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Updated: 1 hour 28 min ago

Cryptocurrency exchange Coinbase goes public in march toward the mainstream

Wed, 04/14/2021 - 14:55

Coinbase shares jumped Wednesday in the latest sign of a surge in interest and trading of bitcoin and other digital currencies, with the exchange valued at almost $100 billion US in its Nasdaq debut.

Canada imported less oil in 2020, but U.S. grew its percentage of import market during pandemic

Wed, 04/14/2021 - 06:00

The United States further cemented itself as the top supplier of oil imports to Canada last year, even as the amount of crude that Canada imported plunged by 20 per cent amidst the pandemic's economic fallout.

Airline deal means taxpayers once again take a risk on corporate Canada

Wed, 04/14/2021 - 01:00

Wily negotiations by former business boss Michael Sabia mean Canadian taxpayers may actually profit from Ottawa's roughly $6 billion bailout of Air Canada.

How pandemic-grounded Air Canada customers can get their money back

Tue, 04/13/2021 - 14:27

Air Canada has started offering refunds to customers who bought tickets for flights and vacations they didn't take as a result of the coronavirus pandemic. Here's what you need to know.

London, Ont., meat plant shut for 2 weeks amid COVID-19 outbreak affecting 82 workers

Tue, 04/13/2021 - 13:10

A London, Ont., meat-processing plant with 900 employees has been shut down temporarily to deal with a growing COVID-19 outbreak that has seen the number of active cases hit 82.  

W. Galen Weston has died, aged 80

Tue, 04/13/2021 - 11:35

W. Galen Weston, the patriarch of the Weston retail empire that owns Loblaws and other holdings, has died at the age of 80.

Ship stuck in Suez Canal forbidden from leaving Egypt until $900M bill is paid

Tue, 04/13/2021 - 09:17

Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday.

Passenger rebate program part of Ottawa's financial relief deal with Air Canada: sources

Mon, 04/12/2021 - 13:55

The federal government has reached an agreement with Air Canada that will provide the pandemic-battered airline with financial support in exchange for refunds to customers who had their flights cancelled last year because of the COVID-19 pandemic.

New York state pension fund says it's selling off a $7M stake in oilsands

Mon, 04/12/2021 - 10:05

New York's multi-billion-dollar government-run pension fund announced today that it's pulling investments worth more than $7 million out of some of Canada's major players in the oilsands.

Salesforce will start letting vaccinated employees go back into the office

Mon, 04/12/2021 - 08:07

Salesforce.com said it would start allowing vaccinated employees to return to some of its offices, making it one of the first major U.S. corporations to give vaccinated workers preferential treatment over those who have not taken the shot.

How COVID-19 created a buyer's market for office space

Mon, 04/12/2021 - 07:10

A number of growing companies are searching for new offices even as the pandemic has forced closures and downsizing elsewhere.

First Nations proposing new energy corridor in Western Canada

Mon, 04/12/2021 - 01:00

First Nations leaders in Western Canada are proposing a corridor for transporting commodities from the region and — possibly — to the West Coast.

Canadians should expect 'significant' move in budget for child care, early education: LeBlanc

Sun, 04/11/2021 - 09:36

Access to national early learning programs and child care have become an “economic imperative” and Canadians should expect a “significant” announcement in the forthcoming federal budget, said Intergovernmental Affairs Minister Dominic LeBlanc.  

U.S. taxi services see business boost helping Canadians avoid hotel quarantine

Sat, 04/10/2021 - 01:00

Several U.S. airport transport services say they're seeing a boost in business by driving Canadian snowbirds across the U.S.-Canada land border so they can avoid hotel quarantine requirements.

E-commerce giant Alibaba fined $3.5B over China's anti-monopoly rules

Fri, 04/09/2021 - 19:26

Alibaba Group, the world's biggest e-commerce company, was fined 18.3 billion yuan ($3.5 billion Cdn) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.

B.C. liquor servers to get pay boost on par with general minimum wage increase

Fri, 04/09/2021 - 15:21

Labour Minister Harry Bains says he's proud to put an end to the discriminatory lower minimum wage for liquor servers, 80 per cent of whom are women.

Amazon workers in Alabama vote against forming union

Fri, 04/09/2021 - 12:32

Amazon workers voted against forming a union at an Alabama warehouse, handing the online retail giant a decisive victory and cutting off a path that labour activists had hoped would lead to similar efforts throughout the company and beyond.

Boeing tells some 737 Max customers to address possible electrical issue

Fri, 04/09/2021 - 09:10

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for the plane.

Canada adds jobs, unemployment falls to 7.5% despite 3rd wave of COVID-19

Fri, 04/09/2021 - 07:12

Canada created jobs in sectors hard hit by the pandemic in March, but the numbers would not have included full impact of recent lockdowns.

Why some big oil companies are embracing alternative energy while others reject it

Fri, 04/09/2021 - 01:00

In today’s oilpatch, a divide is growing between the oil majors as some companies are investing in alternative energy while other firms have no interest in it. Both face their own risks and challenges as the world shifts to lower emitting sources of energy.

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