Month: January 2021

Tech

The 5-minute shopping spree. How robots are turbo-charging your online orders

The ‘fourth’ industrial revolution, or Industry 4.0, is all about automation, machine learning, robotics and artificial intelligence. Is Canada keeping…

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Business

The pandemic housing craze is fuelling another boom: reverse mortgages

Low interest rates and soaring home prices are driving new demand for reverse mortgages, lenders say. Read More source

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Tech

Facebook says it’s no longer sustainable for social media giants to self-police content

The social media giant said it was welcoming work by the federal Liberal government to police hate speech, child pornography…

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Business

GameStop frenzy explained: How small investors on Reddit took on Wall Street

Here’s a breakdown of what’s behind the rise of GameStop and other stocks this week. Read More source

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Business

Canada’s GDP grew 0.7% in November, topping expectations

The Canadian economy approached the end of the year in better shape than economists’ had projected. Read More source

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Business

GameStop rallies after Thursday’s slump as Robinhood eases trading restrictions

Shares in the video game store chain and headphone maker Koss Corp both doubled in early deals after slumping on…

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Business

GameStop frenzy is stock market gambling, WallStreetBets founder says

Jaime Rogozinski, who founded the Reddit group at the centre of the stock-trading frenzy, believes most of the investors who…

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Business

GameStop, BlackBerry stocks sink as Robinhood, Interactive Brokers restrict trading

GameStop and AMC Entertainment shares sank on Thursday as online brokerages Robinhood Markets Inc and Interactive Brokers restricted trading in…

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Business

Singh says day traders are ‘not the problem,’ but rather Wall Street amid GameStop push

NDP Leader Jagmeet Singh says that hedge funds, not individual day traders, are the problem following a volatile week on…

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Business

Wall Street titans lose more than US$70B amid Reddit frenzy that fuelled GameStop and others

Some stocks such as GameStop have jumped more than 1,000% in the past week, driven primarily by retail investors sharing…

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Business

Robinhood, Interactive Brokers restrict trading on GameStop, BlackBerry and other stocks

The move comes after social media chatter fuelled outside gains for companies that have been recent targets of short-selling. Read…

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Tech

New maritime cybersecurity centre to fight pirates on the high seas and the digital world

“It’s time to do something, because the shipping industry is still lagging behind, technologically,” said Jeremy Citone. “It’s time for…

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Business

U.S. Fed holds key rate near zero, says economic recovery has ‘moderated’

The U.S. Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its…

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Business

GameStop, BlackBerry, AMC stocks see trading halts as social media hype drives volatility

All three companies have seen record rallies over the past few days that were likely driven by a social media-fuelled…

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Business

Liberals unveil details of $1 million loan fund for hard-hit businesses 

The new loans, from the Highly Affected Sectors Credit Availability Program (HASCAP), will open for applications on Monday. Read More…

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Tech

3 men paying $55M each to fly introduced as SpaceX’s first private space crew

They’ll be led by a former NASA astronaut now working for Axiom Space, the Houston company that arranged the trip…

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Business

IMF slashes Canada’s economic outlook, but boosts global growth forecast for 2021

The IMF said multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes of…

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Business

Great Canadian Gaming president and CEO Rod Baker resigns

Great Canadian says Terrance Doyle, president of strategic growth and chief compliance officer, has been appointed as interim chief executive.…

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