Regulation
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U.S. investigating whether Russians funded anti-oil protests in North America
Lawmakers have asked online giants Facebook, Twitter, and Google, for data on any Russian purchases of anti-oil and anti-fracking ads, saying “Russia’s meddling in the U.S. energy market is well documented”
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Nissan recalls 1.2M cars in Japan that weren’t properly inspected
The recalls and re-inspections, which occurred at all six Nissan plants in Japan, are estimated to cost the automaker about US$222 million, but the final costs remain unclear
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Liberal lawyers find loophole, request acquittal in election bribery trial
Lawyers representing Pat Sorbara and Gerry Lougheed called on the judge to toss the case before the defence has called any witnesses
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Fiat Chrysler fined $140K for worker injury at Brampton, Ont. car plant
A worker suffered head injuries after being hit with a clutch spring assembly when performing maintenance on a transfer press
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Italian tire maker Pirelli valued at US$7.67B in IPO
The Milan-based company, which had been taken over two years ago by state-owned China National Chemical Corp.
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India’s economic prospects looking dire, raising spectre of ‘major depression’
After hasty overhauls of the nation’s currency and sales tax system, private investment in India has tanked and industrial production has collapsed, with many warning of a severe economic crash
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Canadian universal pharmacare could save more than $4B in drug costs: PBO
The plan, however, would cost $19 billion and Ottawa has been reluctant to commit. Meanwhile, Canada is the only country with universal health care but no universal pharmacare system, the NDP health critic said
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Volkswagen takes US$2.9B charge for diesel retrofits
The company has been under a cloud since 2015 over its equipping of diesel cars with illegal software that enabled cheating on U.S. emissions tests
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Morneau hints at ‘technical fixes’ to small biz tax proposal
The statement marks the first time Morneau has hinted at flexibility in the plan, which caused a backlash from angry business owners; Farmers say the proposed changes would tax families twice for passing down farms to their children
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Feds approve Superior Plus $412M acquisition of Gibson Energy
To win approval, Toronto-based Superior agreed to sell retail propane locations and other assets in B.C., Alberta, Saskatchewan, northern Ontario and the Northwest Territories