Category Archives: Economic

What Purdue Pharma's bankruptcy filing means for Canada

This is an excerpt from Second Opinion, a weekly roundup of eclectic and under-the-radar health and medical science news emailed to subscribers every Saturday morning. If you haven’t subscribed yet, you can do that by clicking here. Purdue Pharma filed for bankruptcy in the U.S. this week to protect itself and its owners from more…

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Scotiabank says no risk to customers after bank's software found on coding website

A Canadian IT consultant is raising the alarm after he says he found some sensitive software code belonging to Scotiabank on a popular online file-sharing repository. Jason Coulls says he found source codes and access keys for some of the bank’s internal systems while searching on GitHub, a popular online tool for software programmers that allows…

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Major oil company plans 7 wells in Alaska petroleum reserve

A major oil company will drill seven new exploratory wells in the National Petroleum Reserve-Alaska. ConocoPhillips is planning the work for this winter, the Alaska Journal of Commerce reported. The wells will be focused on the prospective Harpoon area southwest of the company’s existing projects in the reserve, ConocoPhillips Alaska vice-president Scott Jepsen said during…

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Price-fixing conspiracy lawsuits can go ahead against electronics companies, Supreme Court rules

The Supreme Court of Canada has given the green light to a pair of British Columbia class-action suits alleging a global price-fixing conspiracy by electronics firms. The suits, filed by Whistler, B.C., businessman Neil Godfrey, allege the companies overcharged buyers of optical disc drives and products containing them, such as computers and video-game consoles. The cases, involving…

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