Union wants Canada Post to start low-income bank and green shift. Sounds nice, but who pays?

As arbitration grinds on at Canada Post following back-to-work legislation passed in November, the union has made a series of proposals beyond standard contract negotiations on wages and benefits: they want the Crown corporation to open a new bank for low-income people and turn the post office into a hub for green technology With one of the […]

Alberta’s OPEC-style oil cuts help boost prices — but concern over fallout remains

Alberta’s mandatory oil production cuts have helped boost Canadian crude prices, but concern persists that the cure could be worse than the cold. Since the strategy was executed two weeks ago, the price gap between Canadian and U.S. benchmark crude has shrunk to under $10 US a barrel. On Friday, it was the narrowest it has been in nearly a decade. […]

Canada’s main stock index posts biggest gains in 3 years

Canada’s main stock index posted its strongest four-day gain in three years Wednesday as it was propelled by a large increase in the price of crude oil and the Bank of Canada’s latest rate announcement. The Toronto Stock Exchange continued its rebound from a dreadful autumn and tough December helped by positive news about the […]

RBC disputes report that it had access to users’ Facebook messages

The Royal Bank of Canada is disputing a report in the New York Times that says the  bank, along with many other companies, had the ability to read, write and delete users messages on Facebook’s messaging platform. The report, published in the New York Times on Tuesday is based on hundreds of pages of internal […]

Concerns of oversupply, slower global economy weigh on oil prices

Concern that there’s too much oil for a slowing global economy sent a tremor through oil markets Tuesday, as the benchmark price for North American crude fell more than seven per cent to its lowest level since the summer of 2017.  Benchmark U.S. crude plunged to $46.24 a barrel in New York. Brent crude, used to price […]

Huawei CFO argues she’s not a flight risk, seeks bail to remain in Vancouver

A top executive of China’s Huawei Technologies argued that she should be let out on bail while awaiting an extradition hearing due to her ties to Vancouver and fears for her health while incarcerated in Canada, court documents released on Sunday showed. Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail […]

TransCanada can resume some pre-construction work on Keystone XL, judge rules

A judge in Montana ruled last week that TransCanada can resume some pre-construction work on the Keystone XL pipeline. The Calgary-based company successfully argued to U.S. District Judge Brian Morris on Wednesday that it should be allowed to resume project development (like engineering and awarding contracts) and meetings with regional stakeholders, despite the fact construction on the pipeline has […]

Marriott admits to data breach affecting up to 500 million hotel guests since 2014

The information of as many as 500 million guests at Starwood hotels has been compromised, and Marriott said that it’s discovered that unauthorized access within its Starwood network has been taking place since 2014. The company said Friday that credit card numbers and expiration dates of some guests may have been taken. For as many […]

Trudeau, Trump and Pena Nieto to sign new USMCA trade agreement in Argentina

Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexican President Enrique Pena Nieto will sign the new United States-Mexico-Canada-Agreement on continental trade in Argentina Friday morning. While Foreign Affairs Minister Chrystia Freeland will be present at the event, the three leaders themselves will sign the new trade deal. Even after the deal is signed, it remains a long way […]

Trudeau, Trump and Pena Nieto to sign new USMCA trade agreement in Argentina

Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexican President Enrique Pena Nieto will sign the new United States-Mexico-Canada-Agreement on continental trade in Argentina tomorrow morning. While Foreign Affairs Minister Chrystia Freeland will be present at the event, the three leaders themselves will sign the new trade deal. Even after the deal is signed, it remains a long way […]