Ontario Premier Kathleen Wynne appointed a new cabinet today, making her deputy premier the head of the Treasury Board as Canada’s most populous province looks to close a C$12.5 billion ($11.6 billion) budget gap.
Jim Flaherty, one of Canada’s longest-serving finance ministers who helped the country stave off the worst of the global financial crisis, announced his resignation from cabinet to seek work in the private sector.
China-based hackers looking to derail the $40 billion acquisition of the world’s largest potash producer by an Australian mining giant zeroed in on offices on Toronto’s Bay Street, home of the Canadian law firms handling the deal.
Barrick Gold Corp. and Visa Canada Corp. are exploiting an exemption in ethics legislation to hire former Harper administration aides as lobbyists, triggering calls for increased regulation as Canadian lawmakers prepare to review the rules.
The Canadian government is linking the performance pay of senior government workers to its effort to cut spending as it seeks to eliminate its budget deficit, Treasury Board President Tony Clement said.
Samsung Electronics Co. must stop importing some models of smartphones and tablet computers into the U.S. after President Barack Obama’s administration upheld a ban won by Apple Inc. in a patent-infringement dispute.