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Rogers, Shaw finalize deal to sell Freedom Mobile in hopes of securing
Rogers Communications Inc. and Shaw Communications Inc. have finalized an agreement to sell Freedom Mobile to Videotron, a unit of Quebecor Inc., the companies said on Friday, paving the way for a potential merger of Canada's biggest…
Nearly 9 million Canadians have uncashed cheques from the CRA — worth $1.4B
Canada's tax agency says nearly 9 million Canadians are owed some sort of government cash, and it's going to send out reminders starting this month to tens of thousands of people to let them know.The Canada Revenue Agency said Monday…
Japan’s exports grew for 17th consecutive month in July
Japan’s exports rose for the 17th month in a row in July, driven by strong demand for autos and mineral fuels, Ministry of Finance data showed Wednesday. Exports rose 19% in July from a year earlier, which was slightly…
German Manufacturing Orders Fell in June
By Maria Martinez German manufacturing orders declined in June, amid rising producer prices and supply constraints. Manufacturing orders fell 0.4% on month in adjusted terms, according to data from the German statistics…
Canada Pension Plan lost $16B last quarter, a decline of more than 4%
Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.CPPIB ended the quarter with net assets of $523 billion, compared to…
Elon Musk confirms reallocating thousands of Nvidia AI chips from Tesla
Tesla Inc. Chief Executive Elon Musk confirmed Tuesday that he diverted thousands of Nvidia Corp. chips from the EV maker.
Read More: Elon Musk confirms reallocating thousands of Nvidia AI chips from Tesla
Canadian online furniture company Article laying off 216 people — 17% of
Vancouver-based furniture chain Article is laying off about one sixth of its workforce, as booming demand for its service during the pandemic is starting to slow.CEO and founder Aamir Baig informed staff of the news on Friday. In total,…
Oil price dips below $90 for first time since Ukraine invasion
The price of a barrel of oil fell to its lowest level since February on Thursday, as investors respond to growing fears that a looming recession will drastically reduce demand for energy.A barrel of West Texas Intermediate was changing…
California DMV: Tesla falsely advertising Autopilot, Full Self-Driving
The California Department of Motor Vehicles is accusing Tesla Inc. of falsely advertising the capabilities of its self-driving technology. Two complaints filed July 28 show that the DMV is seeking changes in the…
Home sales declined by 5.3 per cent in July, back to pre-COVID levels
Canada's housing market continued to cool in July, with the average home price clocking in at $629,971 — a figure that drops by another $104,000 when excluding the Greater Toronto Area and Vancouver markets — as compared to June's…