Inflation rate picks up to 2% in December

The cost of living increased at a two per cent annual pace in December, as cheaper energy prices were offset by higher prices for just about everything else. Statistics Canada reported Friday that the cost of food went up by 2.9 per cent in the past year, while alcohol and tobacco products went up by 4.4 […]

As Bezos divorce unfurls, investors wonder — what does it mean for Amazon?

Amazon shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion US, said via Twitter on Wednesday that […]

OSC settles with Glencore unit Katanga for $30M for misleading about Congo operation

A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company’s misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo. Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will make […]

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 […]

China pressures U.S., Canada as bail hearing for Huawei exec resumes

China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive resumed Monday in Vancouver. A headline in a Communist Party newspaper called Canada’s treatment of Meng Wanzhou, the chief financial officer of Huawei Technologies, “inhumane.” The Global Times editorial published in Monday’s edition followed formal […]

G20 shows steady rise of Chinese clout and fraying U.S. ties in Latin America

It took only minutes for Argentine officials to react to the White House’s version of what was said in the meeting between U.S. President Donald Trump and his G20 host Mauricio Macri: the Americans weren’t reporting the discussion accurately. It was spokesperson Sarah Huckabee Sanders who had described the bilateral talks in terms sure to […]

Diversified Metal Engineering in P.E.I. in receivership, says province

After 27 years of business in Charlottetown, Diversified Metal Engineering has been suddenly thrown into receivership. Workforce and Advanced Learning Minister Sonny Gallant and Economic Development and Tourism Minister Chris Palmer issued a written statement Monday night, saying they were aware DME’s P.E.I. operations are under receivership. “This is disappointing news, particularly for the affected employees and their […]

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 […]

Walmart ramps up self-checkout, scales down ‘scan and go’ shopping

In the race to woo customers with a seamless shopping experience, Walmart Canada is adding more self-checkout kiosks and revamping its “scan and go” system where shoppers scan their items while they shop. It appears “scan and go,” in its current form, wasn’t a “go” for many customers. Physical retailers are scrambling to make shopping more convenient while also […]