business
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
As gold surges, some popular Canadian jewelry brands are increasing their prices
Some Canadian jewelry brands are raising their prices as a surge in demand for gold — incited by investors’ fears of a shaky economic outlook — pushes the market for this precious metal to record highs. Source link
Trump signs order hitting truck imports with 25% tariffs
U.S. President Donald Trump signed an executive order today slapping a 25 per cent tariff on imported medium- and heavy-duty trucks beginning Nov. 1, with a carveout for vehicles traded under the Canada-U.S.-Mexico Agreement. Source link
International deal to cut shipping emissions falters under U.S. pressure
The U.S. has succeeded in blocking a global fee on shipping emissions as an international maritime meeting adjourned Friday without adopting regulations. Source link
Global bank stocks waver as investors fear credit risks in U.S. regional banks
Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower for a time before they regained their losses, and reviving memories of the crisis of confidence that shook sentiment just over two years ago. Source link
For most of the world, Taiwan doesn’t officially exist. Its microchips make it hard to ignore
For decades, Taiwan‘s government, tech sector and education system have been working together to become the world leader in making microchips. But the island remains under threat from China, and Taiwanese are asking how their global prominence can help. Source link
U.S. company acquires Calgary-based CoolIT for $6.6B in one of city’s ‘biggest' tech deals ever
CoolIT Systems, a specialist in liquid cooling for AI data centres, is set to be acquired by U.S. company Ecolab for $4.75 billion US, in what’s being called one of the city’s biggest tech deals of all time. As part of the acquisition, the company’s 650 employees will receive substantial cash payouts. Source link
Nestle cutting 16,000 jobs worldwide in effort to reduce costs
Nestle is cutting 16,000 jobs globally as part of efforts to revive its financial performance. Source link