Canada

10 Jan Bitcoin exchange-traded funds get approval from U.S. SEC

Posted at 22:14h in Canada

After a head-spinning and bizarre chain of events, U.S. financial regulators have formally approved new bitcoin exchange-traded funds. The move is being heralded as a landmark moment in the history of cryptocurrency and its acceptance into mainstream financial markets.In its approval announced on Wednesday, the Securities...

10 Jan Federal health minister says he won’t allow Florida to ‘pillage’ the drug supply

Posted at 19:18h in Canada

Health Minister Mark Holland says Florida's plan to import cheaper Canadian pharmaceuticals is a non-starter and the federal government will use its regulatory power to ensure the national drug supply does not face any shortages due to actions by a foreign state."There is no way we will...

10 Jan Hundreds of workers lose jobs at Amazon Prime Video, MGM Studios and Twitch

Posted at 16:53h in Canada

Online shopping giant Amazon is eliminating hundreds of positions across its video production and distribution divisions, as the company announced layoffs at Amazon Prime Video, its MGM Studios division and livestreaming subsidiary Twitch.The latest cuts come as the company has eliminated more than 27,000 jobs over the...

10 Jan Who benefits most from Canada’s ambitious EV targets? Maybe China

Posted at 09:00h in Canada

Flavio Volpe, head of the Automotive Parts Manufacturers' Association, believes the recent electric vehicle targets set out by Canada's environment minister also carried this pointed message to Canada's domestic auto industry: "Let them eat cake."Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100...

10 Jan U.S. SEC has not approved bitcoin ETFs, says social media account was compromised

Posted at 02:01h in Canada

The U.S. Securities and Exchange Commission (SEC) said Tuesday afternoon that a social media post saying it had approved a spot bitcoin exchange-traded fund (ETF) was false and its account had been compromised. A post on X, formerly known as Twitter, said that the SEC had granted approval for...

09 Jan Trans Mountain to present pipeline variance arguments at hearing with regulator

Posted at 19:14h in Canada

The Canada Energy Regulator will hear arguments Friday from the company building the Trans Mountain pipeline expansion on its request for a pipeline variance.The Trans Mountain pipeline is Canada's only oil pipeline to the west coast, and its expansion will boost the pipeline's capacity to...

09 Jan IN PHOTOS | Latest and neatest tech at CES 2024

Posted at 16:31h in Canada

WorldCES, the Consumer Technology Association's annual show of all things tech, is underway in Las Vegas. See the industry's latest advances and gadgets across personal tech, transportation, health care and more — with burgeoning uses of AI. Industry's biggest tech show goes until Friday...

09 Jan Big Canadian banks may be making misleading claims on sustainability, says securities complaint

Posted at 15:19h in Canada

Canada's big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.Banks are using the term "sustainable finance" too broadly and not backing up the claims with data, Investors...

09 Jan U.S. aviation agency probing whether bolts were missing in Alaska Airlines door panel blowout

Posted at 11:16h in Canada

Federal investigators in the U.S. say a door panel slid up before flying off an Alaska Airlines jetliner last week, and they are looking at whether four bolts that were supposed to help hold the panel in place might have been missing when the plane...

09 Jan Oil prices projected to stay at low levels in 2024, report says

Posted at 11:00h in Canada

A new report forecasting energy trends estimates global oil prices will be stuck at low levels for the next couple of years. The analysis from Deloitte released Tuesday predicts an average West Texas Intermediate (WTI) price — typically regarded as the benchmark for crude oil —...