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 […]

Stock exchanges opt for lottery to award POT ticker symbol to some lucky company

Canadian stock exchanges have decided to award the rights to use the “POT” ticker symbol via a lottery, after a deluge of requests for the marijuana-related moniker. After what the exchanges call “significant interest” in using the symbol, the Canadian Securities Exchange, the Toronto Stock Exchange, the TSX Venture Exchange, and the Aequitas Exchange have jointly […]

Netflix hikes U.S. prices by up to 18 per cent

Netflix is raising its U.S. prices by 13 per cent to 18 per cent, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. […]

Electronic surveillance proposed as bail hearing for Huawei CFO resumes

The bail hearing for a top executive of China’s Huawei Technologies resumed in Vancouver on Monday, the next step in a case that has spooked international financial markets and threatened to damage the delicate trade relationship between the United States and China. Meng Wanzhou, Huawei’s chief financial officer and daughter of its founder, was arrested in Vancouver on Dec. 1 on suspicion […]

6 things to know about Canada’s oil-price gap, from gluts to the differential

The Alberta government has ordered a mandatory cut to crude oil production next year to deal with historically low prices being paid for Canadian oil. Here are six things to know about Canada’s resource: Light or heavy Each type of oil around the world has its own price. New-York-traded West Texas Intermediate (WTI), delivered at […]

Notley says Alberta will buy rail cars to move oil, wants Ottawa to chip in

Alberta Premier Rachel Notley said today her government is only weeks away from finalizing a purchase of rail cars to move oil and help close massive price gaps that have short-changed government coffers and Canadian oil producers. She also said she wants the federal Liberal government to contribute financially to the plan. “We’re not wasting any […]

Rental vacancy rate dips to 2.4% across Canada, CMHC says

Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency says in 2018, the vacancy rate across the country was 2.4 per cent, down from […]

As Via Rail prepares to announce winning bid for trains, Garneau warns Bombardier can’t be favoured

Free trade agreements with Europe and the United States prevent Via Rail from favouring Bombardier in the awarding of contracts, federal Transport Minister Marc Garneau says. Garneau reacted this morning to a report that Via Rail is preparing to award a $1-billion contract for new trains to the German firm Siemens AG. La Presse reported […]

Zero-emission rules mean fewer electric car choices for most Canadians: Don Pittis

Canadians trying to buy the electric vehicle of their choice in many parts of the country are finding it almost impossible — and a provincial strategy intended to get more green cars onto dealers’ lots may actually make the problem worse. The strategy — called a zero-emission vehicle standard, or “ZEV mandate” — has already been imposed in Quebec. There are now widespread rumours that British […]