Canada’s Industry Minister says he will render his decision on Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc. only after there is clarity in the ongoing legal battle. The Saturday statement from Francois-Philippe Champagne comes days after the Competition Tribunal dismissed an application from Canada’s competition watchdog seeking to block the takeover, a […]
Category Archives: Business
Too many factors exist to predict the cost of gas in 2023 | The Star “,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”Oil up, oil down”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”By mid-December, the price of West Texas Intermediate, the benchmark U.S. crude, fell to $74.29 (U.S.) per barrel, after reaching as high as $129.44 in early March. “,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“type”:”ad”,”heading”:”ARTICLE CONTINUES BELOW”,”name”:”ArticleSecondBigBox”,”display”:”medium-down”,”pos”:”2″,”interstitial”:true,”sizes”:[[300,250]]},{“text”:”James T. Williams, a U.S. oilpatch veteran and […]
Bahamian authorities took control of $3.5 billion (all figures U.S.) worth of digital assets at FTX Digital Markets shortly after it filed for Chapter 11 bankruptcy protection based on information provided by founder Sam Bankman-Fried, according to a statement on Dec. 29. The Bahamian Securities Commission seized the digital assets of FTX, valued at more […]
From a breakthrough in nuclear fusion to whatever is going on with Twitter, it has been a headline-grabbing year in the tech sector. But there were also many less-hyped developments that will affect our world in 2023 and beyond. Here are some of the Canadian tech news stories from the past 12 months you may […]
A year ago, crypto analysts, riding high from the successes of 2021, had big hopes for bitcoin, with some of them seeing the token hitting $100,000 (all figures U.S.) or more in 2022. That’s a far reach from where the coin is actually ending that annus horribilis: $16,500. Bitcoin, weighed down by an uber-hawkish Federal […]
OTTAWA – Conservative Leader Pierre Poilievre says his choice for Bank of Canada governor would be someone focused entirely on keeping annual inflation at its two per cent target. The Opposition leader made the comments on Friday as he stood by the promise he made during the Conservative leadership campaign to fire the current central […]
In 10 years of bartending, Alfred Siu, the owner of Project Gigglewater, on Dundas Street West, can’t remember serving more than 10 Sbagliato in a year. “It used to be a bartenders’ drink,” Siu said. A play on the classic Negroni with the gin substituted for Prosecco, it was a niche twist on an already […]
CALGARY – TC Energy Corp. says it has restarted the southern extension of its Keystone pipeline after repairing a Dec. 7 leak that led to the worst oil spill in the pipeline’s history. The Calgary-based company says it will operate the pipeline under plans approved by U.S. regulators, including additional safety measures such as reduced […]
OTTAWA – The Competition Tribunal has dismissed an application from Canada’s competition watchdog seeking to block Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc., clearing a path for the deal to go ahead. It still requires approval from Innovation, Science and Economic Development Canada. In a summary of its decision released Thursday, the […]
A recent poll by CIBC finds that repaying debt is the top financial goal for Canadians in 2023 as they scramble to cope with inflation and fears of recession. The bank’s annual Financial Priorities poll released Wednesday found that 18 per cent of Canadians said repaying debt was their number one goal for the year […]