The People’s Bank of China will inject 1.2 trillion yuan (around 228 billion Cdn) worth of liquidity into the markets via reverse repo operations on Monday, as the country combats the novel coronavirus. The measure aims at maintaining the liquidity of the banking system and the stability of the monetary market during theRead More →

The company that made an international splash by air conditioning downtown Toronto without air conditioners has more energy-saving innovations in the works. With the help of a gigantic purpose-built thermal reservoir, Enwave Energy will add an entire new neighbourhood to its underground low-carbon heating and cooling network with the project called The Well onRead More →

One of the reasons people are worried climate change will be almost impossible to stop is that pumping carbon into the atmosphere is simply way too profitable. Even as new reports yesterday from NASA and the British weather service showed climate change had created the hottest decade in history, according toRead More →

A week after a malicious virus infected its network, the London-based foreign currency exchange company Travelex had yet to restore digital sales and was reported infected with ransomware by hackers threatening to release personal data unless it pays a $3 million ransom. The U.K.-based security website BleepingComputer said hackers claimedRead More →

The U.S. Federal Reserve Board’s policy-making committee saw much less risk of recession at its most recent meeting in December, when it kept interest rates steady after three straight cuts and signalled that it expected to keep low rates unchanged through this year. Minutes of the December meeting, released Friday,Read More →

The parent company of Tim Hortons has announced that the coffee-and-doughnut chain’s global brand president is leaving. Restaurant Brands International CEO Jose Cil said in a news release that Alex Macedo has chosen to leave the company in March 2020. The release said Axel Schwan, who had been appointed regional president ofRead More →

Boeing Co. documents now under review by a U.S. government committee appear to point to a “very disturbing” picture of commentary from the planemaker’s employees over the grounded 737 Max aircraft, a House of Representatives transportation infrastructure committee aide said on Tuesday. The documents, submitted to the committee late onRead More →