Business
The sale of Teck to a foreign buyer would be a loss for Canada, critics say
By The Canadian Press on April 17th, 2023
VANCOUVER – Some industry watchers say a hostile takeover of Canada’s largest diversified mining company by a foreign entity would be bad news for the Canadian economy. Swiss commodities giant Glencore is proposing to buy Vancouver-based mining company Teck Resources Ltd., an offer that Teck’s board has rejected. Some analysts say such a transaction would ... Read More »
Be the first to comment!Minnesota is latest to settle with e-cigarette maker Juul
By Steve Karnowski, The Associated Press on April 17th, 2023
MINNEAPOLIS (AP) – Minnesota announced a settlement Monday in its lawsuit against Juul Labs and tobacco giant Altria – the first of thousands of cases against the e-cigarette maker to reach trial – just ahead of closing arguments. It comes only days after Juul announced its biggest settlement ever over the way it marketed its ... Read More »
Be the first to comment!CBC should exit Twitter over ‘government-funded media’ label: public policy expert
By The Canadian Press on April 17th, 2023
TORONTO – At least one public policy expert says CBC should leave Twitter after the social media giant labelled its main account as “government-funded media.” Vass Bednar says unless the label issued Sunday changes as quickly as it was applied, the public broadcaster should find other ways to stay connected with Canadians. The executive director ... Read More »
Be the first to comment!S&P/TSX composite edges up in late-morning trading, U.S. stock markets mixed
By The Canadian Press on April 17th, 2023
TORONTO – Strength in technology stocks helped Canada’s main stock index to edge higher in late-morning trading, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was up 3.93 points at 20,583.84. In New York, the Dow Jones industrial average was up 32.25 points at 33,918.72. The S&P 500 ... Read More »
Be the first to comment!Speaker McCarthy vows to pass debt bill — with spending cap
By Lisa Mascaro, The Associated Press on April 17th, 2023
WASHINGTON (AP) – House Speaker Kevin McCarthy pledged on Monday to pass legislation to raise the nation’s debt ceiling – but on condition of capping future federal spending at 1% – as he lashed out at President Joe Biden for refusing to engage in budget-cutting negotiations to prevent a debt crisis. In a high-profile speech ... Read More »
Be the first to comment!Ottawa to support Ericsson Canada on $470 million project to develop faster networks
By The Canadian Press on April 17th, 2023
OTTAWA – The federal government is partnering with wireless networking technology company Ericsson Canada to invest more than $470 million in a project that aims to push research and development toward creating 5G and 6G networks. Prime Minister Justin Trudeau made the announcement today alongside Industry Minister François-Philippe Champagne in Ottawa. The project is supposed ... Read More »
Be the first to comment!Minnesota settles lawsuit against e-cigarette maker Juul
By Steve Karnowski, The Associated Press on April 17th, 2023
MINNEAPOLIS (AP) – Minnesota announced a settlement Monday in its lawsuit against Juul Labs and tobacco giant Altria – the first of thousands of cases against the e-cigarette maker to reach trial – just ahead of closing arguments. The terms will be kept confidential until formal papers are publicly filed with the court in 30 ... Read More »
Be the first to comment!Minnesota settles case against e-cigarette maker Juul
By Steve Karnowski, The Associated Press on April 17th, 2023
MINNEAPOLIS (AP) – Minnesota announced a settlement Monday in its lawsuit against Juul Labs and tobacco giant Altria – the first of thousands of cases against the e-cigarette maker to reach trial – just ahead of closing arguments. The terms will be kept confidential until formal papers are publicly filed with the court in 30 ... Read More »
Be the first to comment!Federal workers to strike Wednesday if union, government don’t reach deal by Tuesday
By Cindy Tran, The Canadian Press on April 17th, 2023
OTTAWA – The country’s largest federal public service union says if a deal isn’t reached with the federal government by 9 p.m. EDT on Tuesday, it will launch a strike this Wednesday. The Public Service Alliance of Canada says some 155,000 employees are prepared to walk off the job, including 35,000 workers from the Canada ... Read More »
Be the first to comment!Deepfake porn could be a growing problem amid AI race
By Haleluya Hadero, The Associated Press on April 17th, 2023
NEW YORK (AP) – Artificial intelligence imaging can be used to create art, try on clothes in virtual fitting rooms or help design advertising campaigns. But experts fear the darker side of the easily accessible tools could worsen something that primarily harms women: nonconsensual deepfake pornography. Deepfakes are videos and images that have been digitally ... Read More »
Be the first to comment!Rogers to move 300 international Shaw call centre jobs to Western Canada
By The Canadian Press on April 17th, 2023
TORONTO – Rogers Communications Inc. is relocating around 300 Shaw call centre jobs based overseas to Canada. The positions will be located in B.C., Alberta and Manitoba, contributing to Ottawa’s requirement that Rogers create 3,000 new jobs in Western Canada as part of its $26-billion acquisition of Shaw Communications Inc. earlier this month. It is ... Read More »
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