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In family law, biology no longer the ‘tiebreaker’ when a child’s best interest is at stake

As the make up of families changes, the resolution of parenting issues becomes more complex. The laws in each province and the federal laws set out a non-inclusive list of factors for the court to consider when deciding parenting issues. Included in those factors is the relationship between the child and the parent and with other family members. Two recent cases highlight how difficult it is to determine what is in a child’s best interests when...


Explainer - How will SoftBank cut its stake in Alibaba without selling shares?

By Carolina Mandl and Angelique Chen NEW YORK (Reuters) - SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%. But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called "prepaid forward contracts," which is a deriva...


'Rate hikes spiking Canadians' financial anxiety'

Larysa Harapyn and Edmonton-based Kelly Keehn, personal finance educator, dig into what has more Canadians feeling “fearful” and “pessimistic” about their finances. Sticker shock: How one Canadian family is coping with the highest inflation in years U.S. inflation runs cooler than forecast, easing pressure on the Fed Are Canada's big grocers profiting off inflation? The answer is complicated


Analysis: Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit

By Divya Rajagopal and Rod Nickel TORONTO (Reuters) - Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but Canadian antitrust rules and the need for the unit's steady profits could deter that move, analysts and shareholders said. Suncor's poor safety record and l...


Jim Beam maker says some customers trading down, others still paying more for high-end liquor

Some price-sensitive whiskey and tequila drinkers are swapping out their high-end bottles for cheaper options, according to Beam Suntory.


Challenger bank EQB posts loss as technology investment portfolio takes hit

Challenger bank EQB Inc., formerly Equitable Group Inc., reported a $2.5-million net loss for the second quarter that it attributed in large part to mark-to-market losses on its strategic investments. EQB on Tuesday said severe capital market volatility led to mark-to-market losses of $8.7 million on the non-interest income investment portfolio, which it said was conceived so Equitable Bank can gain access to early-stage technologies....


Gas prices dip just below $4 for the first time in 5 months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.99 on Thursday. Prices have dropped 15 cents in the past week and 68 cents in the last month, according to the auto club. The shopping app GasBuddy reported that the national average was already down to...


Metro faces ongoing worker shortage, higher overtime pay to keep grocery stores open

Workers at Metro Inc. are putting in overtime to keep stores open as the company grapples with an ongoing labour crunch, the Montreal-based grocery and drugstore retailer said Wednesday. "There's a lot of open positions out there and there's not enough workers to fill them," Metro president and CEO Eric La Flèche said during a call to discuss the company’s third-quarter results. Canada's labour market remains exceptionally tight, with more than...


Centerra Gold shares plummet as permit issue halts production from Turkish mine

Shares of Centerra Gold Inc. fell to their lowest value in more than two years as the miner nearly halved its annual gold production guidance and reported an adjusted net loss of US$36.2 million, down from a profit of US$78.3 million in the same quarter last year. The Toronto-based company now aims to produce 245,000 to 256,000 ounces of gold compared to its previous guidance range of 400,000 to 450,000 ounces after revealing that it doesn’t...


Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto

Ethereum is moving closer to adopting a proof-of-stake model for its network, which is less energy intensive than the existing proof-of-stake method.


CAE profit plunges on 'mis-bid' defence contracts: What you need to know

CAE Inc., which oversees the world’s biggest network of flight-training centres, reported net income of $1.7 million in its latest quarter, a big drop from $46.4 million a year earlier, as sales to the defence industry fell short of expectations. The Montreal-based company, which also supplies governments with simulators for military and security training, had to revise two U.S. defence contracts, reassessing costs, adjusting scope and timing,...


Disney tops Netflix on streaming subscribers, sets higher prices

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The media giant will raise the monthly cost of Disney+ without advertising by 38% to $10.99 in D...


Former TSX star hydrogen firm blames economy as sales fall

Ballard Power Systems (BLDP.TO)(BLDP) cited a tough economy as the Vancouver-based hydrogen technology firm slashed spending plans in the face of weaker sales and tighter margins. Ballard, which sells fuel cell solutions for buses, commercial trucks, trains, marine vessels, and stationary power, on Wednesday reported $20.9 million in total revenue in its second quarter. The 16 per cent year-over-year decrease was driven by lower sales across the...


Young Gaza artist was among those killed in Israeli strikes

KHAN YOUNIS, Gaza Strip (AP) — When Israeli bombs began falling last week, 22-year-old Duniana al-Amour ran into her room and tried to escape into her art and drawing, just as she had during Gaza's past wars. But this time around, her pencil never met the paper. An Israeli shell struck outside her home on Friday, making her one of the first of at least 47 Palestinians — including 16 children — who were killed during three days of heavy fighting...


The 20 biggest banks in the world

Whether commercial or institutional, banks strive to increase their profits every year. Here are the world’s 20 largest banks, ranked by asset value (billions of U.S. dollars) in 2020, according to S&P Global.


Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regulatory filings that he unloaded about 8 million shares of his company Tesla Inc. in recent days. “In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla...


Travellers say Air Canada misled passengers whose Vancouver plane was rerouted to Winnipeg

The airline was found to have cancelled a Vancouver-bound flight to immediately fly delayed passengers to Winnipeg instead.


Ripple Labs interested in bankrupt crypto lender Celsius' assets

By Hannah Lang (Reuters) - San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. "We are interested in learning about Celsius and ...


TC Energy Corp. completes public offering of common shares

CALGARY — TC Energy Corp. says it has closed a $1.8-billion bought deal offering of common shares. The Calgary-based company says it will use the proceeds to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.5-billion offshore natural gas pipeline in the southeast region of Mexico. The company says pending this use, it may also use the proceeds to pay down company debt or invest in short-term liquid...


Mining company says Nova Scotia approves bid to raise tailings dam at Gold mine

HALIFAX — Nova Scotia’s Environment Department has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pond. Australian-based St Barbara's proposal to raise the tailings wall has been opposed by environmental groups, such as the Ecology Action Centre, which have voiced concerns about the potential for a dam breach. But the company issued a statement Wednesday saying...


Reviving Mexico's groundbreaking muralism a century later

POXINDEJE, Mexico (AP) — A painter in orange overalls touches up the image of a hand holding a rifle while an artist perched on scaffolding painstakingly places bits of colorful ceramic in a mosaic of a guerrilla fighter. The artists aren't just decorating a wall: Together, they are helping to revive muralism, a movement that put Mexico at the vanguard of art a century ago. Just as their famous predecessors did shortly after the Mexican...


Biden begins summer vacation with family in South Carolina

KIAWAH ISLAND, S.C. (AP) — President Joe Biden arrived in South Carolina on Wednesday to begin what is expected to be at least a seven-day vacation with members of his family. The first couple was planning to be in Kiawah Island, noted for its private beach and golf resort, through Tuesday, according to Federal Aviation Administration advisories. The White House did not respond to requests to provide details on Biden's vacation schedule,...


FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for Starlink

The FCC said Starlink "failed to demonstrate that the providers could deliver the promised service" needed to receive the subsidies.


Dollar bruised after U.S. inflation comes in below expectations

By Alun John HONG KONG (Reuters) - The euro and Japanese yen were sitting pretty on Thursday morning after U.S. inflation data overnight came in less hot than feared and sent the dollar tumbling. U.S. consumer prices were unchanged in July compared with June, when prices rose a monthly 1.3%. The July result was lower than expectations due to a sh...


EXPLAINER: Online privacy in a post-Roe world

The case of a Nebraska woman charged with helping her teenage daughter end her pregnancy after investigators obtained Facebook messages between the two has raised fresh concerns about data privacy in the post-Roe world. Since before the U.S. Supreme Court overturned Roe v. Wade in June, Big Tech companies that collect personal details of their users have faced new calls to limit that tracking and surveillance amid fears that law enforcement or...


'Take that Elon Musk:' Ford CEO takes a dig at Tesla's delayed Cybertruck compared to the success of the electric F-150 Lightning

Jim Farley called the F-150 Lightning a "shining light" for the company and dubbed Ford "the leader of all EV pickup trucks" in the US.


Virtually painless: How some Canadian surgeons are using VR to manage patient pain

A plastic surgeon in Canada discusses the benefits of using virtual reality (VR) to help patients with their pain.


Chipotle will pay workers $20 million after New York City labor dispute

The chain changed workers' schedules and didn't allow them to use accrued sick leave, among other violations of the Fair Workweek law.


Satellite data finds landfills are methane 'super emitters'

BENGALURU, India (AP) — Landfills are releasing a significant amount of planet-warming methane into the atmosphere from the decomposition of waste, a study suggests. Scientists used satellite data from four major cities worldwide — Delhi and Mumbai in India, Lahore in Pakistan and Buenos Aires in Argentina — and found that city-level emissions 2018 and 2019 were 1.4 to 2.6 times higher than earlier estimates. The study, published in Science...


Musk seeks to question Twitter employees who count bots -source

By Sheila Dang (Reuters) -Elon Musk's legal team is demanding that Twitter Inc turn over the names of employees responsible for calculating what percentage of the social media site's users are bot and spam accounts, according to a source familiar with the matter. Bot and spam accounts on Twitter have become a central issue in the legal fight over ...


OCS to resume cannabis deliveries after cyberattack on logistics partner

TORONTO — The Ontario Cannabis Store says its distribution centre is resuming some service after a cyberattack on one of its logistics partners caused the provincial pot wholesaler to halt deliveries this week. “The Ontario Cannabis Store’s distribution centre is in the process of returning to operational status,” said David Lobo, the OCS’s president and CEO, in a statement posted to the distributor’s website Wednesday afternoon. “A small number...


Opinion: There’s no such thing as a free lunch, especially with government spending

By Jason Clemens and Jake Fuss According to George Will, longtime Washington Post columnist, contrary to popular and received wisdom, a political consensus exists in Washington, D.C., which is that Americans want a generous welfare state with high levels of government spending — but they don’t want to pay for it. While not as long-standing, there appears to be an equally strong consensus developing in Canada for more government spending without...


Gas prices dip just below $4 for the first time in 5 months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.99 on Thursday. Prices have dropped 15 cents in the past week and 68 cents in the last month, according to the auto club. The shopping app GasBuddy reported that the national average was already down to...


THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market

Business Insider Intelligence offers even more e-commerce and payments coverage with our Payments & Commerce Briefing. Subscribe today to receive industry-changing retail news and analysis to your inbox.The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. The combination of consumers' interest...


Alberta oil production set new record in first half of 2022

Alberta crude oil production hit a new record in the first half of 2022, according to a report by ATB Economics.


Mint to launch coin commemorating legendary jazz pianist Oscar Peterson

TORONTO — The Royal Canadian Mint is launching a special coin celebrating late music legend Oscar Peterson. The one-dollar circulation coin is set to be unveiled at a Toronto event this morning. Finance Minister Chrystia Freeland is expected to be in attendance alongside the jazz pianist's widow, Kelly Peterson, and daughter, Céline Peterson. Pianist and composer Thompson Egbo-Egbo will pay tribute to Peterson with a special performance. Born in...


The price of Disney+ and Hulu are increasing — here's how much each plan is going up

Disney+ is introducing an ad-supported tier that will be the cost of the current ad-free plan, and Hulu is getting a price increase, too.


Morreale: CEBL's championship weekend caps another successful CEBL season

OTTAWA — Mike Morreale says people thought he was crazy when he became commissioner and chief executive officer of the fledgling Canadian Elite Basketball League four years ago. Now he can't imagine Canada's basketball landscape without it. "I was saying to one of my staff last night, 'Can you imagine if the CEBL stopped existing?' The void that would be created," said Morreale, a former longtime CFL receiver. Heading into the league's...


Jack Mintz: Labour shortages won’t stop, even after the 'jobful recession'

Instead of a “jobless recovery,” analysts have recently coined the term “jobful recession,” with falling GDP accompanied by rising employment. In the United States, GDP has declined for two quarters, but employment has risen briskly with 528,000 jobs added just this past month. Even Germany, facing a deepening energy crisis, recorded stalled GDP but employment gains of 133,000 in three months ending June. With current labour shortages, many...


More B.C. cherries headed to South Korean market

B.C. growers and industry partners 'cannot wait to see cherries branded with the maple leaf in stores across South Korea,' Sukpaul Bal said.


Manulife reports $1.6B drop in Q2 earnings on market impacts

TORONTO — Manulife Financial Corp. says it saw a $1.6-billion drop in earnings in the second quarter compared with a year earlier as market turmoil hit its bottom line. The insurance giant says it had net income of $1.09 billion, or 53 cents per share, for the quarter ending June 30 compared with earnings of $2.65 billion or $1.33 per share for the same quarter last year. Analysts had expected net income of $1.47 billion or 76 cents per share,...


West Fraser cuts production, mill shifts in B.C. for loss of 147 jobs

VANCOUVER — West Fraser Timber Co. Ltd. says it is cutting a shift at three B.C. mills for a loss of 147 jobs as it reduces production in part because of lack of timber supplies. The wood products company says the shift reductions will mean a loss of 77 jobs at its Fraser Lake Sawmill, 15 positions at Williams Lake Lumber, and 55 jobs at Quesnel Plywood. The job cuts, expected to take place over the fourth quarter, come as the company...


Explainer-How could the new U.S. corporate minimum tax affect companies?

By Rose Horowitch and David Lawder WASHINGTON (Reuters) - The main revenue source in the U.S. Senate's newly passed tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code to slash their tax bills to zero. The nonpartisan Joint Committee on Taxati...


China's Didi EV joint venture with Li Auto applies for bankruptcy - court

SHANGHAI (Reuters) - Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV). The company, 51% owned by Didi while 49% held by Li Auto, submitted the bankruptcy application to Beijing No. 1 Intermediate Pe...


Exclusive - U.S. rethinks steps on China tariffs in wake of Taiwan response - sources

By Jeff Mason and David Lawder WASHINGTON (Reuters) - China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations. President Joe Biden's team ...


From oil to wind, Argentia makes about-face in energy industry with $65M deal

A Newfoundland port authority says it's scored a major deal for the province — one that inserts Newfoundland and Labrador into the global wind energy supply chain.


Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more

See which stocks are posting big moves after the bell.


Trans Mountain names Dawn Farrell new CEO and president

CALGARY — Trans Mountain Corp. says Dawn Farrell will become its new president and chief executive next week. The pipeline operator says Farrell has more than 35 years of experience in the energy business, where she has held senior level positions. She was most recently the president and CEO of TransAlta Corp. and helped the company transition away from coal-fired electrical generation. Farrell's appointment comes after Ian Anderson announced in...


Complaints backlog mounts as airline regulator faces staff shortage

MONTREAL — Canada's transport regulator says its backlog of air passenger complaints is growing as a staff shortage comes up against a summer of airport chaos — itself due in part to labour shortages. Tom Oommen, director general of analysis and outreach at the Canadian Transportation Agency, says the quasi-judicial body is trying to hire more facilitators who can help resolve customer complaints against airlines. "We are hiring," Oommen said in...


Cancellation of Atlanta festival sparks new fight over guns

ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage. In fact, some people are convinced Atlanta — center of the nation’s hip-hop music scene — will lose more music festivals and performances on public land as organizers and artists learn that state law makes it...