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Canadian bus companies have plans to fill the gap left by Greyhound

Sat, 05/15/2021 - 01:00

Nature and capitalism both abhor a vacuum. There's a coalition of companies ready to fill Central Canada's Greyhound-shaped hole — and talk of a new coast-to-coast bus network. But some of that transformation might need government help.

Dogecoin rallies, bitcoin sags as cryptos go up and down on Mr. Musk's wild ride

Fri, 05/14/2021 - 08:00

Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a quarter, as the latest tweets on cryptocurrencies from Tesla boss Elon Musk sent the digital coins on a wild ride.

Frustration grows as Sunwing doesn't give refunds for cancelled flights despite taking taxpayer aid

Fri, 05/14/2021 - 01:00

Passengers who had their flights cancelled by Sunwing Airlines due to the pandemic are expressing anger and frustration. The airline is still only offering travel credit vouchers instead of refunds. Many customers say they just want their money back — immediately.

Aurora Cannabis speeds up cost-cutting plan as quarterly results see it deep in the red

Thu, 05/13/2021 - 17:46

The Edmonton-based company on Thursday unveiled a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over the next 12 to 18 months.

Hacked U.S. gasoline pipeline restarts — but long lines and shortages at stations persist

Thu, 05/13/2021 - 09:50

A run on gas following a computer hack of the nation's largest fuel pipeline had North Carolina tow-truck driver Jonathan King worried about whether he could do his job.

Greyhound shutting down all bus service in Canada permanently

Thu, 05/13/2021 - 09:36

Greyhound Canada is permanently cutting all bus routes across the country, shutting down the intercity bus carrier's operations in Canada after nearly a century of service.

Alberta's oil producers feel recovery — but analysts aren't predicting a repeat of the last boom

Thu, 05/13/2021 - 01:00

Higher crude prices are good news for oil companies and government royalties, but a return to the pre-2014 boom? Experts say it's not in the cards.

Expert tips on inflation for generations of Canadians who've never seen it

Thu, 05/13/2021 - 01:00

Are we watching an outbreak of inflation? An economist who witnessed inflation come out of nowhere in the 1960s sees many similarities. Maybe we should be holding onto our hats.

Why a Canadian actor is suing social media giant TikTok's parent company

Wed, 05/12/2021 - 19:02

A Canadian actor is suing the parent company of social media company TikTok, claiming that the video-sharing app is using her voice to narrate videos without her permission. Legal experts say the outcome of the copyright case could be crucial for protecting the work of voice actors.

Tesla to stop accepting bitcoin as payment

Wed, 05/12/2021 - 17:40

Electric car maker Tesla will stop accepting bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.

Some gas stations out of fuel in southeastern U.S. after pipeline cyberattack

Wed, 05/12/2021 - 07:18

Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of supply in some cities.

Inflation worries rise in the U.S. as prices of food, clothes, cars spike

Wed, 05/12/2021 - 06:43

A worrisome bout of inflation struck the economy in April, with U.S. consumer prices surging 0.8 per cent and the year-over-year increase reaching its fastest rate since 2008.

You may actually be able to travel for summer vacation in Canada this year

Wed, 05/12/2021 - 01:00

Significant travel restrictions remain in place in jurisdictions across the country, but the steady increase in vaccinations may mean Canadians could be able to carry out their domestic vacation plans for at least part of the summer.

U.S. pipeline problems expose Canada's vulnerability to having the taps turned off

Wed, 05/12/2021 - 01:00

Problems with two major oil and gasoline pipelines in the U.S. underscore how fragile the North American energy infrastructure grid is and how vulnerable Canadians are to supply disruption.

Oilpatch heavyweights put Canada's hydrogen ambitions to the test

Wed, 05/12/2021 - 01:00

The federal government has made no secret about its lofty goal of becoming a global leader in hydrogen as part of its stated effort to reduce harmful carbon emissions from coast-to-coast. A pair of oilpatch heavyweights are now proposing a project that will test Ottawa's appetite for it.

Biden is unlikely to come to Canada's rescue in Line 5 dispute with Michigan

Tue, 05/11/2021 - 13:34

The Michigan state government and Enbridge remain in a court-ordered mediation process to resolve a pipeline dispute that — judged by the heated political rhetoric being employed on both sides of the border — defies compromise.

How Elon Musk is sending cryptocurrency dogecoin's price on a ride to the moon — and back

Mon, 05/10/2021 - 11:22

Cryptocurrency dogecoin went on a rocket ride to the moon and back over the weekend after Elon Musk poked fun at it on Saturday Night Live before announcing on Monday that his company would accept it as legitimate payment for a mission to the moon.

Cyberattack on U.S. pipeline linked to criminal gang

Mon, 05/10/2021 - 05:30

The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide, which cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said Sunday.

Fear of climate change rust belt has governments considering carbon border levy

Mon, 05/10/2021 - 01:00

The federal budget shows Canada is backing a European push for a price on carbon across borders. It's prompted, in part, by fear of a Rust Belt repeat. Then, industries hollowed out in rich countries as manufacturing chased cheaper labour; this time, the draw would be from countries with climate regulations to those without.

Ford recalls 661,000 Explorer SUVs in Canada, U.S. and Mexico over roof rail concerns

Sun, 05/09/2021 - 13:29

Ford is recalling 661,000 Explorer sport utility vehicles in North America, including 36,419 in Canada, at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.

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