BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data
Two of Canada’s biggest banks warned Monday that “fraudsters” may have accessed certain personal and financial information of up to 90,000 customers. The Bank of
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
WestJet, pilots union avert strike by agreeing to settlement process
The president and CEO of WestJet says the threat of a strike by its pilots is over. Ed Sims said the Calgary-based airline and the
Five Canadian business stories to watch this week
Parade of bank earnings continues Three more of Canada’s big banks report second-quarter earnings: Scotiabank comes out on Tuesday followed by Bank of Montreal and
Aecon deal nixed over fears about Chinese access to data on key infrastructure
The federal government rejected the Chinese takeover of a Toronto-based construction firm on national security grounds because it would have given Beijing access to a
Canada blocks Aecon takeover by Chinese state-owned firm over national security
The federal government has blocked the proposed $1.5-billion takeover of Aecon Group Inc. by a Chinese state-owned company for reasons of national security. After markets
For the first time in 226 years, woman to lead the NYSE
The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career
Feds spending millions of dollars on Facebook ads, boosted posts
The government of Canada has been increasing its use of paid Facebook advertisements over the last three years, spending tens of millions of dollars on
CIBC’s net income up nearly 25%
CIBC reported better-than-expected results for its second quarter with a nearly 25 per cent increase in net income compared with a year ago. The lender
Experts concerned about global rise of facial recognition technology
Based on recent announcements by the likes of Facebook, Live Nation and a U.K. police force, Canadians may need to get used to the idea
Five Canadian business stories to watch this week
What’s next for NAFTA? Negotiators for Canada, Mexico and the U.S. are under the gun to make headway on a new NAFTA deal after passing
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