Author Archives: Tampala Trading

Facebook slammed for breaching Canadian privacy laws — and then refusing to fix it

Facebook slammed for breaching Canadian privacy laws — and then refusing to fix it

Privacy watchdogs are accusing Facebook Inc. of “serious contraventions” of Canadian law in the Cambridge Analytica scandal. In a joint report released Thursday, the Privacy Commissioner of Canada and the Privacy Commissioner of British Columbia said the Menlo Park, California-based technology giant didn’t obtain proper consent from users to disclose their personal data, didn’t have…

If you disagree with the CRA’s assessment of your tax return, make sure you file a notice of objection

If you disagree with the CRA’s assessment of your tax return, make sure you file a notice of objection

By now, most of us have likely filed our 2018 tax return. Tax filing data released by the Canada Revenue Agency on Monday shows that as of this week, the CRA has received just over 18.4 million of the estimated 30 million personal tax returns it expects to receive during the 2019 tax filing season.…

The cashless revolution is fizzling out, as trendy salad chain Sweetgreen and Amazon backtrack following backlash and regulation

The cashless revolution is fizzling out, as trendy salad chain Sweetgreen and Amazon backtrack following backlash and regulation

Sweetgreen, a trendy salad chain that helped kick off the cashless revolution, is backtracking. On Thursday, Sweetgreen announced it plans to accept cash in all locations across the US by the end of 2019. The change comes three years after Sweetgreen announced it would only accept payment via app or card. Going cashless “started with…

I used credit card points to score a $20,000 seat on ANA to Japan. Here’s what life is like in first class, from fresh sashimi to $300 Champagne

I used credit card points to score a $20,000 seat on ANA to Japan. Here’s what life is like in first class, from fresh sashimi to $300 Champagne

When it comes to flying in a premium cabin, business class is usually more than enough — a lie-flat seat, plus a great degree of privacy than in coach, can help you land well-rested and ready to stave off jet lag. First class, though, is just fun. It’s a blast to drink champagne and eat…

Posthaste: Bombardier warning, big tech triumphs … and uh-oh, $100 oil

Posthaste: Bombardier warning, big tech triumphs … and uh-oh, $100 oil

Good morning! Bombardier is the big news this morning as the plane and train maker slashed its full-year revenue outlook by US$1 billion dollars and warned on profit. Tesla is another stock to watch after the electric-car maker released earnings that were as ugly as the market had expected — a US$700 million loss in…

Bombardier cuts financial outlook, full-year revenue down by $1 billion

Bombardier cuts financial outlook, full-year revenue down by $1 billion

Canada’s Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars. The forecast cut comes as the plane-and-train maker nears the end of a five-year turnaround plan after a round of heavy investment in plane production drove the company…

A male Microsoft programmer who came from the military, not a university, describes how his career got tanked by the ‘brilliant jerks’ culture

A male Microsoft programmer who came from the military, not a university, describes how his career got tanked by the ‘brilliant jerks’ culture

Microsoft is currently embroiled in a controversy over its treatment of female employees that has risen all the way to the attention of Microsoft CEO Satya Nadella. It’s the latest outbreak in a long festering problem within tech that’s rocked established organizations from Google to VC firm Kleiner Perkins Caufield & Byers. This dysfunction has…

Slack could publicly file its S-1 this week in a major step toward an IPO

Slack could publicly file its S-1 this week in a major step toward an IPO

Workplace chat app Slack is expected to publicly file the S-1 paperwork for its long-awaited IPO as soon as Friday, Business Insider has confirmed. The timing of Slack’s S-1 was first reported by the Wall Street Journal. The timing puts the company on track to go public in May or June. Slack, which was last…

Stephen Poloz inverts Canada’s yield curve by removing rate-hike bias

Stephen Poloz inverts Canada’s yield curve by removing rate-hike bias

Stephen Poloz has inverted Canada’s yield curve. The central bank’s decision to remove a bias to higher interest rates pushed longer-term government bond yields lower, dropping them below short-term debt. The 3-month government bill yields about 1.68 per cent, compared with 1.67 per cent for the 10-year note, according to data compiled by Bloomberg. An…

Dramatic dilution at Prometic Life Sciences draws ire of shareholders

Dramatic dilution at Prometic Life Sciences draws ire of shareholders

Some shareholders of a Quebec-based biotechnology company are objecting to a dilutive restructuring that wipes out most of their equity in Prometic Life Sciences Inc., a transaction they didn’t get to vote on because the Toronto Stock Exchange granted the company’s application to go ahead without a shareholder vote due to “financial hardship.” “We’re being…