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ABC: Settlement reached in 'pink slime' defamation lawsuit

42 min 51 sec ago

ABC says it has reached a settlement with a South Dakota meat producer that filed a more than $1 billion lawsuit US against the network over its reports on the company's lean, finely textured beef product that critics dubbed "pink slime."

Low interest rates have 'done their job,' says Bank of Canada's Poloz

1 hour 59 min ago

​The governor of the Bank of Canada says it looks like low interest rates put in place in 2015 have "done their job" but he stopped short of predicting the central bank's next move.

Another financial crisis 'in our lifetimes' unlikely, Yellen says

2 hours 36 min ago

Federal Reserve Chair Janet Yellen said Tuesday that she believes banking regulators have made enough improvements to the financial system that the world will not experience another financial crisis "in our lifetimes."

Ransomware attack hits property arm of France bank BNP Paribas

5 hours 6 min ago

A global cyberattack has hit the property arm of France's biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading.

Sugar Mobile not quite dead yet, as analysts dream of more wireless competition

6 hours 41 min ago

Sugar Mobile — an upstart provider offering wireless plans for as little as $19 a month — lost 80 to 90 per cent of its subscribers when the CRTC sided with Rogers and ordered it off the big telco's network. But a call to review that decision has thrown Sugar a lifeline, boosting hopes for more competition in Canada's wireless sector.

Canada's big banks admit they overcharged customers — what went wrong?

Tue, 06/27/2017 - 18:13

All of Canada's big banks have now been slapped with multi-million dollar penalties for overcharging investor clients. Critics say it's time for more oversight in the investment banking industry.

Facebook hits 2 billion users, doubling in size since 2012

Tue, 06/27/2017 - 13:10

Facebook Inc. said on Tuesday that 2 billion people are regularly using its flagship service, marching past another milestone in its growth from a college curiosity in the United States to the world's largest social media network.

Royal Bank to pay back $22M in investment fees it overcharged

Tue, 06/27/2017 - 11:23

The Royal Bank of Canada will pay almost $22 million in compensation to clients who were charged excess fees on some mutual funds and investments products.

Ransomware is infecting computers all across Europe in another major attack

Tue, 06/27/2017 - 09:50

A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk.

World's first ATM turns to gold on 50th birthday

Tue, 06/27/2017 - 09:14

Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.

No security risks in Chinese takeover of Canadian satellite firm: Trudeau

Tue, 06/27/2017 - 07:43

​Prime Minister Justin Trudeau is making his strongest defence yet of his government's decision to allow a Chinese telecom giant to take over a Canadian satellite technology company.

'Trump' dumped: Toronto condo and hotel tower to ditch Trump name

Tue, 06/27/2017 - 07:28

The new owners of the Trump International Hotel and Tower Toronto have reached a deal that will see the Trump name removed from the property.

EU fines Google billions for breaching antitrust rules

Tue, 06/27/2017 - 03:06

The European Union's competition watchdog has slapped a record 2.42 billion euro, roughly $3.6 billion Cdn, fine on internet giant Google for breaching antitrust rules with its online shopping service.

Canada could use a $5 coin — and a lot less small change: Don Pittis

Tue, 06/27/2017 - 02:00

This week, the loonie turns 30. Don Pittis explores why it may be time to start saying a long goodbye to the blue $5 bill.

Oilsands, mining companies watch B.C. solar project with intrigue

Tue, 06/27/2017 - 02:00

Mining companies investing in renewable energy may seem far fetched, but those in the industry say the sector is looking for opportunities that make financial sense.

'A seat at the table': GM CEO Mary Barra on engaging with Trump

Mon, 06/26/2017 - 14:12

At a time when some business leaders have pulled away from working with U.S. President Donald Trump, the head of General Motors sees a need for engagement with the White House.

Alphabet partners with Avis to manage self-driving car fleet

Mon, 06/26/2017 - 14:06

Waymo, the self-driving car unit of Alphabet Inc, said on Monday it signed a multi-year agreement with Avis Budget Group Inc for the car rental firm to manage its growing fleet of autonomous vehicles, sparking a surge in Avis Budget's stock.

Disgruntled U.S. Tim Hortons franchisees follow Canadian example, form alliance

Mon, 06/26/2017 - 10:11

A group representing Tim Hortons franchisees who are unhappy with the management of the coffee-and-doughnut chain says it now has a U.S. chapter, a development that could put further pressure on the parent company.

16-bit is back: Nintendo's Super NES Classic launches this fall

Mon, 06/26/2017 - 09:56

Nintendo has announced the Super NES Classic console, a miniaturized version of its 16-bit console from the 1990s and a followup to last year's wildly popular NES Classic.

Company that made cladding on Grenfell Tower will stop selling non fire-resistant version

Mon, 06/26/2017 - 09:20

The company that supplied the cladding used on London's Grenfell Tower says it will stop selling the type of panels that were on the building where at least 79 people perished in a devastating fire earlier this month.

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