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Court allows $100-million lawsuit against securities commission to proceed

Court allows $100-million lawsuit against securities commission to proceed

TORONTO — A malicious prosecution lawsuit against securities regulators can go ahead, Ontario's top court ruled on Thursday in remitting the case for a hearing on its merits.
Becerra confirmed to shepherd Biden's ambitious health plans

Becerra confirmed to shepherd Biden's ambitious health plans

WASHINGTON — The Senate on Thursday confirmed California Attorney General Xavier Becerra as President Joe Biden's health secretary, filling a key position in the administration's coronavirus response and its ambitious push to lower drug costs, expand
Topaz Energy raises its 2021 guidance, signals intent to grow by acquisition

Topaz Energy raises its 2021 guidance, signals intent to grow by acquisition

CALGARY — Topaz Energy Corp. is raising its 2021 guidance to recognize recent acquisitions and signalling its intent to continue to be a buyer following its $250-million initial public offering in October.
Restaurants in the 3rd wave: "The question isn't can you survive but do you want to"

Restaurants in the 3rd wave: "The question isn't can you survive but do you want to"

Restaurant operators are calling the threat of a third wave of COVID-19 a "do-or-die moment" for the food service industry as it faces another potential round of restrictions.
Centerra Gold disputes tax claims by Kyrgyz Republic State Tax Service

Centerra Gold disputes tax claims by Kyrgyz Republic State Tax Service

TORONTO — Centerra Gold Inc. says it believes tax claims by the Kyrgyz Republic State Tax Service are exaggerated or without merit. The gold miner says its Kyrgyz Republic subsidiary, Kumtor Gold Co.
Bank of England: Cautious optimism over UK economic outlook

Bank of England: Cautious optimism over UK economic outlook

LONDON — The Bank of England voiced cautious optimism Thursday about the U.K.'s economic outlook in the wake of a sharp fall in coronavirus infections and the rapid rollout of the nation's COVID-19 vaccination program.
US jobless claims rise to 770,000 with layoffs still high

US jobless claims rise to 770,000 with layoffs still high

WASHINGTON — The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession.

ASC orders lifetime bans, penalties in Bluforest pump-and-dump scheme

CALGARY — The Alberta Securities Commission has ordered permanent market access bans against Cem (Jim) Can, Charles Michael Miller and Bluforest Inc. after finding they acted fraudulently in a pump-and-dump stock market manipulation scheme.
David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

TORONTO — David Lobo has been named interim president and chief executive of Ontario's cannabis distributor. Lobo has been with the Ontario Cannabis Store since its inception and most recently served as its chief merchandising officer.
Ottawa invests $50.5M in Moltex Energy Canada to develop nuclear reactor technology

Ottawa invests $50.5M in Moltex Energy Canada to develop nuclear reactor technology

SAINT JOHN, N.B. — Ottawa is investing $50.5 million in Moltex Energy Canada Inc. to help in the development of the company's stable salt nuclear reactor and spent fuel recycling technology. The money includes $47.
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