Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings

Coast Capital Savings says 140 members had money stolen from their accounts during a targeted cyber fraud attack in November and December of last year.   The credit union doesn’t know exactly how much is missing but said the loss to each victim was “typically in the magnitude of between $3,000 and $6,000,” meaning thieves got away with many hundreds of thousands of […]

Alberta’s OPEC-style oil cuts help boost prices — but concern over fallout remains

Alberta’s mandatory oil production cuts have helped boost Canadian crude prices, but concern persists that the cure could be worse than the cold. Since the strategy was executed two weeks ago, the price gap between Canadian and U.S. benchmark crude has shrunk to under $10 US a barrel. On Friday, it was the narrowest it has been in nearly a decade. […]

Amazon says it plans to create 600 new tech jobs in Toronto

Amazon plans to create 600 new tech jobs in Toronto, the company announced Tuesday as it expanded its footprint in the city’s downtown core. The online retail behemoth said the jobs should be filled in the next five years, and noted that 800 so-called “Amazonians” already work in Ontario’s provincial capital. The new jobs will […]

Ford government to recall legislature next week to introduce back-to-work bill for power workers

Ontario’s Progressive Conservative government will recall the legislature next week in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto. Earlier Thursday, an official had said that the government was prepared to recall the legislature. By the afternoon, it was confirmed that […]

Q&A: The case for more Alberta refineries

Alberta Premier Rachel Notley this week breathed new life into an old NDP pledge to try to build more refineries in the province. More refineries would mean more jobs, more options for Alberta bitumen and more wealth for the province — or so the government’s argument goes. She’s canvassing the industry for private sector interest until Feb. […]

Trump could strike back at Alberta oil cuts, says former provincial trade envoy

A former Alberta trade envoy to Washington, D.C., believes United States President Donald Trump could slap the province with counter measures for its decision to impose mandatory oil production cuts.  Gary Mar, who was Alberta’s representative in the U.S. capital for four years from 2007, said it’s uncertain how Trump will feel about the province’s decision to wade into the […]

Eye-roll nation: Why our sympathy for economic pain often stops at provincial borders

You could almost hear Albertans’ eyes roll in unison this week, as Unifor president Jerry Dias exited a meeting with Prime Minister Justin Trudeau, stood before the national press gallery and described the auto-manufacturing sector as the “most important industry in the country.” The sense out west was: Of course an Ontarian would say that. It’s understandable how Albertans could […]

‘Why does he hate newspapers?’ Free Press publisher asks after Pallister slams subsidy

The publisher of the Winnipeg Free Press is questioning why Manitoba premier Brian Pallister is sounding off against a funding package to help Canada’s struggling news media sector. Without being prompted, Pallister told reporters Friday he was worried the independence of journalists would be compromised if a part of their paycheque is covered by Ottawa’s coffers. In response, Bob Cox […]

President of Aeroplan parent company leaves after less than 3 months

Aimia Inc. has announced the departure of its president and chief strategy officer less than three months after he took the job. In late August, the Montreal-based company hired Nathaniel Felsher from Deutsche Bank in New York, where he co-headed the firm’s aviation corporate and investment banking group. “The company wishes to acknowledge Mr. Felsher’s […]