California utility, battered and blamed in wildfires, filing for bankruptcy protection

Pacific Gas and Electric said it plans to file for bankruptcy protection amid potentially massive liabilities resulting from the deadly California wildfires. The announcement Monday follows the resignation of the company’s chief executive, Geisha Williams, a day earlier. John Simon, the company’ general counsel since 2017, will serve as interim chief executive. Officials are investigating whether […]

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 […]

National Bank of Canada hikes dividend on strong 4th quarter profits

National Bank of Canada hiked its dividend as it reported fourth-quarter net income of $566 million, up eight per cent from the previous year, as each of its three main business units improved earnings. The Montreal-based bank’s profit during the three months ended Oct. 31 amounted to $1.52 per share on a diluted basis and […]

Overflowing production continues to dampen oil prices as Alberta premier mulls solutions

Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap. As barrels of surplus oil lap the edge of the tub, desperate producers are forced to sell at rock-bottom prices to avoid a big […]

Ordering flowers online and funeral home upselling: CBC’s Marketplace consumer cheat sheet

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday.  Testing ‘Canada’s official florist’ After hearing from Marketplace viewers, we tested one of the biggest online florists to see if what we bought would match what we got. Ottawa-based Bloomex advertises “fast, fresh and […]

Avoid eating romaine lettuce in Ontario and Quebec amid E. coli outbreak, health officials warn

The Public Health Agency of Canada is warning people in Ontario and Quebec not to eat romaine lettuce as it works with U.S. health officials to determine the source of an outbreak of E. coli infections in the two provinces and in 11 states. As of Tuesday, there have been 18 confirmed cases of the bacterial infection […]

Money for change: Sustainable investing hits the big time

New numbers in Canada and the United States show that sustainable investing is no longer a niche trend, but rather has become a powerful force in money management that won’t be ignored. A new report from the Forum on Sustainable and Responsible Investment in the U.S. recently calculated that almost $12 trillion US is currently […]

Aurora Cannabis reports revenue surge in Q1, ‘strong’ legal pot sales

Cannabis producer Aurora Cannabis Inc. reported a surge in revenues between July and September, and “strong” recreational pot sales since Canada legalized marijuana for adult use last month. The Edmonton-based company posted revenue in what was the first quarter of the company’s 2019 financial year of $29.7 million, more than triple the $8.2 million during […]