Freedom Mobile powers Shaw’s Q1 growth, cable video subscriber base declines

Shaw Communications Inc. beat analyst estimates for profit and revenue in its fall quarter, powered by its Freedom Mobile wireless business. Since acquiring Wind Mobile, Calgary-based Shaw has spent heavily to improve the capabilities of its wireless network, which operates in the more heavily populated portions of Ontario, Alberta and British Columbia. Shaw’s ability to […]

U.S. Fed chair plays Scrooge as markets tumble following latest rate hike: Don Pittis

With his long face and expressive grimaces, Federal Reserve chair Jerome Powell might have played a powerful Ebenezer Scrooge, the repentant anti-hero of Charles Dickens’s A Christmas Carol. Certainly that is how stock markets seemed to see him yesterday after the U.S. central banker hiked rates for the fourth time this year. Powell and his team of […]

Ford government to recall legislature next week to introduce back-to-work bill for power workers

Ontario’s Progressive Conservative government will recall the legislature next week in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto. Earlier Thursday, an official had said that the government was prepared to recall the legislature. By the afternoon, it was confirmed that […]

Marlboro maker places $2.4 billion bet on Canadian marijuana company

One of the world’s biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 per cent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. Altria will pay another $1.4 billion for warrants that if exercised would give the […]

‘This isn’t what we were promised’: Amid GM closures, Trump’s economic policies are coming home to roost

At one time, Donald Trump’s words sounded reassuring to Tommy Wolikow. Now more than a year later, they just torment him. “Don’t move, don’t sell your house,” the U.S. president urged a cheering crowd in Youngstown, Ohio, in July 2017, promising to resurrect the region’s dwindling manufacturing jobs. “They’re all coming back.” Wolikow, a 36-year-old father of […]

Tech companies and pot producers becoming fast friends

Recreational pot has been legal in Canada for just over a month but the pressure on Cannabis producers to improve their yields and profits is already growing. And one factor that will influence their fate is the technology that keeps their plants healthy and improves harvests. “Nobody can manage a million square feet by themselves the […]

Stock markets fall after APEC summit highlights China-U.S. trade tension

New York stocks slid on Monday with technology stocks leading the way after an Asia Pacific Economic Co-operation meeting this weekend highlighted the trade tensions between the U.S. and China. The Dow was down 1.6 per cent at 24,996 and the Nasdaq fell 2.7 per cent to 7,241 by mid-afternoon. In Toronto, concern over energy […]

Foreign caregivers want major reforms to improve conditions, streamline residency

A national coalition of advocacy groups wants major reforms to Canada’s foreign caregiver program in hopes of improving working conditions and offering a more reliable path to permanent residency.  A new report published on Sunday features personal stories of hundreds of care workers who have struggled with family separation, difficult, and at times, abusive work […]

Oil price woes a ‘serious problem’ for Canadian economy, says Notley

Alberta Premier Rachel Notley says the low price of western Canadian crude has become a serious problem for the country’s economy, adding her government is “furiously” seeking solutions. But while the province and the oilpatch explore their options, Notley said there’s a lack of agreement around the sector on the controversial call for her government to mandate temporary production cuts. Though the province has an obligation […]

Theresa May persuades cabinet on Brexit divorce, but Parliament challenge ahead

British Prime Minister Theresa May, calling it a “decisive step,” said Wednesday evening that her cabinet had signed off on a draft divorce deal negotiated with the European Union, after telling the House of Commons earlier the agreement “takes us significantly closer to delivering what the British people voted for.” May emerged from 10 Downing […]