Business Buzz


Decision aids Shaw-Rogers deal
The Canadian Press - Jan 24, 2023 - Business Buzz

OTTAWA — The Federal Court of Appeal has dismissed the Competition Bureau’s effort to overturn a key approval of Rogers Communications Inc.’s takeover of Shaw Communications Inc. Court of Appeal Justice David Stratas said Tuesday the arguments by the bureau don’t meet the threshold of a palpable and overriding error going to the core of […]

Governments target Google
The Canadian Press - Jan 24, 2023 - Business Buzz

WASHINGTON — The Justice Department and eight states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition as well as consumers and advertisers, including the U.S. government. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use […]

New year rally not done yet
The Canadian Press - Jan 23, 2023 - Business Buzz

TORONTO — Canada’s main stock index posted a modest gain Monday, while U.S. stock markets saw bigger growth, continuing Friday’s rally amid strength in the technology sector. The S&P/TSX composite index was up 128.37 points at 20,631.58. In New York, the Dow Jones industrial average was up 254.07 points at 33,629.56. The S&P 500 index […]

To tip or not to tip?
The Canadian Press - Jan 23, 2023 - Business Buzz

Across the continent, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup […]

Solid Friday on Bay Street
The Canadian Press - Jan 20, 2023 - Business Buzz

TORONTO — Canada’s main stock index was up more than 150 points Friday on broad-based gains, while U.S. markets also rose with an end-of-week rally driven by significant strength in the tech sector. The S&P/TSX composite index was up 161.77 points at 20,503.21. In New York, the Dow Jones industrial average was up 330.93 points […]

Canada dives into space business
The Canadian Press - Jan 20, 2023 - Business Buzz

LONGUEUIL, Que. — Ottawa is hoping to capitalize on the country’s vast geography and space expertise to lure in companies that want to launch commercial space flights from Canadian soil. Transport Minister Omar Alghabra announced Friday that the federal government will develop the regulatory requirements, safety standards and licensing conditions necessary to authorize commercial satellite […]

Bosses support four-day week
The Canadian Press - Jan 19, 2023 - Business Buzz

TORONTO — New research suggests a four-day week may be gaining mainstream momentum in corporate Canada as workplaces continue to fine tune post-pandemic schedules and working conditions. A survey by recruitment firm Robert Half found 91% of senior managers polled say they support a four-day work week for their team. It found the majority of […]

Oil drags index down
The Canadian Press - Jan 18, 2023 - Business Buzz

TORONTO — Canada’s main stock index edged downward Wednesday as the price of oil receded off a strong morning, while U.S. markets slid by a wider margin. The S&P/TSX composite index was down 81.23 points at 20,376.23. In New York, the Dow Jones industrial average was down 613.89 points at 33,296.96. The S&P 500 index […]

Elon Musk: hero or villain?
The Canadian Press - Jan 18, 2023 - Business Buzz

SAN FRANCISCO — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened. Lawyers on opposing sides drew the starkly different portraits of Musk for a nine-person jury […]

Predictability brings reassurance
The Canadian Press - Jan 17, 2023 - Business Buzz

TORONTO — Strength in the energy, utility and industrial sectors helped Canada’s main stock post a small gain Tuesday despite weakness in metals, while U.S. markets were mixed. The S&P/TSX composite index was up 67.13 points at 20,457.46. The TSX energy index gained 1.37%, while battery metals were down 2.51%. In New York, the Dow […]