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Category: Canada

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Trump blasts Fed ‘incompetence’ as trade war wobbles stock markets again

On: August 8, 2019 By: Helen Smith

TRUMP DEPARTS

Donald Trump lashed out at the U.S. central bank on Wednesday, accusing the Federal Reserve’s interest rate policy with holding back the economy from winning a trade war he is trying to wage with China.

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Category: Canada

Tech boom creating two-tiered Canadian job market: some cities have them, and some don’t, TD Bank says

On: August 8, 2019 By: Helen Smith

TD-RESULTS/

The latest report from TD Economics shows just how close Canada is from mirroring the regional inequality seen within the U.S. labour market.

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Category: Canada

Lyft continues to post losses despite revenue growth

On: August 8, 2019 By: Helen Smith

Sask Ride Hailing Regulations 20181206

Lyft is reporting strong revenue growth but deep losses in its second quarter, a trend that it has so far been unable to reverse.

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Category: Canada

Samsung ditches headphone jack after jabs at jackless rivals

On: August 8, 2019 By: Helen Smith

Samsung New Note Phone

Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing.

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Category: Canada

Ontario woman files suit on behalf of Canadians affected by Capital One data breach

On: August 8, 2019 By: Helen Smith

capital one bank

A prominent Ontario personal injury law firm has filed a class action on behalf of Canadians affected by the huge Capital One data breach that was disclosed last week.

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Category: Canada

Trade war rhetoric between U.S. and China eases Tuesday as Beijing revalues yuan

On: August 7, 2019 By: Helen Smith

US China Trade Currencies

Stock markets largely settled down on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in a long-drawn trade war, a day after Wall Street suffered its sharpest one-day percentage drops of the year.

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Category: Canada

Disney earnings miss forecasts as streaming costs rise

On: August 7, 2019 By: Helen Smith

The Walt Disney Company

Walt Disney Co. reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business it is building to challenge Netflix.

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Category: Canada

SNC-Lavalin shares fall to lowest level since 2005 as Caisse demands answers

On: August 7, 2019 By: Helen Smith

SNC-Lavailin headquarters Montreal

Shares of SNC-Lavalin Inc. plummeted to the lowest level in nearly 15 years Tuesday in reaction to its largest shareholder, the Caisse de depot et placement du Quebec, warning that the embattled engineering firm had to move to emergency mode to improve its project execution.

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Category: Canada

Not cleared for landing: Spurned Transat bidder trying to block Air Canada takeover

On: August 7, 2019 By: Helen Smith

air transat air canada composite

Montreal real estate developer Group Mach is again offering Transat A.T. shareholders $14 per share, this time in an effort to scoop up 19.5 per cent of the airline’s shares in order to block its sale to Air Canada.

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Category: Canada

Japan’s NEC shows off a ‘flying car’ that can hover steadily for a minute

On: August 6, 2019 By: Helen Smith

Japan Flying Car

A test flight for a new, car-size flying drone that could one day autonomously deliver packages reached three metres high and lasted about 45 seconds in a Tokyo suburb on Monday.

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Category: Canada

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