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Updated: 1 hour 39 min ago

Airbnb reins in parties with new rules

Thu, 12/05/2019 - 08:32

Airbnb is taking more steps to crack down on parties and nuisance guests in the wake of a Halloween shooting at an Airbnb rental in a San Francisco suburb.

Bank of Canada deputy says Canadian economy is 'resilient'

Thu, 12/05/2019 - 08:29

The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada official said Thursday.

Huawei brings legal challenge against FCC over rural carriers

Thu, 12/05/2019 - 07:08

China's Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.

Nova Scotia to become first province to ban sale of flavoured e-cigarettes and juices

Thu, 12/05/2019 - 06:28

As of April 1, it will be illegal to sell flavoured e-cigarettes and juices in Nova Scotia, making it the first province to announce a full flavour ban, according to a government news release. 

CIBC reports 6% drop in net profit in Q4

Thu, 12/05/2019 - 05:04

Canadian Imperial Bank of Commerce says it had $1.19 billion of net profit in the fourth quarter, down six per cent from the comparable period of 2018, as adjusted earnings came in below analyst estimates.

Ottawa's Bridgehead coffeehouse chain bought for $9.5 million

Thu, 12/05/2019 - 04:00

The Ottawa-based Bridgehead coffeehouse chain has been bought by Aegis Brands, the parent company of Second Cup Coffee Co.

Imperial Oil CEO concerned about government cuts to Alberta Innovates

Thu, 12/05/2019 - 01:00

Alberta Innovates, the province's largest research agency, is shedding nearly 20 per cent of its workforce after its funding from the provincial government was slashed by the provincial government.

Alberta Energy Regulator weighing 'further action' against former executives

Wed, 12/04/2019 - 13:23

AER's interim board is seeking advice from outside counsel following provincial probes that found "reckless and wilful disregard" for the proper management of public funds.

Labrador-based bitcoin miner goes bankrupt, owing taxpayers hundreds of thousands

Wed, 12/04/2019 - 07:54

A company that hosted bitcoin mining operations and processed artificial intelligence algorithms at its Labrador City and Happy Valley-Goose Bay operations has gone bankrupt.

Top Canadian oil producers boost spending as rivals pull back after bleak year

Wed, 12/04/2019 - 07:04

Canada's two biggest oil producers are cautiously boosting spending next year despite congested pipelines and government production limits, waging they can thrive in a weak market better than smaller companies that are reining in capital.

Bank of Canada holds interest rates steady

Wed, 12/04/2019 - 07:00

The Bank of Canada has held its benchmark overnight interest rate at 1.75 per cent, as widely expected by analysts.

Canadian families will pay nearly $500 more in 2020 for food, report says

Wed, 12/04/2019 - 06:28

The average Canadian family will pay up to an extra $487 for food next year, according to an annual report involving Halifax and Ontario university researchers that highlights climate change as a culprit for rising prices, especially in the produce department.

Calgary company to build diluent recovery unit near Hardisty to boost crude export room

Wed, 12/04/2019 - 05:39

Gibson Energy Inc. says it will build a 100,000-barrel-per-day diluent recovery unit near the Alberta oil marketing hub of Hardisty, a strategy expected to free up room in pipelines and on railcars for oilsands exports.

Royal Bank misses analyst expectations in 4th quarter

Wed, 12/04/2019 - 05:34

Royal Bank of Canada's profit in the fourth-quarter edged lower compared with a year ago, due in part to lower results at some business units and increased provisions for credit losses, RBC announced Wednesday.

U.S. doubles number of 5-year bans on travellers from Canada

Wed, 12/04/2019 - 01:00

The number of travellers from Canada hit with long-term bans when trying to enter the U.S. has almost doubled, new data shows.

Juul dominates vaping industry despite critics

Tue, 12/03/2019 - 19:26

It has only taken about a year for Juul to dominate the vaping industry even as criticism of vape products grows.

Moody's downgrades Alberta's credit rating, citing continued dependence on oil

Tue, 12/03/2019 - 18:00

Alberta's credit rating has been downgraded by Moody's, with the agency citing the volatility inherent in the province's dependence on oil and continued fiscal pressures.

Alberta Energy Regulator vows to strengthen public confidence following damning ICORE probes

Tue, 12/03/2019 - 16:35

Interim chair pledges to strengthen internal controls and oversight at the public agency in wake of what one MLA called a "debacle" involving former executives.

B.C. man identified in connection with RCMP probe into CRA phone scam

Tue, 12/03/2019 - 16:26

A Burnaby, B.C., man has been identified as a suspect in an RCMP investigation into organized crime groups accused of scamming Canadians by posing as Canada Revenue Agency officers, demanding payment through cash and gift cards.

Google co-founders step down as heads of parent company Alphabet

Tue, 12/03/2019 - 15:02

Google co-founders Larry Page and Sergey Brin are stepping down from their roles within the parent company, Alphabet.

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