Texting service used by schools complains about fees charged by Bell, Rogers

Two of Canada’s largest mobile phone services are being targeted by a social media campaign launched by Remind.com, a San Francisco-based company that provides a free two-way texting service for teachers, students and parents. Remind is calling on its Canadian users — nearly one million individuals, according to the company — to pressure Rogers and […]

As Bezos divorce unfurls, investors wonder — what does it mean for Amazon?

Amazon shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion US, said via Twitter on Wednesday that […]

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 […]

OSC settles with Glencore unit Katanga for $30M for misleading about Congo operation

A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company’s misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo. Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will make […]

Canada’s relationship with Trump reaches a ‘new level of frustration’ over Huawei comments

Canada’s relationship with Donald Trump has reached a “new level of frustration” after the U.S. president’s comments this week on the arrest of Huawei’s chief financial officer, says a senior source. Canada recently detained the chief financial officer of the Chinese telecommunications firm Huawei, Meng Wanzhou, on an extradition request from the U.S. She has been released on […]

Competition Bureau checks WestJet’s discount airline Swoop for predatory pricing

Canada’s competition watchdog is looking into whether or not WestJet’s discount carrier Swoop has been offering airline tickets at below cost just to push rivals out of those routes. As first reported by Ottawa-based political publication Blacklock’s Reporter, the Competition Bureau of Canada has begun an investigation into whether or not Swoop has engaged in […]

U.S. stocks plunge following Huawei arrest

Stocks are plunging again as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between Beijing and Washington. A steep drop in Boeing, which would suffer in an extended trade battle, helped drag the Dow Jones Industrial Average down more than 600 points Thursday morning, rebounding slightly in the early afternoon. […]

Cannabis producer Aphria stock plunges for 2nd day as company rebuts short seller’s fraud allegations

Shares in Canadian cannabis company Aphria Inc. plunged for the second day in a row on Tuesday as the company fought back against allegations from a short seller that its recent slew of overseas takeovers are worthless and designed only to enrich company insiders. The company’s shares on the TSX closed down 27 per cent on […]

Oil bottlenecks pose ‘extraordinary’ challenge for Western Canadian energy sector: report

Alberta’s “ongoing and acute” issues with getting crude to market pose an “extraordinary” challenge for the province’s energy sector, says a new report from Scotiabank Economics. But it says the provincial government must set a “high” bar for intervening directly in the energy sector, adding it should only be done in “an effort to prevent extreme value destruction.” […]