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 […]

Canadian farmers chart gains in Japan as tariffs fall in Asia-Pacific markets

It was the 1990s when a pair of Japanese butchers climbed aboard an airplane and travelled some 8,000 kilometres to visit a family-owned pork plant in rural Alberta. The local owners of Sunterra Farms hosted the men because, to crack one of the world’s most desirable markets, their staff needed to see exactly how Japanese consumers liked their meat. The swift, precise blade work of […]

Nissan’s ex-chairman charged after accusation of underreporting pay

Tokyo prosecutors have charged Nissan, former chairman Carlos Ghosn and another executive for allegedly underreporting income. The charges imposed Monday involve allegations Ghosn’s pay was underreported by about $44 million US over five years. The prosecutors said earlier that the allegations were behind Ghosn’s Nov. 19 arrest. The arrest of an industry icon admired both in […]

Ride-hailing services Uber and Lyft preparing to become public companies

The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings to the U.S. Securities Commission for initial public offerings of shares. Timing of the listings is uncertain, given the current turmoil in stock markets, but the filings made last week leave the door open for IPOs in […]

Privacy watchdog warns of ‘critical tipping point’ as Canada stakes ground in digital economy

The federal privacy watchdog is warning the Liberal government that it must not trade privacy rights for commercial gain as it strives to position Canada as a global leader in the digital, data-driven economy. In a letter to Innovation Minister Navdeep Bains, Privacy Commissioner Daniel Therrien said the digital revolution is sparking debate on some of “the most fundamental questions of […]

Notley says Alberta will buy rail cars to move oil, wants Ottawa to chip in

Alberta Premier Rachel Notley said today her government is only weeks away from finalizing a purchase of rail cars to move oil and help close massive price gaps that have short-changed government coffers and Canadian oil producers. She also said she wants the federal Liberal government to contribute financially to the plan. “We’re not wasting any […]

Fairfax buys 13.7 per cent stake in Stelco for $250M

Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each. That price represents a 4.2 per cent premium to Stelco’s closing price […]

Distracted too often by your smartphone? This company thinks it can help

Some of the best known companies in the world have tried — and failed — to market smartglasses to consumers, but a small Canadian company believes it’s ready to show Google, Microsoft and Sony how it’s done. “There’s a massive opportunity, really a mass-market opportunity, for a product like Focals to be successful,” said Aaron Grant, co-founder of […]

Meet Canada’s unknown digital workers

Opportunities for work in Canada’s online gig economy are growing faster than in many other countries, according to the organization behind a new tool that sheds light on a part of the world’s workforce that largely goes unmeasured. The Online Labour Index uses an automated data collector to scan some of the top digital labour websites including Fiverr, […]

Long-term loans: The fuel that’s powering Canadian car sales

This story is part of a series we’re calling Debt Nation looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on mortgages and credit card debt. Canadians are buying more cars than almost ever before, but a closer look reveals they’re taking longer and longer to pay […]