Small internet providers say CRTC rules lead to ‘higher prices and less choice’

Canada’s smaller internet service providers say the CRTC needs to revamp rules that protect the big telcos and erode consumer choice when it comes to high-speed internet service.  On Wednesday, the Canadian Operators Network Consortium (CNOC) filed an application asking the telecom regulator to revise regulations that CNOC says block small providers from accessing the big telcos’ ultra-fast fibre optic networks. CNOC represents 35 internet providers including TekSavvy, Distributel and Primus. The organization also […]

World economy strong enough to withdraw stimulus, Poloz says

The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be “steadily withdrawn.” Stephen Poloz’s remarks Monday came as the Bank of Canada signals it will gradually raise its benchmark interest rate from its current level of 1.75 […]

Tesla promises 3rd quarter profit but Wall Street skeptical

Tesla is showing some promising signs that it will make money as advertised in the third quarter, but Wall Street isn’t buying it. The electric car and solar panel maker delivered more than 80,000 vehicles from July through September, and CEO Elon Musk told employees late in the quarter that it was close to profitability. […]

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 […]

TSX up slightly as loonie rises

Canada’s main stock index was trading up slightly in mid-morning as gold and cannabis stocks traded up, while U.S. markets were mixed as technology stocks traded lower. The S&P/TSX composite index was up 14.75 points at 15,429.04. The Canadian dollar traded up about a quarter of a cent at 77.04 cents US compared with an average […]

Investors rush to patent genetically modified cannabis molecules

At the Hyasynth Biologicals laboratory in Montreal, scientists are working on the latest frontier in the cannabis business: genetically engineering the active ingredients in marijuana and then patenting them. Hyasynth is part of a new wave of genetic engineering firms across Canada and the U.S., splicing and dicing molecules found in cannabis plants, hoping to […]

Air Canada plane was ‘a few feet’ from ‘worst crash in aviation history,’ NTSB report says

A near-collision of airliners in San Francisco last year was a few feet from becoming the worst crash in aviation history and underscores the need for faster reporting of dangerous incidents before evidence is lost, U.S. safety officials say. The U.S. National Transportation Safety Board issued a final report Thursday on the incident involving an Air […]

North American stocks slide lower, loonie down against U.S. dollar

Canada’s main stock index hit a six-month low Thursday while U.S. stock markets suffered another sell-off day as investors are pricing in political and trade uncertainties they’ve long overlooked. The result is they have now woken up to issues that have existed for the last six to 12 months, says Kash Pashootan, CEO and chief […]

Microsoft co-founder Paul Allen treated again for cancer

Microsoft Corp. co-founder Paul Allen said on Monday he had started treatment for non-Hodgkin’s lymphoma, the same disease he overcame in 2009. In a brief statement, Allen said he learned recently that the cancer had returned and said he planned “on fighting this aggressively.” “A lot has happened in medicine since I overcame this disease […]

Aurora Cannabis says no deal yet to make marijuana-infused drinks

Aurora Cannabis issued a statement early Tuesday saying it does not have a deal with Coke or any other beverage company to create cannabis-infused beverages. Aurora trading was halted in the morning after the stock rose 14 per cent to $10.40 on top of a spike Monday after reports it was in talks with Coca-Cola. […]