business
Air Canada halts, delays several flight routes to U.S. destinations amid high fuel costs
Air Canada is once again scaling back flights to the U.S. amid high jet fuel costs and lower demand for trips south of the border. Air Canada, WestJet and Air Transat all made cuts to their summer flight capacity to the U.S. earlier this year as the Iran war sent jet fuel prices soaring. Source […]
Rogers buying remaining stake in MLSE for $4.35B
Rogers Communications Inc. says it has signed a deal to buy the remaining 25 per cent stake in Maple Leaf Sports & Entertainment it does not already own from Kilmer Sports Inc. for $4.35 billion. Source link
Think you can win on prediction markets? Here's why you're more likely to lose
Prediction markets, based on the idea that anybody can profit from predicting the outcome of an event, are about to make their way to Canada. But research suggests only a fraction of sophisticated users reap the benefits due to their extensive knowledge of finance, economics and computer skills that average users can’t compete with. Source […]
Alberta’s pipeline pitch is heavy on public, light on private investment — so who benefits?
Energy experts and economists say Alberta’s public-private pitch may be the only way to get a pipelines done in today’s context, but if there are benefits, they could go beyond just the oil and gas industry. Source link
Canada wants to build up to 10 new nuclear plants. Will our pension funds pay for them?
Canada’s ambitious new nuclear strategy has called for private investment to help expand the industry. Given that nuclear power plants are notoriously expensive to build, the government will have to heavily de-risk the ventures to attract large investors, like pension funds. Source link
Canada Post stopping parcel delivery to some EU countries because of new duty
Canada Post says it is suspending service to some European Union countries over new customs rules for low-value shipments, saying it’s not accepting parcels destined for a dozen countries until further notice. Source link
Sony to end releasing PlayStation games on disc, earning ire from gamers despite market shift to digital
Sony will stop producing discs for physical copies of all new PlayStation video games starting in 2028, the company announced Wednesday, citing customers’ growing preference to buy and download their games online. Source link
Green light for Greenlight: Pembina, partners go ahead with gas plant for data centre
Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer. The 932-megawatt plant would be built in Sturgeon County, part of Alberta’s Industrial Heartland region north of Edmonton. Source link
Shipping costs soar as retailers try to secure orders ahead of fresh tariffs
Retailers are rushing to import products ahead of possible new tariffs expected to land at the end of July. That’s pushing the cost to move products by boat way up — and industry experts say consumers will bear the brunt of that extra cost. Source link