HBC shareholders challenge executive renumeration, real estate plans

Hudson’s Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers’ Pension Plan, British Columbia Investment Management Corp. and the California Public Employees’ Retirement System (CalPERS) said […]

AT&T wins U.S. court approval to buy Time Warner for US$85 billion

AT&T Inc. won approval from a U.S. court on Tuesday to buy Time Warner Inc for US$85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. The planned deal is seen as a turning point for a media industry that has been upended by companies like […]

Tesla to lay off 9% of workers as part of restructuring plan

U.S. electric car giant Tesla is laying off nine per cent of its global workforce, it announced on Tuesday. The company, based in Palo Alto, Calif., said the move was part of its organizational restructuring announced by CEO Elon Musk last month.  “As part of this effort, and the need to reduce costs and become […]

Former ATB employee charged with stealing $1.1M through fake bank loans

A former Alberta Treasury Branch loan officer faces numerous charges after more than $1 million in fake loans were issued, police say. The Red Deer RCMP fraud unit investigation revealed that numerous loans were based on personal information of bank clients and other people the suspect knew totalling $1,148,020. Sarah Miles Brouilette, 38, of Red […]

Economists debunk Trump’s Twitter trade ‘facts’ against Canada

U.S. President Donald Trump made some “factual errors” in tweets about trade with Canada following the G7 summit, and his tariffs threats could be “akin to shooting oneself in the foot,” economists tell CBC News. Trump’s criticism of U.S. trade with Canada escalated to another level after he left the summit early and then attacked Canadian […]

Amid nickel boom, Vale moves forward with underground mine at Voisey’s Bay

Brazilian mining giant Vale is capitalizing on a nickel boom and moving forward with its underground mine at Voisey’s Bay, Newfoundland and Labrador Premier Dwight Ball announced Monday morning. It’s a “momentous announcement” for the mining industry, Ball said at the announcement at the Sheraton Hotel in downtown St. John’s. Past and present Newfoundland and Labrador premiers […]

Rift between Trump and Trudeau could be first step towards a recession, warns former foreign affairs minister

Read Story Transcript Experts are calling the public animosity brewing between U.S. President Donald Trump and Prime Minister Justin Trudeau after the G7 summit unprecedented, alarming — and a possible first step towards a recession in Canada.   If Trump makes good on his threat to impose new tariffs on the auto industry, there could be serious repercussions […]

Mulroney says he’s ‘never seen anything’ like Trump surrogates’ attacks on Trudeau

Former prime minister Brian Mulroney said today weekend attacks on Prime Minister Justin Trudeau by surrogates of U.S. President Donald Trump were unprecedented — but Canadian negotiators shouldn’t let the remarks throw them off their trade strategy. Mulroney — who was prime minister when both the original Canada-U.S. Free Trade Agreement and the North American Free Trade […]