Canada

05 Apr May startup of Trans Mountain pipeline expansion surprises analysts

Posted at 19:32h in Canada

Trans Mountain's announcement that its expanded oil pipeline would start commercial operations on May 1 has surprised analysts with an earlier-than-expected commencement on the long-delayed $34 billion project.The federal government-owned company set the date late on Wednesday, having previously said startup would happen in the second quarter.Canada is...

05 Apr Lengthier job hunts for recent graduates could be major factor in unemployment rate

Posted at 14:52h in Canada

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment.Nareshan, who lives in Ottawa, has applied for dozens of positions since May — mostly in software engineering and optics. While he's made it through multiple rounds of...

05 Apr Canada’s job numbers almost unchanged in March, while unemployment rose to 6.1%

Posted at 12:40h in Canada

The Canadian economy lost 2,200 jobs in March while the unemployment rate rose to 6.1 per cent, as more people looked for work and job growth ground to a halt, Statistics Canada said Friday.That's up from 5.8 per cent in February and marks the largest increase in...

05 Apr Quebec multinational GardaWorld hit by $30M heist at southern California storage facility

Posted at 12:23h in Canada

Thieves got away with $30 million US in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now, detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on...

04 Apr If you’re still sharing a Disney+ password, a crackdown is coming soon

Posted at 16:09h in Canada

Disney's streaming service will start cracking down on password-sharing in June, chief executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business.Iger also said there was a need for some consolidation in the streaming industry...

04 Apr Ford delays start of EV production at Oakville plant until 2027

Posted at 13:51h in Canada

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years.The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027.Ford announced...

04 Apr Delete history: Pornhub changed the world, but its empire faces a reckoning

Posted at 08:00h in Canada

Pornhub completely disrupted the adult entertainment industry, and its influence on culture and our collective experiences of sexual expression online is undeniable.But Pornhub, which bills itself as the world's leading free porn site, is now attempting to adapt to the times itself. It's facing a...

04 Apr What Tesla’s troubles tell us about the EV industry

Posted at 08:00h in Canada

Tesla's disastrous earnings report this week has sparked a sell-off of the world's largest electric vehicle manufacturer and widespread skepticism about the state of the EV industry as a whole."This is a fork in the road, not just for Tesla, but for the entire industry,"...

03 Apr Lightspeed Commerce cutting 280 jobs, as it aims for profitable growth

Posted at 18:05h in Canada

Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company.After integrating the company's many acquisitions, "Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front...

03 Apr Indigo agrees to go private after sale to holding company owned by chief executive’s spouse

Posted at 13:45h in Canada

Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder.The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in...