Instagram co-founders resign with no explanation

The co-founders of Instagram are resigning their positions with the social media company without explanation. Chief executive Kevin Systrom said in a statement late Monday that he and Mike Krieger, Instagram’s chief technical officer, plan to leave the company in the next few weeks and take time off “to explore our curiosity and creativity again.” […]

Teck’s $20B Frontier oilsands project heads to joint review hearing

If it’s true that the era of mega oilsands projects is coming to an end, one proposed project stands as an outlier. On the heels of the grand opening this month of Suncor’s $17-billion Fort Hills facility, another proposed mega-mine promises to employ thousands, invest billions and challenge prevailing views that the big mine is dead. Teck Resources Ltd.’s Frontier mine project […]

John Hancock will sell life insurance only to people who use fitness trackers

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156-year-old insurer, owned by Canada’s Manulife Financial Corp, marks a major […]

Canada’s concession on dairy not enough to seal NAFTA deal, U.S. economists say

There’s been growing calls from both sides of the border for Canada to make concessions on its protected dairy sector in order to finally reach a new North American Free Trade Agreement with the United States. Many argue that Canada has already made concessions in the sector to secure other trade agreements like the Trans-Pacific Partnership (TPP), and […]

Facebook files patent infringement complaint against Blackberry in U.S. court

Facebook Inc. has filed a patent infringement complaint against BlackBerry Ltd. in a San Francisco court. The social media giant alleges that Waterloo-based BlackBerry and its BBM Enterprise instant messaging application is infringing on patents on voice instant messaging technology that Facebook holds. Facebook is also taking aim at BlackBerry’s use of global positioning systems […]

Scotiabank CEO: U.S.-Mexico breakthrough is a positive, relieves ambiguity

Scotiabank’s CEO believes this week’s breakthrough in trade talks between the United States and Mexico is positive for the bank as it relieves some of the lingering uncertainty about the fate of the North American Free Trade Agreement. “We look forward to the next piece of NAFTA being solved, hopefully in a number of weeks, […]

U.S. SEC subpoenas Tesla over Musk’s tweets: report

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. Subpoenas typically indicate the SEC has opened a formal investigation into a matter. Tesla and the SEC […]

U.S. ‘showing more flexibility’ on autos in NAFTA talks, Mexican official says

The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday. Guillermo Malpica, head of the trade and NAFTA office for the Mexican government, said the United States had “started showing more […]

Last of the FAANGs: Apple set to report Q3 results Tuesday

​Apple Inc. reports after the closing of stock market trading on Tuesday with much of the attention likely to be focused once again on the future of the company’s key product, the iPhone. According to Bloomberg, analysts’ consensus forecast for adjusted earnings per share for the quarter stood at $2.16 US. The consensus revenue forecast for the quarter […]

Higher prices at Loblaws and cars by subscription: CBC’s Marketplace consumer cheat sheet

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Higher prices on Loblaws shelves If you buy your groceries at Loblaws, you’ll likely be paying more at the checkout soon. Loblaw CEO Galen Weston said Canada’s […]