IMF cuts forecast for 2019 growth in Canada, world

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast for […]

Economic growth in Canada and the world is slowing, OECD says

The Organization for Economic Co-Operation and Development released new data on Monday that suggests Canada’s economic forecast has gotten progressively gloomier for almost a year, an outlook that it shares with most other major world economies. “In the United States and Germany, the tentative signs of easing growth that were flagged in last month’s assessment, have been […]

‘Greed is a powerful weapon’: Are illegal kickbacks in Ontario driving up the cost of your generic drugs?

A hidden camera investigation and confidential documents obtained by CBC’s The Fifth Estate raise questions about whether Canada’s largest pharmaceutical distributor is profiting from illegal kickbacks on sales of generic drugs in Ontario. Studies have shown this practice drives up the cost of generic drugs for all Canadians. McKesson Canada, which distributes pharmaceutical drugs to more […]

Shareholders sue Google parent company Alphabet, accusing it of covering up sexual misconduct claims

Two shareholder lawsuits filed this week accuse the board of Google parent Alphabet of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years. The company declined to comment. Both of the lawsuits seek to force Google to change its governance and oversight to stop future workplace conduct […]

Medical insurance fraud widespread, as employees, providers rip off benefit plans

Employers and their insurance providers are reeling at the proliferation of fraud rings — groups of employees that work together to abuse and exploit benefit plans, with medical services providers as their eager accomplices. “You’re sitting in the lunchroom when a co-worker comes in and says, ‘I’ve got $1,000 worth of massage receipts, $2,000 worth […]

Economic cost of Canadian oil price discounts counted in billions of dollars

Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity of […]

CRTC pitches internet code of conduct for telecom providers

Canada’s telecommunications regulator is inviting public comments on the creation of an internet code of conduct for service providers to address increasing complaints about service. The Canadian Radio-television and telecommunications Commission says the effort is distinct from the ongoing inquiry on misleading or aggressive sales practices, that will culminate in a report to government. It […]

How Iran is using ‘ghost ships’ to flout Donald Trump’s oil sanctions

It sounds like something out of a pirate story, but the normally staid world of international trade has been beset by a flotilla of ghost ships in recent weeks, and they’re weighed down by several million barrels of trouble for U.S. foreign policy. Iran is one of the world’s biggest oil suppliers, and according to official records, the […]