$1.3B medical marijuana free market coming to Canada

Medical marijuana by the numbers Current number of users approved by Health Canada: 37,359. Number of patients with personal licences to grow marijuana for themselves: 25,600. Number of growers licensed to produce marijuana for a maximum of two...

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U.S. government shutdown: What to expect if it happens

The U.S. government could close its doors Tuesday if Congress can't reach a deal on a temporary spending budget bill, and that would jeopardize the paycheques of more than 800,000 Americans, as well as the country's economic recovery. It's political...

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GDP recovers from June decline, rising 0.6% in July

Canada's real gross domestic product showed a strong rebound in July, rising 0.6 per cent after a 0.5 per cent decline in June, Statistics Canada reported Monday. Production of goods rose 1.2 per cent, with construction,...

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SNC-Lavalin to sell AltaLink

SNC-Lavalin has put up a "For Sale" sign on AltaLink, which owns more than half of Alberta's electricity transmission grid and is a wholly owned subsidiary of the Montreal-based company. The company provided few specific details of its plan...

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Ikea to sell residential solar panels in Britain

Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide. The company started selling solar panels made by China's...

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U.S. debt showdown: 7 questions answered

You've heard this song before: The brinkmanship on Capitol Hill has been ratcheting higher as Washington's fiscal deadlines loom, with the worst-case scenario a severe recession in Canada's biggest trading partner. Here's what you need to know about...

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What's in rail tankers and why can't we know?

Nearly three months after the  Lac-Mégantic disaster, rail safety remains at the top of the national agenda with a meeting of federal and provincial transport ministers this week focusing on the question of what is in tanker cars and why provinces...

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Saskatoon, Regina expected to lead growth, Conference Board says

Saskatoon is expected to lead the country in growth this year, the Conference Board of Canada says. Cities in Western Canada are expected to lead the country's metropolitan areas in economic growth this year, a report by the Conference Board of Canada...

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Rogers strikes roaming agreement with AT&T for U.S.

Rogers has announced an LTE roaming agreement with U.S. carrier AT&T for its mobile phone customers. The news comes the same day as the CRTC's deadline for telecom companies to submit their roaming fee rates for customers who travel to the U.S....

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Oil companies seek to drill in deep Beaufort Sea

Imperial Oil Canada, Exxon Mobil and BP have jointly filed an application to drill at least one well in the Beaufort Sea 125 kilometres northwest of Tuktoyaktuk, N.W.T. The project description Imperial Oil has submitted says they are planning to drill...

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U.S. debt showdown: 7 questions answered

You've heard this song before: The brinkmanship on Capitol Hill has been ratcheting higher as Washington's fiscal deadlines loom, with the worst-case scenario a severe recession in Canada's biggest trading partner. Here's what you need to know about...

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What's in rail tankers and why can't we know?

Nearly three months after the  Lac-Mégantic disaster, rail safety remains at the top of the national agenda with a meeting of federal and provincial transport ministers this week focusing on the question of what is in tanker cars and why provinces...

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Saskatoon, Regina expected to lead growth, Conference Board says

Saskatoon is expected to lead the country in growth this year, the Conference Board of Canada says. Cities in Western Canada are expected to lead the country's metropolitan areas in economic growth this year, a report by the Conference Board of Canada...

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FAA to consider easing limits on in-flight electronic devices

With the blessing of an influential advisory panel, federal regulators are closer to letting airline passengers use their smartphones, tablets, e-readers and other electronic gadgets during takeoffs and landings. The 28-member FAA advisory committee...

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Rogers strikes roaming agreement with AT&T for U.S.

Rogers has announced an LTE roaming agreement with U.S. carrier AT&T for its mobile phone customers. The news comes the same day as the CRTC's deadline for telecom companies to submit their roaming fee rates for customers who travel to the U.S....

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Tokyo Electric Power Co. wants to restart 2 nuclear reactors

Tokyo Electric Power Co. requested on Friday that safety inspections be carried out to allow it to restart two nuclear reactors, despite concerns over how it has handled the catastrophe at the Fukushima plant. All of Japan's 50 nuclear reactors are...

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How do you make car companies innovate? Regulate them

It's a given of modern free market analysis: The best help a government can offer business is to keep its hands off. Minimal regulation, low interest rates, low taxes are the only exceptions. Maybe occasional transfers of your money into the hands of...

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BlackBerry loses $965M in 2nd quarter

Smartphone maker BlackBerry lost $965 million US in its second quarter on its continuing operations and had revenues of $1.6 billion US, both in line with its earlier warnings to investors. Revenues were down 45 per cent from the same period last year,...

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Toyota Canada recalls 56,000 Sienna minivans

Toyota Canada said Friday that it is voluntarily recalling  56,211 Sienna minivans from model years 2004-2005 and 2007-2009 because the gear shift lever could slip and be moved out of the park position without depressing the...

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U.S. consumer spending ticks up as incomes rise

 U.S. consumers increased their spending slightly last month as their income grew at the fastest pace in six months. The figures point to only modest economic growth in the July-September quarter. Consumers' spending on goods and services rose...

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Revenue Canada corruption feared over $400K cheque to Nicolo Rizzuto

The Canada Revenue Agency issued a rebate cheque for nearly $400,000 to a top Quebec Mafia figure even though he owed the tax department $1.5 million at the time, heightening concerns of possible infiltration of the agency by organized crime. Details...

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BlackBerry cancels quarterly results conference call

BlackBerry has decided to cancel a conference call and webcast that had been scheduled for Friday after the release of its second-quarter financial results, which the company has already telegraphed will be dismal. The announcement by the struggling...

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Rogers, Sprint to offer wireless system in vehicles

Rogers Communications Inc.and U.S. wireless carrier Sprint Corp. say they will offer Canadians a high-speed internet access in their vehicles through a new service announced today. The cost of the project, pricing for the services and dates for the...

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Statoil's newly discovered N.L. oilfield among the biggest in years

A Norwegian energy firm is estimating that an untapped oilfield off Canada's east coast contains between 300 and 600 million barrels of recoverable oil, making it one of the biggest discoveries in recent years. "We believe this has the potential to...

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H&M's profit up 22% on strong sales at new stores

Fashion retailer Hennes & Mauritz AB says its third-quarter profit swelled by nearly a quarter thanks to strong sales, particularly in China and Japan, and the popularity of its summer collections. The Swedish company said Thursday that its net...

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As wireless spectrum battle heats up, Ottawa takes the first swipe: Don Pittis

There is a jousting match going on in the Canadian cellphone market and Canadians must choose their champion. At one end of the field of battle, the phone companies — Bell, Telus and Rogers — raise their banners to defend Canadian jobs and Canadian...

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BlackBerry takeover offer buys company time

A takeover is necessary to give battered BlackBerry the time it needs to get itself back in order, company watchers say. On Monday, BlackBerry said a consortium led by Fairfax Financial Holdings Ltd. had signed a letter of intent to buy...

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Fingerprint scanning a balance of security and convenience: Dan Misener

Bruce Schneier nailed it. Before Apple announced the iPhone 5S and TouchID, its fingerprint authentication feature, Schneier predicted that such a system could be easily fooled. "Almost certainly," he wrote in a Wired opinion piece, "I'm sure that...

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Sears Canada replaces CEO with chief operating officer

Sears Canada has named a former management consultant and U.S. Marine as its new president and chief executive, replacing the man who has been leading a multi-year project to revive the national retailer. Calvin McDonald will be replaced as president...

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