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Macklem says low productivity growth is Canada’s ‘Achilles heel,’ calls for action

Macklem says low productivity growth is Canada’s ‘Achilles heel,’ calls for action

OTTAWA — Bank of Canada governor Tiff Macklem is sounding the alarm on Canada’s productivity problem and urging policymakers to dig into why the country struggles with low business investment.
Apple becomes first target of EU's new digital competition rules aimed at big tech

Apple becomes first target of EU's new digital competition rules aimed at big tech

LONDON (AP) — European Union regulators on Monday leveled their first charges under the bloc’s new digital competition rulebook , accusing Apple of preventing app makers from pointing users to cheaper options outside its App Store.
B.C. Ombudsperson finds 'systemic mismanagement' in hiring at public service agency

B.C. Ombudsperson finds 'systemic mismanagement' in hiring at public service agency

VICTORIA — B.C. Ombudsperson Jay Chalke says dozens of public service jobs meant to help develop the careers of public servants wrongfully went to government appointees over a 10-year period.
Alberta regulator projects 17 per cent growth in oilsands production by 2033

Alberta regulator projects 17 per cent growth in oilsands production by 2033

CALGARY — The regulator responsible for overseeing Alberta's oil and gas sector has released a new report projecting the province's oilsands production will grow by more than 17 per cent by 2033.
Paladin Energy buying Fission Uranium in stock deal valued at $1.1 billion

Paladin Energy buying Fission Uranium in stock deal valued at $1.1 billion

KELOWNA, B.C. — Fission Uranium Corp. has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an all-stock agreement valued at about $1.1 billion. Under the proposal, Fission shareholders will receive 0.
Stock market today: Wall Street drifts in early trading as Nvidia slips more more

Stock market today: Wall Street drifts in early trading as Nvidia slips more more

NEW YORK (AP) — U.S. stock indexes are drifting in mixed trading as Nvidia regresses a bit more. The S&P 500 was flat in the early going Monday, still near its record set last week.
Shopify beefs up AI offerings with new products meant to boost merchants' sales

Shopify beefs up AI offerings with new products meant to boost merchants' sales

Shopify Inc. is boosting the amount of artificial intelligence embedded in its platforms.
At least 16 dead in a fire at a lithium battery factory in South Korea

At least 16 dead in a fire at a lithium battery factory in South Korea

SEOUL, South Korea (AP) — A fire at a lithium battery manufacturing factory near South Korea’s capital on Monday left at least 16 people dead, seven injured and six missing, officials said.
Alberta oil and gas sector exceeded flaring limit in 2023, data shows

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

CALGARY — For the first time, Alberta's oil and gas industry has exceeded the province's own regulatory limit for natural gas flaring.
Workers on strike after failing to reach deal with Bombardier by deadline, union says

Workers on strike after failing to reach deal with Bombardier by deadline, union says

OTTAWA — More than a thousand Bombardier aircraft assembly workers went on strike as of Sunday after their union failed to reach an agreement with the company.