• Ford has found an odd new partner in its ongoing pursuit of greener vehicles, announcing earlier this week it would be teaming up with tequila maker Jose Cuervo. 

    The pair has been researching the use of byproducts from harvested agave – the plant responsible for countless bad decisions and hangovers – to develop bio-plastics for manufacturing vehicle interiors and exterior components like wiring harnesses, HVAC units and storage bins.

    “Initial assessments suggest the material holds great promise due to its durability and aesthetic qualities,” said the company in a press release. “Success in developing a sustainable composite could reduce vehicle weight and lower energy consumption, while paring the use of petrochemicals and the impact of vehicle production on the environment.”

    According to Ford, a typical car uses about 400 pounds of plastic. 

    Justin Gammage, former chief scientist at auto giant GM and the current industry liaison manager responsible for developing innovative

    Read More »from Ford teams up with tequila maker to produce agave-based bioplastic
  • For kids, camp can be a rite of summer and a needed relief from school. For parents, it’s a welcome chance to keep kids occupied, safe, and ideally, gives them a unique experience.

    But does it have to cost so much?

    Like many things, summer camp feels like it’s pricier than it should be, and that it’s gotten more expensive over the years. Maybe that’s the natural desire to just want to pay less for things, but it’s fair for parents to wonder about the cost breakdown. Sure, the school bus that picks little Bryson up at the corner isn’t free, but what else goes into the hundreds that are paying for his week of outdoor fun?

    Of course, the costs exist in a ride range. City-run programs can run as low as $200 a week, and many churches run low-cost programs. But the cheap spots go quickly (as anyone who’s been up early madly refreshing the Toronto program website can attest), leaving everyone else to deal with privately run camps, where the price range, ahem, widens out a bit.

    For weekly day

    Read More »from Why does summer camp cost so much?
  • A majority of Pokemon Go users are playing at work, according to a new poll by Forbes,

    But, in their defence, offices can be littered with the cartoon creatures, and, let’s be honest, you gotta’ catch ‘em all.

    The business magazine received more than 66,000 response between July 15 and July 19 about their Pokemon-playing habits.

    About one-third of respondents, or nearly 21,000 people, said they spent more than an hour at work trying to fill out their Pokedexs or nurturing their Pikachus, Charmanders, Squirtles and Bulbasaurs.

    And their bosses are seemingly OK with watching their employees with their faces glued to their smartphones as they wander the office. Only 3,000 of these players said their boss told them to stop.

    In fact, 2,000 of them said they had even connected with them because of the game.

    And Pokemon Go also seems to be creating camaraderie across offices. The mobile app also caused half of the poll’s respondents to bond with coworkers, bosses or clients.

    The benefits

    Read More »from You need to Pokemon GO — back to work!
  • Workplaces looking to enter the 21st century may be encouraged to chuck their telephone land lines in favour of a new business communications tool that gives you all of your old-school phone features while letting you work just about anywhere.

    Rogers launched Rogers Unison this week, a business service the telecom giant expects will help small to medium sized businesses save as much as 40 per cent on their monthly phone bills.

    But will cutting the cord on traditional telecom services mean the end of business desk phones as we know them?

    “This is not the extinction of land lines; it’s the evolution of land lines,” says Charlie Wade, senior vice president of products and solutions at Rogers. “I think we’re shifting land lines and that technology onto the mobile. We aren’t going to see the complete removal of desk phones as there are folks in the office who still use them.”

    Wade says small and medium sized businesses spend $25 to $50 per phone line per month but could realize annual

    Read More »from Are land lines on the brink of extinction?
  • Does your mood swing up and down with the TSX? Does the price of oil keep you up at night? If you’ve got your finger on the pulse of the business news scene in Canada, then this quiz on the week’s top business stories should be a breeze. Find out how savvy you are about Canadian and international financial news.

  • Back to school spending is estimated to increase 4.5 per cent in Canada this year on the back of lower gas prices, a stable but low Canadian dollar, some price inflation, enhanced Canada Child Benefits and – perhaps most importantly – the spending habits of Gen Z-ers, according to Ernst and Young. 

    The news comes at a time when summer school is only just wrapping up but for a season earmarked as the second most important selling time, it’s no surprise retailers are salivating.

    “It is a critical season, especially in the apparel and supplies sectors and to a degree as well for technology for computers and clothing suppliers – overall it’s the second biggest shopping season,” Daniel Baer, a partner at EY and leader of the professional services firm’s national retail and consumer products segment.

    According to EY, British Columbia is expected to lead retails sales with Ontario in close second. Quebec and the Atlantic provinces on the other hand are expected to mirror the national average

    Read More »from Economics 101: Back-to-school spending buoyed by Gen Z’s habits
  • Turns out all those hours spent playing “Mario Kart” as a child – and let’s be honest as an adult – were good for more than bragging rights.

    A recent study published in the Association for Psychological Science says that players of action video games, in this case, the classic Nintendo game, for at least five hours a week over the previous six months, fared better in driving simulations because of increased hand-eye co-ordination, or visuomotor skills, than their peers who abstained from these games. 

    “Our research shows that playing easily accessible action video games for as little as five hours can be a cost-effective tool to help people improve essential visuomotor-control skills used for driving,” Li Li, lead author on the study, said in a press release.

    The study randomly split participants into two groups, both of whom had no experience playing action video games: one trained by playing "Mario Kart" using a steering wheel controller to drive a go-kart on a track during 10

    Read More »from 'Mario Kart' players may be better at driving than you: study
  • Sometimes all you need to do is ask, for all your dreams to come true.

    That’s what reportedly happened to Russian Tesla owner Alexander Shavrin, despite his seemingly unnecessary request.

    Shavrin lives in the city of Perm, near the Ural Mountains about 20 hours east of Moscow by car, but makes commutes to Yekaterinburg , roughly five hours away.

    Unfortunately for Shavrin, he’s the region's only Tesla owner and there are no charging stations along the more than 360-kilometre route.

    And, according to Jalopnik, his Tesla’s battery becomes depleted about 30 km before he reaches his destination. 

    So Shavrin asked, and somehow convinced, the regional energy company IDGC of Urals to build a charging station at the halfway mark between the two cities. 

    Thanks to Shavrin, the village of Achit, which has a population of less than 5,000, will now be home to the first electric car charging station in the entire region.

    According to Jalopnik, the charger will cost about 300,000 rubles, or about

    Read More »from Russian Tesla owner gets wish granted for charging station in middle of nowhere
  • The slow unraveling of Toronto builder Urbancorp has been a nail-biter for the 188 townhouse buyers hoping to own their idyllic place of their own in the city’s Corso Italia neighbourhood at Lansdowne and St. Clair.

    As the company digs deeper into legal proceedings after filing for bankruptcy back in May, it’s becoming all too apparent these people aren’t getting their homes. But what is compounding the grief is whether or not they will get their deposits back, with some putting down $82,000 for the $810,000 townhouse. 

    KSV, a court appointed monitor who took over after Urbancorp filed for bankruptcy protection and is tasked with figuring out how to pay back creditors including homeowners, issued a statement at the end of June saying that “based on value estimates received by KSV from several realtors – creditors may have a significant recovery of their claims, including home buyers.”

    KSV says it hopes to complete the sale of assets to pay back creditors by September 2016. Failing

    Read More »from What happens if your homebuilder goes bankrupt?
  • While it pays to clip coupons, most of us just don’t have the time. To find out how to snag the best in-store shopping hacks, we invited Joanie Demer and Heather Wheeler, founders of the popular couponing blog, The Krazy Coupon Lady, to join us in our studios. The best part about these deals is that you don’t need to clip a single coupon.

    Target hack

    Of all the retailers listed on the site, Target (TGT) is one of Krazy Coupon Lady’s favorites because of all the ways you can save there—with or without coupons. The key to shopping smart is knowing when to go for the items you want. Shop on Mondays to find markdowns on kids’ and infants’ clothes, Tuesdays for women’s and juniors’, Wednesdays for men’s, Thursdays for shoes and Fridays for scarves and jewelry. After studying the store’s schedule, they confirmed their findings with Target. “The takeaway is, if you’re shopping for a necklace on Thursday, and you’re on the fence about whether to buy, come back the next day because it might be

    Read More »from Krazy Coupon Lady’s all-time favorite in-store hacks at Target, Costco, Ikea and more
  • Can the world do without Alberta oil?

    A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alta., on June 1, 2014. (THE CANADIAN PRESS/Jason Franson)A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alta., on June 1, 2014. (THE CANADIAN PRESS/Jason Franson)

    The Fort McMurray wildfire in May never did damage any of northern Alberta’s sprawling oil sands facilities, but the precautionary shutdown it triggered sent a brief shiver through world oil markets.

    The operative word is brief, though, because a glut of production combined with soft demand mitigated the market’s fear Alberta bitumen crude might be unavailable.

    Still, about a million barrels a day of bitumen-sourced oil – roughly 25 per cent of Alberta’s total conventional and non-conventional production – was affected by the shutdown and evacuation of several operations.

    Added to production problems in Nigeria, markets were briefly jittery in late May as fire threatened oil sands facilities. Those concerns lifted quickly, said Jim Burkhard, vice president of oil market research at the consulting firm IHS Markit.

    “After a week or two we knew that production was going to come back on stream,” he said. “Facilities weren’t damaged.”

    Benchmark prices, which were around US$30 a barrel near the

    Read More »from Can the world do without Alberta oil?
  • Beer drinkers rejoice. It has taken more than 50 years, but an airline has finally figured out how to serve draft beer.

    KLM and Dutch brewing company Heineken think they’ve tapped into a technology that will allow them to safely offer keg beer in the high-altitude and pressurized environment of a modern aircraft.

    They plan on rolling out the draft beer on flights to Rio, Brazil during the Olympics next month.

    The problem with serving it on airplanes comes from the fact that the kegs in bars require a tank of carbon dioxide that use the gas to drive the beer up a tube towards a valve where it can be dispensed.

    However, the environment on a plane 40,000 feet in the air is different than on the ground.

    A faulty valve or crack in a tank of compressed CO2 could turn it into a speeding projectile, and for that reason they’re prohibited onboard.

    In order to get around the issue, Heineken has opted to use air pressure to drive its pale lager out of a keg.

    However, that brings up its own

    Read More »from First world problem solved: Airline figures out how to serve draft beer in-flight
  • While numerous countries around the world have opted to raise the age of retirement in an effort to cut government spending on pensions, a new study is shedding light on the potentially damaging effects on the brain from working full time after middle age.

    The paper, published by University of Melbourne, says that working a typical 40-hour week after the age of 40 could impair cognitive function.

    “Work can stimulate brain activity and can help maintain cognitive functions for elderly workers, the ‘lose it or use it hypothesis,’” Colin McKenzie, one of the paper’s author’s and a professor of economics at Keio University in Tokyo,” told the BBC

    “But at the same time, excessively long working hours can cause fatigue and physical and/or psychological stress, which potentially damage cognitive functioning.”

    The study found that people over the age of 40 who worked more than 25 hours experienced a decline in cognition.

    But those who maintained a part-time work schedule of up to about 25

    Read More »from A 40-hour work week after the age of 40 could damage the brain
  • Goldman's beat doesn't impress, Netflix tanks, Johnson & Johnson pops


    Here are some of the stocks the Yahoo Finance team will be tracking for you today.

    Goldman Sachs (GS) shares were lower in early trading despite posting earnings and revenue that trumped forecasts. Trading revenue rebounded in the second quarter and it cut costs, but the company said conditions remain challenging.

    Related: Goldman Sachs smashes expectations, despite the Brexit

    Netflix (NFLX) shares tanked in early trading after the video streaming service’s subscriber numbers disappointed big time in the second quarter. The company said it added 1.7 million subscribers. That was much weaker than the forecast of 2.5 million. But earnings topped estimate and revenue came in line with expectations with sales up 28% from a year ago.

    Johnson & Johnson (JNJ) got a nice pop in early trading after the world’s biggest maker of health care products reported stronger-than-expected earnings and revenue for the second quarter. Sales jumped about 4% from a year ago. The company also raised its

    Read More »from Goldman's beat doesn't impress, Netflix tanks, Johnson & Johnson pops
  • Netflix subscriber numbers whiff, stock collapses

    Netflix (NFLX) reported disappointing Q2 numbers after the closing bell and shares plunged 15%.

    The company added just 160,000 domestic subscribers in the second quarter, which fell far short of the already reduced guidance of 500,000 additions. For the third quarter, the company said it now expects 300,000 domestic subscriber additions, compared with expectations for 750,000 to 800,000.

    Meanwhile, the company added only 1.5 million international subscribers, compared with guidance of 2 million. For the third quarter, the company said it now expects 2 million international subscribers, compared with 2.7 to 2.85 million subscribers expected.

    Guidance includes anticipated impact of the Olympics, which will attract the attention of many viewers

    “We are growing, but not as fast as we would like or have been,” management said. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business.”

    Revenue of $1.2 billion

    Read More »from Netflix subscriber numbers whiff, stock collapses
  • A new study says that getting another diploma may not be worth as much as it used to be in terms of getting a bump in your pay stub. 

    The paper published by the Centre for the Study of Living Standards, an Ottawa-based non-profit economics research group, says that the ranks of low-wage earners with master’s degrees or PhDs has ballooned over the past seven years. 

    According to the study, this highly educated group of Canadians saw their incidence of working low-wage jobs jump from 7.7 per cent nine years ago to 12.4 per cent in 2014.

    That’s an increase of 2.1 per cent per year.

    That increase also overlapped with a 0.9 per cent surge in the number of workers with a master’s or PhD over that time span.

    The research defined a low-wage job as anything that had hourly earnings that fell below two thirds the median hourly pay for full-time workers between the ages of 20 to 64. In 2014, the study’s cutoff was $16.01 an hour.

    In order to come up with the findings, the study looked at data

    Read More »from Highly educated workers more likely to have low-paying jobs: study
  • Bullet soldier fly larvae might not be your first choice when you think of a delicious appetizer. But those baby bugs are precisely what chef Meeru Dhalwala is experimenting with.

    “From a foodie perspective this is the one insect product that tastes good. It has a nice nutty flavour,” said Dhalwala, a longtime insect-eating advocate and co-owner of Vij’s and Rangoli restaurants in Vancouver. After a beat she added, “The problem is that it’s dark and looks wormy.” Dhalwala envisions serving curried larvae in a spoon, caviar-style, and is waiting for the Canada Food Inspection Agency to approve the insect for human consumption.

    Consumers won’t find bullet soldier fly larvae in a restaurant or on grocery store shelves just yet but there are plenty of other insects for  humans to ingest because the edible insect industry has vastly expanded in recent years.

    “We know we need healthy protein alternatives as the population expands and resources to farm meat become difficult,” said Jarrod

    Read More »from A bug’s life...on your dinner plate
  • Does your mood swing up and down with the TSX? Does the price of oil keep you up at night? If you’ve got your finger on the pulse of the business news scene in Canada, then this quiz on the week’s top business stories should be a breeze. Find out how savvy you are about Canadian and international financial news.

  • How to see if your apps know too much about you

    The insta-obsession over “Pokémon Go” hasn’t just forced gamers to leave their homes and explore the outside world, it’s also yielded a teachable moment about privacy.

    After Niantic’s smartphone game took off, Adam Reeve, principal architect at the Baltimore security-analytics firm Red Owl, saw something squirrelly in its iOS version. His Google settings showed that signing into “Pokémon Go” with his Google account had given the game access to almost all of his Google account’s information, from his e-mail to his photos.

    Other security researchers, such as Trail of Bits’ Dan Guido, looked into this and confirmed that the game sought far more info than needed to verify a player’s identity.

    Niantic said it wasn’t reading anything more than Google usernames and e-mail addresses and quickly shipped an update to curb its access.

    That developer did the right thing commendably fast. But other companies with apps that invite or require you to sign in via your Google or other social media

    Read More »from How to see if your apps know too much about you
  • Although more than a quarter of Canadians consider real estate the most attractive investment this year, few actually believe they can invest in the country’s red-hot market according to a recent survey.

    Over 71 per cent of Canadians say they wouldn’t be able to afford to invest in a property worth $1 million – the average price of a detached home in Toronto – while nearly four-out-of-five (79.8 per cent) of those in the 25 to 34 age group say the investment is too much, says the Google survey conducted by NexusCrowd, a real estate investment platform.

    Chief among Canadians concerns with investing in real estate is the cost followed by aversion to risk, worries the real estate bubble might burst and a lack of expertise.

    “When people think about real estate investing (it’s buying) a house or a condo unit or maybe a duplex,” explains Hitesh Rathod, co-founder and CEO of NexusCrowd. “If there is an opportunity to go out and get involved in a commercial real estate deal, or a condo

    Read More »from Think you can’t afford to invest in real estate? Think again
  • On a recent vacation in the Netherlands, Dr. Jordan LeBel, food marketer and founding member of Concordia University’s Quebec’s Food Culture Research Group, came across a couple poutine shops in Amsterdam.  

    It made sense to LeBel, given the city’s young demographic and streets teeming with backpackers and tourists.

    “It’s an exportable type of food – cheap to produce and get the operations up and going,” says the associate professor of marketing and director of the executive MBA program at Concordia’s John Molson School of Business.

    But Ontario fast food chain Smoke’s Poutinerie’s recently announced plan to grow from 76 restaurants in Canada and five in the United States to 1,300 shops in the U.S., Western Europe, the Middle East, Australia and the Asia-Pacific region by 2020 may be a bit ambitious says LeBel.

    “It’s a lot to open 250 restaurants a year…the human resources systems you’ve got to put in, the manpower you’ve got to recruit, the legal systems you need, operational systems,

    Read More »from The poutine paradox: can Smoke’s take the Canadian staple global?
  • A new study says that rising income inequality is causing millennials to forgo tying the knot before having children.

    The paper published in the American Sociological Review Thursday says that young people who live in areas of the U.S. where there is a shortage of well–paying employment, particularly for those who lack a college education, are choosing to have children outside of marriage, even though it is perceived to be the socially acceptable way to start a family. 

    “Young adults these days won’t get married unless they’re convinced they’ll have a long-term, successful marriage and that requires a steady income,” the study’s author, Andrew Cherlin, told Yahoo Finance Canada. 

    “What’s happening is that many of those people are … going ahead and having kids without marrying because they don’t see the prospect of a good marriage happening to them.”

    2014 research by Pew had similar findings in that 78 per cent of women and 46 per cent of men said they want a spouse with a steady job.

    Never-Married Women Want a Spouse with a Steady Job

    Read More »from Why some millennials are more likely to start families before marriage
  • Canada has quietly become the most tax competitive country for businesses globally in all sectors including digital services, research and development, corporate services and manufacturing, according to a study by international tax firm KPMG.

    Citing the country’s low corporate tax rates, moderate statutory labour costs and low goods and services tax/harmonized sales tax, the biennial study Competitive Alternatives 2016: Focus on Tax put Canada in the lead of 10 OECD countries, followed by the United Kingdom and the Netherlands.

    City-wise, we also churned out the frontrunners including Toronto, Vancouver and Montreal in first, second and fourth, respectively, of the top 51 major international cities with a population of two million or more. Manchester in the U.K. placed third.

    According KPMG, the 10 countries and 111 cities are compared based on the Total Tax Index (TTI), a “measure of the total taxes paid by companies in a particular location, expressed as a percentage of total taxes

    Read More »from Canada is the most tax competitive country for businesses in the world: KPMG
  • With summer officially here, people’s thoughts are turning to flip-flops, picnics, and… taxes?

    Maybe not, but in fact, there’s good reason Canadians may want to be thinking along those lines to maximize that return right now.

    “Tax planning should be done throughout the year,” says David Lee, Financial Advisor, BlueShore Financial. “If it’sleft to the last minute during the April tax season, you may be forgoing a lot of savings and benefits.

    “Tax planning is an integral part of any wealth-building strategy and taking the time to structure your affairs to minimize the amount of tax you have to pay will provide you with more money in your pocket,” he says. “Being proactive and making your finances a top priority will give you more time to think about your financial objectives.”

    Where to start

    Begin by looking at last year’s return. If you owed money, you can figure out whether this year's income will be more, the same, or less and implement some suitable tax strategies that are suitable

    Read More »from Why summer is the perfect time to start thinking about tax season
  • When you’re starting a job search, you know to have your resume ready and to brush up on your interview skills. But don’t overlook the importance of solid references. When employers narrow the field to a few potential candidates, the reference check could be the deciding factor.

    And while assembling a reference list that will work in your favour is one thing, savvy strategies and proper etiquette can go a long way to helping you land that dream job.

    Choose wisely

    Pick people who can discuss your abilities that relate to the position—and then some

    “The ideal person should be someone who knows you and your work at your current or most recent employer,” says Sheryl Boswell, director of marketing at Monster Canada. “This person should also be able to speak to your work ethic, contributions, and the successes you’ve made in your professional role.”

    Work around potential trouble spots

    Let’s say you and your manager don’t exactly see eye to eye. There are alternatives.

    “If you feel

    Read More »from Tips to make the most of your job references
  • image

    [Teens, why get stuck with a run-of-the-mill summer job when you can make your own?]

    While other teenagers her age were printing off resumes to clinch boring summer jobs, Jordana Petruccelli was out banging on doors in the neighbourhood looking for clients for her burgeoning photography business.

    “I’m just doing freelance work (starting) in the neighbourhood – portraits of people and pets and animals,” the 17-year-old told Yahoo Canada Finance. “My friends work summer jobs… I don’t really like doing that, I like doing my own thing – I really like the freedom.”

    In addition to family photo shoots and candid shots, she also recently photographed a series of events for her school Bishop Allen Academy in Toronto. The entrepreneurial teenager says she’s had around 15 clients, some paid, some volunteer.

    “I want to be a photographer so I thought this would be a good opportunity to start up now and see how it goes,” says Petruccelli.

    She says it helps to have the support of her parents who are both

    Read More »from Forget looking for summer jobs, these teens made their own
  • In the 1993 gangster film “Carlito’s Way,” the eponymous character, played by Al Pacino, tells his lawyer, Sean Penn, who has become embroiled in a life of crime:

    “You ain’t a lawyer no more, Dave. You’re a gangster now. You’re on the other side. Whole new ball game. You can’t learn about it at school, and you can’t have a late start.”

    But, as it turns out, Carlito, despite his years of fictional experience as a criminal, may not have known as much about the industry as he thought.

    A study released earlier this year looked at the educational levels of the Italian-American mafia between the 1930s and 1960s, by comparing mobsters to data taken from the 1940 U.S. census.

    The researchers found that for each year a mobster attended college, their income jumped between 7.5 and 8.5 per cent.

    The study compared the results to the results of their neighbours, who on average had one more year of education.

    And in contrast, mobsters had only “slightly smaller” returns on education.

    In fact, mafia

    Read More »from College-educated mobsters made more money
  • If misery loves company, then cheer up if you tried and failed to get tickets to one of the Tragically Hip shows this summer; you’re certainly not alone. In fact, the army of frustrated Hip fans would probably fill the Air Canada Centre, Bell Centre and Rexall Place several times over.

    And in the wake of the Hip ticket panic (can we call it HipGate?), eager concertgoers are once again asking exactly how TicketMaster works, and why they can’t seem to get tickets to the biggest shows.

    On the surface, it makes little sense that a quick-fingered customer who taps “buy” the minute the tickets are released still comes up empty.

    The ticketless among us often claim that Ticketmaster sells only a fraction of seats through the main website, and distributes the rest to insiders and secondary sellers at a markup.

    Ticketmaster did not respond to questions from Yahoo Canada about its ticket sales policies, but the company acknowledges on its website that it sets aside some seats for the artist, and

    Read More »from Why it's so tough to get tickets on TicketMaster
  • There’s nothing like leaving your job for an exciting new opportunity to make you feel like you’re the master of your own destiny. But what happens now to those generous payments your employer made to your retirement savings?

    Almost forgot about those, didn’t you?

    Well, that was foolhardy because they have to be one of the best benefits a company can offer, says Edmonton’s Jim Yih, a financial planner who specializes in retirement planning.

    “You can talk about tax benefits and other things but the fact is the best deal going is the company match,” says Yih, who helps businesses administer group RRSPs and pension plans. “You can put in a dollar and the employer puts in a dollar and you’ve just doubled your money. Nowhere else can you do that. If you have one of these you’re very lucky. Not all employers offer this.”

    In fact, only about 40 per cent of employers in Canada offer some form of group retirement plan, according to Yih. Generally, contributions are based on a percentage of

    Read More »from What happens to your RRSPs when you leave your company?
  • Competition over New York’s commuters is heating up this summer.

    Users of the ride-sharing app Uber could get access to unlimited rides during weekday-traffic hours for less than the cost of a subway fare.

     The company announced on Monday that it is offering an UberPool “commute card” to members of Gilt City, a U.S. flash-sales site, in July and August for users of the carpooling service who are taking rides in certain areas of Manhattan between 7 a.m. to 10 a.m. and 5 p.m. to 8 p.m.

    The price tag for a two-week pass is US$49, while four weeks runs for $79 and eight weeks for $159. An account with Gilt City is free.

    These bargain-basement prices could offer New York City residents a cheaper, and perhaps more appealing, alternative to being packed like sardines into subway cars.

    The Metropolitan Transportation Authority, which oversees public transportation for 12 counties in New York State, offers seven-day subway passes for $31. Meanwhile, a 30-day pass is offered for $116.50.

    Read More »from Commute with Uber in NYC for less than a subway fare this summer

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