TD Bank shakes up leadership amid scandal around anti-money-laundering program

TD Bank shakes up leadership amid scandal around anti-money-laundering program

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

Hundreds of buildings with Science Centre roof panels remain open

Hundreds of buildings with Science Centre roof panels remain open

The same lightweight concrete roofing material blamed for safety risks at the Ontario Science Centre is used in hundreds of other aging public buildings across the province, yet officials haven’t pointed to any others that have been ordered closed. The revelation comes as critics question whether the findings of an engineering report on the science centre’s … Read more

Ticketmaster owner Live Nation confirms data breach

Ticketmaster owner Live Nation confirms data breach

Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year. In a filing with the U.S. Securities and Exchange Commission, Live Nation said it found “unauthorized activity” in a third-party … Read more

SaltWire’s money woes a sign of bigger problems in the newspaper business: experts

SaltWire’s money woes a sign of bigger problems in the newspaper business: experts

The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. “We’re seeing a resurgence in a steady spate of closings and scaling back of local news operations,” said … Read more

Netflix reports the money is rolling in — and so are advertisements for Canadian subscribers

Netflix reports the money is rolling in — and so are advertisements for Canadian subscribers

Netflix told investors it has added millions of new customers and has lots of room to grow its revenue — with part of that growth coming from the planned elimination of the cheapest, ad-free plan available to Canadians. According to fourth quarter results, released late Tuesday afternoon, Netflix is planning to “retire” what it refers to as … Read more

McDonald’s eyes record global expansion in coming years, with more focus on delivery

McDonald’s eyes record global expansion in coming years, with more focus on delivery

McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per cent from more than 40,000 McDonald’s locations in operation today. The company says its anticipated expansion would represent the … Read more