BMO stops allowing credit and debit cards for cryptocurrency purchases

BMO stops allowing credit and debit cards for cryptocurrency purchases
TORONTO — The Bank of Montreal has stopped allowing customers to use its credit cards to buy cryptocurrency such as bitcoin. The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards. The bank’s decision follows a move by TD Bank last month to stop allowing customers to use its credit cards to... Read More

Radio giant iHeartMedia files bankruptcy plan, expects to operate as usual

Radio giant iHeartMedia files bankruptcy plan, expects to operate as usual
TORONTO — IHeartMedia, which has a Canadian partnership with Bell Media, says it’s operating as usual while working on a plan to reduce its debt by US$10 billion while under bankruptcy court protection from its creditors. Among its branding partners is Bell Media, which owns Canada’s largest private-sector radio network as well as the CTV network, conventional local television stations and specialty TV channels including the music-oriented... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,670.62, up 17.01 points) Element Fleet Management Corp. (TSX:EFN). Financial Services. Down $1.25, or 24.41 per cent, to $3.87 on 15.4 million shares. Enbridge Inc. (TSX:ENB). Oil and gas. Down $1.81, or 4.22 per cent, to $41.06 on 9.8 million shares. Aurora Cannabis Inc. (TSX:ACB).... Read More

Innisfil says Uber transit partnership is saving it $8M per year

Innisfil says Uber transit partnership is saving it $8M per year
INNISFIL, Ont. — The town of Innisfil, Ont., estimates an experimental transit partnership with Uber is saving more than $8 million per year compared to what an equivalent door-to-door bus service would cost. Innisfil turned to the ride-hailing company last year as an alternative to a traditional public transit system, after a study determined traditional transit would be too expensive and inefficient... Read More

Canadian auto parts giant Magna International gets lift from partnership with Lyft

Canadian auto parts giant Magna International gets lift from partnership with Lyft
AURORA, Ont. — Magna International stock was up almost five per cent in early trading Thursday following a technology development deal between the Canadian auto parts giant and Lyft Inc., an American ride-hailing company. The CEO of Magna International says he sees a great long-term opportunity for developing advanced driverless car technology through its new multi-year partnership and a US$200 million investment in... Read More

BlackBerry Ltd. extends contract with executive chairman John Chen through 2023

BlackBerry Ltd. extends contract with executive chairman John Chen through 2023
WATERLOO, Ont. — BlackBerry Ltd. is extending executive chairman and chief executive John Chen’s contract through to November 2023. Chen joined BlackBerry in November 2013 and has led the company through a restructuring that has seen it transform from a smartphone maker into a cybersecurity software and services firm. BlackBerry lead director Prem Watsa says Chen’s leadership is critical and that the board... Read More

Ottawa offering $500M for projects aimed at cutting greenhouse gasses

Ottawa offering $500M for projects aimed at cutting greenhouse gasses
VANCOUVER — Ottawa is offering $500 million to businesses, local governments and advocacy groups for new ideas on how to cut Canada’s carbon footprint. Environment Minister Catherine McKenna says the government’s Low Carbon Economy Challenge will dole out the money over the next four years to fund projects aimed at reducing greenhouse gas emissions, while also saving energy and creating green jobs. McKenna says those projects could look to cut... Read More

Trump’s new economic aide: Loves trade with Canada, calls Trudeau ‘crazy’ lefty

Trump’s new economic aide: Loves trade with Canada, calls Trudeau ‘crazy’ lefty
WASHINGTON — U.S. President Donald Trump’s new top economic adviser’s views on trade will likely thrill Justin Trudeau — so long as he’s willing to overlook some of his other views: specifically, those involving the prime minister himself. A former Wall Street analyst and current cable-TV personality, Larry Kudlow was named Wednesday as the new director of the White House National Economic Council. He’s a... Read More