Big telcos hike internet prices amid soaring demand, revenues

You can run but you can’t hide from internet price hikes. That’s what Sean Barry in Powell River, B.C., learned after leaving his provider, Shaw, following a couple of price increases. He switched to competitor Telus in September only to discover that the cost of his current Telus internet plan is also going up — by $5 a month. “I […]

CRTC says cheaper data-only plans on the way

The country’s three national wireless carriers have agreed to offer “broad range” data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry’s federal regulator said Monday. The Canadian Radio-television and Telecommunications Commission ordered Bell, Rogers and Telus in March to come up with low-cost data-only plans to […]

Malaysia files criminal charges against Goldman Sachs, ex-bankers in 1MDB probe

Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB. Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion US through three bond offerings for […]

Nissan board fires chair Ghosn following arrest

Nissan’s board voted unanimously to oust its chair, Carlos Ghosn, on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault. The Japanese firm said its board also voted to remove Greg Kelly — who, like Ghosn, has been arrested after allegations of financial misconduct — from his post as representative director. The […]

Morneau’s update bolsters struggling media with $600M in tax measures

The federal government is stepping in to help the struggling Canadian media industry with new tax credits and incentives valued at nearly $600 million over the next five years. “To protect the vital role that independent news media play in our democracy and in our communities, we will be introducing measures to help support journalism […]

Grocers, innovators work to save $31B in food from being trashed in Canada each year

Lori Nikkel first discovered how much food gets wasted in Canada when she was a single mother to three hungry boys in the Toronto suburb of Etobicoke.  Nikkel and a group of other low-income mothers had convinced their local Loblaws grocery store to donate food to their children’s school for a student nutrition program.  Often, Nikkel found out, the store was […]

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 […]

Location is top factor for job hunters faced with steep housing costs

Cyndi Whaley and her family left Toronto two and a half months ago for Victoria. Toronto has more job prospects in her field of environmental science. But the Victoria position that drew the family west came with something else — a ticket out of a red-hot housing market. Although Victoria real estate is not cheap, the family’s prospects for buying a house […]