Canada & World

Loblaw’s ‘overzealous’ algorithm use sees sluggish same-store sales growth

Algorithms focused on profitability and increased margins decreased the emphasis on promotions to bring customers into the stores.

FTC fines Facebook $5B, pins privacy onus on Zuckerberg

Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business

Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister

Quebec Economy Minister Pierre Fitzgibbon said Wednesday the province will not offer financial help to SNC-Lavalin Group Inc. in spite of the construction giant's woes

Feds officially launch contract to supply 88 new fighter jets

Canada is officially asking four companies to send in their bids to supply a new fleet of fighter jets for the Royal Canadian Air Force

Bank of Canada lowers qualifying rate used in mortgage stress tests

The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years

Study says rents in most cities are unaffordable for lower income earners

A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country's rental market that also raises questions about a promised federal rent-supplement program

Five Canadian business stories to watch this week

June's inflation numbers are among the stories to keep an eye on this week in Canadian business

Bank of Canada holds interest rate, warns of drag from global trade tensions

The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with global trade conflicts

Five Canadian business stories to watch this week

Housing starts data, an interest rate announcement from the Bank of Canada and earnings from Couche-Tard are all slated for this coming week

Ontario commissioner recommends updating privacy laws to prepare for smart cities

Ontario's information and privacy commissioner is calling on the provincial government to review and modernize its privacy laws to prepare for the 'risks inherent' with smart cities

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