Canada Business News
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OxyContin drug maker mulls bankruptcy due to myriad lawsuits
OxyContin maker Purdue Pharma LP explores filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar w

Alberta was counting on Enbridge’s Line 3 to ease the province's oil glut and end production cuts
Canada quietly moves to resolve steel spat with Mexico
Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. The NAFTA partner vigorously objected to being targeted by Canada's emergency safeguards measure last fall and threatened t

Pop star Katy Perry is in hot water for selling shoes that evoke — intentionally or not — the racist imagery.
Governments have made a mess of pot legalization
Terrible dope shortages haunt the land. Illegal dealers push their shoddy wares on the unsuspecting. Oh, the horror! Etc.Once all the various levels of government have finished blaming one another for the stalled launch of legal cannabis, here’s

A departure hall at Amsterdam's Schiphol Airport was briefly cleared on Monday after a Canadian man claimed to have a bomb, national police said in a statement.
Russia bails out Venezuela, pockets key energy assets
CARACAS – As allies go, Venezuela is a relatively cheap one for Russia. But the potential returns on Moscow’s investment there could be priceless.
In exchange for modest loans and bailouts over the past decade, Russia now owns significant parts of at l
Drawing a line in the oilsands
After so many battles with industry and government, the mindset of Indigenous leadership has evolved. They lack the resolve to keep going to war against oilsands development when there’s no reason to believe they'll be able to stop it.

The department store says it stopped selling the hats in October, but a shopper spotted them on Saturday.
Marlboro owner Altria buys a third of vape company Juul
Marlboro cigarette maker Altria Group Inc. on Thursday announced it would pay $12.8 US billion to take a 35 per cent stake in Juul Labs Inc., a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroad

Donald Trump's steel and aluminum tariffs contradict a key component of the new North American trade agreement dealing with cars.
Canadian Chamber of Commerce solidly backs carbon pricing
The Canadian Chamber of Commerce says the business community in Canada is solidly backing carbon pricing as the way for it to "play its part in the fight against climate change" — and it wants governments to stop playing politics and waffling about it.

The 552-carat yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest ever found in Canada

At least one person is heard cheering in the background after he slammed down the phone
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