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Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

TORONTO — Bank of Nova Scotia has been fined US$22.5 million by two U.S. agencies for violations related to employee use of unapproved communication methods including text messages and WhatsApp.
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Stock market today: Stocks dip following inflation data, drops for Disney, banks

Stock market today: Stocks dip following inflation data, drops for Disney, banks

NEW YORK (AP) — Wall Street slipped, sending the S&P 500 down 0.2%. Disney was one of the heaviest forces dragging the market lower on Thursday after it lost streaming subscribers during the latest quarter.
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Nutrien may slow potash ramp-up plans as earnings, sales down

Nutrien may slow potash ramp-up plans as earnings, sales down

CALGARY — The CEO of Canadian fertilizer giant Nutrien Ltd. said Thursday the company may consider slowing down its previously announced plan to ramp up potash production, as falling prices and lower sales volumes take a bite out of profits.
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Ukraine says counteroffensive delayed; Britain sending cruise missiles to Kyiv

Ukraine says counteroffensive delayed; Britain sending cruise missiles to Kyiv

KYIV, Ukraine (AP) — President Volodymyr Zelenskyy said in remarks broadcast Thursday that Kyiv is delaying its long-awaited counteroffensive against Russia’s occupying forces because Ukraine lacks enough Western weapons to succeed without suffering
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As Liberals' grocery rebate bill becomes law, one-time payments will land this summer

As Liberals' grocery rebate bill becomes law, one-time payments will land this summer

OTTAWA — The Department of Finance says the grocery rebate the Liberals promised in this year's federal budget will be extended to eligible Canadians on July 5. That confirmation comes after Parliament passed legislation on the measure this week.
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Canadian Tire profit slips as inflation prompts 'mindful' consumers to cut spending

Canadian Tire profit slips as inflation prompts 'mindful' consumers to cut spending

TORONTO — Canadian consumers are increasingly "mindful" in their shopping, prioritizing essential purchases and reining in spending on more expensive goods as inflation continues to squeeze budgets, the head of Canadian Tire Corp. Ltd. said Thursday.
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Tesla shouldn't call driving system Autopilot because humans are still in control, Buttigieg says

Tesla shouldn't call driving system Autopilot because humans are still in control, Buttigieg says

WASHINGTON (AP) — Tesla shouldn’t be calling its partially automated driving system Autopilot because the cars can’t drive themselves, the top U.S. transportation official says.
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China's ban on Canadian beef still in place year-and-a-half later; industry in dark

China's ban on Canadian beef still in place year-and-a-half later; industry in dark

CALGARY — A Chinese ban on Canadian beef that industry officials expected would be short-lived remains in place 17 months later, and industry representatives say they remain in the dark about the reasons.
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Manitoba government offers money for new WestJet direct flights to Atlanta

Manitoba government offers money for new WestJet direct flights to Atlanta

WINNIPEG — WestJet is to start new direct flights between Winnipeg and Atlanta in September with a financial backstop from the Manitoba government.
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RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

TORONTO — The chief executive of one of the country's most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.
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