Home Capital shares sell off after Berkshire Hathaways discloses it’s sold most of its stake

Shares in Canadian mortgage company Home Capital fell as much as 18 per cent on Wednesday after word came out that Warren Buffett’s company Berkshire Hathaway had sold most of its stake in the company. Home Capital’s TSX-listed shares were changing hands at just over $14 on Wednesday, off by more than $2 from Tuesday’s close […]

Huawei’s CFO walks free on $10M bail as she awaits extradition proceedings

Huawei’s chief financial officer has been released on $10 million bail — with five guarantors — as she awaits possible extradition to the United States on fraud charges. Meng Wanzhou, 46, was granted bail after three days of hearings concluded on Tuesday afternoon. She exited through a side door at B.C. Supreme Court in downtown Vancouver around 8 p.m. […]

Regular women as lingerie models? Start-ups challenge Victoria’s Secret to get ‘real’

Tall, slim and sexy. Sunday night’s broadcast of the annual Victoria’s Secret Fashion Show featured the usual suspects: supermodels in tantalizing bras, panties and garter belts, strutting their stuff down the runway — and straight into controversy. “Every single year I say, ‘This is going to be the year they start including women of different sizes and […]

Canadian banks hire ‘ethical hackers’ to improve and test cybersecurity

Hackers are targeting Toronto-Dominion Bank’s internal systems at all hours using cutting-edge techniques, but the bank’s head of cybersecurity isn’t losing sleep over them — they work for him, after all. The bank established late last year an in-house “red team” of ethical hackers — cybersecurity professionals who attempt to hack a computer network to test […]

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 […]

Fairfax buys 13.7 per cent stake in Stelco for $250M

Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each. That price represents a 4.2 per cent premium to Stelco’s closing price […]

Imperial Oil forges ahead with construction of $2.6B Aspen oilsands project

Imperial Oil Ltd.’s commitment to begin construction this year on its $2.6-billion Aspen oilsands project in northern Alberta comes less than a week after it received long-awaited approval from the Alberta government. The speed of the announcement Tuesday surprised observers who have watched Calgary oilsands rivals including Canadian Natural Resources Ltd., Cenovus Energy Inc. and […]

Barrick shareholders give vote of confidence for Randgold takeover

Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd. The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick’s portfolio. The deal would also see […]

Fragmented bus service market emerges as Greyhound exits Western Canada Oct. 31

A hodge-podge of public transportation services are already starting to fill the gap as Greyhound Canada moves steadily towards its midnight Halloween disappearance from most of Western Canada. The venerable national motor coach operator is being replaced by a mix of provincial government-subsidized services, Indigenous-owned bus lines, locally owned startups, flexible fleets of shuttle buses […]