International forum: Don’t expect cheap money to do it all

International forum: Don’t expect cheap money to do it all
FRANKFURT — Stocks have risen on expectation of more help from central banks, but an international forum of central bankers warned Sunday that monetary authorities like the global economic recovery can’t just rely on more support from the likes of the U.S. Federal Reserve and the European Central Bank to get past its current shaky stretch. The admonition from the... Read More

Are you on speaking terms with your old pensions? Ignoring them could cost you

Are you on speaking terms with your old pensions? Ignoring them could cost you
TORONTO — If you haven’t thought about the pension funds you’ve racked up at previous jobs for a while, it might be a good idea to check in. Not keeping in touch with plan administrators at those old workplaces could see you missing out on important decisions, and in some cases even lose you money. While there isn’t reliable data on just how... Read More

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

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: RBI respite? Restaurant Brands International Inc. releases its first quarter financial results on Monday. An Ontario Superior Court judge is expected to approve in the coming days a proposed settlement that will close two cases between RBI and a restive group of Tim Hortons... Read More

Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More

Equifax fell short of privacy obligations to Canadians, says privacy commissioner

Equifax fell short of privacy obligations to Canadians, says privacy commissioner
OTTAWA — Canada’s privacy commissioner says Equifax fell short of its privacy obligations to Canadians during and after a global data breach in 2017. Privacy concerns included poor security safeguards, retaining information too long, inadequate consent procedures, a lack of accountability for Canadians’ information and limited protection measures offered to affected individuals after the breach. Commissioner Daniel Therrien says these exacerbated the... Read More

Is Canada getting wise to AI commercialization, or churning out more research?

Is Canada getting wise to AI commercialization, or churning out more research?
In May 2017, Uber announced it had hired a renowned University of Toronto professor to lead a Toronto-based team that develops autonomous car technology. The ride-hailing company also pledged $5 million for the university’s brand new Vector Institute for Artificial Intelligence. While the move drew praise from academics, others derided the notion that taxpayers should pay the salary of a professor whose intellectual property... Read More

13 and 4: Real estate’s unlucky numbers and what some cities are doing about it

13 and 4: Real estate’s unlucky numbers and what some cities are doing about it
TORONTO — It’s an open secret among real estate agents that in certain communities, condo units on the fourth floor can take longer to sell. “When I was younger, I didn’t believe any of these things. I thought it was just BS,” said Tina Mak, a Vancouver-area real estate agent who has been in the business for nearly 30 years. “You... Read More

Where are the drones? Amazon’s customers are still waiting

Where are the drones? Amazon’s customers are still waiting
Jeff Bezos boldly predicted five years ago that drones would be carrying Amazon packages to people’s doorsteps by now. Amazon customers are still waiting. And it’s unclear when, if ever, this particular order by the company’s founder and CEO will arrive. Bezos made billions of dollars by transforming the retail sector. But overcoming the regulatory hurdles and safety issues posed... Read More

Labour movement is in the fight for its life, say experts

Labour movement is in the fight for its life, say experts
TORONTO — The latest battle to save thousands of auto jobs in Ontario is but one of many Canada’s largest private sector union will likely have to fight as automation, technology and globalization increasingly change the face of manufacturing, experts say. The decline of the sector — and the resulting job losses — started long before General Motors announced its plan to shutter its assembly plant in Oshawa, Ont., —... Read More

Make sure your holiday budget includes more than just gifts, experts say

Make sure your holiday budget includes more than just gifts, experts say
OTTAWA — The holiday season comes every year and so too the warnings of overspending, but the consequences of a financial hangover this year are growing compared with just a few years ago. As the Bank of Canada continues to raise its key interest rate target, the cost to borrow using variable-rate loans like home equity lines of credit has... Read More