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U.S. to forgive loans for 100,000 students who went to ITT Tech

Thu, 08/26/2021 - 12:09

The U.S. Department of Education announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct ITT Technical Institute chain but left before graduating.

TD and CIBC cap bank earnings week with sharp profit increases

Thu, 08/26/2021 - 08:50

TD Bank and CIBC posted quarterly results on Thursday, and as was the case with Canada's other major lenders, both banks showed a big increase in profits partly because they had to set aside far less money to cover bad loans.

Delta Air Lines will soon charge unvaccinated workers $200 a month health premium

Wed, 08/25/2021 - 08:31

Delta Air Lines will charge employees on the company health plan $200 US a month if they fail to get vaccinated against COVID-19, a policy the airline's top executive says is necessary because the average hospital stay for the virus costs the airline $40,000.

Bank earnings parade continues as Royal profit jumps to record $4.3B

Wed, 08/25/2021 - 07:45

Profit at the Royal Bank of Canada rose by more than a third to $4.3 billion in the three months up to the end of July, as Canada's biggest lender saw higher income in just about every facet of its business.

OnlyFans backtracks on plan to ban sexually explicit content

Wed, 08/25/2021 - 07:37

OnlyFans says it has suspended a plan to ban sexually explicit content following an outcry from its creators and advocates for sex workers.

A bitcoin mining power plant secretly set up shop in Alberta. Now it's being forced to shut down.

Wed, 08/25/2021 - 03:00

When residents of an affluent estate community in Alberta started hearing noise from a nearby power plant, they didn't expect their complaints of sleepless nights would lead to a months-long investigation that would find the company had set up operations without consultation or approval.

Starbucks reintroduces reusable mugs. Tim Hortons, McDonald's still reject them due to pandemic

Wed, 08/25/2021 - 01:00

This week, Starbucks started to once again allow customers to be served coffee in their reusable mugs. Some environmentalists say it's time for McDonald's and Tim Hortons to follow suit.

Nova Scotia affordable housing shortage no longer just hitting low-income earners

Wed, 08/25/2021 - 01:00

Reasonable housing costs were once a selling point for living in Nova Scotia, but prices have spiked in recent years. With a federal election underway, attention has shifted to what the main federal parties will do to help with Nova Scotia's affordable housing crisis.

Profits just about double at BMO and Scotia as big banks post quarterly earnings

Tue, 08/24/2021 - 06:55

Bank of Montreal and the Bank of Nova Scotia kicked off the quarterly earnings seasons for Canada's five biggest lenders with a bang on Tuesday, revealing sharply higher profits and far less money set aside for bad loans.

Bearspaw First Nation gains control of savings fund after dispute with Ottawa

Tue, 08/24/2021 - 01:00

The Bearspaw First Nation in southern Alberta will soon be able to establish its own savings trust fund with more than $50 million in the bank after settling a dispute with the federal government.

The pandemic has Canadians paying down non-mortgage debt at fastest pace since 1980s

Mon, 08/23/2021 - 08:49

Canadians paid down their non mortgage debts at the fastest pace in 30 years during the pandemic, new numbers from Statistics Canada show.

U.S. regulators give full approval of Pfizer-BioNTech's COVID-19 vaccine

Mon, 08/23/2021 - 07:02

The U.S. gave full approval to Pfizer-BioNTech's COVID-19 vaccine on Monday, a milestone that may help lift public confidence in the shots as the nation battles the most contagious coronavirus variant yet.

Pfizer to buy Canadian drug developer Trillium Therapeutics for $2.2B

Mon, 08/23/2021 - 05:57

Pfizer Inc. said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc. in a $2.26 billion deal to strengthen its arsenal of blood cancer therapies.

Twitchy markets prepare for September uncertainty

Mon, 08/23/2021 - 01:00

Most analysts say September, not October or April, is the cruellest month for stocks. That could get worse if central bankers take away the punch bowl to end the party.

BlackBerry's path from smartphone roadkill to smart car pioneer — with a brief detour into meme stock

Sun, 08/22/2021 - 01:00

The obituary for BlackBerry as a smartphone leader has been written countless times. But after pivoting its business away from devices and toward the software that powers them, reports of the Canadian company's death are proving to be premature as it gets on the road to a bright automotive future.

OnlyFans ban just the latest in campaign against adult content online, industry watchers say

Sat, 08/21/2021 - 01:00

OnlyFans — the creator platform that made a name for itself by allowing users to make money from adult content — has announced it is now banning sexually explicit material. Some users and industry watchers say it's just the latest casualty in the war against adult content in online spaces.

Farmers seeking 'right to repair' rules to fix their own tractors gain White House ally

Sat, 08/21/2021 - 01:00

Farmers say they just want the right to repair their own equipment, but industry is wary of any push that could allow modifications affecting safety and privacy. U.S. President Joe Biden recently signed an executive order designed to help farmers, something advocates hope will have an impact in Canada, too.

GM expands recall of Chevy Bolt electric cars over battery fire risk

Fri, 08/20/2021 - 15:18

General Motors says it has expanded a recall of its Chevy Bolt electric vehicles to include all model years because of a risk the battery cells could catch fire.

OnlyFans to ban sexually explicit content — at the request of its bankers

Fri, 08/20/2021 - 08:16

OnlyFans, a site where fans pay creators for photos and videos and became famous as a space where sex workers could post content and get paid in a relatively safe manner, is planning to ban "sexually explicit" content.

Canada's Big 5 banks will mandate COVID-19 vaccines for staff

Fri, 08/20/2021 - 07:33

All five of Canada's big banks will soon make vaccines mandatory for all staff who wish to return to the office, and those who don't comply will have to agree to regular testing.

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