Malls gathered facial images of five million shoppers without consent: watchdogs

Malls gathered facial images of five million shoppers without consent: watchdogs
OTTAWA — Five million images of peoples’ faces were collected through digital information kiosks in 12 malls across Canada without the knowledge or consent of the shoppers, privacy watchdogs say. An investigation by the federal, Alberta and B.C. privacy commissioners found commercial real estate firm Cadillac Fairview embedded small cameras equipped with facial-recognition technology in the kiosks. The company told... Read More

Insurance firms pledge small-business help as pressure to address rising rates mounts

Insurance firms pledge small-business help as pressure to address rising rates mounts
A group representing Canadian insurance companies has launched a team that will help small businesses find affordable coverage as rates rise during the pandemic, but critics expressed skepticism over the move. The Insurance Bureau of Canada, an association that represents the industry, said Thursday that the team will start its work by focusing on helping the hard-hit hospitality sector in... Read More

N.S. offers hotels, motels property tax rebate to help with COVID-induced losses

N.S. offers hotels, motels property tax rebate to help with COVID-induced losses
HALIFAX — Nova Scotia’s beleaguered tourism industry is getting more help from the province with a property tax rebate for operators of hotels, motels and inns. Business Minister Geoff MacLellan said today the rebate will cost about $4.6 million. The program begins Nov. 16 and will provide qualified operators with a 25 per cent rebate on their 2020-21 commercial property... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,670.70 up 84.13 points.) Husky Energy Inc. (TSX:HSE). Energy. Down seven cents, or 1.96 per cent, to $350 on 14.3 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Down 19 cents, or 4.14 per cent, to $4.40 on 14.2 million shares. Suncor Energy... Read More

TC Energy reports third-quarter profit up from year ago, revenue up

TC Energy reports third-quarter profit up from year ago, revenue up
CALGARY — TC Energy Corp. reported its third-quarter profit rose compared with a year ago as its revenue edged higher. The Calgary-based pipeline company says its profit attributable to common shares amounted to $904 million or 96 cents per share for the quarter ended Sept. 30, up from $739 million or 79 cents per share a year ago. Revenue totalled... Read More

Suncor says end of Alberta oil quotas a “positive signal” as it reports $302M loss

Suncor says end of Alberta oil quotas a “positive signal” as it reports $302M loss
CALGARY — The CEO of Suncor Energy Inc. says the Alberta government’s decision to end its oil production curtailment program in December after almost two years is “a very positive signal” for the oilsands and refining giant. On a conference call, Mark Little says the end of the quota system imposed to support oil prices will allow Suncor to operate... Read More

Gildan Activewear reports US$56.4M third-quarter profit, tops expectations

Gildan Activewear reports US$56.4M third-quarter profit, tops expectations
MONTREAL — Gildan Activewear Inc. topped expectations as it reported a third-quarter profit of US$56.4 million and its sales recovered after plunging earlier this year due to the pandemic. The Montreal-based clothing manufacturer, which keeps its books in U.S. dollars, says the profit amounted to 28 cents per diluted share for the quarter ended Sept. 27 compared with a profit... Read More

Nokia profit up, new CEO pledges to boost 5G investments

Nokia profit up, new CEO pledges to boost 5G investments
HELSINKI — Finnish telecommunications company Nokia on Thursday reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for 5G cellular networks. Nokia said it would invest more in the new generation of broadband technology and revamp business strategy under its new CEO, who said the company would do “whatever it takes” to... Read More

Largest luxury deal back on, Tiffany agrees to lower price

Largest luxury deal back on, Tiffany agrees to lower price
NEW YORK — The largest deal in luxury is back on after New York’s famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.8 billion, down from the $16.2 billion that was first offered earlier this year. The owner of... Read More

Shell shareholders get reward as oil giant returns to profit

Shell shareholders get reward as oil giant returns to profit
LONDON — Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War II. The oil giant, which is trying to transform itself into a carbon-neutral energy company, said Thursday that it was planning to increase its dividend by 4% to 16.65 U.S.... Read More