Bad week at the box office: Ticketmaster faces call for federal probe in the U.S.

A congressman is calling on the U.S. attorney general to investigate possible “corruption” and “market malfeasance” at global entertainment giant Live Nation after a recent CBC/Toronto Star report exposed a secret partnership between the company’s Ticketmaster division and scalpers. Bill Pascrell, a Democrat from New Jersey, cited the revelations from the CBC reporting in a letter […]

Heavy snow delays harvest after tough season for Alberta farmers

Farmers in Alberta are racing against the clock to harvest their crops after heavy rain and snow in September left fields too wet to work. The wet weather delays followed a dry summer that already had farmers bracing for a hit to their yields. Kevin Bender, who farms west of Red Deer and is the chair of the Alberta Wheat […]

SEC settlement could be just the beginning of more turmoil at Tesla

Elon Musk, the brash tech multi-billionaire with the badass reputation, has been chastened but not broken. The chairman and chief executive of Tesla Inc. settled a case brought by the U.S. Securities and Exchange Commission (SEC), which accused him of deliberately misleading investors through a series of social media postings back in August. The settlement, which […]

Amazon to open 10-acre shipping warehouse on Tsawwassen First Nation land

Amazon has announced plans to open a new Metro Vancouver shipping warehouse on Tsawwassen First Nation land in Delta, B.C. Amazon spokeswoman Lauren Lynch said Thursday that the 450,000-square foot (10-acre) facility will create more than 700 full-time jobs and is expected to open in time for the Christmas holiday season next year. The facility will be located […]

Destructive weather prompting corporate rethink on ignoring costs of climate change

Many in Canada’s business community are waking up to the realities of climate change because they are bearing the brunt of paying for it — and starting to plan accordingly. Jim Manderville knows first-hand the types of destructive weather-related events that businesses are having to deal with. A senior project manager for large loss at Toronto-based recovery firm […]

NAFTA talks ‘very likely’ on sidelines of UN General Assembly, Trudeau says

U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major UN meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end of September, negotiators are making […]

Canada loses 51,600 jobs in August, pushing up unemployment rate

The economy lost 51,600 jobs last month, which drove up the unemployment rate and essentially wiped out a big gain in July, Statistics Canada said Friday. The country’s jobless rate hit six per cent in August, up from 5.8 per cent in July, according to the agency’s labour force survey. The often-volatile monthly employment numbers followed […]

Don’t dig Trans Mountain’s grave just yet

The knee-jerk reaction in Calgary to the Federal Court of Appeal’s ruling to halt construction of the Trans Mountain project was ugly. Oil company share prices plunged, fears were enflamed about further energy investment fleeing Canada, and hopes were dashed about Alberta ever getting another new oil export pipeline. Basically, the $4.5-billion project the federal […]

Former Enron CEO released from prison to halfway house

Jeffrey Skilling, the former chief executive officer of Enron who received a 24-year prison sentence for his role in the company’s spectacular collapse, has been released from an Alabama prison camp and moved to a halfway house, records from the U.S. Bureau of Prisons showed on Thursday. Lawyers for Skilling were not immediately available for […]

Infrastructure agency hands $1.28B loan to Montreal rail project

The nascent federal agency designed to find new ways to finance construction of transit systems is making its first investment in a multibillion-dollar electric rail system in Montreal. The Canada Infrastructure Bank says it will provide a $1.28-billion loan to help build the system, best known by its French acronym REM. The loan includes an […]