Business

The Bank of Canada has held its key interest rate at five per cent again, as economists had expected. The Bank of Canada has held its key interest rate at five per cent again, as economists had expected. ABOUT THE AUTHOR Jenna Benchetrit Journalist Jenna Benchetrit is a senior writer …

The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure.  Canada Infrastructure Bank signs $100M agreement with First Nations Bank of Canada. Today, the Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada …

Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe on Tuesday, according to outage tracking website Downdetector.com.  Disruptions started at about 10 a.m. ET. Meta Platforms said it resolved issues with Facebook and Instagram on Tuesday afternoon following a global outage that hit …

Canada’s financial intelligence agency says it has been hit by a cyberattack.  Agency takes corporate systems offline to protect data. Canada’s financial intelligence agency says it has been hit by a cyberattack. The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) says it has taken its corporate systems offline …

Consumers in Ontario and B.C. increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. Financially stressed homeowners in those provinces are also increasingly missing credit payments, the agency said, a trend primarily driven by homeowners who are 36 and younger.  Rates rising …

A B.C. Supreme Court judge has approved a proposed maximum $14.4 million settlement from Apple to eligible members of a class-action lawsuit that accused the company of deliberately providing software updates that slowed its iPhone 6 and 7 models.  Tech giant accused of throttling iPhones with software updates that slow …

The European Union levelled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion US for breaking the bloc’s competition laws by unfairly favouring its own music streaming service over rivals.  Apple to appeal, saying commission didn’t uncover evidence of harm to consumers. The …

The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents.  Canadian branch announced Friday it will close 33 of 105 stores, end online shopping. The …

SP New Energy Corp. (SPNEC) is wooing more investors in Terra Solar Philippines Inc., the corporate vehicle of the “world’s largest solar project.”  Terra Solar is a wholly-owned subsidiary of SPNEC that is developing a solar farm in Nueva Ecija and Bulacan with 3,500 megawatts of solar panels and 4,000 …

A crane stacks shipping containers of Philippine products for export at the international container port in Manila on Sept. 11, 2012. (AFP / Jay Directo)  MELBOURNE, Australia — The Philippines hopes to launch formal free trade agreement negotiations with the European Union “very soon”, Foreign Affairs Secretary Enrique Manalo told …