Inflation rate picks up to 2% in December

The cost of living increased at a two per cent annual pace in December, as cheaper energy prices were offset by higher prices for just about everything else. Statistics Canada reported Friday that the cost of food went up by 2.9 per cent in the past year, while alcohol and tobacco products went up by 4.4 […]

Canada, U.K. in ‘informal talks’ on trade ahead of key Brexit vote

The United Kingdom’s high commissioner to Canada says informal talks that could lead to a U.K.-Canada free trade deal in as little as a year are underway — which could ease the economic uncertainty surrounding her country’s fraught debate over when and how it will exit the European Union. A key vote on Brexit will be held in […]

China’s Huawei says it has secured over 25 commercial 5G contracts

Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications. Rotating chairman Ken Hu, speaking at a press conference at the company’s campus in Dongguan in southern […]

Boeing buys 80% of Embraer’s commercial aircraft operations for $4.2B

Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 per cent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and management control of the company. Embraer will keep consent rights for some decisions, such […]

How Iran is using ‘ghost ships’ to flout Donald Trump’s oil sanctions

It sounds like something out of a pirate story, but the normally staid world of international trade has been beset by a flotilla of ghost ships in recent weeks, and they’re weighed down by several million barrels of trouble for U.S. foreign policy. Iran is one of the world’s biggest oil suppliers, and according to official records, the […]

Landing a renegotiated NAFTA deal was always going to come down to the wire: Freeland

Foreign Affairs Minister Chrystia Freeland said that if it was ever going to be possible to renegotiate the North American Free Trade Agreement she believed a deal would only happen at the last possible moment. “We had a bit of, we didn’t actually bet on this, but there was a conversation inside the team of when in September it […]

Pinterest to open first Canadian office in Toronto

Pinterest is opening its first office in Canada in Toronto at the start of October in an effort to expand its presence outside of the U.S. The San Francisco-based technology company runs an online platform that allows users to create a digital board they can pin aspirational photos to. It says it has 12 million […]

Shoppers Drug Mart gets medical pot licence from Health Canada

Shoppers Drug Mart has received Health Canada’s approval to be a licensed medical marijuana producer, opening the door for the pharmacy giant to dispense medical cannabis to patients. This comes after Shoppers applied to Health Canada to become a licensed medical marijuana producer in October 2016. “As trusted medication experts, we believe pharmacists have an […]

As legalization looms, pot dispensaries wrestle with whether to close now to go legit later

Justin Loizos is a cannabis convert. After dealing with chronic pain for years as a result of multiple sclerosis, he eventually found the medication he needs in the form of medical marijuana. He’s such a believer in the drug’s potential that he launched Just Cannabis, a dispensary providing medical marijuana to a small stable of clients in the […]

After fatal crash, Uber to expand its self-driving car research in Toronto

Months after a fatal crash involving one of its self-driving vehicles in Arizona, Uber is not only doubling down on its autonomous research efforts, but investing in a research hub uniquely positioned to reduce the likelihood of similar accidents in the future. The San Francisco, Calif.-based company announced on Thursday that it is expanding its Advanced […]