Some Canadian doctors warned that the Liberal government’s new capital gain tax increase could push more doctors out of family medicine for financial reasons at a time when millions of Canadians don’t have a family doctor.
TORONTO — Canadians who applied to be part of a class-action lawsuit against LifeLabs Inc. are now receiving cheques and e-transfers. KPMG, which is administering the claims, says on the class-action website that more than 900,000 valid claims were received. Given the large number of valid claims, KPMG says claimants will receive an e-transfer of $7.86. Those receiving a cheque will get $5.86, after deducting a $2 processing fee. The class action was launched against LifeLabs after a 2019 data b
The youngest baby boomers turn 60 years old in 2024, meaning they are only a couple years away from qualifying for Social Security retirement benefits. Their oldest boomer compatriots, born in 1946,...
SpaceX is building launch facilities, office buildings and even a shopping center in rural Texas, as billionaire Elon Musk's space venture rapidly expands its rocket and satellite business across the Lone Star state. But a Reuters review of Texas property records shows that SpaceX and its contractors can be far slower to pay builders and suppliers than they are to break ground. Unpaid bills and finger-pointing among contractors, Reuters found, have led many construction-industry businesses to file liens against SpaceX properties in efforts to get compensated.
Federal Opposition Leader Pierre Poilievre says the Conservatives will put forward legislation that would forbid Ottawa from "ever" granting provinces exemptions to allow illicit drug use in hospitals. Speaking in Vancouver, Poilievre says the Conservatives will introduce a private member's bill to end the federal health minister's power to grant exemptions that would allow the use of illicit drugs in a hospital setting. (May 14, 2024)
SINGAPORE/BEIJING (Reuters) -Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets, according to sources and documents. The progress in HBM - even if only in older versions of HBM - represents a major step forward in China's efforts to reduce its reliance on foreign suppliers amid tensions with Washington that have led to restrictions on U.S. exports of advanced chipsets to Chinese firms. CXMT, China's top manufacturer of DRAM chips, has developed sample HBM chips in partnership with chip packaging and testing company Tongfu Microelectronics, according to three people briefed on the matter.
Taiwanese chipmaker TSMC does not necessarily need to use ASML's next generation "High NA EUV" machines for an upcoming generation of chip manufacturing technology called A16, which is under development for the second half of 2026, an executive said on Tuesday. The High NA lithography tools are expected to help shrink chip designs by up to two-thirds, but chipmakers must weigh that benefit against a higher cost and whether ASML's older tech may be more reliable and good enough. Speaking at a conference in Amsterdam, Kevin Zhang said that it is possible that the company's A16 plants could be designed to accommodate the technology, but that is not certain.
(Reuters) -Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of $3 billion if copper prices hit $5 per pound, CEO Jonathan Price said on Tuesday. For Vancouver, Canada-based Teck, copper is the main driver of profitability after it sold its steel-making coal business to a consortium of buyers led by Swiss miner Glencore for $8.9 billion last year. Price, speaking at the Bank of America Metals, Mining and Steels conference in Miami, gave a range of predictions for Teck's annual EBITDA at different copper prices, the lowest being $2 billion if copper trades at $4 per pound.
One of the easiest ways to set yourself up for a financially secure future is to contribute to your workplace retirement savings account -- but many women are not doing this. In fact, only 52% of...
Having a hefty retirement account is great, but that alone isn't enough. If you don't understand essential retirement planning topics, you're in trouble, according to Suze Orman. On her website, she...
(Bloomberg) -- OPEC+ is once again grappling with the thorny question of how much oil its members are actually capable of pumping, an issue that poses risks for the group’s efforts to stabilize world markets. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacron Puts French Banks in Play With Plan to Transform EuropeHow One of the World's
Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company. Earlier this week, TechCrunch reported that Motional is pausing commercial operations and delaying plans to launch a robotaxi service with its next-gen Hyundai Ioniq 5 robotaxis until 2026 as it undergoes restructuring. An employee at Motional who spoke to TechCrunch on the condition of anonymity said every team has been affected, with high-level departures including the company’s chief operating officer, Abe Ghabra.
SAN DIEGO (AP) — One of California's most influential agricultural companies filed a lawsuit Monday against the state to stop a contentious law to help farmworkers unionize that Democratic Gov. Gavin Newsom reluctantly signed two years ago after pressure from the White House. The action by the Wonderful Co. comes as it battles the United Farm Workers over a newly formed UFW local of 640 workers at one of its businesses. The $6 billion company founded by Stewart and Lynda Resnick, who have donate
Anchor Melissa Mecija looks at what California and others across the nation are doing to stop the practice of “junk fees.”
Conservative Party of Canada Leader Pierre Poilievre announced in B.C. on Tuesday the introduction of the Safe Hospitals Act. “It will create an aggravating factor for sentencing for anyone who brings and illegal and unauthorized weapon into a hospital. It will take away the discretion from the federal health minister under the Controlled and Substances Act to decriminalize illicit drugs like fentanyl and meth, crack and heroin in hospitals,” Poilievre said.
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products and reducing management layers. The cost-saving plan has prompted a slew of job cuts over the past few months at the world's largest sportswear maker.
(Bloomberg) -- Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won’t rush to cut interest rates this year.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsTrump Vows ‘Day One’ Executive Order Targeting Offshore WindHow One of the World's Oldest Hedge Funds Went BankruptOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyWest Texas Intermedia
Most people assume the path to wealth lies in a lucrative job at a big, established corporation. While that can certainly be true in some cases, there are also many opportunities to make money and...
OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain, fell 1.1 per cent to $81.4 billion in March. The agency says the overall decline came as sales were down in three of the seven subsectors it tracks. The motor vehicle and motor vehicle parts and accessories subsector posted the largest drop as sales fell 5.8 per cent to $13.4 billion in March. The motor vehicle industry group dropped 7.0 per cent to $10.6 billio
Honda has selected Port Colborne, Ont., as the future site of a lithium ion separator plant, the first of its kind in Canada and a key part of the country's multibillion-dollar electric vehicle supply chain. The news coincides with the U.S. slapping heavy tariffs on Chinese electric cars, batteries, and minerals used to make those batteries. Mike Drolet explains what's behind the White House's decision, what it likely mean for Canada, and the broader ripple effects of a trade war.
(Bloomberg) -- China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsTrump Vows ‘Day One’ Executive Order Targeting Offshore WindHow One of the World's Oldest Hedge Funds Went BankruptOpenAI Chief Sci
