Social media sites like Facebook take in biggest portion of federal ad dollars

OTTAWA -- Social media websites like Facebook and Twitter now take in the lion's share of federal advertising dollars, thanks to an ongoing increase in the use of digital advertising by government departments and agencies.

See Full Article



Advertisements

Latest Economic News

  • Appeals court weighs Trump permit for Keystone XL pipeline

    Economic CTV News
    In this Nov. 3, 2015 file photo, the Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, is seen in Steele City, Neb. (AP Photo/Nati Harnik, File) Source
  • End of the line for BBM as Emtek pulls plug on consumer messaging app

    Economic CBC News
    Brace yourself, BBMers: the company that runs the iconic messaging app invented by BlackBerry more than a decade ago is ending the free version of the service for consumers. Indonesian media conglomerate Emtek partnered with Waterloo-based BlackBerry in 2016 to expand the company's BBM messaging service to new customers, and add new functionality. Source
  • New Mexico panel blindsides Facebook with US$39M utility bill

    Economic CTV News
    FILE - In this April 18, 2017 file photo, conference workers speak in front of a demo booth at Facebook's annual F8 developer conference, in San Jose, Calif. (AP Photo/Noah Berger, File) Source
  • Ontario court upholds stay of legal proceedings against 3 tobacco companies

    Economic CTV News
    TORONTO - An Ontario court has upheld an order that suspended legal proceedings against three major tobacco companies, rejecting arguments from lawyers representing Quebec smokers. Ontario Superior Court Justice Thomas McEwen issued his decision Wednesday but did not lay out his reasons, saying those would be released at a later date. Source
  • CRA's automatic benefit registrations give retirees reason to file on time

    Economic CTV News
    TORONTO -- This is the time of year when procrastinators begin to fret about filing their income tax forms with Canada Revenue Agency by April 30. Of course, there are many reasons to file on time -- such as avoiding expensive late fees and receiving tax refunds promptly. Source
  • Lab-grown meat companies see opportunity for growth in Canada

    Economic CTV News
    VANCOUVER -- Canadian companies plan to serve up chicken, beef burgers and mouse-meat cat treats in the coming years, all without the need to slaughter a single animal. Entrepreneurs see an opportunity where there's been a dearth of lab-grown meat startups that proliferated in the U.S. Source
  • Canopy Growth to buy U.S. cannabis company Acreage Holdings — but only if U.S. legalization happens

    Economic CBC News
    Canopy Growth Corp. has signed an agreement to buy U.S. company Acreage Holdings Inc in a deal valued at $3.4 billion US if cannabis becomes federally legal in the United States. Bruce Linton, Canopy's chairman and co-chief executive, says the deal secures the company's entrance strategy into the United States as soon as a federally-permissible pathway exists. Source
  • Canada exempts $110M more of U.S. imports from retaliatory tariffs

    Economic CBC News
    Earlier this week, the Finance Department quietly added $110 million worth of products and businesses to its list of exemptions from Canada's retaliatory tariffs on U.S. imports. While this relief may protect jobs in Canada, it undermines political pressure the Trudeau government wants to keep on the Trump administration by making it less costly to continue to import certain American goods. Source
  • Wisconsin seeks to claw back Foxconn tax breaks after company reneges on job promises

    Economic CBC News
    Wisconsin's governor said on Wednesday he wants to renegotiate the state's contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state. Democratic Governor Tony Evers, who took office in January, inherited a deal to give Foxconn around $4 billion in tax breaks and other incentives that was championed by Scott Walker, Evers' Republican predecessor. Source
  • Retail sales rose 0.8 per cent in February: StatCan

    Economic CTV News
    OTTAWA - Statistics Canada says retail sales rose 0.8 per cent in February to $50.6 billion, the first increase since October. Economists had expected an increase of 0.4 per cent, according to Thomson Reuters Eikon. Source