancial Post
Young Canadians think retiring at 65 is an outdated concept
Views on retirement are shifting dramatically as the cost of living rises and longer life expectancies become the norm
- BusinessBusiness Insider
America's facing a retirement disaster. There's a better way.
Australia uses a system called superannuation where companies are required to contribute to employees' retirement funds.
