Business

National auto theft summit called due to dramatic increase in stolen vehicles in Canada. Some say ‘known vulnerabilities’ should be addressed in updated standards for manufacturers, who are pushing back saying solution is complex and requires more effective enforcement.  Automakers, experts say there’s no ‘silver bullet’ to stop rampant vehicle …

As inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn’t the silver bullet people are hoping for. Monetary policy can’t do everything, …

Meta Platforms could penalize users who fail to label AI-generated audio and visual content posted on its platforms, its top policy executive said on Tuesday.  Comments made by top policy executive who didn’t elaborate on nature of penalties. Meta Platforms could penalize users who fail to label AI-generated audio and …

On the same day the National Transportation Safety Board revealed their preliminary report on an oversight that caused a panel to fly off of an Alaska Airlines flight, the U.S.’s top aviation regulator said changes must be made in how the government oversees Boeing.  Investigators reveal bolts were missing from …

The Colorado Department of Public Health and Environment says the fine concerning Suncor’s Commerce City refinery is for violations from July 2019 through June 2021.  State says it’s the largest air pollution enforcement package it has ever levied against a single facility. The state of Colorado is fining Suncor Energy …

Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.  Ban was first put in place in 2022. The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced …

Manulife will cover specialty drugs filled at any pharmacy, the insurance company said Monday, backtracking on its decision to only cover drugs filled at Loblaw-owned pharmacies less than a week after the exclusivity deal was announced.  Company said it would implement change quickly following public feedback. Manulife will cover specialty …

Season passes have long been part of the ski industry, but resorts are increasingly leaning on them as a source of revenue to get money locked in before the season starts.  To hedge their bets against warm weather, resorts want customers to pay up front. For many skiers, the days …

Energy Secretary Raphael Lotilla  Energy Secretary Raphael Lotilla issued DOE Department Order DO2024-01-0001 on Jan. 29, 2024 to establish a nuclear energy program coordinating committee (NEP-CC) with the aim of achieving a 2,400-megawatt nuclear power capacity by 2032. The committee, led by the DOE undersecretary as chair, will include representatives …

Turkish central bank chief Hafize Gaye Erkan was a Western investor darling (AFP / Adem Altan)  ISTANBUL, Turkey — President Recep Tayyip Erdogan on Friday picked a former senior economist at the US online retail giant Amazon as the new head of Turkey’s central bank. Fatih Karahan’s appointment follows the …