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Day: July 13, 2019

Facebook faces a $5B FTC fine, the largest ever in tech

July 13, 2019 CanadianInvestor
Facebook faces a $5B FTC fine, the largest ever in tech
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it’s given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant’s deep pockets. But it will... Read More
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Stocks to Watch

  • Roots says earnings down as business performed ‘below our expectations’
    December 06, 2019

    Roots says earnings down as business performed ‘below our expectations’

    TORONTO — Retail company Roots says its third-quarter earnings dipped from last year to come in below its...
  • Canopy says new generation of cannabis products won’t be on shelves until January
    December 06, 2019

    Canopy says new generation of cannabis products won’t be on shelves until January

    SMITHS FALLS, Ont. — Canopy Growth Corp. says its new generation of cannabis-infused food and beverage products won’t be...
  • Most actively traded companies on the TSX
    December 05, 2019

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto...
  • TD revenue up, earnings slip in what the bank calls a ‘challenging environment’
    December 05, 2019

    TD revenue up, earnings slip in what the bank calls a ‘challenging environment’

    TORONTO — TD Bank Group’s profit slipped in the fourth quarter compared with a year ago, missing analyst...
  • The Second Cup agrees to buy Ottawa chain Bridgehead Coffee for $9.5 million
    December 05, 2019

    The Second Cup agrees to buy Ottawa chain Bridgehead Coffee for $9.5 million

    MISSISSAUGA, Ont. — The Second Cup Ltd. says it has agreed to buy Ottawa-based Bridgehead Coffee in a...
  • Aeroplan workers ratify collective agreement after joining Air Canada
    December 05, 2019

    Aeroplan workers ratify collective agreement after joining Air Canada

    TORONTO — About 400 Aeroplan workers have ratified a collective agreement that standardizes wages for employees...

Technology

  • December 03, 2019

    Desjardins CEO announces departure of two senior execs after data breach

  • December 03, 2019

    Google co-founders step down as execs of parent Alphabet

    SAN FRANCISCO — Google co-founders Larry Page and Sergey Brin are stepping down from their roles...
  • December 03, 2019

    Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

    CALGARY — Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its...
  • December 03, 2019

    Huawei moving US research centre to Canada

    BEIJING — The founder of Huawei says the Chinese tech giant is moving its U.S. research centre to...
  • November 29, 2019

    Toronto man sues Airbnb after being shot at party house booked through platform

    TORONTO — A Toronto man is suing Airbnb after being shot while attending a large party...
  • November 28, 2019

    CCTS says telecoms complaints surge for another year on billing, contract issues

    OTTAWA — Complaints against telecom and cable companies rose by 35 per cent last year to continue an...
  • November 26, 2019

    Best Buy cruises into the holidays

    NEW YORK — Best Buy is entering the critical holiday season with good cheer, raising its...
  • November 26, 2019

    Tech hubs in smaller cities gaining traction as companies hunt for labour

    TORONTO — A new report says Toronto still dominates Canada’s tech scene, but smaller markets are...
  • November 26, 2019

    Sidewalk Labs and Plaza Ventures launch fund focused on urban tech

    TORONTO — Google sister company Sidewalk Labs has partnered with Plaza Ventures to launch a venture...
  • November 25, 2019

    Uber loses license in London over safety, vows to appeal

    London’s transit authority on Monday refused to renew Uber’s license to operate, with the ride-hailing company...

Real Estate

  • December 04, 2019

    Toronto home sales up 14.2% in November, prices see highest gains of the year

  • November 29, 2019

    Toronto man sues Airbnb after being shot at party house booked through platform

    TORONTO — A Toronto man is suing Airbnb after being shot while attending a large party...
  • November 27, 2019

    Catalyst Capital Group makes rival takeover offer for Hudson’s Bay Co.

    The groups behind competing offers to take Canada’s oldest retailer private engaged in a public war...
  • November 26, 2019

    Tech hubs in smaller cities gaining traction as companies hunt for labour

    TORONTO — A new report says Toronto still dominates Canada’s tech scene, but smaller markets are...
  • November 26, 2019

    Sidewalk Labs and Plaza Ventures launch fund focused on urban tech

    TORONTO — Google sister company Sidewalk Labs has partnered with Plaza Ventures to launch a venture...
  • November 18, 2019

    Tribunal upholds Toronto rules on short-term rentals like Airbnb

    TORONTO — An Ontario tribunal has upheld rules passed by the City of Toronto on short-term rentals like...
  • November 15, 2019

    CREA: national home sales up 12.9 per cent in October compared with last year

    OTTAWA — The Canadian Real Estate Association says the number of home sales was up 12.9 per cent...
  • November 13, 2019

    Home Capital reports Q3 profit up from year ago, mortgage originations up

    TORONTO — Home Capital Group Inc. reported its third-quarter profit rose compared with a year ago...
  • November 12, 2019

    Research, experimentation key to finding the right price for your Airbnb rental

    Carolyn Hocquard wanted to make some extra cash to cover rent, when her mom moved out...
  • November 10, 2019

    Five things to watch for in the Canadian business world in the coming week

    TORONTO — Five things to watch for in the Canadian business world in the coming week:...

Oil & Gas

  • December 05, 2019

    Saudi Aramco plans $25.6B share sale in biggest ever IPO

  • December 03, 2019

    Cleveland-Cliffs buying AK Steel in $1.1B stock deal

    Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies...
  • December 03, 2019

    Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

    CALGARY — Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its...
  • December 02, 2019

    Husky Energy confirms 370 job cuts as it trims 2020-21 spending by $500 million

    CALGARY — About 370 jobs have been cut at Husky Energy Inc. this year with most of the...
  • December 02, 2019

    Husky Energy cutting capital spending plan for 2020 and 2021 by $500 million

    CALGARY — Husky Energy Inc. is cutting its capital spending plan for 2020 and 2021 by...
  • November 29, 2019

    Western separatism, pipeline delays weigh on corporate mood at Alberta forum

    LAKE LOUISE, Alta. — Presenters at a business forum in the Alberta mountain resort town of Lake...
  • November 29, 2019

    Energy and health care sectors weigh on stocks in Toronto, U.S. stocks also down

    TORONTO — Losses in the energy and health-care sectors weighed on stocks in Toronto in late-morning trading as U.S....
  • November 26, 2019

    Arriving ‘too late’ rated biggest risk for growth in Canadian LNG industry

    CALGARY — The former executive director of the International Energy Agency says the biggest risk to...
  • November 22, 2019

    MEG Energy stock rises on plan to lower spending, pay debt, maintain output

    CALGARY — Shares in oilsands producer MEG Energy Corp. rose by as much as 3.9 per...
  • November 21, 2019

    CP Rail to acquire railway that owns tracks involved in Lac-Megantic disaster

    Canadian Pacific Railway Ltd. has entered into a US$130-million deal to acquire the Central Maine and...

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