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Updated: 1 hour 12 min ago

Canadian tech firm Lightspeed lost $2B in value after short-seller attack

Thu, 09/30/2021 - 08:01

Fast-growing Canadian payment processing company Lightspeed is pushing back after a short seller alleged the company has misled investors about its financial health, causing a $2 billion plunge in the company's value.

Enbridge's controversial Line 3 pipeline project 'substantially complete,' will be in service Oct. 1

Wed, 09/29/2021 - 07:57

Enbridge says work on the 1,765-kilometre pipeline replacement is now substantially complete. The $9.3-billion project will carry oil from Alberta to an Enbridge terminal in Wisconsin.

YouTube moves to ban all anti-vaccine content

Wed, 09/29/2021 - 07:02

YouTube is moving to block and remove all content that spreads misinformation about vaccines against COVID-19 and other illnesses, such as measles and chicken pox.

Power blackouts in China hit homes, shutter factories

Wed, 09/29/2021 - 05:28

People in northeastern China ate breakfast by the light of smartphones and shopkeepers turned on generators as much of the country enforced power cuts Wednesday to meet official conservation targets and ease shortages in some areas.

Labour shortage hampering post-pandemic recovery for businesses in Canada, study finds

Wed, 09/29/2021 - 03:00

The labour shortage is widespread across the country in several different sectors of the economy, despite a national unemployment rate above seven per cent. Fifty-five per cent of small and medium-sized businesses are struggling to hire the workers they need, the Business Development Bank of Canada found.

Here's how some Canadian companies are marking the National Day for Truth and Reconciliation

Wed, 09/29/2021 - 01:00

As Canada marks the first National Day for Truth and Reconciliation on Thursday, some businesses are finding ways to embrace reconciliation even though they're not covered by the new statutory holiday.

Farm groups hope end of Meng Wanzhou case leads to resolution of canola dispute with China

Tue, 09/28/2021 - 12:07

Canadian farm groups are hoping the end of the legal saga with Chinese Huawei executive Meng Wanzhou will see a de-escalation of tensions with China that opens the door to resolving a long, costly trade dispute hanging over the country's canola sector.

Caisse to sell off remaining oil assets by next year

Tue, 09/28/2021 - 07:45

Caisse de dépôt et placement du Québec says it will divest all of its oil investments by next year as part of the pension plan's plan to help combat climate change by cutting its carbon footprint in half by 2030.

Vale rescuing 39 employees trapped in Sudbury, Ont., mine since Sunday afternoon

Mon, 09/27/2021 - 11:12

Thirty-nine Vale employees have been trapped underground in the Totten Mine in Sudbury, Ont., since Sunday, the company says, telling CBC on Monday "our focus is squarely on the safety of the employees."

Facebook puts plans to build Instagram for kids on pause

Mon, 09/27/2021 - 06:41

Facebook says it is putting its plans to develop a version of Instagram specifically for people under 13 on pause, after strong opposition from some child-safety advocates.

Hudson's Bay's sale of orange shirts to support residential school survivors raises questions

Sun, 09/26/2021 - 09:57

In an Instagram post earlier this week, the Hudson's Bay Company said it is selling orange shirts with the slogan "Every Child Matters" — leading many Indigenous people to wonder whether the company is profiting off the painful legacy of residential schools. 

Why some Canadians are ready to travel; landlord boots tenant over tattoos: CBC's Marketplace cheat sheet

Sun, 09/26/2021 - 06:00

CBC's Marketplace rounds up the consumer and health news you need from the week.

U.K. eyes temporary truck driver visas to ease fuel rationing

Sat, 09/25/2021 - 03:09

The British government is expected to ease visa rules for truck drivers to help fix supply-chain problems that have triggered long lines at gas stations and some shuttered pumps.

Resolving Meng case removes giant thorn from Canada's business relationship with China

Sat, 09/25/2021 - 01:00

Finding common ground with China will remain a big challenge for Canada, but Canadian businesses simply could not shun one of the world's two largest economies, Don Pittis writes.

U.S. vaccination requirement for air passengers worries Canadians with mixed vaccines

Sat, 09/25/2021 - 01:00

Starting in early November, the U.S. will require foreign air passengers entering the country to be fully vaccinated. The problem is, the U.S. has yet to approve mixing COVID-19 vaccines.

Some gasoline stations in UK run out of fuel as pandemic supply chain crisis deepens

Fri, 09/24/2021 - 13:10

BP had to close some of its gas stations due to the driver shortages while queues formed at some Shell stations as pumps ran dry in some places. 

Huawei's Meng Wanzhou expected to plead guilty today in U.S. court: sources

Fri, 09/24/2021 - 07:05

Chinese tech executive Meng Wanzhou is expected to appear virtually in an American federal courtroom today to plead guilty in the U.S. proceedings against her, say sources.

China declares cryptocurrency trading illegal, beefs up mining crackdown

Fri, 09/24/2021 - 06:45

China's central bank on Friday declared all transactions involving cryptocurrencies such as bitcoin illegal and stepped up a crackdown on illegal mining of them in the country.

Front-line workers shoulder burden of vaccine mandates

Fri, 09/24/2021 - 01:00

Service industry workers in Canada say they're bearing the brunt of anger, frustration and general confusion from clients over new vaccine mandates that they had nothing to do with creating, but are now responsible for enforcing. 

Boppy baby loungers recalled in U.S. and Canada due to suffocation hazard

Thu, 09/23/2021 - 12:51

Health Canada and the Consumer Product Safety Commission are recalling more than 3.3 million baby loungers sold in the U.S. and Canada because the items may pose a suffocation risk to infants.

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