Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit

Canada’s biggest bank has cut its five-year fixed-term mortgage rate, a move that other banks are likely to try to match in short order. Royal Bank edged the rate on its five-year “special offer” mortgage down to  3.74 per cent, a cut of 0.15 percentage points. Though subtle, the move is likely to prompt similar actions […]

‘Some assembly required’: Cannabis grow pods turn into new business opportunity for Winnipeg company

About six months ago, Delta 9 Cannabis CEO John Arbuthnot was busy getting ready for the looming legalization of cannabis. There was the behind-the-scenes planning for his company’s first retail pot store, the creation of supply agreements with other cannabis sellers, and then the expansion of Delta 9’s secure growing facility in east Winnipeg. Then Arbuthnot […]

Home Capital shares sell off after Berkshire Hathaways discloses it’s sold most of its stake

Shares in Canadian mortgage company Home Capital fell as much as 18 per cent on Wednesday after word came out that Warren Buffett’s company Berkshire Hathaway had sold most of its stake in the company. Home Capital’s TSX-listed shares were changing hands at just over $14 on Wednesday, off by more than $2 from Tuesday’s close […]

Tilray stock jumps on collaboration agreement with Sandoz

Tilray Inc. shares jumped Tuesday after the B.C.-based company took another step to strengthen its medical marijuana business outside Canada through a new collaboration with Novartis pharmaceutical group’s Sandoz AG. “Tilray is a global company, and we’re thrilled to build upon the success and momentum from our existing agreement with Sandoz Canada by taking our […]

Quora says hackers stole information on 100 million users

Question-and-answer website says hackers have gained access to encrypted passwords and user IDs for as many as 100 million of its users. In a note to affected users late Monday, the chief executive of the question-answering website, Adam D’Angelo, said a “malicious third party” had broken into one of its systems. Users were told they […]

Watchdog to probe how banks handle complaints

Canada’s financial consumer watchdog has got the green light to probe how banking customer complaints are handled internally and by external complaint bodies. The Financial Consumer Agency of Canada said the new review is still in the planning stages but the government’s direction in the fall economic statement Wednesday officially kicks off the process. “We’re […]

Every new car sold in 2040 will be zero-emission, B.C. government says

All new cars and trucks sold in B.C. in the year 2040 will have to be zero-emission vehicles, the premier promised Tuesday. John Horgan said the government is planning to introduce legislation in the spring to gradually phase in targets for the sale of electric cars and hydrogen fuel cell vehicles and will take steps to […]

Why tech giants don’t invest tax cuts in American jobs: Don Pittis

More than $100 billion US in tax cuts that were supposed to “make America great again” went into the pockets of well-off investors in U.S. tech companies, according to new research by one of the world’s most influential business newspapers. Just as tech share prices show signs of weakness, there are growing worries that instead […]

Trudeau’s Singapore pitch: Canada ‘just getting started’ on trade

Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada? Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits.  Canada […]