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 […]

Gillette earns kudos and criticism for tackling toxic masculinity in new ad

Personal grooming company Gillette has drawn a lot of attention for its latest ad campaign, which urges men to take a more active role in fighting toxic masculinity. The ad, which has racked up almost four million views on YouTube within a day of its release, is a series of vignettes depicting bullying, sexual harassment, […]

Fed will be patient with rate hikes, Jerome Powell says

Federal Reserve Chairman Jerome Powell says the central bank will be “patient and flexible” in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered a message of relief to stock market investors who have seen volatile swings up and down since last month, when the central bank raised the top end of […]

U.S., China leave next steps for trade talks unclear

The United States says talks in Beijing on ending a bruising trade war focused on Chinese promises to buy more American goods. But it gave no indication of progress on resolving disputes over Beijing’s technology ambitions and other thorny issues. China’s Ministry of Commerce said Thursday the two sides would “maintain close contact.” But neither […]

Canadian inflation rate sinks to 1.7% as gas prices fall

Lower gas prices pulled Canada’s annual inflation rate in November down to 1.7 per cent, the first time in 10 months it has been below the Bank of Canada’s two per cent target, underscoring market expectations that imminent interest rate hikes are off the table. Analysts in a Reuters poll had forecast the annual rate would […]

OSC settles with Glencore unit Katanga for $30M for misleading about Congo operation

A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company’s misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo. Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will make […]

BC Hydro puts out welcome mat for bitcoin miners, but experts urge caution

In the last year, cryptocurrency firms have talked about adding as much as 5,000 megawatts to BC Hydro’s electrical load. That’s about 40 per cent of the power it currently generates, and four times the maximum capacity of the yet-to-be-completed Site C dam. Just a tiny fraction of that business has materialized so far, but […]

Union chief meets with Trudeau today to push for action on GM plant closure

The president of the largest private sector union in Canada meets with Prime Minister Justin Trudeau today, still vowing to ramp up pressure on General Motors to shift production of another vehicle to Oshawa to stave off the closure of its plant there. Jerry Dias leads Unifor, the successor to the now-defunct Canadian Auto Workers. […]