Enbridge is pursuing several expansions to export oil through its pipeline system, which should meet the needs of the oil industry. So what does that mean for Alberta Premier Danielle Smith's lobbying for a new pipeline? 'We think that should do it,' says Enbridge executive about pipeline expansions meeting oilpatch's …
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The fast-food industry is trying to lure in Gen Z diners. Is the meal deal helping?
Fast-food chains like Chipotle and McDonald’s are lowering their sales forecasts for next year and luring people in with value meals as they foresee a pullback in spending from low-income and younger diners. Chipotle CEO recently said young people aren't eating out as much Play Listen to this article Estimated …
Read More »You could get at least $50 from the bread price-fixing settlement. But the deadline is coming up
Your chance to get a piece of a $500-million class action settlement, following a years-long bread price fixing scheme will soon expire. Applications must be in by Dec. 12 Play Listen to this article Estimated 4 minutes The audio version of this article is generated by text-to-speech, a technology based …
Read More »Grand Theft Auto makers accused of union-busting after firing employees in Canada, U.K.
The company behind the Grand Theft Auto games fired more than 30 employees last week in what a union leader called an egregious example of union-busting, with some effects being felt in Canada. Union says 34 people terminated after talk of organizing, Take-Two accuses them of leaking company secrets Play …
Read More »MEG takeover saga draws to a close as Cenovus completes purchase
Oilsands giant Cenovus Energy has completed its takeover of MEG Energy, and gets another 110,000 barrels of production per day with the purchase. Deal was worth more than $8.6B in cash, shares and assumed MEG debt Play Listen to this article Estimated 2 minutes The audio version of this article …
Read More »A post-shutdown fog will hang over the U.S. economy for months
Key economic data was not gathered during the U.S. government shut down — casting a fog of uncertainty over the state of the U.S. economy at a crucial time. The Canada-U.S. trade war has dragged on and the tariffs have begun to bite, but no one can say for certain …
Read More »Guests left stranded after boutique hotel chain Sonder goes bankrupt, Marriott terminates licensing deal
Guests and staff both found out about the bankruptcy on Sunday, with the business mandating all guests leave the Sonder properties the following morning. Sonder, originally founded in Montreal, had about 9,000 units in over 40 cities around the world. Montreal-founded company had over 9,000 units in over 40 cities …
Read More »U.S. tourism faces $5.7B US loss as Canadians continue to stay home
Many Canadians continue to boycott travel to the United States, and the U.S. economy is paying the price. A U.S. Travel Association report forecasts a 3.2 per cent decline in international tourism spending in the country for 2025, a loss of $5.7 billion US compared to the previous year. Number …
Read More »Consumer advocacy group urges OpenAI to pull video app Sora over privacy, misinformation concerns
Non-profit consumer advocacy group Public Citizen demanded in a Tuesday letter that OpenAI withdraw its video-generation software Sora 2 after the application sparked fears about the spread of misinformation and privacy violations. AI-generated videos made using Sora have flooded social media since the app was released in October Play Listen …
Read More »Canada Post submits overhaul plan to the federal government
Canada Post has submitted its plan to the federal government to transform its struggling business model into afinancially sustainable postal service. Canada Post CEO says plan will modernize corporation while protecting mail delivery Play Listen to this article Estimated 2 minutes The audio version of this article is generated by …
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