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: BoC speech Bank of Canada governor Stephen Poloz gives a speech to Atlantic Provinces Economic Council and Greater Moncton Chamber of Commerce on Thursday evening. The central bank cited ongoing trade tensions in its Sept. 5 decision to leave its key interest rate target... Read More

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’
OTTAWA — The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions. In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds... Read More

Cineplex signs 4DX deal to expand the technology across the country

Cineplex signs 4DX deal to expand the technology across the country
TORONTO — Cineplex Inc. says it has signed an agreement with immersive cinema company CJ 4DPLEX Co. Ltd. to bring 4DX technology to 13 cinemas. The deal with Seoul-based CJ 4DPLEX will mark the first time Cineplex will deliver 4DX’s motion, wind, fog, rain, lightning, snow, bubbles, vibration and scent features to theatre seats in markets outside of Toronto. Cineplex says it will announce cities that will receive 4DX cinemas in... Read More

Saudi sovereign fund invests $1B in US electric car firm

Saudi sovereign fund invests $1B in US electric car firm
DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the news, the same day that the Saudi fund announced it had taken... Read More

Report: Machines to handle over half workplace tasks by 2025

Report: Machines to handle over half workplace tasks by 2025
GENEVA — More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labour market will change in coming years. The World Economic Forum estimates that machines will be responsible for 52 per cent of the division of labour as share of hours... Read More

Northwestel’s upgraded satellite internet to roll out across Nunavut

Northwestel’s upgraded satellite internet to roll out across Nunavut
IQALUIT, Nunavut — BCE Inc’s Northwestel says it will begin providing a faster satellite-based internet service for homes throughout Nunavut, starting with the territorial capital of Iqaluit on Oct. 1. Upgraded broadband service to the territory’s 24 other communities will become available over the coming months, starting with Cambridge Bay, Arviat and Rankin Inlet. The service upgrade is enabled by the launch of... Read More

Cineplex signs VR deal to bring between 30 and 40 installations to Canada

Cineplex signs VR deal to bring between 30 and 40 installations to Canada
TORONTO — Cineplex Inc. is partnering with technology company VRstudios Inc. to bring between 30 and 40 virtual reality installations to Canada. The theatre giant says the partnership includes an investment by Cineplex to acquire a significant ownership interest in VRstudios, but did not disclose the financial terms of the deal. Cineplex says the partnership will open up opportunities for... Read More

DHX Media bleak preview of Q4 financial report, including projected losses

DHX Media bleak preview of Q4 financial report, including projected losses
HALIFAX — Shares in DHX Media Ltd. plunged more than 20 per cent after the entertainment company provided a weaker-than-expected preview of its fourth-quarter results. The Halifax-based company’s stock was down 22 per cent or 38 cents at $1.31 after about half an hour of trading. The drop came as it said it expected its fourth-quarter revenue to total $99 million and anticipated losses... Read More

Walmart launches 1-hour grocery delivery in GTA with Instacart partnership

Walmart launches 1-hour grocery delivery in GTA with Instacart partnership
MISSISSAUGA, Ont. — Walmart Canada says it is starting to roll out one-hour grocery delivery today for customers in parts of the Greater Toronto Area. The discount grocer says it’s partnered with Instacart, a California-based company, to provide the service. Shoppers use the Instacart website or app to place their order, which is then picked out and delivered by Instacart... Read More

Uber to open engineering hub in Toronto and expand self-driving centre

Uber to open engineering hub in Toronto and expand self-driving centre
TORONTO — Uber Technologies Inc. is opening a new engineering hub in Toronto and expanding its existing self-driving vehicle centre in the city. The San Francisco-based tech giant’s chief executive officer Dara Khosrowshahi says the hub and expansion will help the company build and update its infrastructure so it can continue to scale and offer more features and products to... Read More