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Meta Platforms agreed to pay a maximum US$16.68-billion and make major changes to Facebook and Instagram to resolve claims by states across the U.S. that the company designed those platforms to addict children, misled consumers about their safety and improperly collected children’s personal data.
Just last week, automakers were hoping summer U.S.-Canada trade talks would deliver relief from Washington’s 25 per cent tariffs that have raised the cost of shipping vehicles and parts across the border.
Canada’s aluminum industry is not worried about U.S. tariffs continuing into the new year.
The federal broadcast regulator will go ahead with the process to put rules in place around Canadian content on streaming services, after such efforts played a role in ending trade talks with the U.S.
The U.S. stock market is drifting Wednesday after a report said inflation was a touch worse last month than economists expected.
Canada’s main stock index fell, weighed down by losses in the base metal and technology sectors, while U.S. stock markets also moved lower.
Loblaw Cos. Ltd. says it is bringing back T symbols to its grocery shelf labels to signal products affected by tariffs as the Canada-U.S. trade war escalates.
The U.S. economy grew at a sluggish 1.5 per cent pace from April through June. But consumer spending stayed strong.
Two Air Canada employees have been arrested in connection with cocaine and cannabis trafficking through the Montréal-Pierre Elliott Trudeau International Airport, according to the Royal Canadian Mounted Police.
Folgers coffee maker J.M. Smucker on Wednesday forecast a smaller-than-expected decline in annual sales, benefitting from steady demand for its ready-to-eat meals and coffee.
National Bank of Canada reported its third-quarter profit rose more than 20 per cent compared with a year ago, helped by a strong performance across its business.
Calian Group Ltd. has signed a deal to sell its U.S. commercial IT business based in Houston to Trace3, a California-based technology consultancy.
Pipeline operator Enbridge said on Wednesday it would acquire Salt Creek Midstream’s crude oil gathering business for US$600 million in cash, expanding its presence in the crude-rich Permian Basin.
Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets.
Nigeria’s Dangote Refinery, the largest on the continent, is expected in October to seek to raise around US$5 billion in Africa’s biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war.
Hyundai Motor said on Wednesday it would launch or refresh more than 100 vehicles globally by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent.
