The Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in. Yield curve is inverted in Canada and U.S., which traditionally portends recession The Toronto …
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CRTC registration for podcasts and streaming companies draws criticism
Canada's broadcasting regulator is obligating online streamers and podcast companies to provide registration information to them. But the new requirements are also inviting speculation that heavier regulation of content from online streamers and podcast companies is coming. Social media users not required to register with regulator, but some services will …
Read More »Fraud trial for CEO of collapsed crypto exchange FTX set to begin on Tuesday
The trial of Sam Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, is set to begin in New York City this week. And while testimony is likely to veer into complex and murky topics, prosecutors are expected to try to boil their case down into simple terms for the …
Read More »Rogers expands TTC subway wireless network access to customers using other carriers
Rogers Communications Inc. says customers of all of the major Canadian wireless carriers can now connect to its 5G wireless network in the busiest sections of the Toronto subway system. Users will be able to access network on all stops in downtown core Rogers Communications Inc. has announced that customers …
Read More »N.S. farmers want to process surplus vegetables. So why is this production line idle?
Farmers say a decline in local food processing limits options for growers and increases food waste. But some are trying to bring processing capacity back to Nova Scotia. In Atlantic Canada, regional and small-scale food processing has shrunk over the last 30 years In a cavernous new facility on Greg …
Read More »Canada’s voluntary AI code of conduct is coming — not everyone is enthused
A new code of conduct is set to govern how AI is developed in Canada. But it's voluntary, and despite immediate support from big players in the business, there are also concerns it could stifle innovation and the ability to compete with companies based outside of Canada. Some businesses concerned …
Read More »Canada is pouring billions of dollars into the electric vehicle industry. Will it pay off?
This week, Quebec and Ottawa committed $2.7 billion toward an electric vehicle battery factory near Montreal. Such projects have faced questions, given the amount of public money involved. 'We either remain competitive in this race to electrification or we get left behind,' policy analyst says Standing before a backdrop that …
Read More »Airlines claim passenger safety at risk under new passenger rights rules
In submissions and meetings, industry groups warned Canada's transport regulator that sweeping reforms announced earlier this year will put travellers' safety at risk and drain carriers of cash after a financially devastating COVID-19 pandemic. New draft of Air Passenger Protection Regulations expected before year's end Aviation companies are making the …
Read More »Strikes at 2 more U.S. auto factories to start Friday as UAW ratchets up pressure
The United Auto Workers union is expanding its strike against U.S. automakers to two new plants, as 7,000 workers at a Ford plant in Chicago and a General Motors assembly factory near Lansing, Mich., will walk off the job at midday on Friday. Ford and GM plants targeted, but no …
Read More »Air Canada pilots picket at Toronto’s Pearson, calling for better wages, working conditions
Air Canada pilots are set to demonstrate at Toronto's Pearson airport Friday, calling for better wages and working conditions as talks with the country's biggest carrier continue. Picket line will not affect Air Canada's flight schedule, both union and employer say Air Canada pilots are set to demonstrate at Toronto's …
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