Quebec out of the race for Volkswagen gigafactory: Report
An unnamed government source said the German automaker’s battery-plant site search is now focused on Ontario. (La Presse)
An unnamed government source said the German automaker’s battery-plant site search is now focused on Ontario. (La Presse)
The latest Statistics Canada figures show that economic growth slowed from 0.2 per cent in September, as an expansion in the service industry offset a decline in the mining and energy sectors. The agency expects GDP to grow 0.1 per cent in November, according to preliminary data. (The Logic)
The proposed settlement would provide payouts to U.S.-based Facebook users in what plaintiffs say could be the largest U.S. class-action privacy settlement to date. The company had agreed to a preliminary settlement in August, but had not provided financial details. (The Wall Street Journal)
In a filing Thursday, Microsoft said it’s buying Activision Blizzard to improve its mobile-entertainment offerings, and noted that it’s offered a deal to keep Call of Duty titles on rival Sony’s consoles. The U.S. Federal Trade Commission (FTC) is seeking to prevent the US$68.7-billion takeover. (The Logic, CNBC)
The American football league and Alphabet-owned division announced the partnership to make out-of-market Sunday afternoon NFL games available on YouTube TV and YouTube Primetime Channels beginning in the 2023 season. The seven-year deal is worth roughly US$2 billion a year, and could rise if certain goals are reached, The Wall Street Journal reported. (The Logic, The Wall Street Journal)
Forbes reported that three of its reporters, formerly at BuzzFeed News, were targets. ByteDance itself said some staff had accessed the information of one journalist each at BuzzFeed and the Financial Times. (Forbes, The New York Times)
The open-pit Sukunka mine west of Tumbler Ridge would endanger caribou herds and grizzly bears, leave mercury and selenium in water, and infringe on First Nations rights to land uses such as hunting, and the harms couldn’t be adequately mitigated, the two levels of government found in a joint environmental assessment. The Logic reached out to Glencore for comment but was unable to reach a spokesperson. (The Logic)
Citing safety reasons, the regulator said Thursday new hybrid and electric vehicles sold in Canada will be required to have minimum levels of noise, and “the volume and pitch must allow a road user to hear if a vehicle is speeding up or slowing down.” (The Logic)
The Toronto-based crypto company, which trades on the Neo Exchange, is also exploring other strategic alternatives to maximize shareholder value, which could include a merger, divestiture or return of capital. (The Logic)
The Toronto-based propane and distillates distributor will take an $853-million equity stake in Certarus under the deal, and assume all remaining debt. Certarus shareholders will receive $353 million in cash and $500 million in common Superior shares priced at $10.25 apiece. (The Logic)