Expectations high that federal budget will make big investments in cybersecurity

Expectations high that federal budget will make big investments in cybersecurity
OTTAWA — Government and industry insiders have high expectations next week’s federal budget will contain big investments to help Canada reinforce its cybersecurity defences in an age of heightened global threats to businesses, privacy and democracy. A senior government official says Tuesday’s budget is poised to dedicate funding for a multi-departmental effort to strengthen the country’s protections and response capabilities in the event of an attack. The official, speaking on condition of anonymity about details not yet public, said Ottawa’s cyber-effort... Read More

TD Bank stops allowing customers to use credit cards to buy cryptocurrency

TD Bank stops allowing customers to use credit cards to buy cryptocurrency
TORONTO — TD Bank says it is taking a pause on allowing customers to use its credit cards to buy cryptocurrency. The big bank says it made the decision to conduct a review and assessment of the evolving market. The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies. The value... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,524.01, up 84.57 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down seven cents, or 1.79 per cent, to $3.85 on 16.1 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 24 cents, or 2.19 per cent, to $10.72 on 8.8 million shares. Element Fleet Management Corp. (TSX:EFN). Financial Services. Up 35 cents, or... Read More

Alleged content piracy case heads to Federal Court of Appeal at companies’ request

Alleged content piracy case heads to Federal Court of Appeal at companies’ request
OTTAWA — Bell, Rogers and Quebecor will be allowed to take their legal battle with the TVAddons website — which they allege is a content piracy operation that violates their copyrights — to the Federal Court of Appeal. The three telecom-media groups were able to obtain a court order last June that allowed authorities to search the Montreal home of website operator Adam... Read More

Walmart partnering with online grocery service to bring home delivery to Vancouver

Walmart partnering with online grocery service to bring home delivery to Vancouver
VANCOUVER — Walmart Canada Corp. says it is partnering with an online grocery service to bring home delivery to Vancouver by the summer, as the brick-and-mortar retailer ramps up its effort in the country to compete with Amazon. The arrangement will see Walmart work with Vancouver-based Sustainable Produce Urban Delivery to bring its food delivery platform, Food-X Urban Delivery Inc., to... Read More

New Uber feature to force drivers to take a break after 12 straight hours

New Uber feature to force drivers to take a break after 12 straight hours
TORONTO — Uber drivers in Canada trying to work for more than 12 hours straight will soon be forced to take a six-hour break before they can hit the road again. The new policy being rolled out at the beginning of next week will be enforced through the company’s ride-hailing app, which will block drivers from accepting customers after a half a day of consecutive work. Uber Canada’s general... Read More

Ontario wrestles title from Quebec for most electric car sales in 2017

Ontario wrestles title from Quebec for most electric car sales in 2017
MONTREAL — More electric vehicles were sold in Ontario than any other province last year, wrestling the title from Quebec for the first time. According to data compiled by Fleet Carma, 7,477 battery and plug-in hybrid electric vehicles were sold in Canada’s most populous province. That compared to 7,194 sold in Quebec, followed by 3,270 in British Columbia. Ontario’s sales increased... Read More

Shopify tops expectations, reports Q4 revenue up 71 per cent from year ago

Shopify tops expectations, reports Q4 revenue up 71 per cent from year ago
OTTAWA — Shopify Inc. reported a better-than-expected fourth quarter as its revenue jumped 71 per cent compared with a year ago. The Ottawa-based online store platform company, which keeps its books in U.S. dollars, said it lost $3 million or three cents per share in the last three months of 2017. That compared with a loss of $8.9 million or 10 cents per... Read More

3,300 Shaw employees accept voluntary buyouts, one-quarter of workforce

3,300 Shaw employees accept voluntary buyouts, one-quarter of workforce
TORONTO — Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package — far above the company’s original estimate of about 650. The Calgary-based company says about one-quarter of its workforce will be departing over an 18-month period as part of a previously announced multi-year transformation of its business. Among the departures will be chief... Read More