TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
A crew of four private astronauts ascended into space early Tuesday on a risky SpaceX mission to attempt the first-ever private spacewalk using the company’s new spacesuits and a redesigned spacecraft. A billionaire entrepreneur, a retired military fighter pilot and two SpaceX employees were launched from NASA’s Kennedy Space Center in Cape Canaveral, Fla., aboard … Read more
Hundreds of workers are facing an uncertain future after logging giant Canfor announced Wednesday it would close its sawmills in Vanderhoof and Fort St. John, B.C., by the end of the year. It’s the latest blow to the beleaguered B.C. forestry sector, which has seen a wave of mill closures over the last few years. Last … Read more
China has submitted a request to Canada for consultation at the World Trade Organization on additional tariffs it has imposed on Chinese electric vehicles as well as steel and aluminum products, the Commerce Ministry said on Friday. “On Sept. 6, China lodged a request for consultations with Canada at the WTO regarding Canada’s additional tariffs … Read more
Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts targeting the brands as symbols of America, and by extension Israel, at a time of war in … Read more
For the first time, Canada’s two main railway companies — Canadian National Railway and Canadian Pacific Kansas City — are on the verge of a simultaneous labour stoppage that could inflict billions of dollars’ worth of economic damage. Why are both companies poised to stop? Contract talks between the Teamsters union and the companies usually take place … Read more
Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. The company formerly known as Twitter filed the lawsuit on Tuesday in a federal court in Texas against the World Federation of Advertisers and … Read more
Alphabet’s Google broke the law with monopolistic behaviour over online search and related advertising, a federal judge ruled on Monday, the first victory for U.S. antitrust authorities who have filed numerous lawsuits challenging Big Tech’s market dominance. The decision is a significant win for the U.S. Justice Department, which had sued the search engine giant … Read more
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the global outage on July 19 that crashed more than eight million computers. In a proposed class action filed on Tuesday night in the Austin, Texas, federal court, shareholders said they learned that … Read more
Walking through the buzz and brush of her bee yard, Maggie Lamothe-Boudreau points to a nearly empty wooden pallet that used to house hives in her field in Saint-Adrien-d’Irlande, Que. She’s about 200,000 bees short. Last week, four hives disappeared overnight in what she suspects was an amateur hive heist. Leaving behind a pair of … Read more
