BMO, National Bank, TD follow U.S. banks to quit global climate alliance
The Bank of Montreal has become the first Canadian bank to withdraw from the Net-Zero Banking Alliance, which aims to align lending, investment and capital markets activity with net-zero greenhouse ...
How TikTok grew from an app for teens into a potential national security threat
Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen ...
FTC raises antitrust concerns about Microsoft-OpenAI partnership
Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud ...
Canada 'will not hesitate’ to hit U.S. with billions in tariffs
Goods worth $3.6 billion cross the Canada-U. S. border every day. A Canadian Chamber of Commerce analysis said 25 per cent tariffs could shrink Canada’s gross domestic product by 2.6 per cent and ...
U.S. Federal Reserve withdraws from global climate coalition
The United States Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of ...
SpaceX Starship explosion triggers FAA investigation
The FAA will work with SpaceX as it identifies what went wrong and what steps it must take to fix it. As in previous probes triggered by SpaceX’s botched launches, the company leads the investigation ...
Alberta Energy Regulator lays nine charges against Imperial Oil for 2023 spill
FORT MCMURRAY, Alta. — The Alberta Energy Regulator has laid nine charges against Imperial Oil Ltd. almost two years after an estimated 5.3 million litres of toxic wastewater spilled from a pond at ...
Bank of Canada promises better communication around quantitative easing, if used again
In a report following its review of actions taken in response to the pandemic, the Bank of Canada committed to using an exit ...
Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs
MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S.
US lawsuit accuses Pepsi company of price discrimination that favored Walmart over smaller ...
The FTC sued PepsiCo under the rarely enforced 1936 Robinson-Patman Act. The FTC said the act prohibits companies from using promotional incentive payments to favor large customers over smaller ones.
Hudson’s Bay lays off 41 staff, cites ’challenging headwinds’
TORONTO — Hudson’s Bay Co. says it has laid off 41 staff as it revamps the retailer’s structure. Charla Parkinson, a ...
Canadians flock to Chinese ’RedNote’ app ahead of U.S. TikTok ban
With TikTok facing an imminent ban in the United States, many Canadian users are moving to rival Chinese social media app ...