Meta Loses $310B in Value on Legal, AI Concerns
Meta Platforms Inc. faces a massive $310 billion market cap drop in March as investor fears over legal risks and aggressive AI spending intensify, with shares down 32% from their peak.
Category : Corporate News
TSX Jumps 300+ Points Amid Oil Price Surge Past $100
Canada's main stock index experienced a significant rally, climbing more than 300 points as global oil prices surpassed the US$100 per barrel threshold, driven by geopolitical tensions and supply concerns.
Uber Buys Blacklane to Boost High-End Ride-Hailing Offerings
Uber Technologies Inc. has purchased Berlin-based chauffeur booking app Blacklane, aiming to strengthen its position in the premium ride-hailing market. The deal targets business executives and wealthy consumers, with competition intensifying among luxury
Air Canada CEO Ousted Over Language Politics, Not Performance
Air Canada CEO Michael Rousseau announces retirement amid pressure from political leaders over his unilingual English video after a fatal crash, highlighting a language debate overshadowing his successful tenure.
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Air Canada CEO to Retire After French Language Controversy
Air Canada CEO Michael Rousseau will step down later this year following public and political criticism over his lack of French proficiency, marking a leadership transition for the national carrier.
Shawn Chang Appointed ASUS North America General Manager
ASUS appoints Shawn Chang as General Manager of its North America System Business Group. With over 20 years of experience, Chang will lead strategic growth across consumer, gaming, and commercial markets, focusing on AI-powered computing and B2B expansion
Air Canada CEO to Retire Following French Language Controversy
Air Canada CEO Michael Rousseau announces retirement after facing backlash for delivering an English-only condolence message following a fatal airport collision.
Nasdaq's 'Fast Entry' Rules Speed Up New Listings
Nasdaq introduces new 'fast entry' rules to streamline the listing process for companies on its benchmark index, aiming to boost market efficiency and attract more listings amid competitive pressures.
Air Canada CEO Michael Rousseau to Retire in Late 2026
Air Canada has initiated a search for a new CEO as Michael Rousseau plans to retire at the end of the third quarter in 2026, following recent controversy over an English-only condolence video.
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Air Canada CEO Michael Rousseau to Retire After French Language Row
Air Canada CEO Michael Rousseau is stepping down after facing criticism for his inability to speak French, which sparked protests and parliamentary scrutiny over representation at the Montreal-based airline.
Nvidia's PE Ratio Sinks to Seven-Year Low on War, AI Angst
Nvidia Corporation's price-to-earnings ratio has plummeted to its lowest level in seven years, driven by geopolitical tensions and uncertainties in the artificial intelligence sector, impacting investor confidence.
Morgan Stanley Downgrades Global Equities, U.S. as Defensive Market
Morgan Stanley has downgraded its outlook for global equities, citing geopolitical risks from the Middle East conflict. The firm identifies the U.S. market as a defensive haven amid the turmoil.
Kraken Robotics Appoints Board Member and CIO
Kraken Robotics announces Don Robertson joining its Board of Directors and John Salama promoted to Chief Information Officer, enhancing governance and tech leadership.
Markets Punish Then Reward Hard Assets in Supply Shocks
Financial markets initially penalize but ultimately reward investments in hard assets during supply-driven shocks, according to investment expert Martin Pelletier. The current volatility stems from geopolitical tensions and energy insecurity, which parado
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Monk's Advice Led Developer to Fortune and Philanthropy
Vancouver property developer Michael Audain credits a Buddhist monk's guidance for his business success, leading to a $450 million foundation funding major arts institutions across Canada.
Global Markets Drop as Oil Soars Amid Iran Tensions
Worldwide stock markets experienced significant declines as escalating tensions in Iran drove oil prices sharply higher, sparking investor anxiety over potential economic disruptions.
Canadian Banks, Pension Funds Invest Billions in ICE Contractors
A new investigation uncovers that major Canadian banks and pension funds have channeled billions of dollars into companies contracting with U.S. Immigration and Customs Enforcement, raising ethical and financial questions.
West Red Lake Gold Appoints Jaclyn Ruptash as VP Communications
West Red Lake Gold Mines Ltd. has appointed Jaclyn Ruptash as Vice President of Communications, bringing over 20 years of resources sector experience to strengthen stakeholder engagement and investor relations.
Kitchener News: Bakery Founder Dies, Sunshine List Out
This week in Kitchener, the community mourns Anna Mae Wagler, founder of Anna Mae's Restaurant & Bakery, while the annual Sunshine List reveals public sector salaries. Local residents also seek guidance on disposing of old green and blue bins.
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12 Tons of KitKat Bars Stolen in European Truck Heist
A truck carrying 413,793 KitKat bars, weighing 12 tons, disappeared en route from Italy to Poland. Nestle reports the theft, with traceable batch codes aiding recovery efforts.
12 Tonnes of KitKat Bars Stolen in Major Heist
In a startling incident, approximately 12 tonnes of KitKat chocolate bars were stolen from a Nestle facility. The theft raises questions about logistics and security in the food industry.
Hamilton Road BIA Hires Leader After Phishing Scam Loss
The Hamilton Road Business Improvement Area has appointed Kevin Morrison from Old East Village to help recover from a six-figure online phishing scandal, marking a strategic move to rebuild trust and financial stability.
BRP Stock Gains 9%, Analysts Predict 40% Upside
BRP Inc. shares rose over 9% after strong earnings, with analysts citing market share gains and healthy inventory. RBC Capital Markets revised price targets for major Canadian banks, while Desjardins suggested a dividend cut for Telus.
Ex-Brookfield VP Sues Over Firing After Charlie Kirk Post
A former Brookfield Asset Management senior vice president has filed a lawsuit claiming wrongful termination over a social media post following conservative activist Charlie Kirk's murder.
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Crypto Scams Cost Ontario Residents Over $100,000 Each: OPP
Ontario Provincial Police warn the public about sophisticated cryptocurrency scams following two major financial losses in eastern Ontario, urging vigilance and education.
Warner Bros. Deal Gap Creates Arbitrage Windfall Potential
The significant spread between Warner Bros. Discovery's current stock price and Paramount's acquisition offer presents a rare merger arbitrage opportunity, with analysts calling the market pricing overly pessimistic.
TSX Rises Late-Morning Friday, U.S. Markets Fall
The S&P/TSX composite index showed positive movement in late-morning trading on Friday, contrasting with downward trends in U.S. markets. This divergence highlights ongoing economic shifts and investor sentiment in North America.
Empire to Remove Some 'Buy Canadian' Signs at Sobeys
The parent company of Sobeys, Empire Company Ltd., is set to remove certain 'Buy Canadian' promotional signage from its grocery stores, sparking discussions on domestic sourcing and retail branding strategies in the competitive market.
Ontario's Highest-Paid Public Employees in 2025
The 2025 Ontario Sunshine List discloses the province's highest-earning public sector employees, with salaries exceeding $100,000. This annual transparency report highlights compensation trends in government and broader public service roles.
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Toys 'R' Us Canada Seeks Buyer, Plans Store Closures
Toys 'R' Us Canada is initiating a sale process and closing additional locations, as revealed in court documents. The iconic toy retailer continues its restructuring efforts in the competitive market.
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