Google to charge for apps on Android phones in Europe

Google to charge for apps on Android phones in Europe
LONDON — Google plans to start charging smartphone makers to pre-install apps like Gmail, YouTube and Google Maps on Android handsets sold in Europe, a response to a record $5 billion antitrust fine imposed by the European Union. The U.S. tech company’s announcement Tuesday is a change from its previous business model of letting manufacturers install Google’s suite of popular... Read More

Senators urge Trudeau government to overhaul tax system, cut corporate taxes

Senators urge Trudeau government to overhaul tax system, cut corporate taxes
OTTAWA — The Senate’s banking committee is urging the Trudeau government to take big steps on taxation that include introducing immediate corporate tax cuts to ease competitiveness concerns and revamping the whole tax system. In a report Tuesday, senators called on the federal Liberals to launch a royal commission on taxation with a goal of finding ways to improve the system’s efficiency, simplicity and international competitiveness. They want... Read More

TSX posts best day in six months despite pullback in cannabis shares

TSX posts best day in six months despite pullback in cannabis shares
TORONTO — Canada’s main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday’s legalization. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. The activity comes as U.S.... Read More

U.S. policies, procedures on pot at the border won’t budge with legalization

U.S. policies, procedures on pot at the border won’t budge with legalization
WASHINGTON — Customs and Border Protection officials are serving notice that the possession of cannabis is against federal U.S. law — and that their policies and procedures won’t change just because it’s legal in Canada. Executive assistant commissioner Todd Owen says border officers will have “broad latitude” to determine whether someone who admits to using marijuana should be deemed inadmissible... Read More

‘It’s like the gold rush,’ some pot shops to stay open despite threat of prosecution

‘It’s like the gold rush,’ some pot shops to stay open despite threat of prosecution
TORONTO — Hours after marijuana becomes legal, Toronto enforcement officers will fan out across the city looking for any illegal pot shops still open — the start of a cat-and-mouse game that is expected to play out over the next six months. Ontario will have no brick-and-mortar cannabis stores until April 1, 2019, with the only legal retailer being a provincial government-run online store. The owners... Read More

Report: Uber IPO could put company value at $120 billion

Report: Uber IPO could put company value at $120 billion
NEW YORK — Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley. There is no guarantee Uber will fetch that valuation, or go... Read More

US employers post record number of open jobs in August

US employers post record number of open jobs in August
WASHINGTON — U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 per cent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is... Read More

U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar

U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar
TORONTO — Canada’s main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher. The S&P/TSX composite index was up 94.71 points at 15,504.18. In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points... Read More

Bombardier on track to hit business jet delivery targets, meeting expectations

Bombardier on track to hit business jet delivery targets, meeting expectations
MONTREAL — Bombardier Inc. says it has fulfilled more than 70 per cent of its expected business aircraft deliveries for the year, as a lengthening order backlog points to growing demand for long-range planes. In the quarter ended Sept. 30, the Montreal-based company delivered 31 business jets, bringing the total to 96 so far in 2018, in line with analyst... Read More

Earth samples show dust from B.C. pipeline blast not a health threat: Enbridge

Earth samples show dust from B.C. pipeline blast not a health threat: Enbridge
VANCOUVER — The company that owns the natural gas pipeline that ruptured and burned one week ago in central British Columbia, says the dust that settled on homes near the blast site does not pose a health threat. The latest post on the Enbridge website says earth sampling near Prince George shows mineral and metal composition is well below provincial and federal standards for urban and... Read More