Business

Air Canada suspends financial forecast for 2019 after Boeing 737 Max grounded

Analyst Walter Spracklin of RBC Dominion Securities advised investors not to be alarmed

Imperial Oil slows development of Aspen project, cites Alberta production cuts

Project was previously projected to add 75,000 barrels per day of bitumen production

Rising global debt holding back growth, opening up vulnerabilities: central bank

U.S.-China trade war, expanding global geopolitical unrest have been key worries for the Bank of Canada

Facebook says outages due to ‘server configuration change’

Outages affected Facebook, Messenger, Instagram and WhatsApp

Canada’s Big 5 bank CEOs pay rises 6.5% to earn $54M in 2018

Volatility in equity markets last year also put pressure on the banks’ valuations

U.S. grounding of Boeing jet shows limits of company’s clout

President Donald Trump announced the 737 Max 8 and Max 9 jets in the U.S. were being grounded

Air Canada, WestJet expected to take financial hit from 737 Max 8 ban

The ban comes four days after the Ethiopian Airlines disaster that killed all 157 people on board

Amazon removes books that promoted an autism ‘cure’

An Amazon.com Inc. spokeswoman confirmed the books were no longer available

Most expensive new car ever: Bugatti sells for $19 million

A one-off Bugatti luxury sports car displayed at the Geneva auto show has sold for $18.9 million

Pengrowth launches review after debt refinancing fails amid plunging oil prices

Shares in Pengrowth plunged by as much as 29 per cent to 51 cents in early trading on stock exchange

Central bank holds rate, notes ‘increased uncertainty’ on timing of future hikes

Central bank’s trend-setting interest rate is staying at 1.75 per cent for a third-straight announcement

China revokes Canadian canola permit as dispute escalates

Richardson International Ltd. said its permit to export canola to China has been revoked

Cat-phishing tops list of Better Business Bureau’s 10 scams of 2018

More than 50,000 scams were reported across Canada last year

eBay rethinking future of StubHub and classified business

eBay Inc. is also adding Jesse Cohn of Elliott and Matt Murphy of Marvell Technology to its board

Gap to split, with Old Navy getting independence

Retailer to also close 230 Gap brand stores over the next two years

Amazon wrestling with counterfeit products

Amazon seeks to to crack down on counterfeits