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Updated: 2 hours 53 min ago

Blackstone co-founder Pete Peterson dead at 91

5 hours 23 min ago

Billionaire Wall Street financier Peter Peterson, who co-founded private equity firm Blackstone Group LP and served as U.S. President Richard Nixon's commerce secretary, died on Tuesday of natural causes, his family said. He was 91.

'Too much stuff' — Why the self-storage industry is booming in Canada

6 hours 56 min ago

The once-dull world of self-storage is suddenly bursting with activity and new ideas, as Canadian companies look to exploit growing demand. From e-commerce startups to fancy offerings such as wine storage, millions of dollars are being invested to sell consumers space for their belongings.

New titanium industry could grow out of oilsands waste

6 hours 56 min ago

After several years and nearly $100 million of research and testing, engineers say they have developed new technology to extract valuable metals from waste products in the Alberta oilsands.

Cambridge Analytica suspends CEO pending probe in Facebook data scandal

Tue, 03/20/2018 - 12:50

Cambridge Analytica has suspended CEO Alexander Nix pending a full independent investigation of his actions as a U.K. TV outlet broadcast clips of him saying his data mining firm played a major role in securing Donald Trump's victory in the 2016 U.S. presidential election.

Bread price fixing scandal causing consumer trust in grocery chains to tumble, study finds

Tue, 03/20/2018 - 12:21

Consumer trust in their grocery stores has fallen since allegations that many of the chains were in cahoots to keep bread prices high came out, a new study out of Dalhousie University in Halifax has found.

Toyota pauses self-driving car testing amid Uber accident probe

Tue, 03/20/2018 - 11:17

Toyota Motor Corp. will pause autonomous vehicle testing following an accident in which an Uber Technologies Inc self-driving vehicle struck and killed a woman in Tempe, Ariz.

Toys "R" Us Canada draws interest from more multiple buyers

Tue, 03/20/2018 - 09:02

U.S. court filings show that debtors for Toys "R" Us have received multiple non-binding offers for the Canadian division of the troubled retailer.

More controls needed on sale practices at big banks, financial watchdog says

Tue, 03/20/2018 - 08:01

Canada's financial consumer watchdog says there are "insufficient" controls in place at the country's biggest banks to prevent sales of financial products that are misrepresented or unsuitable for consumers, and the banks' sales-focused culture elevates the risk that employees may flout consumer protection rules.

U.K. committee wants to hear Facebook's Zuckerberg on fake news, data supplied to Trump campaign

Tue, 03/20/2018 - 07:43

A British parliamentary committee has summoned Facebook CEO Mark Zuckerberg to answer questions on fake news as authorities step up efforts to determine whether data has been improperly used to influence elections.

Orbitz hack exposed data of 880,000 customers in 2016 and 2017

Tue, 03/20/2018 - 07:29

Orbitz says a legacy travel booking platform may have been hacked, potentially exposing the personal information of people that made purchases between Jan. 1, 2016 and Dec. 22, 2017.

Expected U.S. rate rise will matter to Canadians with big debt: Don Pittis

Tue, 03/20/2018 - 01:00

Jerome Powell, Janet Yellen's replacement at the Federal Reserve will set the tone for future interest rate increases in the U.S. and Canada.

Q & A: Russian trolls may be a factor in heated Canadian pipeline debate

Tue, 03/20/2018 - 01:00

Russian trolls could be a factor in determining the outcome of current pipeline debates in Canada, says an expert on ethical hacking and network security. "It could influence it greatly," said John Zabiuk of Edmonton’s Northern Alberta Institute of Technology.

TSX ends down along with U.S. markets, Canadian dollar makes slight gains

Mon, 03/19/2018 - 14:58

Canada's main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector.

Pedestrian killed in Arizona after being hit by self-driven Uber

Mon, 03/19/2018 - 10:53

Uber says it has paused its testing of autonomous cars, including in Toronto, after a pedestrian fatality in Tempe, Ariz.

Facebook shares fall as EU, U.S. urge probes of data practices

Mon, 03/19/2018 - 09:36

Facebook Inc. faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users.

Lightning fast wireless is on the way: here's how 5G will change life in Canada

Mon, 03/19/2018 - 08:00

The federal, Ontario and Quebec governments say they will spend $200 million to help fund research into 5G wireless technology, the next-generation networks with download speeds 100 times faster than current ones can handle.

Canadians see possible signal U.S. ready to accept NAFTA compromise

Mon, 03/19/2018 - 07:51

American trade officials are showing newfound interest in a Canadian proposal for revamping NAFTA's automotive provisions as the U.S. seeks to swiftly conclude renegotiations of the continental free trade pact.

Aeroplan has struck its first big deal since losing Air Canada — and it's with Amazon

Mon, 03/19/2018 - 07:11

Owners of the Aeroplan loyalty program have struck a deal with online retailing giant Amazon that will enable the former's five million members in Canada earn reward points while shopping online.

Europe and U.K. have agreed to basics of Brexit deal, but questions over Irish border remain

Mon, 03/19/2018 - 05:19

Negotiators from the European Union and Britain on Monday hailed major progress in the Brexit talks, but conceded there had been no breakthrough on keeping open the Irish border.

Lawyer charges grieving family thousands for time spent responding to complaint against him

Sun, 03/18/2018 - 17:00

Attorneys are not allowed to bill for hours they spend answering complaints, according to the Law Society of Ontario.


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