Banning Huawei from building new 5G wireless network won’t really hurt Canada’s big telecom firms

If the federal government moves to ban Huawei from working to build Canada’s new 5G network, it is unlikely to have a major financial impact on two of the country’s top communications companies who have partnered with the China-based firm, analysts say. Huawei’s equipment is already used in telecommunications infrastructure run by Canada’s major cellphone carriers, namely BCE and Telus. Those two companies are currently in […]

Airline passengers could be entitled to hefty compensation for delays, lost bags

Canadian travellers who are bumped from flights due to overbooking, or have to deal with lost or damaged luggage, could soon be eligible for hundreds of dollars in compensation. The Canadian Transportation Agency (CTA) outlined today a proposed new regulatory regime with specific financial entitlements for travellers. The proposed regulations include: A requirement for airlines to provide […]

Malaysia files criminal charges against Goldman Sachs, ex-bankers in 1MDB probe

Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB. Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion US through three bond offerings for […]

Ford F-series trucks are the most often stolen vehicles in Canada, insurers say

Auto theft is up six per cent across the country, according to a report released Tuesday by the Insurance Bureau of Canada (IBC). New Brunswick tops the lists with a 28 per cent increase, followed by Ontario with a 15 per cent increase, Quebec, up seven per cent, and Alberta, up six per cent — the highest per capita […]

Ride-hailing services Uber and Lyft preparing to become public companies

The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings to the U.S. Securities Commission for initial public offerings of shares. Timing of the listings is uncertain, given the current turmoil in stock markets, but the filings made last week leave the door open for IPOs in […]

Algoma Steel no longer in creditor protection

One of the largest employers in Sault Ste. Marie, Ont. is now out of creditor protection and its new owners have officially taken over. Algoma Steel Inc. announced on Friday that is has successfully completed the purchase of all the assets of Essar Steel Algoma Inc. and is no longer under creditor protection. It had […]

Marriott admits to data breach affecting up to 500 million hotel guests since 2014

The information of as many as 500 million guests at Starwood hotels has been compromised, and Marriott said that it’s discovered that unauthorized access within its Starwood network has been taking place since 2014. The company said Friday that credit card numbers and expiration dates of some guests may have been taken. For as many […]

‘They should know better’: Funeral home chain skirting new rule with misleading sales tactics

Nearly two years after Marketplace exposed the common practice of aggressive sales tactics at the largest Canadian-owned funeral home chain, another hidden camera investigation has revealed new examples of upselling and rule-breaking by some staff. Arbor Memorial was the subject of a 2017 investigation, which revealed huge markups, confusing charges and pushy tactics by sales […]

Facebook admits it conducted opposition research on Soros, other critics

Facebook’s outgoing head of communications is taking the blame for hiring Definers, the public relations firm doing opposition research on the company’s critics, including billionaire philanthropist George Soros. In a Facebook post that went up late Wednesday, Elliot Schrage said the responsibility to hire Definers rests with him and that he approved the decision to […]