Skip to content

National Business

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a premature cut could stoke another bout of price rises.
Read more >
Surveillance risks posed by AI among the technology's most urgent problems: Hinton

Surveillance risks posed by AI among the technology's most urgent problems: Hinton

TORONTO — Artificial intelligence pioneer Geoffrey Hinton has become synonymous with doomsday-like warnings that predict the technology could pose an existential threat, but on Wednesday, he put the spotlight on another risk he said is even more pres
Read more >
Study finds coal mine contaminants blown onto snowpack in Alberta, British Columbia

Study finds coal mine contaminants blown onto snowpack in Alberta, British Columbia

Cancer-causing chemicals are being blown downwind from coal mines in southern British Columbia in concentrations that rival those next to oilsand mines, newly published research has concluded.
Read more >
Thousands affected after WestJet cancels flights in anticipation of mechanics strike

Thousands affected after WestJet cancels flights in anticipation of mechanics strike

Thousands of WestJet customers are scrambling after the airline cancelled more than 30 flights ahead of a possible strike by its plane mechanics this Thursday.
Read more >
S&P/TSX composite index closes down in broad-based decline

S&P/TSX composite index closes down in broad-based decline

TORONTO — Canada's main stock index closed down Wednesday in a broad-based decline on subdued trading while U.S. markets were closed. The S&P/TSX composite index closed 94.40 points lower at 21,516.90.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,516.90, down 94.40 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 4 cents, or 0.09 per cent, to $47.23 on 9.
Read more >
AI is making it easier to target people with more personalized scams: 1Password CEO

AI is making it easier to target people with more personalized scams: 1Password CEO

TORONTO — The head of one Canadian company fighting to bring safety to the online world says watch out for artificial intelligence because it's making hackers and scammers even better at targeting people.
Read more >
Strain on 5G networks leaving consumers less satisfied over time, researcher says

Strain on 5G networks leaving consumers less satisfied over time, researcher says

TORONTO — Canadian consumers are increasingly expecting more when it comes to the quality of 5G performance and are placing blame on providers when an internet connection is spotty, a researcher says.
Read more >
Cryptocurrency exchange Binance Holdings appealing $6M fine imposed by Fintrac

Cryptocurrency exchange Binance Holdings appealing $6M fine imposed by Fintrac

TORONTO — Binance Holdings Ltd. is appealing a $6-million fine imposed on the company by Fintrac, the federal anti-money laundering agency.
Read more >
BoC considered waiting until July to cut interest rates, summary says

BoC considered waiting until July to cut interest rates, summary says

OTTAWA — The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of deliberations reveals.
Read more >