Online discussion forum Reddit went down on Wednesday at the same time as the GameStop trading frenzy returned to Wall Street, with the price of shares in the video game company more than doubling in just a few hours. The stock of GameStop, which has been extremely volatile over the...
Bitcoin and cryptocurrency traders are looking at a sea of red on exchanges today as major cryptocurrencies dive. The bitcoin price has dropped from over $35,000 per bitcoin last night to under $33,000, currently down almost 10% on the last 24 hours in a continuation of a sell-off that's wiped...
Netflix subscribers are being warned about phony text and email messages being sent to subscribers. The company says on its website that some Canadian users are receiving "suspicious" texts and emails asking for their login details. The fake messages tell subscribers their Netflix access has been suspended due to a payment...
Canada's housing sector is facing a “moderate” degree of vulnerability to market instability for the second straight quarter and showing signs of overheating for the first time this year, says the country's housing agency. Canada Mortgage and Housing Corp. said Thursday that the brunt of the risks have been shouldered...
Woman gets $284 billion electric bill, wonders whether it’s her Christmas lights. Mary Horomanski checked her online account this month and found she owed $284 billion to the electric company—a fortune worth more than the national debts of Hungary and South Africa combined, the Erie Times-News reported. The 58-year-old thought putting...
Royal Bank of Canada (RY.TO 0.08%) and Toronto-Dominion Bank (TD.TO 0.39%) raised their posted five-year fixed mortgage rates, increasing borrowing costs for Canadian homebuyers ahead of the Bank of Canada’s interest rate decision next week. RBC raised its posted five-year fixed rate by 15 basis points to 5.14 per cent,...
The commodity-linked Canadian dollar strengthened to a two-year high against its U.S. counterpart on Thursday as investors bet that the rollout of COVID-19 vaccines would boost economic recovery. "The Canadian dollar has been etching out fresh highs each day this week as markets front-run their expectations of the economic recovery...
The B.C. government announced it plans Wednesday to tax Airbnb on short-term rentals and use the anticipated $16 million to fund housing affordability projects. Airbnb has agreed to begin collecting an eight per cent sales tax (PST) and up to three per cent in a municipal and regional district tax...
Shares of Inovio Pharmaceuticals plunged 28.3% on Monday after the biotechnology company announced that the US Food and Drug Administration (FDA) halted the start of the Phase 2/3 trials of its COVID-19 vaccine. The stock dropped another 3.6% in Monday's extended market session. Inovio (INO) said that the US regulatory...
Pierce Brosnan told India health officials that a brand there "cheated" him by linking the British actor to a product with a reported association with an addictive form of tobacco, the BBC News reported. In 2016, Brosnan agreed to advertise a so-called breath freshener/tooth whitener for an Indian company called...