North Korea likely behind $100 million Horizon crypto hack: Experts

North Korea likely behind 0 million Horizon crypto hack: Experts

A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Pictures | light rocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, … Read more

Canada’s accounting regulator to review EY after company fined in ethics exam cheating scandal

Canada’s accounting regulator to review EY after company fined in ethics exam cheating scandal

Canada’s audit regulator will ask Ernst & Young if its employees cheated on exams and training courses after the firm was handed a record penalty for allowing hundreds of its workers to do so in the US The US Securities and Exchange Commission announced a US$100-million settlement with E&Y after 49 of its audit professionals … Read more

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

A new report calls on Ottawa to stick to its spending plans amid criticism that the federal government isn’t doing enough to combat surging inflation, while some experts suggest policymakers could crack down on price gouging without adding fuel to the fire. Decades-high inflation levels in Canada have turned up the political heat on Ottawa … Read more

Air Canada announces ‘meaningful reductions’ to July and August flight schedules

Air Canada announces ‘meaningful reductions’ to July and August flight schedules

Air Canada says it is making “meaningful reductions” to flight schedules in July and August this year as delays continue to impact travel. According to an email sent to customers Wednesday night, the reductions are needed to reduce passenger volumes and flows. An Air Canada spokesperson said in an email to the Star most of … Read more

Imperial Oil, ExxonMobil Canada sell Alberta energy assets for $1.7-billion

Imperial Oil, ExxonMobil Canada sell Alberta energy assets for .7-billion

Imperial Oil Ltd. IMO-T and ExxonMobil Canada XOM-N are parting ways with significant shale oil and gas assets they co-own in northwest Alberta’s Montney and Duvernay plays, selling them to Calgary-based Whitecap Resources Inc. WCP-T for $1.7-billion. Whitecap announced the acquisition of XTO Energy Canada Tuesday evening. In an investor call Wednesday, executives said the … Read more

Air Canada to reduce July, August flights in response to travel congestion – National

Air Canada to reduce July, August flights in response to travel congestion – National

Air Canada will make “meaningful reductions” to its flight schedule in July and August to handle ongoing flight delays and airport congestions, according to a statement released on Wednesday. In the statement emailed to customers, Air Canada president and CEO Michael Rousseau said the airline’s operations and its ability to serve customers with its normal … Read more

Crypto risks ‘elevated,’ Bitcoin’s next price support is below $14k, Ethereum’s is below $500 – Fairlead Strategies

Crypto risks ‘elevated,’ Bitcoin’s next price support is below k, Ethereum’s is below 0 – Fairlead Strategies

(Kitco News) Despite being known for its volatility, Bitcoin’s price action has been fairly muted as the world’s largest cryptocurrency is grasping at straws to hold the $20,000 level following June’s selloff. And if this support level fails, it could open the door to $14,000, according to Fairlead Strategies. The crypto market is still reeling … Read more

20 stocks with a history of profitability that could weather a downturn

20 stocks with a history of profitability that could weather a downturn

What are we looking for? High-quality companies garnering positive sentiment from Street analysts. The screen In a recent article, The Globe and Mail highlighted Mark Carney’s thoughts on the state of the Canadian economy and the possibility of a looming recession. In short, Mr. Carney doesn’t think things will be as bad as they were … Read more