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Kansas City Southern board agrees to re-engage with CP Rail, after regulator rejects CN bid

Sun, 09/05/2021 - 08:52

Kansas City Southern has agreed to re-engage with Canadian Pacific Railway Ltd. after the U.S. transportation regulator placed a roadblock in the path of the bid from rival Canadian National Railway Co.

Why some wildfire-adjacent homes are uninsurable; U.S. land border still closed: CBC's Marketplace Cheat Sheet

Sun, 09/05/2021 - 06:00

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

Canadians have record-high mortgage debt. What happens when rates rise?

Sun, 09/05/2021 - 01:00

New mortgage debt surged by the biggest amount on record in the spring of 2021. But with prices continuing to defy expectations, policy makers and economists are left wondering — where does it end?

U.S. added just 235,000 jobs last month, well short of expectations

Fri, 09/03/2021 - 05:49

America's employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant's spread has discouraged some people from flying, shopping and eating out.

B.C.-based Chinese currency exchange implodes amid tangle of lawsuits and failed transfers

Fri, 09/03/2021 - 05:00

A Lower Mainland business accused of helping customers skirt Chinese currency restrictions appears to have imploded amid a tangle of lawsuits claiming debts in the millions.

Canada set to welcome fully vaccinated foreign travellers next week

Fri, 09/03/2021 - 01:00

On Sept. 7, Canada plans to open its borders to fully vaccinated travellers from across the globe, and let them to skip the country's 14-day quarantine requirement.

Chip shortage forces GM to extend factory closures

Thu, 09/02/2021 - 09:32

General Motors Co. will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said on Thursday.

Canada's trade surplus narrows to $778M in July as imports outpaced exports

Thu, 09/02/2021 - 06:45

Statistics Canada says the country's merchandise trade surplus fell to $778 million in July as imports rose more than exports for the month.

Apple eases App Store rules to allow for outside links to paid subscriptions

Thu, 09/02/2021 - 04:35

Apple is relaxing rules to allow some app developers such as Spotify, Netflix and digital publishers to include an outside link so users can sign up for paid subscription accounts.

Amazon Canada adds health disclaimer to searches for ivermectin

Wed, 09/01/2021 - 17:25

Amazon Canada has taken action on its platform to prevent shoppers from purchasing ivermectin as a treatment for COVID-19. 

Oil prices inch lower after OPEC+ sticks to pledge to pump more crude

Wed, 09/01/2021 - 11:16

The OPEC oil producers' cartel and allied non-member countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand for fuel continue to recover from the worst of the coronavirus pandemic.

After CN's setback, CP once again opens door to Kansas City Southern takeover

Wed, 09/01/2021 - 07:43

Canadian Pacific Railway Ltd. has approached the Kansas City Southern board to reaffirm its interest in taking over the railway after U.S. regulators rejected a key part of Canadian National Railway Co.'s bid.

COVID-19 created supply chain problems everywhere — and they're still nowhere close to being solved

Wed, 09/01/2021 - 06:44

Shipping bottlenecks, supply chain nightmares and a continuing shortage of semiconductors has pushed up costs of just about everything — and experts say we're still a long way away from any sort of relief for Canadian businesses and consumers.

U.S. rail regulator rejects CN's voting trust bid to buy Kansas City Southern

Tue, 08/31/2021 - 11:50

American railway regulator the Surface Transportation Board has blocked Canadian National Railway's bid to buy Kansas City Southern in its current form because the deal would include a voting trust that runs afoul of the rules.

Fraud trial for CEO of bogus blood testing company Theranos set to begin

Tue, 08/31/2021 - 06:43

Theranos founder Elizabeth Holmes's claims that she was abused by the company's chief operating officer, who at the time was her boyfriend, could complicate jury selection in her highly anticipated fraud trial, legal experts said.

Canada's GDP shrank by 0.3% in 2nd quarter, ending 9-month streak of expansion

Tue, 08/31/2021 - 06:20

Canada's economy shrank by 0.3 per cent in the three months between April and June as the third wave of COVID-19 prompted consumers and businesses to keep spending to a minimum.

Canadians demand to know why they can fly — but still not drive — to the U.S.

Tue, 08/31/2021 - 01:00

Canadians are growing frustrated with current U.S. travel rules that allow them to fly — but not drive — to the U.S. during the COVID-19 pandemic.

How Conservatives came around to supporting a carbon tax — and whether it's here to stay

Tue, 08/31/2021 - 01:00

For more than a decade, federal Conservatives across Canada have taken aim at carbon tax policy with great vitriol. Now the Conservatives have pulled a 180-degree turn — though the issue may remain politicized in the future.

Bell asks court to block Quebecor's purchase of 5G spectrum in Western Canada

Mon, 08/30/2021 - 13:06

BCE Inc. is asking the federal government to block Quebecor Inc.'s purchase of 5G spectrum in Western Canada, stating the company didn't meet the requirements to bid on airwaves there.

U.S. will raise rates as long as hiring keeps improving, Powell tells Jackson Hole

Fri, 08/27/2021 - 09:22

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed's extraordinary response to the pandemic recession.


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