Business

Big banks cut prime rates to 2.45? ter Bank of Canada’s surprise relocation

TORONTO — Canada’s top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic.Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia , Bank of Montreal and Canadian Imperial Bank…

Microsoft to divest AnyVision stake, end face recognition investing

Microsoft Corp on Friday said it would sell its stake in AnyVision, an Israeli facial recognition startup, and said it no longer would make minority investments in companies that sell the controversial technology.The decision marks a policy change for the Redmond, Washington-based software maker, which has aimed to shape how the technology industry approaches facial…

David Rosenberg: Healing looms, but you’ll need to wait on it

There’s an old saying, “Don’t fight the Fed,” but in the current environment, it’s “Don’t fight the Fed and the Feds.”There’s a battle going on between the extent of the damage being done to the economy by the coronavirus and the massive response. We have to be open-minded and acknowledge that there are still many…

Workers Critical to Food Supply Starting to Fall In poor health…

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5 advantages to coding you most likely didn’t learn about

This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.In the digital age, code is everywhere. It makes up the backbone of the internet, all of our…

Old innovation holding Ontario’s justice system back during COVID-19 crisis

The unprecedented directive to minimize social contact in an effort to battle the novel coronavirus pandemic is having a significant effect on the Ontario justice system, forcing the courts to curtail operations for weeks, if not months.The Chief Justice of the Superior Court of Justice, Geoffrey Morawetz, has issued a series of notices outlining the…

Toronto mayor withdraws claims city is gathering cellular phone area information in COVID-19 fight

Toronto Mayor John Tory has walked back public claims he made Monday that the city was gathering cellphone data from telecommunications companies to spot places where residents continue to gather despite social-distancing measures to slow the spread of COVID-19.As first reported by The Logic, Tory told thousands of attendees of an online event hosted by…

Canada’s huge banks have actually already fielded 213,000 ask for mortgage deferments under coronavirus-relief strategy

Canada’s biggest banks have fielded hundreds of thousands of requests from homeowners seeking to hold off making mortgage payments under a new coronavirus-related relief plan.More than 213,000 requests to defer payments have been completed or are being processed since the country’s six largest banks announced the plan last week, Mathieu Labreche, a spokesman for the…

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