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 […]

Oilpatch CEOs support Indigenous bid for Trans Mountain

Some oilpatch CEOs are supporting a bid by Indigenous groups in Western Canada to purchase the Trans Mountain pipeline and the proposed expansion project. Indigenous leaders are in Calgary this week to find consensus on what type of ownership and management system would be ideal. The Indian Resources Council (IRC) is behind the potential bid […]

Freedom Mobile powers Shaw’s Q1 growth, cable video subscriber base declines

Shaw Communications Inc. beat analyst estimates for profit and revenue in its fall quarter, powered by its Freedom Mobile wireless business. Since acquiring Wind Mobile, Calgary-based Shaw has spent heavily to improve the capabilities of its wireless network, which operates in the more heavily populated portions of Ontario, Alberta and British Columbia. Shaw’s ability to […]

Amazon says it plans to create 600 new tech jobs in Toronto

Amazon plans to create 600 new tech jobs in Toronto, the company announced Tuesday as it expanded its footprint in the city’s downtown core. The online retail behemoth said the jobs should be filled in the next five years, and noted that 800 so-called “Amazonians” already work in Ontario’s provincial capital. The new jobs will […]

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 […]

Sears pensioners hope to recoup their losses in $509M lawsuit

A court decision has given Sears Canada retirees hope they can recoup some of the millions of dollars missing from the now-defunct retailer’s underfunded pension plan.  An Ontario Superior Court judge on Monday gave the green light to two lawsuits targeting U.S. billionaire businessman, Eddie Lampert and his hedge fund, ESL Investments, in connection with $509 million in dividends […]

Worst day for oil since 2015 as WTI price falls to $50 US a barrel

The price of a barrel of the most common blend of U.S. oil fell to its lowest level in more than a year, as fears of a global supply glut came roaring back to life. A barrel of West Texas Intermediate was going for $50.39 US a barrel, down by $4.24 on the day. WTI […]

Ottawa gives formal notice of back-to-work legislation in Canada Post dispute

Federal Labour Minister Patty Hajdu says the federal Liberals have given the House of Commons notice that they’re prepared to legislate Canada Post employees back to work. Hajdu says 48 hours’ notice is required before introducing back-to-work legislation, but insisted that having done so doesn’t mean the government will make the move to end rotating […]

WestJet’s third quarter profits tumble as fuel costs soar

WestJet Airlines Ltd. reported a third-quarter profit of $45.9 million, down from a profit of $135.9 million in the same quarter last year amid rising fuel prices. The airline says the profit amounted to 40 cents per diluted share for the quarter ended Sept. 30, compared with $1.15 per diluted share a year ago. Revenue […]