Category: Blog

Rogers offering buyouts to about 10,000 employees as it aims to cut spending

An aerial image of an octagonal concrete tower, with windows running down each side, and a green roof that comes to a point on the top. On the roof is a big sign with the name "Rogers" in big red letters with a circular red logo to the left.

Telecommunications, media and sports giant Rogers Communications Inc. confirmed to CBC News on Monday that it is offering voluntary buyouts to about 10,000 eligible employees.

Shell to buy ARC Resources in deal valued at $22B including debt

A logo of a scallop shell is pictured on a sign.

Oil giant Shell is acquiring Canadian energy company ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt.

Elon Musk, Sam Altman head to court in trial over Open AI’s founding vision

a composite image of two men with dark hair. the one on the left is wearing a black tshirt and speaking into a microphone, the other is wearing a suit in front of a red background

Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred their once-shared vision for the development of artificial intelligence.

Carney announces creation of Canada’s first sovereign wealth fund

Mark Carney stands at a podium speaking to reporters.

Prime Minister Mark Carney has unveiled his plan to create Canada’s first sovereign wealth fund.

Many Canadians have avoided the U.S. for over a year. Have we reached the point of no return?

Bruce Newman and his wife standing in front of the Prince of Wales Theatre in London.

The ongoing U.S. travel boycott is showing no signs of letting up. March marked the 14th consecutive month of steep declines, with Canadian return trips to the U.S. plummeting 32 per cent compared to pre-boycott March 2024. Canadians are still travelling, but more are opting for domestic and overseas trips.

Oil producers to begin unveiling profits and spending plans

Three brown oil pumpjacks are shown with a blue sky in the background.

Canadian oil producers will provide a first glimpse this week at how the spike in energy prices is boosting their bottom line and what they intend to do with the bumper profits.

Alberta Energy Regulator orders MAGA Energy to suspend operations over ‘failure to meet its commitments’

A chain-link fence around an oilwell with a sign that reads MAGA Energy.

The Alberta Energy Regulator has ordered oil and gas firm MAGA Energy Ltd. to suspend its operations over unresolved environmental concerns and non-compliance issues, including unpaid taxes.

Criminal probe into Federal Reserve chairman Jerome Powell is ending, U.S. Justice Dept. says

A white-haired man in a suit and tie is shown in closeup, lifting his right hand to make a gesture.

The Justice Department is ‌closing its investigation ​into cost overruns ​in renovations at the ​Federal Reserve under chairman ‌Jerome Powell, U.S. Attorney Jeanine Pirro said on Friday.

Ticketmaster delists Ontario resale tickets after omnibus budget bill passed

closeup of ticket that says ticketmaster on stub

Ticketmaster Canada is delisting resale tickets that customers have posted for Ontario events as it prepares to comply with incoming provincial legislation.

Meta to cut 8,000 jobs, Microsoft to offer voluntary buyouts for thousands

Blue lettering spells out the word Meta on a black background.

Meta is laying off about 8,000 workers, or about 10 per cent of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.