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Canadians are being urged to think twice before plugging in cheap internet-connected devices as cyber officials warn a growing number of smart products may already be compromised and helping criminals hide their activities online.
Markets in Toronto and New York were given a jolt Wednesday as oil prices fell after President Donald Trump said the U.S. and Iran could be nearing a deal to end the current war.
Two Canadian steel companies have agreed to pay $19 million to resolve allegations they knowingly failed to pay proper duties on flat-rolled steel manufactured in Europe and Asia, the U.S. Justice Department said Wednesday.
A weaker economy and rising costs are leaving little room for small businesses to hire and train inexperienced youth, a new report suggests.
Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a growing number of them saying the central bank should lay the groundwork for a possible rate hike, a sign that incoming Chair Kevin Warsh will inherit an increasingly hawkish crew of central bankers.
The Canadian dollar steadied near a five-week low against its U.S. counterpart on Wednesday, as oil prices fell on increased hopes of a deal to end the Middle East conflict and after softer-than-expected domestic inflation data the day before.
OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter told Reuters on Wednesday.
After more than a decade of exploration and searching for financing, the Matawinie Graphite Mine has begun construction.
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping data on LSEG and Kpler showed
The European Parliament has formally welcomed Canada into the SAFE defence borrowing agreement, something Foreign Affairs Minister Anita Anand says is an important step for the country.
Hasbro on Wednesday reaffirmed its annual forecasts even as it reported first-quarter revenue and profit above estimates amid looming macroeconomic pressures, sending its shares down about eight per cent.
Sherritt International Corp. has signed a non-binding agreement with Gillon Capital LLC, a family office of a former Trump administration adviser, that would allow Gillon to buy a majority stake in the company.
Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
Two generic versions of Ozempic are set to start arriving in Canadian pharmacies this week, which means patients who use the drug to treat diabetes or for weight loss may have more options for a fraction of the cost.
The UAE’s new crude pipeline bypassing the Strait of Hormuz is about 50 per cent complete, the head of ADNOC said on Wednesday, adding that global oil flows may take at least four months to recover to 80 per cent of pre-conflict levels after the Iran war ends.
Canada is expected to spend more than $1 billion on the 2026 FIFA Men’s World Cup, according to a report from the federal budgetary watchdog.
