Your personal financial data is safe, says head of Statistics Canada

The head of Statistics Canada is assuring Canadians that their personal financial data is safe after days of Conservative criticism over the agency’s move to collect the financial transaction data from 500,000 people. “I understand the concerns that Canadians have and want to assure them that their personal information is carefully protected, and never shared publicly,” […]

Stocks climbing after strong reports from Facebook, GM

Stocks are climbing again Wednesday morning as investors applaud quarterly results from companies including Facebook, General Motors and Estee Lauder. After a rally a day earlier, the S&P 500 index is now on track for its first two-day winning streak since late September. The index is still down 6.6 per cent in October and is […]

Facebook’s Zuckerberg summoned to appear before session of U.K., Canadian politicians

The British government announced on Tuesday an unprecedented “international grand committee” involving Canadian politicians concerning disinformation and fake news, with a summons for Facebook chief executive Mark Zuckerberg to appear. British MP Damian Collins released the open letter Tuesday, also signed by Canadian Conservative MP Bob Zimmer, asking Zuckerberg to appear Nov. 27 at Britain’s […]

Canadian GDP expanded by 0.1% in August

Statistics Canada says real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase. Thomson Reuters Eikon says economists had expected no change for the month. Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12 of […]

Greyhound service in Western Canada stops at midnight: Now what?

Small towns from Osoyoos, B.C., to Massey, Ont., will lose their bus connection to the wider world Wednesday night, when Greyhound Canada ceases its service to Western Canada. The last Greyhound bus pulls into a station in Western Canada Wednesday night at midnight, the victim of high costs and declining ridership, according to U.S. parent […]

Manulife shares rise after rules over insurance deposits clarified

Two of Canada’s largest life insurance companies welcomed a Saskatchewan government decision that clarifies the rules for a type of insurance policy that’s been the focus of civil suits against them. Manulife Financial Corp. and IA Financial Group say they expect substantial aspects of the litigation against them will be resolved as a result of […]

WestJet’s third quarter profits tumble as fuel costs soar

WestJet Airlines Ltd. reported a third-quarter profit of $45.9 million, down from a profit of $135.9 million in the same quarter last year amid rising fuel prices. The airline says the profit amounted to 40 cents per diluted share for the quarter ended Sept. 30, compared with $1.15 per diluted share a year ago. Revenue […]

Bitcoin mining could cancel out climate change efforts, scientists say

Demand for bitcoin could single-handedly derail efforts to limit global warming because the increasingly popular digital currency takes huge amounts of energy to produce, scientists said on Monday. Producing bitcoin at a pace with growing demand could by 2033 defeat the aim of limiting global warming to 2 C, according to U.S. research published in […]