Trouble ahead? 4 of Canada’s big banks downgraded by Barclays stock analyst

Barclays has downgraded its outlook on four of Canada’s big banks, saying the country’s slowing economy leaves little upside potential for the banks. Analyst John Aiken of Barclays has downgraded stock to underweight for Bank of Montreal, Laurentian Bank, Royal Bank and TD Bank. In a report released Friday, Aiken said the Bank of Canada’s […]

Climbing Niagara Falls ice wall: ‘It vibrates your intestines’

On mobile? Watch climb here Daredevil adventurer Will Gadd has become the first person to climb a wall of spray ice at the edge of Niagara’s Horseshoe Falls. The Alberta man — named National Geographic’s adventurer of the year in 2015 — made the climb Jan. 27. Gadd, 47, was followed by another Canadian, Sarah […]

Civil action dropped against B.C. pipeline protesters

In what one anti-pipeline activist is calling a “PR move,” Trans Mountain said it will not pursue its civil action against five Burnaby Mountain protesters named in a multimillion-dollar lawsuit. Over 70 people were arrested during the bitter protests in November and December that aimed to stop the company’s pipeline exploration work on the mountain. In […]

Jail guards to get OT so Ontario inmates can watch Super Bowl

Correctional officers at the Southwest Detention Centre in Windsor, Ont., will be paid overtime to supervise inmates who watch Super Bowl XLIX this Sunday. Kickoff between the Seattle Seahawks and the New England Patriots is 6:30 p.m. ET, after the inmates’ normal lockup time. “A small number of staff at the Southwest Detention Centre have agreed […]

Tailings pond dam that breached was like a ‘loaded gun,’ says panel

An independent investigation has determined the breach of the Mount Polley mine tailings dam in B.C. was caused by a failure to detect a weak layer in its foundation, likening the massive embankment to a “loaded gun.” Full coverage | Mount Polley spill Read the panel’s summary of the report The report, which was released […]

Fracking called likely cause of earthquakes in northern Alberta

Alberta’s provincial energy regulator says a significant earthquake in northern Alberta was likely caused by hydraulic fracturing. If fracturing is confirmed as the cause, scientists say, it will have been the largest earthquake ever to result from an industrial operation. Residents in the town of Fox Creek noticed the earthquake a week ago on Jan. 22. It was […]

Medical marijuana easily ‘dispensed’ in Vancouver

Marijuana is being openly sold in specialty stores in Vancouver under the guise of a government-approved system meant to limit sales for medical use only, a documentary by the CBC’s fifth estate shows.  Medical marijuana has been legally sold in Canada since 2001 under strict government guidelines and only under authorization from a physician. But the fifth estate’s […]

Tony Merchant’s law firm overbilled, falsified documents, Ottawa alleges

The federal government has filed a $25-million statement of claim accusing Tony Merchant’s law firm of overbilling for legal services and falsifying documents to cover it up, in a scheme to defraud Canada. The civil suit, filed in the Court of Queen’s Bench for Saskatchewan, claims the Merchant Law Group should repay $25 million, plus […]

‘Broadband’ as defined by U.S. now 5 times faster than in Canada

Internet speed now has to be a lot faster in order to qualify as advanced broadband in the U.S. — five times faster than high-speed broadband in Canada. The U.S. telecommunications regulator announced this week that in order to meet its new “broadband benchmark,” an internet service now has to be able to support downloads of 25 […]

PM takes aim at terror, and opposition gets dinged

The rollout of the federal government’s new terror legislation went fine. The prime minister’s speech was clear and well staged. A friendly crowd applauded on cue. His pose was the stern statesman, on guard for thee. But, it wasn’t all statesman, all the time. It’s still an election year and Stephen Harper did not forget […]