Sears pensioners hope to recoup their losses in $509M lawsuit

A court decision has given Sears Canada retirees hope they can recoup some of the millions of dollars missing from the now-defunct retailer’s underfunded pension plan.  An Ontario Superior Court judge on Monday gave the green light to two lawsuits targeting U.S. billionaire businessman, Eddie Lampert and his hedge fund, ESL Investments, in connection with $509 million in dividends […]

Want it tomorrow? Some online shopping habits are terrible for the environment

Have you ever picked two-day shipping because it’s free with an Amazon Prime membership? Or returned an item of clothing using the free return shipping label because you weren’t sure which size to buy, so you bought more than one? What you may not have realized is those convenient perks can drastically expand the carbon […]

Problems with credit card insurance and checking juice labels: 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. No assurance with credit insurance Anyone with a credit card has likely been asked to buy balance protection insurance, but our hidden camera investigation revealed the tactics some bank employees use to […]

Market jitters lead to more declines as investors face growing risks

It’s been a shaky month for investors in North American markets. Tuesday saw benchmark stock indexes register more triple-digit declines — an occurrence that’s become all too familiar in recent weeks. All three major U.S. indexes — the Dow Jones, S&P 500 and Nasdaq — have fallen at least six per cent so far this month. Canada’s S&P/TSX composite isn’t far behind with […]

Canada to apply USMCA cultural exemption to digital trade

The broad cultural exemption Canada fought to keep in the renegotiated North American free trade deal will allow for Canadian content rules in digital media. But government sources say the Trudeau government will not use that exemption in order to escape a section of the revised trade deal that extends copyright protections for artistic works by 20 […]

Bad week at the box office: Ticketmaster faces call for federal probe in the U.S.

A congressman is calling on the U.S. attorney general to investigate possible “corruption” and “market malfeasance” at global entertainment giant Live Nation after a recent CBC/Toronto Star report exposed a secret partnership between the company’s Ticketmaster division and scalpers. Bill Pascrell, a Democrat from New Jersey, cited the revelations from the CBC reporting in a letter […]

Shares in MEG soar as analysts predict Husky will boost hostile takeover offer

Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride to its rescue. In its offer Sunday, Husky said it was going directly to MEG’s shareholders after […]

Facebook says 50 million user accounts affected by security breach

Facebook reported a major security breach in which 50 million user accounts were accessed by unknown attackers. In a blog post, the company says hackers exploited a bug that affected its “View As” feature, which lets people see what their profiles look like to someone else. That would let attackers steal “access tokens,” which are […]