Business
‘Our data has never been stored in China,’ TikTok CEO tells Ted Talks
By The Canadian Press on April 20th, 2023
VANCOUVER – The CEO of TikTok dropped into a Ted Talks in Vancouver to address concerns over data security on his social media platform. Shou Zi Chew told Chris Anderson, the head of Ted Talks, that TikTok data has never been stored in China and while they have some legacy data to be deleted on ... Read More »
Be the first to comment!2050 a more important climate target than 2030, proponents of carbon capture say
By The Canadian Press on April 20th, 2023
CALGARY – Proponents of carbon capture and storage technology say 2050 is a more important target than 2030 when it comes to reducing emissions. On Wednesday, Alberta’s United Conservative government committed for the first time to getting the province to net-zero greenhouse gas emissions by 2050 – the same time frame the federal government has ... Read More »
Be the first to comment!Twitter begins removing blue checks from users who don’t pay
By Barbara Ortutay, The Associated Press on April 20th, 2023
This time it’s for real. Many of Twitter’s high-profile users are losing the blue check marks that helped verify their identity and distinguish them from impostors on the Elon Musk-owned social media platform. After several false starts, Twitter began making good on its promise Thursday to remove the blue checks from accounts that don’t pay ... Read More »
Be the first to comment!Bank regulator action on climate change “overdue and now urgent”: audit
By The Canadian Press on April 20th, 2023
OTTAWA – Canada’s environment commissioner says action by the federal banking regulator on climate change is overdue and now urgent. Commissioner Jerry DeMarco says in an audit released Thursday that it’s encouraging that the Office of the Superintendent of Financial Institutions (OFSI) both recognizes the risks of climate change to banks and the financial system, ... Read More »
Be the first to comment!BMO names Darrel Hackett as head of U.S. division as current lead to retire
By The Canadian Press on April 20th, 2023
TORONTO – BMO says it has named Darrel Hackett as head of the bank’s U.S. operations as the current lead Dave Casper is set to retire. The bank says that as of June 1, Hackett will be U.S. chief executive of BMO Financial Group, president and CEO of BMO Harris Bank N.A., and chief executive ... Read More »
Be the first to comment!Hold the phone: Jim Balsillie sets the record straight on ‘BlackBerry’ movie
By David Friend, The Canadian Press on April 20th, 2023
TORONTO – Jim Balsillie is having his Hollywood moment. It was almost inevitable the Waterloo, Ont., businessman would one day be portrayed in film for his role in the global success of the BlackBerry smartphone. And yet Balsillie never predicted how strange it would be to see it happen, especially since his cinematic version is ... Read More »
Be the first to comment!TTC rejects Bell’s proposal for joint-build wireless cellphone network
By The Canadian Press on April 20th, 2023
TORONTO – The agency that operates Toronto’s subway system says a proposal by Bell Canada to revamp its wireless service model is a “non-starter.” On Wednesday evening Industry Ministry François-Philippe Champagne called on Canada’s major telecom companies to reach a deal that would allow any company to access the TTC network. Bell president and CEO ... Read More »
Be the first to comment!TD says still in talks on extending First Horizon deal but offers little detail
By The Canadian Press on April 20th, 2023
TORONTO – Shareholders looking for an update on TD Bank Group’s US$13.4 billion takeover of First Horizon Corp. were left with few answers at the bank’s annual meeting Thursday. Facing numerous questions about the deal after U.S. banking turmoil has pushed down the value of Tennessee-based First Horizon, chief executive Bharat Masrani stuck to a ... Read More »
Be the first to comment!Group calls on Twitter to change label for public broadcasters in Canada, Australia
By The Canadian Press on April 20th, 2023
A global journalism organization is calling on Twitter to correct its description of public broadcasters in Canada, Australia, New Zealand and South Korea. The Global Task Force for public media – chaired by CBC president Catherine Tait – says calling four of its members “government-funded media” is misleading. The group says Twitter applied the label ... Read More »
Be the first to comment!Activist investor puts more pressure on Parkland Fuel; will oppose incumbent board
By The Canadian Press on April 20th, 2023
CALGARY – A U.S. activist investor says it will withhold support from all of Parkland Fuel Corp.’s incumbent directors at the company’s upcoming annual meeting. New York-based Engine Capital LP, which owns about a two per cent stake in Parkland, says the Calgary-based fuel supplier and marketer has been “unresponsive” to its calls for change ... Read More »
Be the first to comment!S&P/TSX composite down as price of oil moves lower, U.S. stock markets also lower
By The Canadian Press on April 20th, 2023
TORONTO – Canada’s main stock index was down in late-morning trading, weighed down by losses in the energy sector as the price of oil fell. The S&P/TSX composite index was down 26.85 points at 20,653.98. In New York, the Dow Jones industrial average was down 78.82 points at 33,818.19. The S&P 500 index was down ... Read More »
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