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 […]

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 […]

Why Rachel Notley’s refinery pitch won’t solve the oilpatch’s problem

Considering the recent oil price crash in Western Canada and the fact a provincial election is expected in the spring, the Alberta government is trying to pull out all the stops to lift the oilpatch out of the doldrums​. Buying railway oil tank cars, subsidizing petrochemical plants and mandating oil production cuts are some of the NDP’s moves to […]

National security ‘comes first’ on Huawei 5G review: infrastructure minister

Infrastructure Minister Franç​ois-Philippe Champagne says national security must come first in deciding whether to allow Huawei Technologies to take part in developing Canada’s 5G telecommunications network. In an interview, Champagne said Canada needs to be prudent and rely on the input of its intelligence services before ruling on whether the Chinese firm should be involved […]

Cannabis producer Aphria drops 30% after short seller calls acquisitions ‘worthless’

Shares in Canadian cannabis company Aphria Inc. fell to their lowest level in more than a year on Monday after a short seller published a report alleging the company has wasted hundreds of millions on foreign acquisitions that are essentially worthless. At a short-selling conference in New York, Gabriel Grego of Quintessential Capital Management outlined his […]

Allowance apps are the modern piggy banks and they could really help your kids

Canadian youth get top marks for financial literacy, but more than one in ten 15 year olds struggle with basic financial skills. That’s according to the last assessment of financial literacy in teens by the Organisation for Economic Co-operation and Development. Judith Cane is an Ottawa-based professional money coach and sees it play out in […]

Royal Bank profit rises to record $12.4B for the year

Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to $3.25 billion, surpassing analyst expectations to mark a new record annual profit of $12.4 billion. The Toronto-based bank’s results for the three-month period ended Oct. 31 were driven by strong performances in its personal and commercial banking, capital markets, wealth […]

New Brunswick joins provinces affected by E. coli linked to romaine lettuce

A case of E. coli thought to be linked to romaine lettuce has been confirmed in New Brunswick, making it the third province affected by an outbreak that has now made 19 people in Canada ill.  “New Brunswickers should avoid eating romaine lettuce and salad mixes containing romaine lettuce until more is known about the outbreak […]

Lack of Romaine lettuce recall leaves grocers in a lurch

Grocery chains across Canada moved quickly to take Romaine lettuce that could be contaminated with E. coli off their shelves on Wednesday. But the lack of a formal recall notice for the product has made things more difficult by muddying the waters of who will pay for all that wasted food. Health authorities in the U.S. and Canada […]

Elon Musk replaced as Tesla chair

Tesla announced that Elon Musk’s replacement as its chair will be Robyn Denholm, currently chief financial officer at Australian telecommunications operator Telstra. Tesla weathered a rocky few months in the wake of Musk’s tweets that he had “funding secured” for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the Securities and Exchange […]