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 […]

As Bezos divorce unfurls, investors wonder — what does it mean for Amazon?

Amazon shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion US, said via Twitter on Wednesday that […]

Oil prices spike after OPEC countries decide on production cut

Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000 barrels […]

Unemployment reaches 40-year low with 94,100 new jobs added in November

A blast of 94,100 new jobs last month has knocked the country’s unemployment rate down to 5.6 per cent — its lowest level since Statistics Canada started measuring comparable data more than 40 years ago. The overall number marked the labour force survey’s largest monthly increase since March 2012, when there was a gain of […]

‘Striking’ APEC confrontation causes uncertainty ahead of G20

The opening photo call at the Asia-Pacific Economic Co-operation (APEC) summit Saturday turned out to be a useful roadmap for what unfolded in Papua New Guinea’s capital this past weekend. Front and centre in the shot: Xi Jinping. Stiff and straight, offering an authoritarian smile. Maybe it was the alphabet that put the Chinese president […]

Theresa May persuades cabinet on Brexit divorce, but Parliament challenge ahead

British Prime Minister Theresa May, calling it a “decisive step,” said Wednesday evening that her cabinet had signed off on a draft divorce deal negotiated with the European Union, after telling the House of Commons earlier the agreement “takes us significantly closer to delivering what the British people voted for.” May emerged from 10 Downing […]

TSX down, loonie up in wake of interest rate hike

Canada’s main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada. The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading. In New York, the Dow Jones industrial average […]

North American stock markets regain some of the ground lost earlier this week

North American stock markets shot higher in early trading, regaining some of the steep losses from earlier this week. The S&P/TSX composite index was up 107.19 points at 15,424.32, shortly after the trading day began. In New York, the Dow Jones industrial average was up 364.52 points at 25,417.35. The S&P 500 index was up […]