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Ready for liftoff: Why Canada's telecom sector sees opportunity in satellite internet

TORONTO — When a severe tropical cyclone hit New Zealand in February 2023, it left thousands on the country's North Island without internet or cellphone service for nearly a week, as major roads carrying vital fibre optic cables were washed out.

Canfor reports net loss of $350 million as lumber market headwinds continue

VANCOUVER — Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market.

At least 75 people are sickened as the deadly McDonald's E. coli outbreak expands

A deadly outbreak of E. coli poisoning in the United States tied to McDonald's Quarter Pounders has expanded, with at least 75 people sick in 13 states, federal health officials said Friday.

Efforts to add Maple Leaf Foods to bread-price fixing class action denied

TORONTO — An Ontario Superior Court judge has dismissed an attempt to add Maple Leaf Foods to a class-action lawsuit related to the bread-price fixing scandal.

CRTC sets interim rates for wholesale fibre internet access

GATINEAU, Que. — The CRTC has set interim rates for what smaller internet providers will have to pay to use the established fibre networks of their larger rivals.

New regulations allow Canada Post to ship prohibited firearms returned in gun buyback

OTTAWA — The federal government is giving Canada Post the ability to store and transport prohibited firearms in new regulations that bring the retail gun buyback program one step closer to beginning.

'Shock-prone world' highlights need for productivity: Bank of Canada governor

OTTAWA — Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create more risks to inflation, but the central bank is in a better place to deal with them now that inflation is under control.

Trudeau announces massive drop in immigration targets as Liberals make major pivot

OTTAWA — The federal government slashed immigration targets to levels that will flatten population growth as Prime Minister Justin Trudeau admitted Thursday the government did not get the balance right after the COVID-19 pandemic.

Used car market expecting supply crunch as fewer off-lease cars return

Already low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to dealership lots — and that’s contributing to higher prices.
A look at what people are saying about the Bank of Canada's rate decision

A look at what people are saying about the Bank of Canada's rate decision

"This won't be the end of rate cuts. Even with the succession of policy cuts since June, rates are still way too high given the state of the economy."
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