Ontario raises minimum wage for gig workers to $17.20 starting July 1
A new $17.20 hourly wage for gig workers takes effect July 1 in Ontario, raising the standard for app-based jobs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
15 minutes ago
- National Post
Visa Expands Stablecoin Settlement Support
Article content Visa plans to support more stablecoins, more chains and more use cases within its settlement platform. Article content SAN FRANCISCO — The stablecoin ecosystem is expanding, and Visa is at the forefront of its development. As global interest in stablecoins takes center stage, Visa is building on its leadership in the space and enabling support for more stablecoins and more blockchains to facilitate settlement transactions for issuers and acquirers. Article content Visa's settlement platform is adding support for two additional USD-backed stablecoins, two blockchains and the euro-backed EURC. Article content What's new Article content More stablecoins: Through a new partnership with Paxos, Visa will be able to support two additional dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), bringing the transformative power of two more trusted stablecoins to our partners More chains: Visa has added support for two blockchains, Stellar and Avalanche, in addition to already supported chains, Ethereum and Solana More currencies: Visa has integrated Circle's euro-backed stablecoin, EURC Article content 'Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide,' said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa. 'We believe that when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world.' Article content Visa continues to build on years of real-world pilots and live stablecoin settlement activity. With these additions, the Visa network is enabled to support four stablecoins and four unique blockchains. Article content Enabling EURC settlement Article content With EURC integrated into the Visa Network, select pilot participating Visa partners can now access settlement in both USD- and EUR-backed stablecoins. This extends Visa's crypto and treasury infrastructure capabilities which already facilitates settlement in more than 25 fiat currencies worldwide. Article content A leading network for stablecoin acceptance Article content Earlier this year, Visa announced the expansion of its stablecoin-linked card partners. For stablecoin-linked cards to scale, they require a network that: Article content Meets stablecoin wallets where they are – enabling interoperability across multiple blockchains Enables flexible settlement options by directly accepting for settlement stablecoins in connection with cards operating across multiple blockchains Addresses growing market demand, meeting interest from banks, merchants, developers, and fintechs while helping to reduce friction and increase speed for cross- border and onchain transactions Article content As new stablecoins and blockchains continue to emerge and show promise of true utility, Visa's mission remains clear: build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally. Article content About Visa Article content Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Article content Article content Article content
CTV News
15 minutes ago
- CTV News
Cenovus Energy cuts 2025 production forecast
Cenovus Energy logos are on display at the Global Energy Show in Calgary, Alta. THE CANADIAN PRESS/Jeff McIntosh Canadian oil and gas producer Cenovus Energy lowered the upper end of its full-year upstream production forecast on Thursday, citing the impact from a temporary shut-in of its Rush Lake facilities. The company said it responded to a steam release from a casing failure in an injection well in early May, and as a result, the Rush Lake facilities in west-central Saskatchewan have been temporarily shut-in. Cenovus forecast 2025 upstream production to be between 805,000 barrels of oil equivalent per day and 825,000 boepd, compared with 805,000 to 845,000 boepd projected previously. For the second quarter, its total upstream production was 765,900 boepd, down from 800,800 boepd a year earlier, reflecting planned turnarounds, maintenance at offshore facilities and short-term production impacts from wildfire activity at Christina Lake. Wildfires across Alberta in May disrupted operations for several oil producers such as Cenovus, Canadian Natural Resources and MEG Energy, prompting temporary shutdowns and evacuations at multiple sites. Cenovus' total downstream throughput for the quarter was 665,800 barrels per day, compared with 622,700 bpd a year ago. Benchmark Brent crude LCOc1 prices were lower during the April-June quarter, from a year earlier, weighed down by weak global demand, market volatility due to tariffs and increased oil supply from OPEC+. Calgary, Alberta-based Cenovus posted a net income of $851 million (US$614.57 million), or 45 Canadian cents per share, during the three months ended June 30, compared with $1.0 billion, or 53 Canadian cents per share, a year earlier. (Reporting by Katha Kalia in Bengaluru; Editing by Shilpi Majumdar)
Globe and Mail
15 minutes ago
- Globe and Mail
ICE Launches North America First Multi-Currency Travel Cash Vending Machine at Toronto Pearson Airport (Gate E77, Terminal 1)
TORONTO, July 31, 2025 /CNW/ - ICE Exchange Corporation Canada is proud to unveil a groundbreaking innovation in travel convenience: the country's first Travel Cash vending machine capable of dispensing 24 international currencies, now operational at Toronto Pearson International Airport, Terminal 1 (post-security, near Gate E77).
