Toronto hits record close, while U.S. markets also gain ground

The base metals and industrial sectors helped Canada’s main stock index close at a record high Monday, while U.S. stock markets also climbed higher as technology companies and banks rose. Stocks were up across North America following positive economic data from Canada and the U.S. last week, said Craig Fehr, a Canadian markets strategist with […]

Tesla is a cautionary tale of too much automation, too soon

When Tesla CEO Elon Musk announced plans to ramp up production of his company’s ambitious new Model 3 electric sedan last year, he warned that months of “manufacturing hell” lay ahead. But after nearly a year of ups and downs, the automaker finally hit a crucial target at the end of June: it made 5,000 […]

Airbus says first results of C Series partnership with Bombardier will be proven at airshow

The CEO of Airbus says it will reveal the first results of its majority stake in Bombardier Inc.’s C Series program at an upcoming international airshow near London. Tom Enders didn’t specifically mention whether new orders will be announced at Farnborough, the premier aerospace show where the world’s largest aircraft manufacturers sign important orders. But […]

Your smart fridge could be mining bitcoins for criminals

Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals. As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: putting malicious software on peoples’ handsets, TVs and smart fridges that makes them mine for digital money. So-called “cryptojacking” attacks have […]

Economy unexpectedly lost 7,500 jobs in May as unemployment rate held at 5.8%

The Canadian employment picture was weaker than expected in May, as the country unexpectedly lost about 7,500 jobs, according to figures released Friday by Statistics Canada. The average expectation of 14 forecasts was for the country to add just over 22,000 jobs last month, Bloomberg news said. Despite the small drop in the number of people working, the […]

What 2 small Canadian steelmakers think of this week’s tariff outbreak

The first skirmishes of an unexpected trade war between Canada and the United States are underway. And while the ultimate impact is still hard to predict, two Canadian companies on the front lines expect collateral damage on both sides. Jon Hobbs, president of AltaSteel, a Canadian company that produces about 300,000 tonnes of hot-rolled steel […]