Conservative push to expand carbon tax carve-out fails, as Bloc sides with Liberals
By Stephanie Taylor, The Canadian Press on November 6th, 2023
OTTAWA – A Conservative motion to expand a carve-out from carbon pricing to all forms of home heating failed to pass the House of Commons on Monday, despite surprising support from the New Democrats NDP Leader Jagmeet Singh and his party backed the motion, but Bloc Québécois Leader Yves-François Blanchet had told reporters ahead of ... Read More »
Be the first to comment!Stock market today: Wall Street drifts and holds steadier after last week’s big swings
By Stan Choe, The Associated Press on November 6th, 2023
NEW YORK (AP) – Stocks drifted to a mixed close as Wall Street’s wild recent moves calm a bit. The S&P 500 rose 0.2% Monday in its first trading after careening from months of sharp losses to its best week of the year. The Dow added 34 points, and the Nasdaq composite rose 0.3%. More ... Read More »
Be the first to comment!Fortnite maker accuses Google of bullying and bribing to block competition to its Android app store
By Michael Liedtke, The Associated Press on November 6th, 2023
SAN FRANCISCO (AP) – Google on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people’s dependence on one of its main products to stifle competition at consumers’ expense. The trial that opened in a San Francisco federal ... Read More »
Be the first to comment!Zara Canada being investigated by ethics watchdog over alleged links to forced labour
By The Canadian Press on November 6th, 2023
OTTAWA – Canada’s corporate ethics czar says it has launched a fact-finding investigation into allegations that Zara Canada Inc. is working with companies that use forced labour in China. The Canadian Ombudsperson for Responsible Enterprise says its investigation into the apparel company stems from allegations made by 28 civil society organizations. The organizations alleged in ... Read More »
Be the first to comment!Fortnite maker challenges Google’s ability to take a cut of in-app purchases
By Michael Liedtke, The Associated Press on November 6th, 2023
SAN FRANCISCO (AP) – Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century. The latest threat will unfold in a San Francisco federal court, where a 10-person jury will decide whether Google’s digital ... Read More »
Be the first to comment!ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition
By Barbara Ortutay And Matt O'brien, The Associated Press on November 6th, 2023
SAN FRANCISCO (AP) – More than 900 software developers and other attendees showed up to the inaugural developer conference for the artificial intelligence company behind ChatGPT Monday, embracing a Silicon Valley tradition for technology showcases that Apple helped pioneer decades ago. The path to OpenAI’s debut DevDay has been an unusual one. Founded as a ... Read More »
Be the first to comment!‘Doesn’t make sense’: Business leaders say halted trade talks harm India and Canada
By The Canadian Press on November 6th, 2023
MONTREAL – Business leaders continue to grapple with the economic uncertainty fostered by the rift between the Canadian and Indian governments, saying the suspension of free trade talks hurts both sides. The heads of several commercial groups say the souring relationship marks a major hurdle to boosting bilateral trade beyond last year’s $20.9 billion in ... Read More »
Be the first to comment!Cadillac Fairview shifts Montreal development project to rentals from office space
By The Canadian Press on November 6th, 2023
MONTREAL – Cadillac Fairview Corp. Ltd. says it will build a project in downtown Montreal as rental apartments, rather than its original plan for office space. The developer says that 750 Peel, part of its much larger redevelopment in the city’s core, will have 510 rental units with a 2026 completion date. It had previously ... Read More »
Be the first to comment!Barrick Gold increases stake in Hercules Silver with $23.4M investment
By The Canadian Press on November 6th, 2023
TORONTO – Barrick Gold Corp. has signed a deal to increase its stake in Hercules Silver Corp. to more than 10 per cent with an investment of $23.4 million. Under the agreement, the gold miner will acquire 21,265,370 units in a non-brokered private placement at a price of $1.10 per unit. Each unit includes one ... Read More »
Be the first to comment!Telecom companies discuss increased adoption of AI at annual conference
By The Canadian Press on November 6th, 2023
TORONTO – As Canada’s telecom sector undergoes technological changes, artificial intelligence could be leveraged to predict and reduce network outages or change the way customer service is provided. That is one of the key messages from Telus Corp.’s chief information officer Hesham Fahmy, who says AI is useful for recognizing data patterns and detecting anomalies. ... Read More »
Be the first to comment!Tech weakness weighs on S&P/TSX composite, while U.S. stock markets rise
By The Canadian Press on November 6th, 2023
TORONTO – Losses in the technology stocks helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets were higher to start the week. The S&P/TSX composite index was down 32.10 points at 19,792.75. In New York, the Dow Jones industrial average was up 34.37 points at 34,095.69. The S&P 500 index ... Read More »
Be the first to comment!
