News
Alberta fuels Canada's GDP beat with surge in oil and gas
2+ hour, 37+ min ago (654+ words) Canada's rebound in April should quiet recession talk Canada's economy beat expectations in the latest, and Alberta was likely a major driver of that growth. Statistics Canada doesn't provide monthly provincial GDP numbers, but Charles St-Arnaud, an economist at Edmonton-based…...
CRA denies deduction to taxpayer who tried to claim auto and work-from-home expenses
4+ hour, 57+ min ago (693+ words) Jamie Golombek: While the judge acknowledged the taxpayer's 'difficult personal situation,' she said he failed to meet the conditions required for employment expenses As an employee, you may be able to claim a deduction on your tax return for work…...
Here's what Rick Mercer doesn't know about how Canada stacks up in quantum computing
4+ hour, 47+ min ago (1027+ words) Canadian tech companies are racing to build a scalable and useful quantum computer within the next decade Canada has long been a hotbed for quantum computing, but even Canadian comedian Rick Mercer doesn't know what it is despite promoting the…...
AI adoption is a corporate imperative but it comes with two significant legal risks
1+ day, 3+ hour ago (1000+ words) Artificial intelligence can be an extraordinarily useful tool. But it is not a confessional, nor a privileged conversation Artificial intelligence has already divided the business world into two camps: those using it and those, well, rapidly falling behind. For employers,…...
Opinion: Mark Carney deserves health-care praise
1+ day, 4+ hour ago (400+ words) Like many European nations, Alberta is going to allow people to buy health care in-province. So far the prime minister has not objected Prime Minister Mark Carney deserves praise for being open to the changes Alberta is currently implementing in…...
Death of the road trip? How higher gas prices are putting a summer staple to the test
1+ day, 4+ hour ago (1233+ words) Though Iran peace talks are providing some relief at the pumps, cost-conscious drivers are curbing road trips this summer Tara Mc Andrew's ultimate road trip is on the ambitious side: First, driving the Pan-American Highway from Alaska to Argentina, then…...
News of the day: Free trade scars, new CRA head, GDP grows, recession false alarm, bare trust debacle and more
1+ day, 17+ hour ago (215+ words) The town was gutted: Free trade has been a win for Canada, but in some communities the scars still run deep United States demands for concessions on the Canada-United-States-Mexico-Agreement are stirring up painful memories in communities like Wallaceburg, Ont. , where…...
$688 million for new satellites from MDA Space will boost national security, Joly says
1+ day, 18+ hour ago (276+ words) MDA will supply an advanced replenishment satellite for Canada's Radarsat Constellation Mission The Canadian Space Agency's recently-awarded $688 million contract to MDA Space Ltd. to build a new satellite will boost Canadian national security, according to industry minister M'lanie Joly. Last…...
'False alarm' on recession: economists react to April's GDP numbers
1+ day, 21+ hour ago (634+ words) Canada's economy topped even the most upbeat expectations for April as real gross domestic product (GDP) grew 0. 5 per cent. The rebound from a 0. 1 per cent contraction in March was driven by'strength in'mining, quarrying, and oil and gas extraction, Statistics Canada…...
How the great wealth transfer is rattling Wall Street
2+ day, 40+ min ago (1762+ words) Tens of trillions of dollars are moving between generations " and younger heirs feel little loyalty to traditional advisers Just months before he died last year aged 98, Goh Cheng Liang, one of Singapore's richest men, made six of his grandchildren billionaires....