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How ViacomCBS's Content Deals Cost U.S. Taxpayers $4 Billion
A new report details ViacomCBS’s use of a labyrinthine tax shelter to sell rights to its shows and films overseas.
A new report details ViacomCBS’s use of a labyrinthine tax shelter to sell rights to its shows and films overseas.
One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack
A cyberattack on JBS SA, the largest meat producer globally, has forced the shutdown of some of world’s largest slaughterhouses, and there are signs that the closures are spreading.JBS’s five biggest beef plants in the U.S. -- which altogether handle Why electric cars will take over sooner than you think
The BBC's Justin Rowlatt explains why we are accelerating towards an electric car future. Thinking of buying a new couch' The price may have just quadrupled
The federal government slapped tariffs on certain types of furniture made in Vietnam and China earlier this month, and the impact on consumers and retailers has been dramatic, with some items now costing almost four times what they did before. Canada's cattle sector on guard as beef-labelling talk returns in the U.S.
Amid the struggles of American ranchers, some people are trying to bring back controversial rules on country-of-origin labelling on beef. Canadian producers and trade experts who closely follow the issue are taking notice. Earnings bonanza continues at big banks as RBC, TD and CIBC profits up by more than 100%
Three of Canada's biggest banks saw their profits either more than double or more than quadruple last quarter, a sign that the worst of the economic toll of the pandemic may be in the rear-view mirror as the country's biggest lenders are back to raking in Canada's oldest oil and gas trade association to drop 'oil' from its name in bid to upgrade image
The new mandate comes at a time when the sector is facing increasing pressure to reduce harmful greenhouse gas emissions and transition to lower-emitting sources of energy. U.S. amping up dispute with Canada over allowed exports of American dairy products
The United States is ramping up its dispute with Canada over the sale of American dairy products north of the border — the first significant new trade squabble between the two countries of the post-NAFTA era. U.S. law allowing cruise ships to skip B.C. ports would set risky precedent: harbour authority | CBC News
The CEO of the Greater Victoria Harbour Authority says legislation temporarily allowing international cruise ships to bypass B.C. ports feels like a dangerous precedent. U.S. move to double tariffs on Canadian softwood lumber is ‘egregious,’ says BC Lumber Trade Council WestJet airport staff in Calgary and Vancouver join Unifor
WestJet front desk agents and baggage staff at the two largest airports in Western Canada are now unionized following approval from the Canada Industrial Relations Board. U.S. Commerce Department doubles tariffs on Canadian softwood lumber imports
The president of the BC Lumber Trade Council says a move by the United States to double tariffs on Canadian softwood lumber is "particularly egregious" given current record high lumber prices. Ontario woman who choked on screw in Tim Hortons iced coffee says she was only offered free lunch
An Ontario woman who choked on a screw found in a Tim Hortons' iced coffee says the company's response to the incident has been a 'huge slap in the face.' TD Bank accused of losing customers' RSPs — again
TD Canada Trust customers are accusing the bank of losing tens of thousands of dollars in retirement savings plan contributions they entrusted to the financial institution. Mannequin-breast beer taps: Enderby pub owner defends her new draught taps amid online controversy
The new beer taps at The Small Axe Roadhouse bar in Enderby, B.C., includes two mannequin torsos, with a draught beer tap installed on each breast. Greyhound shutting down all bus service in Canada permanently
Greyhound Canada is permanently cutting all bus routes across the country, shutting down the intercity bus carrier's operations in Canada after nearly a century of service.China’s Bond Defaults Pile Up at Fastest Pace on Record
Chinese corporations are defaulting on local bonds at the fastest pace on record, as authorities ramp up efforts to introduce more financial discipline and transparency in the world’s second-largest debt market.
Chinese corporations are defaulting on local bonds at the fastest pace on record, as authorities ramp up efforts to introduce more financial discipline and transparency in the world’s second-largest debt market. New Sooke distillery gutted by early morning fire | CTV News
A newly opened distillery business in Sooke has been destroyed in an early morning fire. House of Commons approves back-to-work legislation to reopen Port of Montreal
The House of Commons has approved legislation to put an end to a strike that has shut down one of Canada's busiest ports. Alberta urged to remove hurdles to turning dormant oil wells into 'major' opportunity
Repurposing dormant oil and gas sites in Alberta for use in alternative energy could be a "major" economic opportunity, according to a new report. Ottawa tables legislation to send striking Port of Montreal workers back on the job
Federal Labour Minister Filomena Tassi has tabled back-to-work legislation to force more than 1,000 people back on the job at the port. From diapers and mattresses to a can of Coke: Why price tags are climbing
Businesses and manufacturers in many different industries are experiencing rising costs mainly because of commodity prices. The pandemic is playing a role, both squeezing supply chains and shifting consumer demand. Cadillac Plans To Go All Electric, And It's Starting Immediately
GM has been sort of flip-flopping on EVs for years, but we give them a ton of credit for sticking with it. Most other OEMs aren't pushing that hard. 'We know we are being censored': Uvagut TV will not rebroadcast Baffinland hearings
Uvagut TV will not rebroadcast public hearings for a controversial proposal to expand operations at Baffinland's Mary River mine after the Nunavut Impact Review Board denied its request to do so. Bill Hwang Had $20 Billion, Then Lost It All in Two Days
Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of.
Starting in 2013, he parlayed more than $200 million left over from his shuttered hedge fund into a mind-boggling fortune by betting on stocks. Had he Giant airship project, touted as solution to remote shipping, 'on track' says company
The giant airships promise to lower the cost of northern shipping. However, there's no flying prototype yet. Windsor Assembly Plant shutting down for 4 weeks amid microchip shortage, union says
The Windsor Assembly Plant will be shut down for four weeks starting Monday, according to the union representing workers there. Investors brace for fallout after hedge fund default reportedly triggered $20 billion fire sale of stocks
With a number of banks said to be exposed to Archegos, investors are on the lookout for signs of contagion. U.S. stocks fell from all-time highs as traders weighed the level of contagion from forced block trades through financial markets.How U.S. media lost the trust of the public |
A global pandemic, anti-racism protests and a turbulent U.S. presidential election had Americans glued to their screens in 2020, but as people consumed more news, they began to trust media less, surveys suggested. The CBC documentary Big News takes a look
A global pandemic, anti-racism protests and a turbulent U.S. presidential election had Americans glued to their screens in 2020, but as people consumed more news, they began to trust media less, surveys suggested. The CBC documentary Big News takes a lookChina erasing H&M from internet amid Xinjiang backlash
H&M disappeared from the internet in China as the government raised pressure on shoe and clothing brands and announced sanctions Friday against British officials in a spiralling fight over complaints of abuses in the Xinjiang region.
H&M disappeared from the internet in China as the government raised pressure on shoe and clothing brands and announced sanctions Friday against British officials in a spiralling fight over complaints of abuses in the Xinjiang region. George Weston Ltd. puts Weston Foods bakery business up for sale after review | CTV News
George Weston Ltd. is putting its Weston Foods bakery business up for sale and doubling down on its core retail and real estate operations, the company said Tuesday. Canada predicts largest oil province Alberta to lead growth in renewables
Canada's biggest oil-producing province Alberta is expected to see the fastest growth in renewable energy capacity between 2018 and 2023, the Canada Energy Regulator forecast in a Tuesday report, as new wind and solar projects help replace coal-fired elec Canadian Pacific Kansas City railroad megamerger would create the first Mexico-US-Canada rail network
Two of North America's largest railroad companies announced a merger Sunday that would connect freight customers to Canada, the United States and Mexico on a single network for the first time in history. Campground near Drayton Valley providing work opportunities for vulnerable people
A former social worker who now owns a campground outside Drayton Valley, AB., is combining the two careers in an effort to help vulnerable people find meaningful work. Plant-based protein industry set to grow in Alberta with new Calgary facility
The business of making plant protein based products is on the rise globally and now Calgary is home to a new facility of its kind with Lovingly Made Ingredients. Extraction to begin at N.W.T. rare earths project in April
Cheetah Resources, the company that owns the Nechalacho project, said a mining fleet will mobilize next week at its rare earths project. U.S. solar industry comes ‘roaring back,’ breaks multiple records in 2020
Despite all the challenges of 2020, the U.S. solar industry broke several records.
The U.S. Solar Market Insight 2020 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, found that the industry installe Rogers signs deal to buy Shaw in transaction valued at $26B | CBC News
Rogers Communications has signed a deal to buy Shaw Communications in a transaction valued at $26 billion, including debt. Closing of HuffPost Canada 'abrupt' and 'devastating,' editor says
The closing of HuffPost Canada and HuffPost Québec was an abrupt development for the journalists who were in the middle of a workday when the announcement was made by new ownership. Tesla unit reportedly building large battery for Texas power grid
Gambit Energy Storage LLC, which is registered as a Tesla Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, according to a Bloomberg report Prof says rare earth elements facility in Saskatoon could stabilize supply chain in North America
A new processing facility being built in Saskatoon could be part of the solution to a recent global shortage of computer chips and semiconductors for vehicles and electronics. More signals of a Roaring '20s rebound for Canadian economy when pandemic ends | CBC News
Despite the biggest economic slump since 1961, there are new signals that the Canadian economy will bounce back due to an "extraordinary" surge in wealth and savings and a rebound in confidence.Back to Canada News
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