Facebook has asked a court to dismiss state and federal antitrust lawsuits that accuse it of abusing its market power in social networking to crush smaller competitors. The social media giant said Wednesday that the complaints “do not credibly claim” that its conduct harmed either consumers or market competition. The antitrust suits, filed in December […]
Tag Archives: Canada
Esther Montanez’s housecleaning job at the Hilton Back Bay in Boston was a lifeline for her, a 31-year-old single mother with a 5-year-old son. The pay was steady and solid — enough to pay her bills and still have money left over to sock away for a savings account for her child. Montanez liked […]
The Canada Energy Regulator is inviting public comment on a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers, with the comment period extending beyond the requested deadline. Source link
The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trendsetting rate. The key policy rate has been at 0.25 per cent almost exactly one year after the central bank cut rates three times last March at the onset of the COVID-19 pandemic, […]
OTTAWA — The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trendsetting rate. The key policy rate has been at 0.25 per cent almost exactly one year after the central bank cut rates three times last March at the onset of the COVID-19 […]
BEIJING — Asian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies. Shanghai, Tokyo and Hong Kong advanced. South Korea retreated. Wall Street’s benchmark S&P 500 index closed up 1.4%, led by gains for Apple, Amazon and other tech majors. The Nasdaq composite index, dominated by tech shares, surged […]
The Organization for Economic Co-operation and Development says Canada could benefit from a faster economic rebound in the United States this year. The OECD’s new forecast says the world economy is bouncing back from the COVID-19 pandemic crisis faster than expected, thanks in part to successful coronavirus vaccines and U.S. stimulus efforts, but the improvements […]
SMITHS FALLS, ONT. — Canopy Growth Corp. says it is laying off 75 staff in North America following a global strategic review. A spokesman for the cannabis firm based in Smiths Falls, Ont., said most of the people affected work at Canopy’s headquarters. The spokesman said in an email Tuesday that employees at its Denmark […]
TORONTO — BuzzFeed is closing HuffPost Canada’s operations and laying off 23 workers as part of a broad restructuring plan for the company, the U.S. digital media company said Tuesday. The decision follows the recent completion of BuzzFeed’s deal to buy HuffPost from wireless giant Verizon. BuzzFeed says in a statement it is also laying […]
TORONTO — Royal Bank of Canada chief executive David McKay said Tuesday he foresees inflationary pressure building in the economy as it rebounds from the COVID-19 pandemic. With rising input prices for labour and commodities, it could create a challenge for central bankers, McKay said in a webcast speech at the RBC Capital Markets Financial […]