Nuclear fusion, a disruptive power source for crowded cities: Don Pittis

The battle to replace fossil fuels with low-carbon power is bumping up against a new practical reality. As people crowd into cities, the world’s need for concentrated power sources is growing just as low-carbon green power is heading in the opposite direction. While the world needs high-density energy — the amount of power used or produced in a […]

Preparing for the worst: Britons stockpile food in case Brexit causes shortages

With canned vegetables, tuna, beans, pasta and sauces, Jo Elgarf’s cupboards are packed. There’s no room left. “It’s just my insurance policy in case everything goes wrong,” she said in her home in suburban London. Elgarf has been buying extra groceries since last June, fearing Britain will leave the European Union in a disorderly fashion, […]

Algoma Steel no longer in creditor protection

One of the largest employers in Sault Ste. Marie, Ont. is now out of creditor protection and its new owners have officially taken over. Algoma Steel Inc. announced on Friday that is has successfully completed the purchase of all the assets of Essar Steel Algoma Inc. and is no longer under creditor protection. It had […]

GM cuts will be painful but better now than during a recession: Don Pittis

“It could have been worse,” will be of no comfort to those affected by the shutdown and job losses at General Motors. It has been a shock to affected families and to the communities where plants are closing. “It’s going to affect the province, it’s going to affect the region,” said Oshawa, Ont., mayor John Henry after hearing […]

Ottawa’s plan to set up a national securities regulator would be constitutional, Supreme Court rules

The Supreme Court of Canada says the Constitution allows Ottawa and the provinces to set up a national securities regulator. In addition, the high court finds federal draft legislation for countrywide oversight of stocks, bonds and other investments falls within Parliament’s powers over trade and commerce. The unanimous ruling could help advance plans for a […]

Elon Musk replaced as Tesla chair

Tesla announced that Elon Musk’s replacement as its chair will be Robyn Denholm, currently chief financial officer at Australian telecommunications operator Telstra. Tesla weathered a rocky few months in the wake of Musk’s tweets that he had “funding secured” for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the Securities and Exchange […]

‘I’m getting ripped off’: A look inside Ticketmaster’s price-hiking bag of tricks

Buying a ticket for Saturday’s Bruno Mars concert in Toronto was probably never going to be cheap, but what many of the star’s 17,000 fans who scored a seat might not realize is it wasn’t just scalpers driving up prices. A CBC News and Toronto Star investigation reveals how box-office behemoth Ticketmaster uses its own […]

Gap appeals to court for right to renegotiate leases in malls vacated by Sears

Two retail companies want an Ontario court to allow them to exercise their co-tenancy rights and change their rental agreements at malls where failed anchor tenant Sears Canada left a vacancy. Gap Inc., which owns Gap, Banana Republic and Old Navy, and the Children’s Place filed notices of motion earlier this month asking the Ontario […]

SpaceX signs passenger to fly around the moon

SpaceX says it has signed the first private moon traveller. The big reveal on who it is — and when the flight to the moon will be — is set for Monday. It’s not the same mission plan SpaceX founder Elon Musk outlined last year. The original plan called for two paying passengers to fly around the […]

Hudson’s Bay Co., Austria-based Signa form joint venture in European retail

Hudson’s Bay Co. has completed a deal with an Austrian retail heavyweight that will see the two firms create a joint venture to operate existing businesses in Germany, Belgium and elsewhere in Europe. The Canadian retailer announced the agreement in a statement early Tuesday, saying it’s formed a “strategic partnership for its European retail and […]