Monthly Archive: April 2018

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Cryptocurrencies aren’t financial state risk, but likely to be regulated: Carney

TORONTO — Bank of England governor Mark Carney says cryptocurrencies aren’t a risk to the financial state, but he thinks they will be subject to some form of regulation. The former Bank of Canada governor and so-called rockstar of finance says cryptocurrencies pose a challenge for market integrity because “a huge amount” of illicit activity […]

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‘Almost too good’: Shaw reports breakthrough wireless gains

Freedom Mobile added 93,500 wireless subscribers in the three months ended Feb. 28, doubling analysts’ estimates of 45,000 new customers and nearly tripling the volume it added in the same period last year

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Zuckerberg flubs details of Facebook privacy commitments

MENLO PARK, Calif. — Over two days of questioning in Congress, Facebook CEO Mark Zuckerberg chief revealed that he didn’t know key details of a 2011 consent decree with the Federal Trade Commission that requires Facebook to protect user privacy. With congressional hearings over and no immediate momentum behind calls for regulation, the biggest hammer […]

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Trump flips on trade pact, weighs rejoining Pacific-Rim deal

WASHINGTON — In a striking reversal, President Donald Trump has asked trade officials to explore the possibility of the United States rejoining the Trans-Pacific Partnership agreement, a free trade deal he pulled out of during his first days in office as part of his “America first” agenda. Trump’s request comes as he faces pressure from […]

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Alberta premier ready to talk but wants action at Trans Mountain meeting

EDMONTON — Alberta Premier Rachel Notley says she will attend a meeting about the Trans Mountain pipeline in good faith and with an open mind, but the bottom line is the expansion project must get built without delay. Notley also says she will bring in legislation next week that would allow her to curtail oil […]

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Doug Ford’s decision to fire Hydro One CEO would cost at least $10.7 million

TORONTO — If elected premier of Ontario in the spring election, Doug Ford says his first act will be to fire the CEO of Hydro One and its board of directors, whom he blames for the rising electricity costs in the province. The decision, however, would not come cheap. Hydro One CEO Mayo Schmidt, who […]

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Unite chalks up 18th victory over Unifor in battle for 24 Toronto-area hotels

TORONTO — A union local that represents nearly 8,000 hospitality workers in the Greater Toronto Area says it continues to represent employees of Four Points by Sheraton after they voted against joining Unifor. Unite Here Local 75 announced the victory Thursday after a sealed ballot count by the Ontario Labour Relations Board. It’s a setback […]