The Walt Disney Company and TikTok have announced a first-of-its-kind deal related to global short-form content sharing. Fans and creators are being brought together in a unique way by the pairing to promote the discovery and creation of content utilizing memorable scenes and moments from beloved Disney movies and shows via the platform. In the coming months, the agreement will be piloted in the U.S., with other markets to follow. Content creators will have access to an expansive collection of...

The Financial Consumer Agency of Canada (FCAC) has levied a $4.25 million fine against Royal Bank of Canada (RBC) after the discovery that the bank issued inaccurate credit card statements to nearly 228,000 customers between 2021 and 2024. The penalty is one of the largest handed down by the regulator this year. The matter arose when some customers received replacement credit cards after reporting fraud, and at the time, certain credits weren’t transferred over to the new accounts. In some...

Spencer Spirit Holdings, Inc., parent company of Spirit Halloween and Spencer’s, has announced plans to purchase Hot Topic, as well as its brands BoxLunch and Her Universe, for an undisclosed sum. The acquisition fits perfectly within its portfolio. The purchase, which is subject to customary closing conditions and regulatory approvals, will give Spencer Spirit Holdings a combined 3,000 stores across North America. The deal is expected to close in the third quarter.

The United States’ national debt surpassed a record $40 trillion, as defense costs and interest rates on the growing deficit continue to add up, representing a significant federal expense to service. The figure reached $38 trillion in October and $39 trillion in March and as it grows, it adds pressure to already strained Americans, impacting borrowing costs, further driving up costs, and reducing the potential for economic investment and growth from businesses.“The federal debt is already...

U.S. President Donald Trump has announced plans to allow up to 300,000 metric tons of ground beef product to be imported into the United States for the next three months without being subject to out-of-quota tariffs. The beef will be sold at 25 percent below market prices in an attempt to bring down grocery prices for Americans, but the move has been met with ire from many. Among those in opposition, the National Cattlemen’s Beef Association believes the move will not address the stated...

According to new data from Statistics Canada’s labour force survey, Canada added 75,000 jobs in July, up 0.4 percent, with gains split between full- and part-time positions. Of those, 21,000 were added in wholesale and retail trade. Unemployment fell to 6.4 percent, which is the lowest it has been in two years. Employment rose for people aged 25 to 54, especially women in that cohort. Unemployment for men aged 25 to 54 held steady at 5.8 percent, while falling to 5.2 percent for women. Ontario...

Rogers Sports and Media is the latest in the media and communications sector to eliminate jobs. The announcement will impact 230 jobs, 80 of which are from radio, as six radio station closures are expected in Vancouver, Calgary, Halifax, and Kitchener. The company cited declining audience numbers and lower advertising revenue as the reason for the decision, but it has come under scrutiny in those markets for those who are losing their familiar airwave personalities and programming. In a...

It is clear that streaming giant Netflix Inc. is struggling to capture audience attention for longer than one season of a series, especially with the company’s stock facing a US$257 billion wipeout of market value, representing about 45 percent since it reached its all-time high on June 30, 2025, making it one of the worst stocks in the market over the last year. Since mid-April, performance on the S&P 500 Index slumped 31 percent, with a weak forecast and in the midst of a leadership...

With a history that dates back more than 130 years in Quebec, the cooperative Agropur has agreed to sell its fine cheese division, including the well-known OKA brand, to France’s Lactalis, which is one of the world’s largest players in the global cheese industry, in particular, the fine cheese market. According to Lactalis Canada’s news release, it will acquire two production facilities in Oka and Sainte-Hyacinthe, Quebec and the nearly 400 workers at those two facilities, bringing its team to...

Canadian multinational content-driven technology conglomerate Thomson Reuters Corp. and investment firm KKR have signed a deal to form a joint venture that will see KKR gain a 51 percent stake in Global Print for US$500 million. Global Print provides legal and tax information in print format via ProView, its eBook platform, in addition to the provision of commercial printing services which it offers to book publishers. The deal will leave Thomson Reuters with a 49 percent interest in the...

New York Attorney General Letitia James has sued four chemical manufacturing companies for allegedly polluting the state’s natural resources with per- and polyfluoroalkyl substance (PFAS) laced consumer products. The case is making its way through New York’s Supreme Court. In the filing, the state alleges 3M, DuPont, Chemours, Corteva, and Corteva subsidiary EIDP knowingly manufactured, marketed, and sold product containing PFAS substances for decades, in direct violation of state consumer...