MPs give Equifax Canada’s chief privacy officer a rough ride over data breach

MPs give Equifax Canada’s chief privacy officer a rough ride over data breach
OTTAWA — MPs chastised an Equifax Canada executive Monday for not doing more to make amends to thousands of Canadians whose personal information was compromised by hackers. John Russo, chief privacy officer for the Canadian branch of the global credit-reporting firm, faced a barrage of pointed questions at a House of Commons committee over how the breach happened and the adequacy of... Read More

Suncor starts process to add 700 megawatts of oilsands cogeneration

Suncor starts process to add 700 megawatts of oilsands cogeneration
CALGARY — Suncor Energy (TSX:SU) says it has started the regulatory process on replacing aging boilers at its oilsands Base Plant with two cogeneration units to lower costs and carbon output. The company says the cogeneration units, which allows industries to use both the electricity and heat created in power generation, will replace boilers that currently use petroleum coke as fuel. Suncor says... Read More

Aphria set to be Shoppers Drug Mart’s cannabis supplier with new agreement

Aphria set to be Shoppers Drug Mart’s cannabis supplier with new agreement
VANCOUVER — Marijuana producer Aphria Inc. announced it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The company said Monday that it will provide the pharmacy with four strains of dried marijuana flower in two different sizes and four cannabis oils. All 12 products will carry the Aphria brand name. The deal comes after many... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,969.03, down 69.94 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 10 cents, or 1.33 per cent, to $7.32 on 13.7 million shares. Lundin Mining Corp. (TSX:LUN). Miner. Down 16 cents, or 2.22 per cent, to $7.06 on 7.2 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up five cents, or 1.62 per... Read More

Flair Airlines tinkering with ultra low cost model by eliminating carry-on fee

Flair Airlines tinkering with ultra low cost model by eliminating carry-on fee
MONTREAL — Flair Airlines Ltd. is tinkering with the ultra low cost airline model used in the U.S. and Europe by eliminating carry-on luggage charges in response to consumer demand. Effective immediately, the B.C.-based carrier will remove the $30 carry-on baggage fee. Spokeswoman Julie Rempel says the one-month trial will likely be extended indefinitely because of strong passenger demand. Discount airlines keep... Read More

Vancouver property prices up 14 per cent since Nov. 2016, real estate board says

Vancouver property prices up 14 per cent since Nov. 2016, real estate board says
Vancouver’s real estate board says the average property price in Metro Vancouver last month rose 14 per cent from November 2016, with condominiums and attached properties making the biggest gains. The Real Estate Board of Greater Vancouver says the composite benchmark price for a property rose to $1,046,900 last month — up 0.4 per cent compared to October. The board says... Read More

Canada, China delay launch of trade talks as Trudeau continues state visit

Canada, China delay launch of trade talks as Trudeau continues state visit
BEIJING — Prime Minister Justin Trudeau concluded talks with the Chinese premier in Beijing, but they were not able to announce the start of formal free trade talks. Trudeau said there wasn’t one particular issue that held up the talks, but he wants a progressive trade deal that includes addressing issues such as gender, the environment and labour. “China is... Read More

Shares in Cameco up after Kazakhstan plans uranium production cuts

Shares in Cameco up after Kazakhstan plans uranium production cuts
TORONTO — Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production. Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January. Kazakhstan is one of the world’s largest uranium producers. Shares of Saskatoon-based Cameco were up $1.69 at $13.73 in... Read More

Husky Energy plans for higher 2018 capital budget compared with this year

Husky Energy plans for higher 2018 capital budget compared with this year
CALGARY — Husky Energy Inc. (TSX:HSE) is planning to increase its capital spending in 2018 to between $2.9 billion and $3.1 billion. That includes up to $1.1 billion on growth projects and up to $2 billion on sustaining and corporate spending. The 2018 capital budget is below the annual average of $3.3 billion a year anticipated in the company’s five-year plan, but... Read More

Health care company McKesson Canada acquires online retailer Well.ca

Health care company McKesson Canada acquires online retailer Well.ca
TORONTO — Health care services company McKesson Canada has acquired retailer Well.ca, which sells health, wellness, natural and baby products online. Financial terms of the deal were not immediately available. McKesson says the deal brings online commerce capabilities and digital experience to McKesson Canada’s retail assets, including the Rexall Drug Store chain. Well.ca and McKesson Canada have been working together... Read More