Highlights/Economy

Economy

U.S. tobacco giant to invest $2.4B in Canadian cannabis producer

American tobacco giant Altria Group, the maker of Marlboro cigarettes, announced Friday that it will make a $2.4 billion equity investment in the Canadian cannabis producer Cronos Group. Under the initial investment, Altria will acquire a 45 per cent ownership» 

Economy, Internet, Science and Technology, Politics, Society

Not so merry a Christmas for Canadian workers

It should be a joyous time of the year as families prepare for Christmas and the holidays. But for tens of thousands of Canadian workers, that is unlikely to be the case this year. An abrupt announcement of another closure» 

Arts and Entertainment, Economy, Society

CP Holiday Trains on annual national tours

CP’s Holiday Train is travelling across the country as the winter begins to set in. An annual event now in its 20th year, the Holiday Train has raised more than $14.5 million (CDN) and 4.3 million pounds of food for North» 

Economy, International, Internet, Science and Technology, Society

December 6th anniversary and the Gina Cody School of Engineering and Computer Science

December 6th memorial events are taking place across Canada on the day now known as the National Day of Remembrance and Action on Violence Against Women. In Montreal this evening, fourteen beams of light will illuminate the skies above Mount Royal,» 

Economy, Internet, Science and Technology, Politics, Society

Statistics Canada pauses data collection on citizens finances over privacy concerns

Statistics Canada is the federal agency responsible for collecting statistics on all aspects of Canadian life. When it was learned the agency was beginning to collect personal banking information on 500,000 citizens, there was an outcry over invasion of privacy.» 

Economy, International, Internet, Science and Technology

Canada- 5G- security concerns about China

The world is quickly moving towards the new technology of 5G networks. There has been widespread international concern however about China’s activity and eagerness to get involved in ‘western” development of the new networks.   This particularly involves tech giant Huawei» 

Economy

Bank of Canada holds key interest rate steady at 1.75%

The Bank of Canada left its key interest rate unchanged today as it tries to weigh the impact of the slowing global economy and trade wars on the Canadian economy. The central bank is holding its benchmark rate at 1.75» 

Economy, International, Politics

Major North American trade deal signed, what now?

Known colloquially as NAFTA 2.0, the newly renegotiated trade deal involving Canada, the U.S, and Mexico is called either USMCA, or CUSMA, or simply the “new NAFTA” The name is not important however. It has been hailed as a victory» 

Economy, Health, Immigration & Refugees, International, Politics, Society

Cost of migrants crossing “irregularly” into Canada average $14K each

(public comments open at bottom-Comments will be posted after moderating) It is illegal to cross into Canada anywhere other than at an official border point. The Trudeau government however has changed the terminology from illegal crossing to irregular crossing. After» 

Economy, Politics

Alberta orders 8.7% oil production cut

Premier Rachel Notley is ordering Alberta’s oil industry to cut production by 8.7 per cent, saying the measure is needed to end “the economic and fiscal insanity” of selling Albertan crude at steep discounts compared with the North American benchmark.»