Forecasters expect energy market volatility to continue in 2019

Some energy experts are predicting even more volatility in 2019 with respect to the financial markets. More than 1,000 people gathered at the 42nd annual Forecaster Dinner at the Telus Convention Centre in Calgary on Thursday, “I’m not going to sugar coat it — we are going to have less investment in Western Canada than we’ve […]

Huawei exec’s arrest halting Chinese firms’ Canadian expansion plans, says auto sector spokesman

Several Chinese automakers planning to expand production into Canada have put their plans on hold over the Vancouver arrest of Chinese telecom giant Huawei’s CFO, says Flavio Volpe, president of the Automotive Parts Manufacturers’ Association. “Those companies are saying, ‘Look, while we’re still interested of course, North America is a target market for our goods […]

‘It’s like they robbed me’: Rapper 2 Milly on why he’s suing makers of video game Fortnite over dance moves

Rapper 2 Milly’s lawsuit against the makers of the wildly popular video game Fortnite is raising questions about whether unique choreography can be copyrighted. The New York-based hip-hop artist, whose real name is Terrence Ferguson, is claiming Epic Games ripped off a signature dance move popularized in 2015 called “Milly Rock” and renamed it “Swipe it.” “If you have […]

Aphria names special committee to investigate allegations by short-sellers

Marijuana producer Aphria Inc., says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading accusations” by the […]

Auto sales dip 9.4% in November, marking 9 months of declines

Auto sales in Canada were down for the ninth straight month in November, dipping 9.4 per cent to 143,668 vehicles. This year will mark the first since 2009 that auto sales have not expanded, but 2018 will still be second only 2017 in sales volume, according to DesRosiers Automotive Consultants Inc. Annual sales are 44,000 […]

GM plant in Oshawa, Ont. to shut down

Sources inside the government have confirmed that a General Motors plant in Oshawa is set to close. It’s unclear how many employees will lose their jobs, since this is part of a larger global restructuring plan, the sources said. In a statement, Unifor, the union representing auto workers at the plant, said they have not heard “complete […]

Culinary tourism hobbled by taxes, labour shortages, says internal report

The Liberal government’s grand plan to make Canada a “culinary destination” for foreign tourists — think poutine or potted moose — is getting some turbulence from restaurant owners. Internal consultations with restaurateurs show they’re bristling over a new federal alcohol tax and struggling with shortages of uniquely Canadian food items that tend to be produced for […]

Morneau to outline plan to boost business competitiveness in fiscal update

Finance Minister Bill Morneau will deliver an update on the country’s finances today and outline his plan to keep Canada competitive as the U.S. takes bold steps to lure investment and boost business growth. Morneau is expected to stress that Canada’s economy is strong overall — but faces competitive challenges from the deep tax cuts and regulatory reforms […]

Hidden camera reveals how bank employees mislead and upsell on pricey credit card insurance

A Marketplace hidden camera investigation is raising questions about how bank employees are selling a pricey and controversial product marketed to help with credit card payments if you lose your job or get sick. It’s called credit card balance insurance, or balance protection insurance — and if you’ve signed up for a credit card, chances […]

Long-term loans: The fuel that’s powering Canadian car sales

This story is part of a series we’re calling Debt Nation looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on mortgages and credit card debt. Canadians are buying more cars than almost ever before, but a closer look reveals they’re taking longer and longer to pay […]