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Updated: 1 hour 39 min ago

WTO tries to grapple with existing caseload before critical date next week

Tue, 12/03/2019 - 13:04

The World Trade Organization (WTO) battled on Tuesday over whether to bring its Appellate Body to an abrupt halt or allow its adjudicators to settle a handful of pending cases, according to trade officials present at a meeting on the subject.

Huawei to move research centre from U.S. to Canada, founder says

Tue, 12/03/2019 - 12:30

The founder of Huawei says the Chinese tech giant is moving its U.S. research centre to Canada due to American sanctions on the company.

Alberta doesn't have to pay $2M to out-of-province breweries but can't resurrect craft beer support program

Tue, 12/03/2019 - 12:21

A court has ruled Alberta will not have to pay two out-of-province breweries more than $2 million for a markup regime implemented in 2015 and 2016 that benefited local producers.

BMO restructuring charge to lead to hundreds of job losses

Tue, 12/03/2019 - 09:03

The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of the its global workforce, the bank announced Tuesday.

Catalyst Capital seeks to block rival bid for HBC

Tue, 12/03/2019 - 08:04

Catalyst Capital Group Inc. is seeking a hearing at the Ontario Securities Commission to block a rival takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.

CN Rail expects smaller profits in wake of strike

Tue, 12/03/2019 - 07:05

Canadian National Railway Co. is cutting its profit guidance in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt.

Trump says China trade deal might have to wait until after 2020 election

Tue, 12/03/2019 - 04:57

U.S. President Donald Trump said a trade agreement with China might have to wait until after the presidential election in November 2020, denting hopes of a quick resolution to the dispute that has weighed on the world economy.

Elon Musk faces defamation trial for tweet about British diver

Tue, 12/03/2019 - 04:18

​​​​​​​Elon Musk is on trial Tuesday for his troublesome tweets, in a defamation case pitting the billionaire against a British diver he allegedly branded a pedophile.

Toyota, Lexus owners warned about thefts that use 'relay attacks'

Tue, 12/03/2019 - 01:00

Security experts are warning owners of Toyota and Lexus vehicles not to rely on their automobile's anti-theft system following a rash of brazen thefts across the Ottawa region.

Retailers foresee holiday joy — even as Poloz looks to hold line on rates: Don Pittis

Tue, 12/03/2019 - 01:00

While everyone else cuts interest rates to boost investment and spending, so far, most Canadians seem not to need the extra stimulus.

Canadian communities are tapping into greener ways to heat and cool buildings

Tue, 12/03/2019 - 01:00

Waste heat from sewage water warms condo buildings in Vancouver, while cold water from Lake Ontario cools Toronto office towers. Here’s how district energy systems across the country are tapping into local, greener energy sources to keep buildings comfortable and cut carbon emissions.

Trans Mountain to start construction on pipeline expansion

Mon, 12/02/2019 - 19:46

Trans Mountain Corp. is preparing to officially start construction on its pipeline expansion after years of delay.

CFIA cancels licences of 3 companies in massive meat recall

Mon, 12/02/2019 - 14:02

Canadian Food Inspection Agency says it has cancelled the licenses of three companies tied to a massive meat recall.

WTO ruling says EU has failed to end illegal Airbus subsidies

Mon, 12/02/2019 - 13:02

A World Trade Organization panel ruled Monday that the European Union has not complied with an order to end illegal subsidies for plane maker Airbus, which prompted the Trump administration to impose tariffs on nearly $7.5 billion US worth of EU goods in October.

The Big Short writer crafting new film on WeWork's Adam Neumann

Mon, 12/02/2019 - 12:21

The as-yet untitled project will reportedly focus on WeWork's controversial ex-CEO Adam Neumann, as well as investor and mentor Masayoshi Son.

Facebook tests tool that lets users move photos to other platforms

Mon, 12/02/2019 - 11:51

Facebook started testing a tool on Monday that lets users move their images more easily to other online services, starting with rival Google Photos, as it faces pressure from regulators to loosen its grip on data.

New Nissan CEO promises to restore scandal-plagued brand

Mon, 12/02/2019 - 08:51

Nissan's new chief executive, Makoto Uchida, reaffirmed on Monday the importance of the Japanese automaker's alliance with France's Renault as it strives to puts its financial scandals behind it.

Catalyst Capital Group extends key deadline for HBC offer

Mon, 12/02/2019 - 07:05

Catalyst Capital Group Inc. has extended a deadline for the board of Hudson's Bay Co. to formally accept its offer letter until 5 p.m. ET Monday.

Trump to slap tariffs on Argentina, Brazil, says they're manipulating currencies

Mon, 12/02/2019 - 07:04

The U.S. president tweeted Monday he'll restore steel and aluminum tariffs on both Argentina and Brazil, reversing a previous exemption he had granted in 2018.

Husky Energy cuts capital spending plan by $500M

Mon, 12/02/2019 - 07:02

Husky Energy Inc. is cutting its capital spending plan for 2020 and 2021 by $500 million compared with its earlier guidance due to what it called changing market conditions.

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