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What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice

What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice

TORONTO — A recent share-price rally, then plunge, in typically sleepy companies such as GameStop has put a spotlight on a long-standing stock market practice called short selling.
Federal Liberals tap Tamara Vrooman to chair board of infrastructure financing agency

Federal Liberals tap Tamara Vrooman to chair board of infrastructure financing agency

OTTAWA — The federal government is naming the Tamara Vrooman, CEO of Vancouver's airport, as the new chair of its infrastructure financing agency that is about to embark on a push to aid the economy.
From double-masking to medical-grade masks, is it time to ramp up protection?

From double-masking to medical-grade masks, is it time to ramp up protection?

Increasing concerns over more infectious COVID-19 variants has led some to wonder whether our face masks need an upgrade. Should we layer two masks on top of each other, as politicians and spectators at the U.S.
IMF: Vaccines will power 5.5% global economic growth in 2021

IMF: Vaccines will power 5.5% global economic growth in 2021

WASHINGTON — The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday. After sinking 3.5% in 2020, the worst year since World War II, the global economy will grow 5.
Apple CEO lambasts tech rivals ahead of privacy update

Apple CEO lambasts tech rivals ahead of privacy update

SAN RAMON, Calif.
General Motors sets goal of going largely electric by 2035

General Motors sets goal of going largely electric by 2035

General Motors has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.
Rogers Communications refrains from 2021 guidance on continuing impact of COVID-19

Rogers Communications refrains from 2021 guidance on continuing impact of COVID-19

TORONTO — Rogers Communications Inc.'s isn't providing financial guidance for 2021 amid ongoing uncertainty about COVID-19, which had a big impact last year including its fourth-quarter results released Thursday.
Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted

Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted

CALGARY — Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.'s takeover of rival Husky Energy Inc.
Amazon asks for block on shareholder hate speech proposal

Amazon asks for block on shareholder hate speech proposal

Seattle-based Amazon.com, Inc. has asked federal regulators to block multiple shareholder proposals addressing criticism of company stances on curbing hate speech, diversity in hiring, workplace conditions and surveillance technologies.
US economy shrank 3.5% in 2020 after growing 4% last quarter

US economy shrank 3.5% in 2020 after growing 4% last quarter

WASHINGTON — Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.