Business

The Canadian mining company that controls a massive copper mine in Panama says it has no plans to alter its operations despite widespread local protests against the firm’s mining contract that have escalated and turned deadly.  Shares in First Quantum have dropped 40% since opposition to mining contract exploded recently. …

Canadian Tire Corp. Ltd. has cut about three per cent of its corporate work force as it responds to softening consumer demand.  Retailer cites ‘softening consumer demand’ for decision to scale back. Canadian Tire Corp. Ltd. has cut about three per cent of its corporate work force as it responds …

Omegle, a video chat service that connects users with strangers at random, is shutting down after 14 years following allegations of misuse of the platform — particularly the sexual abuse of minors.  Critics say platform has become breeding ground for exploitation. Omegle, a video chat service that connects users with …

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further.  At recent meeting, some argued more hikes are needed while others say current level is enough Further interest rate hikes …

A bowl of rice (Pixabay / mikuratv)  MANILA, Philippines — The Philippine Rice Research Institute (PhilRice), the research and development arm of the Department of Agriculture, said that the country wastes P7.2 billion worth of rice yearly. In a Palace briefing, PhilRice Deputy Executive Director Karen Barroga said that an …

Skimpflation is when companies swap out ingredients in food products for cheaper ones without lowering the price. The practice can be hard to detect because shoppers don’t have access to companies’ recipes.  Skimpflation — switching recipes to use cheaper ingredients — is harder to spot than its cousin, shrinkflation. Daniel …

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling.  Company enters restructuring agreement to ‘drastically reduce’ debt. WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as …

Quebec Finance Minister Eric Girard unveiled his economic update today. With the province’s economic growth expected to remain sluggish, spending outlined in the mini-budget is aimed at food banks, social housing and dealing with the impact of climate change.  Economic update includes small tax breaks and millions for food banks, …

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Prince George’s Deadfall Brewing hopes to put northern B.C. on the craft beer map after Canada Beer Cup win. A small brewery tucked away in the corner of a strip mall in northern B.C. is unexpectedly busy this week after being named as the makers of the best beer in …