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Business
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Canadian business insolvencies up 37.2 per cent in 2022, consumer insolvencies up 11.2 per cent
The number of insolvencies filed by Canadian businesses in 2022 was up 37.2 per cent compared with 2021. The Office of the Superintendent of Bankruptcy says there were 3,402 business insolvencies last year, up from 2,480 in 2021.
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One-third of households say they're financially worse off compared to year ago: poll
A new poll finds one-third of Canadian households say their financial situation has worsened over the last year. According to a Leger poll commissioned by the Association for Canadian Studies, 34 per cent of Canadian households say they're financially worse off compared with a year ago.
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Big tech job cuts keep coming; Zoom latest to trim headcount
Zoom is cutting about 1,300 jobs, or approximately 15% of its workforce. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. Yuan said Zoom grew three times in size within 24 months to manage demand.
Lifestyle
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Lucky player in Washington wins US$747 million Powerball prize
Someone in Washington state overcame steep odds to win a US$754.6 million Powerball jackpot.
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Tiny wines find home in B.C.'s market, as Canadians consider reducing consumption
Wine lovers have growing options on the shelf to enjoy their favourite beverage as producers in B.C. offer smaller container sizes.
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On list of 50 'most Instagrammable' places, only 1 is in Canada
A new ranking by global travel site Big 7 Travel has revealed the most Instagrammable places for people to visit in 2023, but only one Canadian location, Banff, is among them.
Sports
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Ukrainian skier pushes to keep Russians out of the Olympics
Ukrainian skier Ivan Kovbasnyuk, a two-time Olympian, can't train at home in the Carpathian Mountains because war in the country has damaged the power grid so severely that there's not enough energy to make the chairlifts operate.
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Jessica Pegula reveals her mother Kim Pegula's health crisis
Pro tennis player Jessica Pegula has revealed that her mother, Buffalo Bills and Buffalo Sabres co-owner and president Kim Pegula, went into cardiac arrest in June and is still recovering while dealing with significant language and memory issues.
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Ticket demand, anticipation grows as LeBron nears Kareem
Seats for Tuesday's NBA game that could see LeBron James break Kareem Abdul-Jabbar's NBA scoring record are selling for as much as US$75,000 -- each.
Autos
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Renault, Nissan boards agree to equalize mutual stakes
Automakers Renault and Nissan on Monday formalized their reboot of a relationship that had grown rocky, culminating in the spectacular fall of top executive Carlos Ghosn, who had led successful turnarounds at both companies before his arrest and daring escape.
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Use of electric vehicles associated with fewer asthma-related ER visits on a local level, study shows
New research suggests that cutting fossil fuel emissions by adopting electric vehicles can improve air quality and potentially reduce respiratory problems in communities. But these benefits may not apply to all neighbourhoods in the same way.
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Super Bowl draws epic air show of private planes to Phoenix
Former NFL player Jim Bob Morris is heading to the Super Bowl in Phoenix from Bloomington, Illinois, in a newly refurbished set of wheels. His ride has new paint, new seating and even a new bathroom.