Canada Business News
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Bell, Telus award 5G contracts to European firms, Huawei shut outBusiness | 206783 hits | 10:20 PM on Thursday | posted by Freakinoldguy
Huawei Technologies Inc.'s ambitions to be a player in Canada's 5G network took a major hit Tuesday as two of the country's three largest telecom companies announced partnerships with the Chinese tech giant's European rivals. Sask.-grown purple wheat holds promise as grain with health benefits and flash of colour
Purple wheat hasn’t made it big as an ingredient in Canadian products quite yet, finding more of its success overseas, but those studying and marketing its health properties — and those growing it on Saskatchewan soil — see great potential in the violet p Bank charges mom $30,000 mortgage penalty after being forced to sell home because of pandemic | CTV News
An Ontario real estate agent who lost her income and was forced to sell her home when the COVID-19 pandemic hit says she feels like her bank took the last stab at her when they charged a $30,000 mortgage penalty. Local steel company angry after losing Canadian job to Chinese firm | Windsor StarBusiness | 206940 hits | 4:10 PM on Saturday | posted by Freakinoldguy
Robo farm: AI machine 'DOT' comes to an Ontario farm for the first time
Anyone driving past Haggerty Creek in Bothwell over the past few days has likely seen an unusual and possibly unfamiliar piece of agricultural equipment. That's because the farm became the first such facility in Ontario to purchase and have delivered Volkswagen loses landmark German 'dieselgate' case
A ruling in a German court could have implications for other VW motorists seeking compensation. TC Energy joins hydroelectric power storage project at retired coal mine site
Developers of a stored hydroelectric power project to be built next to a retired open pit coal mine east of Jasper National Park have enlisted TC Energy Corp. as a partner. Accounting firm to review AIMCo's $2.1-billion investment loss
Outside reviewers will study how the Alberta Investment Management Corporation (AIMCo) lost $2.1 billion this year on a single investment strategy. Former health minister Rona Ambrose joins board of e-cigarette company Juul
Former interim Conservative leader and past federal health minister Rona Ambrose has joined the board of directors for e-cigarette company Juul. World's biggest wealth fund blacklists 4 Canadian energy firms for greenhouse emissions
The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world's largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firm 
Talk about a self-inflicted wound.
Saudi Aramco, the world’s most valuable company by market capitalization, saw its revenues shrink US$34 billion as the strategy of its biggest shareholder came home to roost. Construction of expanded Trans Mountain pipeline to begin soon in B.C.
Construction will soon ramp up on the expansion of the Trans Mountain oil export pipeline, including the installation of pipe in British Columbia where opposition to the project has been loudest. 
Canada's oil and gas sector is on the ropes as COVID-19 crushes demand and a global price war pushes domestic companies to the brink of bankruptcy — but two opposition leaders say Ottawa should simply let part of the industry wither and die. Tiff Macklem to lead the Bank of Canada
Finance Minister Bill Morneau has appointed Tiff Macklem, the former senior deputy governor of the Bank of Canada, to take over the top job at the central bank as it navigates the uncertainty of a pandemic-driven recession. As Oil Industry Swoons, Tar Sands Workers Look to Renewables for Jobs
In the early 2000s, Brandon Sandmaier worked as a heavy-duty mechanic in Canada’s tar sands, the world’s largest industrial project, located in northern Alberta. He built pipelines and repaired 400-ton trucks that haul thick, oily bitumen through the open Irving Oil wants more Canadian crude for its Atlantic operations
Company eyes foreign tankers for delivery of domestic oil, including shipments from B.C. through the Panama Canal. Alberta public pension manager AIMCo reportedly takes big hit to investments
The Alberta Investment Management Corporation — the province's government-owned pension management fund — has reportedly taken a major hit due to the impacts of COVID-19 and the drastic drop to oil prices. Oil Plunges Below Zero for First Time With May Contract Ending
Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused by the coronavirus crisis left traders desperate to avoid taking delivery of physical crude. 1,000 workers temporarily laid off at Alberta meat plant with COVID-19 outbreak, union says
A southern Alberta meat packing plant where dozens of employees have tested positive for COVID-19 has now temporarily laid off 1,000 staff, according to the union representing them.China McDonald's apologises for Guangzhou ban on black people
A ban at a Guangzhou branch of the fast-food chain came amid rumours Africans were spreading coronavirus.
Business | 207338 hits | 9:36 AM on Tuesday | posted by N_Fiddledog
A ban at a Guangzhou branch of the fast-food chain came amid rumours Africans were spreading coronavirus. Wage subsidy bill expected to pass as Parliament reconvenesBusiness | 207500 hits | 1:45 PM on Saturday | posted by N_Fiddledog
The federal government's wage subsidy legislation is expected to pass Parliament today after days of protracted negotiations between the government and opposition parties produced an agreement to pass a bill that will flow billions of dollars to comp Canada lost a record one million jobs in MarchBusiness | 207389 hits | 10:52 AM on Thursday | posted by N_Fiddledog
The country's unemployment rate rose to 7.8% as non-essential business closed due to the coronavirus.Truck Driver Stabs 3 Women To Death at Truck Stop In Knoxville, Tenn.
A truck driver fatally stabbed three people and wounded another at a Knoxville truck stop Tuesday morning. He was later shot dead by deputies.
Business | 207713 hits | 11:52 AM on Wednesday | posted by N_Fiddledog
A truck driver fatally stabbed three people and wounded another at a Knoxville truck stop Tuesday morning. He was later shot dead by deputies. Tech companies may leave Alberta over Kenney's devotion to oilpatch
The Alberta government's deep devotion to the oil and gas sector, including billions of dollars of support for the Keystone XL pipeline, is why some technology companies in the province are now looking to relocate elsewhere. Alberta Premier Jason Kenney talking to Washington about tariffs on Saudi and Russian oilBusiness | 207551 hits | 2:01 PM on Sunday | posted by N_Fiddledog
'We’re prepared to go the distance here,' Kenney told the Financial Times, but joint tariffs with the U.S. would require federal approval from Ottawa Shockproofing Canada: Why the Keystone pipeline is just the start of making us energy self-sufficientBusiness | 207401 hits | 1:50 PM on Sunday | posted by N_Fiddledog
'This is our hedge that we get at least one major project built. That will ensure the flexibility for the future': Alberta Premier Jason Kenney Stoners cheered when Canada legalised cannabis. How did it go so wrong'Business | 207777 hits | 1:23 PM on Sunday | posted by N_Fiddledog
Growers have gone bust, and the black market is still thriving Mexico joins Canada, notifies U.S. it's ready to implement new NAFTABusiness | 207307 hits | 1:21 PM on Sunday | posted by N_Fiddledog
The Mexican government notified Canada and the U.S. late Friday that it is ready to implement the revised North American trade agreement, leaving it up to the Americans now to decide when the deal should take effect. 'There is some upside': Optimism in natural gas sector a result of oil industry's crisisBusiness | 207311 hits | 1:14 PM on Sunday | posted by N_Fiddledog
The problems plaguing the oil industry — a sharp drop in fuel demand and OPEC countries flooding the market with oil — could mean higher prices for natural gas. Good deed served medium rare to truckers in WainwrightBusiness | 207329 hits | 1:05 PM on Sunday | posted by N_Fiddledog
A restaurant owner's offer of a free steak dinner made a good impression this week on an Alberta truck driver. Nanaimo pulp mill boosts medical pulp productionBusiness | 207775 hits | 1:02 PM on Sunday | posted by N_Fiddledog
A B.C. pulp mill that makes a special recipe of pulp for surgical masks, gowns and other medical supplies has doubled up on its production. Canada's Big Six banks cut credit card interest rates to ease coronavirus impactBusiness | 207310 hits | 12:50 PM on Sunday | posted by N_Fiddledog
Most of the banks’ credit cards charge interest between 19.99% and 20.99% on purchases.Venezuelan Navy boat rams German cruise ship and sinks
The German vessel was heading to a Venezuelan island for repairs when it was shot at and rammed by the Navy patrol boat. The cruise firm says its ship suffered minor damage but the smaller boat sank.
Business | 207451 hits | 11:42 AM on Friday | posted by N_Fiddledog
The German vessel was heading to a Venezuelan island for repairs when it was shot at and rammed by the Navy patrol boat. The cruise firm says its ship suffered minor damage but the smaller boat sank. Telsa Cybertruck Pre-Orders Soar To Over 600,000
Tesla Cybertruck pre-orders have reportedly surpassed 600,000 and are well on their way to hit one million before the electric pickup truck launches next year. Penske buys Formula 1, Stroll and Wolff buy Ferrari
In news that is set to shake the motorsport world, we have learned that Mercedes motorsport chief Toto Wolff and Canadian billionaire Lawrence Stroll have struck a deal to purchase 51% of Ferrari and at the same time tapped up their friend Roger Penske toPakistan, China and Russia decide to conduct trade in local currencies skip dollars
The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dol
The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dol Keystone XL Oil Pipeline Gets Go-Ahead After Alberta Puts Up $1.1 BillionBusiness | 206654 hits | 1:18 PM on Wednesday | posted by N_Fiddledog
Oil price falls below $20 US a barrel, its lowest since 2002Business | 207522 hits | 11:54 PM on Monday | posted by N_Fiddledog
The benchmark price for a barrel of North American oil dipped below $20 on Monday morning, the first time that's happened in 18 years.Chinese markets are still selling bats
Terrified dogs and cats crammed into rusty cages. Bats and scorpions offered for sale as traditional medicine. Markets in China are operating as usual.
Business | 207781 hits | 11:43 AM on Sunday | posted by N_Fiddledog
Terrified dogs and cats crammed into rusty cages. Bats and scorpions offered for sale as traditional medicine. Markets in China are operating as usual. Bank of Canada makes another emergency cut to interest rateBusiness | 207600 hits | 12:07 PM on Saturday | posted by N_Fiddledog
The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis. Netflix, Bell Media reduce video quality to lower internet bandwidth useBusiness | 207581 hits | 12:03 PM on Saturday | posted by N_Fiddledog
Netflix and several other streaming giants have announced they are lowering video quality for customers, in order to grapple with the pressure put on their systems from increased use. Barrel of Monkeys now worth more than a barrel of Alberta oil
The price of oil from Western Canada hit an a record low on Thursday and pushed the value of bitumen to zero or even negative, according to one analyst. World's wind power capacity up by fifth after record year | Environment | The Guardian
Offshore windfarms and onshore projects in US and China fuel one of strongest years on record Walmart, Loblaw and Save-On-Foods hiring to keep up with grocery demandBusiness | 207496 hits | 9:42 AM on Saturday | posted by N_Fiddledog
To keep up with high demand for pick-up and delivery, Walmart Canada, Loblaw and Save-On-Foods say they plan on hiring a lot of new workers at their stores and distribution centres to keep up with demand.Back to Canada News
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