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The Ford government touted Therme as a 'world-class' partner for Ontario Place. In Europe, 'significant' concerns have emerged over finances Aug 16th
The warning is included in previously unreported audits. Therme says it doesn't reflect the strong financial footing of the global business..... More »
The best Visa credit cards in Canada for 2024 + MORE Dec 5th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »
Scared of selling? When holding on to stocks can hurt you financially + MORE Oct 8th
When you invest, you buy and sell assets. Sometimes, the selling part—or not selling—can lead to problems. Here are few cases of seller’s hesitancy that can harm your financial situation.
Holding until a stock recovers
Investors sometimes want to break even on a trade. This may cause the.... More »
The 4% rule, revisited: A more flexible approach to retirement income + MORE Nov 25th
In the last column, we looked at three recently published financial books, including one I had really looked forward to reading: William Bengen’s A Richer Retirement. It’s the American certified financial planner’s long-awaited follow-up to his ground-breaking book on the so-called 4% Rule.
.... More »
The best student credit cards in Canada for 2024 + MORE Oct 7th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Shopify shares sink as company posts Q1 loss
– moneysense.ca
Shopify Inc.’s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook.The e-commerce software company, which keeps its books in U.S. dollars, says its net loss for the quarter ended March 31 amounted to USD$273 million or 21 cents USD per diluted share. That compared with a profit of USD$68 million or five cents USD per diluted share in the same quarter last year.Revenue for the quarter totalled USD$1.86 billion, up 23% from USD$1.51 billion in its first quarter last year.The results pushed Shopify’s share price down $19.59, or 18.5%, to $86.16 at the close of trading on Wednesday.Revenue growth is expected to slow in the company’s next quarter to a “high-teens percentage,” it said in its outlook. It attributed the sale of Shopify’s logistics business—announced last May when the company also revealed it was reducing its headcount by about 20%—for the forecast. The outlook anticipates revenue growth falling by three to four per cent in the second quarter on a year-over-year basis…
Is AI coming for my job?
– moneysense.ca
Nearly two years after ChatGPT asked “Hello! How can I assist you today?”, a majority of Canadians worry the latest wave of artificial intelligence (AI) will replace jobs done by human workers. In a February survey by Leger, 75% of respondents held this view. The overwhelming consensus is that AI, even if it is useful, is a threat to continued employment in the Canadian economy.
Robert Furtado, the CEO of education marketplace CourseCompare, says AI is riskiest for jobs that require highly specialized and repetitive work. That could include reviewing legal documents or a company’s financial updates, answering queries at a customer service desk or even reading X-ray scans. In countries like South Africa and India, low-paid content creators have faced significant hardship thanks to programs like ChatGPT and Perplexity.
“Every field will see the impact of AI in some way,” says Aaron Genest, senior applications engineering manager at Siemens Canada.
But all these AI developments don’t mean accountants, customer service representatives and content marketers are doomed to be unemployable in future…
