The Justice Department is closing its investigation into cost overruns in renovations at the Federal Reserve under chairman Jerome Powell, U.S. Attorney Jeanine Pirro said on Friday. Read More
Ticketmaster delists Ontario resale tickets after new law caps prices
Ticketmaster has begun delisting resale tickets for Ontario events to comply with a new provincial law that caps the price of such tickets at face value. Read More
Meta to cut 8,000 jobs, Microsoft to offer voluntary buyouts for thousands
Meta is laying off about 8,000 workers, or about 10 per cent of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. Read More
U.S. soldier involved in Maduro capture accused of profiting from knowledge of raid on Polymarket
A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday. Read More
Canadian astronaut Joshua Kutryk announced as part of a crew heading to the International Space Station
Hot off the heels of the Artemis II mission around the moon that included Canadian Space Agency astronaut Jeremy Hansen, another Canadian has been announced for another space mission. Read More
Alberta Energy Regulator orders MAGA Energy to suspend operations over ‘failure to meet its commitments’
The Alberta Energy Regulator has ordered oil and gas firm MAGA Energy Ltd. to suspend its operations over unresolved environmental concerns and non-compliance issues, including unpaid taxes. Read More
Oil producers to begin unveiling profits and spending plans
Canadian oil producers will provide a first glimpse this week at how the spike in energy prices is boosting their bottom line and what they intend to do with the bumper profits. Read More
Canada is getting a sovereign wealth fund. What are they and how might this one work?
Sovereign wealth funds are usually started with extra money that governments then use to invest. But the Canada Strong Fund will differ from wealth funds in some other countries, and there are plenty of details that still need to be sorted out. Read More
Rogers offering buyouts to about 10,000 employees as it aims to cut spending
Telecommunications, media and sports giant Rogers Communications Inc. confirmed to CBC News on Monday that it is offering voluntary buyouts to about 10,000 eligible employees. Read More
Shell goes big on Canadian gas with $22B deal to buy ARC Resources
Oil giant Shell is acquiring Canadian energy company ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt. Read More