China says economy czar to visit Washington for trade talks

China’s economy czar, Vice-Premier Liu He, will visit Washington on Jan. 30-31 for talks aimed at ending a costly tariff war over U.S. complaints about Beijing’s technology ambitions. Liu’s participation reflects involvement at a higher political level than talks earlier this month in Beijing between lower-level officials. No details were released, but economists and business […]

European stocks, banks gain after Brexit deal defeat while U.K. shares lag

British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May’s resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing political uncertainty investors focused on results and M&A news. A defeat had largely been priced in already, though its magnitude came as a surprise. Analysts and investors […]

California utility, battered and blamed in wildfires, filing for bankruptcy protection

Pacific Gas and Electric said it plans to file for bankruptcy protection amid potentially massive liabilities resulting from the deadly California wildfires. The announcement Monday follows the resignation of the company’s chief executive, Geisha Williams, a day earlier. John Simon, the company’ general counsel since 2017, will serve as interim chief executive. Officials are investigating whether […]

Pro-pipeline First Nations spar with environmental activists over ‘devastating’ tanker ban bill

First Nations chiefs and leaders who say they represent over 200 Indigenous communities in B.C. and Alberta are fighting back against the federal government’s plan to ban all oil tanker traffic off the coast of northern B.C., calling it an “attack” on the energy industry that will impoverish remote First Nations. Chief Roy Jones Jr. of […]

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 […]

Sunwing flight in 2017 avoided ‘catastrophic’ disaster as jet took off too slowly

Britain’s air safety regulator revealed details Wednesday of a Sunwing flight last year that narrowly avoided disaster after the flight crew inputted incorrect air temperature readings, which caused the jet to overrun the runway, run over a warning light and left it with just enough speed to get into the air. According to a report from […]

Trudeau told Trump in Paris he wants to ‘resolve’ tariffs issue before G20 in Argentina

Prime Minister Justin Trudeau used some face time with U.S. President Donald Trump in Paris on the weekend to raise the issue of the U.S. steel and aluminum tariffs that still have not been lifted despite the successful conclusion of the NAFTA talks. French President Emmanuel Macron hosted a private dinner on Saturday night for […]

StatsCan’s plan to harvest private banking info on hold, pending investigation

The country’s chief statistician says his agency’s controversial plan to harvest individuals’ banking information is on hold until the privacy commissioner completes an investigation into widespread concerns about the project. Statistics Canada recently caught nine financial institutions off-guard by asking them to share the private banking information of Canadians in 500,000 dwellings across the country. […]

Your personal financial data is safe, says head of Statistics Canada

The head of Statistics Canada is assuring Canadians that their personal financial data is safe after days of Conservative criticism over the agency’s move to collect the financial transaction data from 500,000 people. “I understand the concerns that Canadians have and want to assure them that their personal information is carefully protected, and never shared publicly,” […]

Canadian GDP expanded by 0.1% in August

Statistics Canada says real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase. Thomson Reuters Eikon says economists had expected no change for the month. Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12 of […]