Costco-style membership for hay aims to modernize handshake deals

Cindy Wilinski says 100 years ago if you needed to buy hay for your livestock you tracked down a local farmer, by phone or in person, made a deal and hoped the product was as good as advertised. She said nothing much has changed today, except now it might be purchased via an email or over text […]

Coal-fired plants shutting down, despite Trump’s promises

More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican administration’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than 23,400 megawatts (MW) of coal-fired generation were shut […]

Jane Philpott tapped to fill Treasury Board cabinet vacancy

Indigenous Services Minister Jane Philpott has been chosen to fill the cabinet vacancy as president of the Treasury Board, CBC News has learned. Prime Minister Justin Trudeau will shake up his cabinet Monday morning, likely the last change before Canadians head to polls later this year.  Liberal sources also said Veterans Affairs Minister Seamus O’Regan would be moved to replace […]

Fiat Chrysler agrees to U.S. diesel-emissions settlement worth $800M US

Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million US to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, according to court filings on Thursday. The settlement includes $311 million in total civil penalties, up to […]

Algoma Steel Inc. getting help from governments as tariff squeeze continues

Federal and provincial ministers will arrive in Sault Ste. Marie, Ont. Thursday afternoon to announce financing for new investments at Algoma Steel Inc. as it emerges from three years of bankruptcy protection. The restructuring of the company — Canada’s second-largest steel producer — took place under challenging and uncertain circumstances. There’s no sign of U.S. steel tariffs ending […]

Online ads spoil Christmas surprises, raising privacy concerns

Lisa Clyburn knew she had found the perfect gift for her nine-year-old son: a feline-themed logic game that would appeal to his passion for cards and cats. But when the Edmonton child psychologist pulled out her phone to show her son a funny cat video on Facebook, she fears she may have inadvertently tipped him […]

Espionage, ID theft? Myriad risks from stolen Marriott data

The data stolen from the Marriott hotel empire in a massive breach is so rich and specific it could be used for espionage, identity theft, reputational attacks and even home burglaries, security experts say. Hackers stole data on as many as 500 million guests of former Starwood chain properties over four years including credit card […]

Fall economic statement sets target of 50 per cent export growth by 2025

Finance Minister Bill Morneau’s Fall Economic Statement puts more money where the Trudeau government’s mouth is on its trade diversification strategy, in an attempt to nudge more businesses into pursuing export markets beyond the United States. A new export diversification strategy allocates $1.1 billion over the next six fiscal years, starting in 2018-19, to improve […]

Global markets sink again as tech and retail stocks drop

Stocks are skidding Tuesday morning, putting the market back into the red for the year, as weak results from retailers and mounting losses for big technology companies compound the market’s losses from the day before. Energy and industrial companies are also dropping. Target plunged after reporting earnings that missed Wall Street’s estimates, while Ross Stores, […]

Mexican protests could signal fluctuating avocado prices this season

Avocados have become so ubiquitous they are easy to take for granted. But there’s a battle taking place behind the scenes that could cause prices to rise for the hot commodity. Canadians love avocado. In fact, imports to the country have increased 40 per cent since 2013, and the vast majority — 94 per cent — of the […]