Shopify signs on to join Facebook’s embattled Libra cryptocurrency plan

Shopify signs on to join Facebook’s embattled Libra cryptocurrency plan

Ottawa-based e-commerce company Shopify Inc. has joined Libra Association, the group behind Facebook’s plan to create a global cryptocurrency that first attracted — and then lost — backing from key financial players including Visa, Mastercard and PayPal.In a statement, Shopify said it linked up with the venture to “work collectively to build a payment network……

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‘Investment bogeyman’: Will Big Three cut wireless investment if forced to open network access?

‘Investment bogeyman’: Will Big Three cut wireless investment if forced to open network access?

Canada’s Big Three wireless carriers say they’ll significantly axe investment if the federal telecom regulator forces them to sell wholesale access to their mobile networks, arguing this could hurt Canada’s position in the race to build next generation 5G networks.Such warnings are a common refrain from the telecom industry whenever additional telecom regulation is on……

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Rail barricades could cut Canadian GDP growth by 0.2 percentage points: RBC

Rail barricades could cut Canadian GDP growth by 0.2 percentage points: RBC

Rail blockades could reduce Canadian GDP growth by 0.2 percentage points in the first quarter, and potentially more the longer they persist, according to a RBC Economics report.Economic activity usually rebounds from temporary factors, pointing to the aftermath of the one-week Canadian National Railway Co. worker strike in November, according to the report published Friday.“A……

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Teck warns Frontier oilsands mine rejection could lead to $1.1 billion in impairment charges

Teck warns Frontier oilsands mine rejection could lead to $1.1 billion in impairment charges

Vancouver-based Teck Resources Ltd. warned Friday it could face a $1.1-billion impairment charge if the federal government rejects its Frontier oilsands project — a proposed $20.6-billion mine capable of producing 260,000 barrels per day, that is raising tensions between Alberta and Ottawa.The federal government is expected to make a decision on the project by the……

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Choke point: How the blockade movement has sent tremors across Canada’s economy and beyond

Choke point: How the blockade movement has sent tremors across Canada’s economy and beyond

Kevin Piper still operates a crane at the Port of Halifax, but with each passing day, there’s less and less work.This week, one of the port’s largest customers, New Jersey–based Atlantic Container Line (ACL), started diverting its ships to ports in the United States after a rail blockade paralyzed much of Eastern Canada, leaving valuable……

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Canadians bought just $1.2-billion worth of legal weed in 2019, but sales ended the year strong

Canadians bought just $1.2-billion worth of legal weed in 2019, but sales ended the year strong

Canadians spent $1.2 billion on non-medical cannabis in the first full calendar year since legalization, a number that fell well short of expectations but that appears set to grow significantly in 2020.A disproportionate amount of sales took place in the latter half of 2019, as supply chain hiccups were smoothed out and the number of……

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Death is no excuse when it comes to paying the taxman his due

Death is no excuse when it comes to paying the taxman his due

You just found out that you, along with your sister, were named as the co-beneficiaries on your late father’s registered retirement income fund (RRIF). You each received nearly $100,000, equal to half the fair market value of your late father’s $200,000 RRIF. You pay off your mortgage, perhaps buy a new car, and go on……

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AIMCo could do for Alberta what the Caisse is doing for Quebec, but minimizing political interference is key

AIMCo could do for Alberta what the Caisse is doing for Quebec, but minimizing political interference is key

Charles Emond, chief executive of Caisse de dépôt et placement de Quebec, one of Canada’s biggest institutional investors, could have called it a week on Monday.That day, the Caisse (or, if you prefer acronyms, CDPQ) helped star-crossed Bombardier Inc. get out of the subway business and bought out the founder of Cirque du Soleil Entertainment……

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Telus CEO threatens 5,000 job cuts if forced to sell access to wireless networks

Telus CEO threatens 5,000 job cuts if forced to sell access to wireless networks

Telus Corp. will cut 5,000 jobs and $1 billion in investment and spending over the next five years if the telecom regulator forces it to sell wholesale access to its wireless network, chief executive Darren Entwistle said Thursday.Entwistle threatened the cuts at a public hearing on wireless services by the Canadian Radio-television and Telecommunications Commission,……

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