Do wireless customers have a right to paper bills? Telus’s Koodo says no

It’s a battle of tradition versus innovation: Consumer advocacy groups are taking aim at Koodo for its decision to stop offering wireless customers the option of receiving a monthly paper bill. “It was really not nice,” said 77-year-old Janette Little-Gallian, who requires a cellphone so she can text her 83-year-old deaf cousin. Since she signed up with Koodo in […]

Rising oil prices could push Alberta back into the black and reverse NDP’s political fortunes

Alberta’s economy and its politicians live and die with the fickle ebb and flow of oil prices. You could almost hear the provincial NDP holding its breath as the price of West Texas Intermediate, the North American benchmark price, slowly edged up to around $65 per barrel, which is almost 50 per cent higher than where it was a year ago. […]

Seattle repeals so-called Amazon tax a month after approving it

A tax on large companies such as Amazon that was meant to fight a growing homelessness crisis got rolled back during a raucous Seattle city council meeting that exposed divisions over how much companies that have fuelled booming economies should help pay to alleviate the downsides of success. A divided crowd chanted, jeered and booed […]

Suncor refinery restart to ease Petro-Canada gas station outages

Suncor Energy Inc. says a fuel supply shortage that left some of its Petro-Canada stations in the four western provinces with no gasoline to pump should clear up in the next few days. Stations began running out of fuel about two weeks ago in Edmonton and Calgary, followed by some Petro-Canada outlets in Saskatchewan, Manitoba […]

Trump, Iran spar over oil prices ahead of OPEC meeting

U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in […]

Federal Reserve boosts key interest rate

The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 […]

From farm to factory, Canadian dairy industry has no time for Trump

A generation after Peter Strebel’s father started a farm in 1976 with 50 Holsteins, Canada’s dairy sector is at the heart of a mounting trade war, and Strebel fears the survival of farms like his is at stake.  It’s a sunny day in June, and normally Strebel would be spending every moment working in the fields on his farm in Saint-Blaise-sur-Richelieu, Que. […]

Bank of Canada deputy governor Leduc to leave and join San Francisco Fed

Deputy governor Sylvain Leduc is leaving the Bank of Canada in late July after more than two years on the job and will start working for the Federal Reserve Bank of San Francisco, the central bank announced on Wednesday. The Bank of Canada said in a statement that Leduc will return to San Francisco with his family and resume […]

Comcast challenges Disney with US$65 billion bid for Fox

Comcast made a US$65 billion bid Wednesday for Fox’s entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T’s takeover of Time Warner and rejected the government’s argument that it would hurt competition in cable and satellite TV and […]

Is the loonie the ‘most hated currency’ in markets right now?

The Canadian dollar has seen its share of volatility this year as trade tensions between the U.S. and Canada reached a fever pitch over the weekend.  The currency is down more than five per cent against the U.S. dollar since hitting its highest point this year at the end of January. Even as it moved higher on Wednesday […]