Halifax man with business dealings in Syria now under EU sanctions

A Halifax man who was the first person charged with violating Canada’s economic sanctions against Syria is now accused of violating the European Union’s sanctions as well.  Nader Kalai — a Syrian national with permanent residency in Canada — is known to be a close associate of Syrian President Bashar al-Assad and his loyalists. On Monday […]

DNA ancestry tests, food waste and juice gets squeezed: CBC’s Marketplace consumer cheat sheet

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Why do we waste so much food? Buying more than we need and expiration dates are partly why more than half of all food produced in Canada is lost or wasted, according to a Toronto […]

Race on to partner with Ontario’s cannabis retail licence winners

Businesses and investors are rushing to partner with the 25 winners of the Ontario cannabis retail licence lottery, with offers apparently worth millions of dollars, to be involved in the province’s first recreational weed stores set to open this spring. Olivia Brown, the founder of Hamilton, Ont.-based Professional Cannabis Consulting, says one of her clients […]

Canada among targets of alleged Chinese hacking campaign

Companies in Canada were among the targets of two Chinese citizens charged with waging an extensive hacking campaign to steal valuable data over many years, U.S. authorities say. In an indictment unsealed Thursday, prosecutors say Zhu Hua and Zhang Shilong were acting on behalf of China’s main intelligence agency to pilfer information from several countries. […]

Ride-hailing services Uber and Lyft preparing to become public companies

The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings to the U.S. Securities Commission for initial public offerings of shares. Timing of the listings is uncertain, given the current turmoil in stock markets, but the filings made last week leave the door open for IPOs in […]

Huawei CFO Meng Wanzhou wanted in U.S. for fraud, bail hearing told

A top Chinese telecommunications executive is wanted for extradition from Vancouver to the U.S. on allegations of fraud, including using a shell company to skirt international American sanctions over five years, a bail hearing has heard. Crown counsel said Meng Wanzhou, the chief financial officer for the tech giant Huawei, is “charged with conspiracy to defraud multiple international […]

China promises prompt action on U.S. trade pact

A Chinese government spokesperson says Beijing will “immediately implement” terms of a tariff cease-fire with Washington and is “full of confidence” a trade agreement can be reached within 90 days. The Commerce Ministry spokesperson, Gao Feng, said Thursday that talks will start by focusing on trade in farm goods, energy and automobiles. Asked to confirm President […]

BMO hikes dividend after profit rises 38% in 4th quarter

Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to shareholders […]

Three ways the new NAFTA deal kept changing after it was announced

Turns out the negotiations to revise the North American trade agreement didn’t end when the agreement was announced Oct.1. The 60-day period leading up to its formal signature in Buenos Aires on Friday included an additional two months of haggling over specific parts of the deal. Several significant changes were made over the last two months during a […]

NASA chimes in on Beaufort Sea drilling rigs

The federal agency that oversees offshore petroleum leasing has received comment on Arctic Ocean drilling from a surprise source — NASA. Alaska’s Energy Desk reports that the Bureau of Ocean Energy Management asked for comment as the Trump administration considers a 2019 lease sale in the Beaufort Sea. A letter from NASA says Beaufort Sea […]