A couple in Ontario's Niagara Region are worried their insurance premiums will go up following a long and expensive ordeal to repair their damaged EV. A recent report by credit rating agency Morningstar DBRS says a higher uptake of electric vehicles could lead to higher insurance premiums. A collision, 2 …
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This layoff could have been an email. Is there a good way to lose your job as a remote worker?
Four years after remote work became the norm for a huge section of the labour force, it appears some companies are still struggling with the etiquette of letting workers go virtually. And amid a cooling labour market and mass layoffs in several sectors, such as media and the tech industry, …
Read More »U.S. government sues Apple for smartphone antitrust violations
The U.S. Justice Department has announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation. Justice Dept. accuses tech giant of limiting choices and unnecessary fees for consumers, developers The U.S. Justice Department on Thursday …
Read More »The cars, the chargers or the customers? A look at what’s behind cooling EV sales growth
Several automakers are pulling back on plans to expand the amount of electric vehicles they produce in response to slowing sales that aren’t expected to hit previous forecasts. At the same time, more models are coming to market and overall sales continue to grow year after year. The electric vehicle …
Read More »Canadian apparel maker Gildan Activewear is up for sale
Canadian clothing company Gildan Activewear said on Tuesday that its board has decided to put it up for sale following a review by a special committee. Company has been embroiled in a battle between its top stockholders Canadian clothing maker Gildan Activewear said on Tuesday that its board has decided …
Read More »Canada’s inflation rate slowed to 2.8% in February, beating expectations for 2nd month in a row
Canada's annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had expected uptick after rate dipped to 2.9 per cent in January Canada's annual inflation rate cooled to 2.8 …
Read More »This Telus offshoot only covers certain drugs for its employees if they come from its own pharmacy
Employees of the health services offshoot of Telus Communications are only reimbursed for certain drug prescriptions if they fill them through the company's own virtual pharmacy, CBC News has learned. Self-insured Telus Health says move offers advantages like reduced dispensing fees Employees of the health services offshoot of Telus Communications …
Read More »Telecom execs insist wireless prices going down as MPs voice concern over costs
The chief executives of Canada's three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on Monday, noting that increased data usage and high spectrum costs may be some reasons Canadians feel otherwise. Bell, Rogers and Telus CEOs appear before committee probing …
Read More »‘We should abandon the fantasy of phasing out oil and gas’: Saudi oil CEO
The head of the world's largest energy company on Monday suggested that oil and natural gas will be around for a long time to come, while the U.S. secretary of energy highlighted a clean energy revolution. Oil and gas executives push back against expectations for a global shift to low-carbon …
Read More »This business owner says she’s being ‘penalized’ for bringing manufacturing to Canada from China
A Canadian company that manufactures children's toy couches finds itself facing a high bill for import tariffs after bringing production home to this country even though it's no longer importing a majority of its product, after a single component of the couches was reclassified by the Canada Border Services Agency. …
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