Category Archives: Financial News

Financial News

BlackBerry posts smaller quarterly loss

BlackBerry posts smaller quarterly loss

BlackBerry Ltd. shares fell the most in a year after reporting sales from its software and services unit slowed and a recent acquisition contributed less of a boost than some analysts expected. Revenue in the fiscal first quarter was US$247 million, the Waterloo, Ontario-based company said Wednesday, up 16 per cent from a year earlier.…

Why the Liberals might scrap their carbon tax plans (no, really)

Why the Liberals might scrap their carbon tax plans (no, really)

By Aaron Wudrick When future historians retrace the rise and fall of carbon taxes in Canada, they may well conclude that last week was the point at which the policy’s decline became irreversible. That’s because it was the week when the Trudeau Liberals gave up insisting that a carbon tax is the best way to…

The Beyond Meat of fish is coming to a bagel near you

The Beyond Meat of fish is coming to a bagel near you

Salmon has become the guinea pig of the seas when it comes to using technology to supplement falling fish populations. Now it’s moved onto land — and into the lab. The fatty orange fish was the second-most-consumed seafood in the U.S. in 2017, after shrimp, and per capita consumption increased 11 per cent, to 2.41…

Canada Infrastructure Bank gives Via Rail $71 million for work on dedicated track project

Canada Infrastructure Bank gives Via Rail $71 million for work on dedicated track project

OTTAWA — A federal infrastructure agency is providing $71 million to Via Rail to help it in its plan to build dedicated tracks for faster, more frequent service in Ontario and Quebec. The details unveiled Tuesday show that some of the money will fund work to make sure that Via trains can seamlessly move between…

Bombardier to sell regional jet program to Mitsubishi for $550 million in cash

Bombardier to sell regional jet program to Mitsubishi for $550 million in cash

Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for US$550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation. Montreal-based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus…

William Watson: Canada rolls out central planning — but this time, it’s green!

William Watson: Canada rolls out central planning  — but this time, it’s green!

American elites of a leftish bent are currently captivated by the “Green New Deal” — or, as House Speaker and policy gatekeeper, not-so-leftish Nancy Pelosi calls it, “the green dream or whatever,” a characterization that effectively consigned it to the recycling bin. Now Canadian elites, who are all bent left, are glomming on to a…

The top five things you need to know about marriage contracts

The top five things you need to know about marriage contracts

A marriage contract — an agreement that says what will happen in the event that you separate — isn’t romantic. But because marriage has lots of legal implications, discussions about marriage contracts should take precedence over discussions about invitations, the venue and the cake. Family law attorney Laurie Pawlitza breaks down what you need to…

Why the Tories’ new energy plan mostly gets it right

Why the Tories’ new energy plan mostly gets it right

The United States reduced carbon emissions, more than any other nation on earth between 2007 and 2017, thanks in part to the fossil-fuel-based shale revolution, and the fact that natural gas has come to replace coal in the generation of electrical power. In fact, America’s CO2 emission reductions were more than those achieved by Britain,…

Facebook’s Libra, for all of its promise, faces an uphill battle

Facebook’s Libra, for all of its promise, faces an uphill battle

By Alex Tapscott This week, Facebook announced that it will create money for the world to use: Libra, a cryptocurrency that could enable the company’s 2.7 billion users to send money globally as easily as sending a WhatsApp message. The announcement rattled the doors of many powerful institutions, from banks to big tech to governments. Facebook…

How Canada’s internal trade barriers and standards bodies block the innovation economy

How Canada’s internal trade barriers and standards bodies block the innovation economy

Edmonton-based Levven Electronics Ltd. is in the lead group of companies that will make it possible to connect your entire house to the internet. Led by chief executive James Keirstead, a serial entrepreneur who previously made a name for himself building outdoor spas, Levven owns patents on a wireless switch that allows you to control…