Halifax man with business dealings in Syria now under EU sanctions

A Halifax man who was the first person charged with violating Canada’s economic sanctions against Syria is now accused of violating the European Union’s sanctions as well.  Nader Kalai — a Syrian national with permanent residency in Canada — is known to be a close associate of Syrian President Bashar al-Assad and his loyalists. On Monday […]

IMF cuts forecast for 2019 growth in Canada, world

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast for […]

Doug Ford says Trudeau’s carbon tax will cause recession

Premier Doug Ford ratcheted up his rhetoric on Ottawa’s climate change plan Monday, warning that the federal government’s carbon tax will plunge the country into recession. During a speech at the Economic Club of Canada, the Ontario premier said there are already warning signs of difficult economic times ahead and a carbon tax will kill […]

46% of Canadians $200 or less away from financial insolvency: poll

The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise according to a new poll. A survey conducted for insolvency firm MNP Ltd. in December also found that 31 per cent […]

Deciem founder Brandon Truaxe dead at 40

Brandon Truaxe, the controversial and enigmatic founder of Deciem, the upstart Canadian company behind the hugely popular The Ordinary skin care line, has died. Two sources told CBC News Monday that Truaxe died over the weekend. A company memo informed employees of the news Monday morning. A sign in the window of an Abnormal Beauty Co. […]

Barrick explores sale of Zambian copper mine as government mulls more taxes

Barrick Gold Corp. says it’s exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes. While acknowledging that the government is under pressure to increase revenue, company chief operating officer Willem Jacobs said the changes would hit the mine’s profitability. “The proposed changes to taxes and […]

EU regulator who fined Google, ordered Amazon to pay taxes, plans tighter scrutiny for tech sector

Silicon Valley’s notorious nemesis, Margrethe Vestager, plans to end her term as the European Union’s antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world’s big tech companies. As the EU’s competition commissioner, Vestager is arguably the world’s most important tech regulator. Since 2014, she has slapped […]

Nuclear fusion, a disruptive power source for crowded cities: Don Pittis

The battle to replace fossil fuels with low-carbon power is bumping up against a new practical reality. As people crowd into cities, the world’s need for concentrated power sources is growing just as low-carbon green power is heading in the opposite direction. While the world needs high-density energy — the amount of power used or produced in a […]

TD Bank should have seen ‘red flags’ as senior lost $732K in romance scam, son says

The son of an Ontario senior who drained his entire life savings and then went deep into debt says TD Bank didn’t do enough to prevent his father from being victimized — over and over — in a romance scam. Dayle Hogg says his late father Robert, a widower, went into his local TD branch […]