Paul Godfrey steps down as Postmedia CEO as company announces $1.4M loss

Paul Godfrey is stepping down as CEO of Postmedia Network Canada Corp. but will remain as executive chairman of the company, which owns the National Post, other newspapers and digital publications. Andrew MacLeod, who has been Godfrey’s second in command since 2016, becomes Postmedia’s chief executive officer.   The announcements came as the owner of the National […]

Ottawa offers $1.6B backstop for energy sector as political tensions with Alberta fester

The federal government is promising more than $1.6 billion — most of it in commercial loans —  to support the ailing energy sector, as political tensions in the Ottawa-Alberta relationship simmer. Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr made the announcement in Edmonton this morning. The bulk of the money […]

Air Canada accused of ‘lying’ to customers to avoid paying up to $2,100 for lost luggage

Scott Bissell says Air Canada is “trying to get away with paying the least amount of compensation possible,” after the airline lost his luggage on a trip to Florida and initially told him it wouldn’t pay him back for clothes or any other necessities while he waited for his bag. Under federal law, when an […]

2 junior oil firms cut dividends, output as prices remain ’embarrassingly low’

A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work to […]

Canada will feel oilpatch pain, but likely not as bad as 2015: Poloz

The negative impacts of low oil prices that have struck Western Canada will reverberate across the entire national economy, the head of the Bank of Canada said Thursday. But governor Stephen Poloz estimates the latest drop in crude prices will likely have less bite across the country than the 2015 oil-price crisis, which contributed at […]

Amazon picks New York, northern Virgina for new headquarters: reports

Amazon plans to announce on Tuesday that it has selected New York and northern Virginia as the locations for its new headquarters, according to multiple reports. The retail giant plans to announce on Tuesday its selection of the Queens neighbourhood of Long Island City and an area of Arlington, Va., known as Crystal City, the Wall Street […]

‘I was beginning to lose hope’: Woman battles bank for 2 years for information on her own account

An Edmonton woman who spent two years battling her bank for information about her own account is defying a confidentiality agreement to go public about what happened, in a bid to shed light on a highly secretive system she says is stacked against the customer. “Numerous phone calls, numerous emails. I documented everything,” Rhonda McMillan told Go Public […]

‘Mismatch’ between what telco customers expect and what they actually get, CRTC told

Government-ordered hearings into complaints about Canada’s largest telecommunications providers got underway Monday with an industry-funded ombudsman saying his group has limited insight into problem sales practices. The Commission for Complaints for Telecom-Television Services — a private-sector body — has found the biggest problem is a “mismatch” between what customers expect and what they actually get, […]