EU regulator who fined Google, ordered Amazon to pay taxes, plans tighter scrutiny for tech sector

Silicon Valley’s notorious nemesis, Margrethe Vestager, plans to end her term as the European Union’s antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world’s big tech companies. As the EU’s competition commissioner, Vestager is arguably the world’s most important tech regulator. Since 2014, she has slapped […]

Virtual dealership promises no used car salesmen

When Trevor Bergmann of Halifax went looking for a second-hand car, he decided to check out a brand new way to shop for one.  “My partner Jennifer found a vehicle online — it linked through to this company, Clutch, and we thought it was the best idea ever,” said Bergmann, 36. Clutch is what could […]

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 […]

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 […]

BlackBerry to buy cybersecurity company Cylance for $1.4B US

BlackBerry Ltd. has signed a deal to acquire U.S. artificial intelligence and cybersecurity company Cylance for US$1.4 billion in cash. The Ontario-based company called Cylance a pioneer in applying artificial intelligence, algorithmic science and machine learning to cybersecurity software. “Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX […]

The GTA housing conundrum: CMHC crunches numbers on costs of downtown vs. suburban living

In the Greater Toronto Area, the added cost of a long commute often offsets the savings to be had from cheaper housing in the suburbs surrounding the city, according to a new study from the Canada Mortgage and Housing Corporation. Homeowners attracted by the affordability of a house with a plot of land in a […]

New coworking spaces let you take your kid to work, every day

After having kids, Amanda Munday realized that child care was often inaccessible and unaffordable. That’s why she opened The Workaround, a parent-friendly coworking space housed in a converted bank featuring a play area for children supervised by an early childhood educator. “[The vault] is where we relax,” said Munday. “It can be a nursing suite. It’s […]

Canadian pot stocks rise as 3 U.S. states vote to legalize cannabis in some form

Shares in major cannabis companies were higher on the TSX on Wednesday as U.S. voters in three of the four states deciding to legalize the drug in some way opted to approve those ballot initiatives. While much of the attention from Tuesday evening’s midterm election focused on the balance of power in Congress, investors were […]