Business

The company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed.  Aylo knew proceeds from its websites stemmed from illegal activity, says U.S. Justice Department. The Montreal-based …

Honda Motors is recalling about 4.5 million vehicles worldwide over risks of fuel pump failure, the Japanese automaker said.  Approximately 297,836 vehicles are affected in Canada, according to the company’s website. Honda Motor’s American unit is recalling about 4.5 million vehicles worldwide over risks of fuel pump failure, the Japanese …

The Canadian toy retailer announced earlier this month that it had signed an asset purchase agreement with Unity Acquisitions Inc. A company spokesperson says Mastermind Toys gift cards will not be accepted after Christmas Eve.  Ailing toy retailer signed asset purchase agreement with Unity Acquisitions Inc. earlier this month. Mastermind …

The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month.  Central bank held key interest rate at 5 per cent in December for third time. The Bank of Canada’s governing council agreed the …

Japanese carmaker Toyota announced Wednesday that it was recalling around a million Toyota and Lexus vehicles in the United States, citing concerns about their airbag systems.  The vehicles include some of the manufacturing giant’s popular Camry, Corolla, and Highlander lines, with the recall involving concerns about the sensors in the …

Electric scooter rental business Bird says its Canadian operations won’t be affected by the company’s bankruptcy proceedings in the U.S.  Windsor, Ont., is among more than 20 cities where the scooters are offered. Electric scooter rental company Bird says its Canadian operations won’t be affected by the company’s bankruptcy proceedings …

New regulations being published this week by Environment Minister Steven Guilbeault will effectively end sales of new passenger vehicles powered only by gasoline or diesel in 2035.  New rules will effectively end sales of vehicles powered only by gasoline or diesel by 2035. The end of the road is coming …

Canada’s annual inflation rate held steady at 3.1 per cent in November, matching the previous month’s rate, according to data released by Statistics Canada on Tuesday.  Economists were expecting rate to fall below 3% threshold. Canada’s annual inflation rate held steady at 3.1 per centin November, matching the previous month’s …

Rent is the latest necessity being severely affected by inflation, federal data suggests. In Alberta, rental prices have increased in the past year at a pace not seen since the early 1980s.  Average rent in the province up 14 per cent in past year, says Rentals.ca. Nikkie Miranda feels stuck …

The U.S., Canada and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, U.S. Defence Secretary Lloyd Austin announced early Tuesday in Bahrain. Missiles, drone attacks …