business
Why this trade insider thinks a steel and aluminum deal is imminent
A deal with the Trump administration for tariff relief on Canadian steel and aluminum exports is likely to happen soon, says a former top Canadian trade negotiator. Source link
Crypto exchange Cryptomus fined record $177M by Canada's financial crime watchdog
A cryptocurrency exchange has been slapped with a fine of almost $177 million — the largest-ever penalty by Canada’s financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity. Source link
OpenAI launches its own web browser in challenge to Google Chrome
OpenAI said Tuesday it is introducing its own web browser, Atlas, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Source link
Canada's annual inflation rate rose to 2.4% in September as grocery prices keep creeping up
Canada’s annual inflation rate rose to 2.4 per cent in September, as grocery prices climbed and gas and travel tour prices fell at a slower pace, Statistics Canada said Tuesday. Source link
Molson Coors cutting 9% of workforce in the Americas as beermaker restructures
Beer maker Molson Coors Beverage Company said on Monday it would cut about 400 jobs, or nine per cent of its salaried workforce in the Americas by year end as part of a corporate restructuring plan. Source link
Business sentiment improves but firms still cautious amid U.S. tariffs, says Bank of Canada
Canadian firms feel conditions are slightly better than earlier in the year but they are unlikely to boost investments or hiring given the dampening effect of U.S. tariffs, a Bank of Canada survey showed on Monday. Source link
Amazon restores cloud services unit AWS after massive outage hits major apps, websites
Amazon’s cloud services unit AWS was recovering on Monday from a widespread outage that knocked out thousands of websites along with some of the world’s most popular apps — including Snapchat and Reddit — and disrupted businesses globally. Source link
Why U.S. investors are eyeing the Canadian oilpatch, even as oil prices dip
There’s growing interest in the Canadian oilpatch coming from south of the border. Experts say the trend is driven in part by a shift in political rhetoric in this country, along with better economics for the Canadian oilpatch compared with the U.S. Source link
Canadian snowbirds fingerprinted and photographed at U.S. border as part of new requirement
Several Canadian snowbirds reported they were fingerprinted and photographed at the U.S. border this month when registering for their winter stay, which U.S. Customs and Border Protection (CBP) told CBC News is standard procedure. Source link
AI-related data centres use vast amounts of water. But gauging how much is a murky business
Canada is poised to join the data centre boom. But as such projects face greater scrutiny around the world, there is little debate here about what this will mean for the country’s water. Source link