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Tuesday, January 19, 2021
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ENA News

National news Agency of Bangladesh Since 1971

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January 19, 2021, 7:57 am
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Business

Business 

Unifor members approve pact that will see GM invest $1B in CAMI plant

January 18, 2021 omarmallick 0 Comments

Unifor members have voted to approve General Motors Canada’s plan to invest $1 billion in an electric vehicle plant in

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Business 

Impeachment will further obscure Trump’s contested economic legacy

January 18, 2021 omarmallick 0 Comments

President Donald Trump claimed to support the little guy against the elite. But after four years in power, examination of

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Business 

B.C. billionaire given the green light to sue Twitter over ‘Pizzagate’ tweets

January 18, 2021 omarmallick 0 Comments

West Vancouver billionaire Frank Giustra has been given the go-ahead to sue Twitter in a B.C. courtroom over the social

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Business 

Biden announces new vaccine czar, massive spending to stem COVID-19 ‘suffering’ in U.S.

January 17, 2021 omarmallick 0 Comments

U.S. president-elect Joe Biden has picked a former Food and Drug commissioner to lead vaccine science as part of his

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Business 

Couche-Tard drops bid to take over Carrefour: sources

January 17, 2021 omarmallick 0 Comments

Canada’s Alimentation Couche-Tard has dropped its 16.2 billion euro ($24.9 billion Cdn) bid to acquire European retailer Carrefour SA after the

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Business 

GM, Unifor reach tentative deal to build electric delivery vans in Ontario

January 17, 2021 omarmallick 0 Comments

GM Canada says it has reached a tentative deal with Unifor that, if ratified, will see it invest $1 billion to transform

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Business 

Trudeau ‘open to strengthening’ international travel measures as new COVID-19 variants emerge

January 16, 2021 omarmallick 0 Comments

Prime Minister Justin Trudeau said today the federal government is open to strengthening pandemic restrictions on international travel as concerns

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Business 

COVID-19 changed how we work. Will it stick?

January 16, 2021 omarmallick 0 Comments

How we work was heating up to be an important debate long before the pandemic added rocket fuel to remote

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Business 

Alberta drafts Capitol Hill operatives as it seeks support for Keystone XL, trade issues

January 16, 2021 omarmallick 0 Comments

Alberta’s United Conservative government is hiring influential Capitol Hill lobbyists and communications experts as it seeks to win support in Washington, D.C.,

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Business 

Canadian home sales see a record December — and a record 2020

January 15, 2021 omarmallick 0 Comments

National home sales set an all-time record in December, the Canadian Real Estate Association reported Friday. Sales were up 47.2 per

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Business 

Canadian cannabis company Aphria eyes U.S. market as Biden presidency approaches

January 15, 2021 omarmallick 0 Comments

Aphria Inc. chief executive Irwin Simon is seeing green as Democrat Joe Biden prepares to be sworn in as president

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Business 

Republicans face financial fallout after Capitol Hill riots

January 15, 2021 omarmallick 0 Comments

While the violent and deadly attack on the U.S. Capitol last week has resulted in a growing number of arrests, more

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Business 

U.S. jobless numbers surge as worsening COVID-19 pandemic hurts businesses

January 14, 2021 omarmallick 0 Comments

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labour market conditions

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Business 

WhatsApp growth slumps after confusing privacy policy update, as rivals Signal, Telegram surge

January 14, 2021 omarmallick 0 Comments

Encrypted messaging apps Signal and Telegram are seeing huge upticks in downloads from Apple and Google’s app stores. Facebook-owned WhatsApp,

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Business 

Airbnb blocking, cancelling D.C. reservations ahead of Joe Biden’s inauguration

January 14, 2021 omarmallick 0 Comments

Airbnb has been cancelling home-sharing reservations in the Washington area for the week of president-elect Joe Biden’s inauguration after law enforcement

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Business 

Federal government moves to seal off Canadian companies from human rights violations in China

January 13, 2021 omarmallick 0 Comments

The federal government announced a suite of new regulations today meant to ensure that Canadian companies are not complicit in

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Business 

Canada-U.S. border to remain closed until at least Feb. 21

January 13, 2021 omarmallick 0 Comments

The Canada-U.S. border will remain closed to non-essential travel until at least Feb. 21. Public Safety Minister Bill Blair today announced

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Business 

Las Vegas casino mogul and Republican donor Sheldon Adelson dead at 87

January 12, 2021 omarmallick 0 Comments

American casino mogul Sheldon Adelson, who built lavish gambling palaces that made him one of the world’s richest men and

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Business 

TD Bank faces Ponzi scheme liquidators seeking $5.7B in trial

January 12, 2021 omarmallick 0 Comments

TD Bank should be held liable for more than $5.7 billion Cdn of losses at the collapsed Antigua bank of former Texas

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Business 

Canada’s top banks say spending not likely to pick up until late this year

January 12, 2021 omarmallick 0 Comments

The leaders of Canada’s top banks believe an economic rebound is on the horizon, but say the short-term looks difficult

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Business 

Marriott, Citigroup among businesses pausing U.S. political donations after Capitol siege

January 11, 2021 omarmallick 0 Comments

Businesses are rethinking political contributions in the wake of the deadly U.S. Capitol siege by President Donald Trump’s supporters on

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Business 

Can Wall Street help us find the true price of water?

January 11, 2021 omarmallick 0 Comments

You could be forgiven if, amid the recent chaos of COVID-19 and U.S. politics, you missed some news related to what

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Business 

Where is Jack Ma? Chinese billionaire goes silent after Beijing cracks down on his empire

January 11, 2021 omarmallick 0 Comments

China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba

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Business 

WestJet planning to fly 737 Max jets this month, pending Transport Canada OK

January 10, 2021 omarmallick 0 Comments

WestJet says it plans to resume flying its fleet of 737 Max aircraft later this month, pending approval by Transport

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Business 

Airline vacation ads face scrutiny as politicians named and shamed for their pandemic trips

January 10, 2021 omarmallick 0 Comments

A number of Canadian politicians have been caught flouting public health advice by going on vacations over the holidays, and Air

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Business 

B.C. leads the way as residential building booms in Canada, despite pandemic

January 10, 2021 omarmallick 0 Comments

It was a banner year for the value of residential building permits across Canada in 2020, despite early concerns the

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Business 

Transport Canada backtracks on policy forcing 2-year-olds to mask-up on planes

January 9, 2021 omarmallick 0 Comments

Transport Canada has quietly raised the mandatory age for children wearing face masks on planes from two to six years

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Business 

Canada shed 63,000 jobs in December

January 9, 2021 omarmallick 0 Comments

Canada’s economy lost 63,000 jobs last month, the first time the job market has contracted since the dark days of

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Business 

U.S. economy lost 140,000 jobs last month as COVID-19 refuses to release its grip on economy

January 9, 2021 omarmallick 0 Comments

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy

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Canada quietly updates COVID-19 guidelines on risk of airborne spread
Business 

WestJet cutting jobs and slashing flight capacity by 1/3

January 8, 2021 omarmallick 0 Comments

WestJet is cutting jobs and slashing its flight capacity by a third because of what the airline calls “instability in

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Business 

Another 787,000 Americans filed for jobless benefits last week

January 8, 2021 omarmallick 0 Comments

The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face

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Business 

Boeing to pay $2.5B settlement in criminal investigation over safety of 737 Max

January 8, 2021 omarmallick 0 Comments

Boeing will pay $2.5 billion US to settle a criminal charge of defrauding safety regulators in connection with the development

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Business 

Elon Musk passes Jeff Bezos to become world’s richest person on Bloomberg list

January 7, 2021 omarmallick 0 Comments

Tesla CEO Elon Musk passed Jeff Bezos on Bloomberg’s billionaires’ list to become world’s richest person on Thursday, a title the

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Business 

Some Canadian snowbirds in Florida are already getting the COVID-19 vaccine

January 7, 2021 omarmallick 0 Comments

Snowbirds who headed to Florida this winter — despite Canada’s advisory not to travel abroad during the pandemic — have discovered an

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Business 

Markets react to prospect of ‘blue wave’ in Georgia Senate vote

January 7, 2021 omarmallick 0 Comments

Investors digested the somewhat unexpected win of two Georgia Senate seats by the Democrats on Wednesday, completing an apparent so-called

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Business 

Global economy faces fears of a ‘lost decade’ as COVID-19 cases surge

January 6, 2021 omarmallick 0 Comments

Optimism that the early arrival of a vaccine meant that the global economy would be out of the woods in

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Business 

How tech startups try to win over investors who got rich from oil and gas

January 6, 2021 omarmallick 0 Comments

Trent Johnson remembers the late 1990s when it was effortless to get wealthy Calgarians from the oilpatch to invest their money in

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Loonie rises to highest point in 2 years on vaccine optimism, oil prices
Business 

Canadian dollar flirts with 79 cents US for 1st time since 2018

January 6, 2021 omarmallick 0 Comments

The value of Canada’s dollar approached 79 cents US for the first time in almost three years on Tuesday, as

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Business 

Amazon buys 4 jets from WestJet and 7 from Delta to expand cargo fleet

January 5, 2021 omarmallick 0 Comments

Amazon is buying four jets from WestJet and seven from Delta as the e-commerce giant moves to beef up its delivery

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Business 

Canadian Pacific reports record year, quarter and month of grain transportation

January 5, 2021 omarmallick 0 Comments

Canadian Pacific Railway Co. says it moved a calendar year record 31.32 million tonnes of Canadian grain and grain products

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Business 

Aurora Cannabis hit by ‘cybersecurity incident’ on Christmas day

January 5, 2021 omarmallick 0 Comments

Aurora Cannabis Inc. says it experienced a “cybersecurity incident” over the holidays. The Edmonton-based cannabis producer says the incident took

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Business 

225 Google engineers form union

January 4, 2021 omarmallick 0 Comments

A group of Google engineers and other workers announced Monday they have formed a union, creating a rare foothold for

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Business 

2021 could mark a turning point for the logging of old growth trees in B.C.

January 3, 2021 omarmallick 0 Comments

As the hereditary chief of the Kwakiutl First Nation, the forests and ocean waters off the north east coast of

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Business 

Businesses faced ruin from the pandemic. Then Canada came calling for vital supplies

December 30, 2020 omarmallick 0 Comments

As the extent of the COVID-19 catastrophe became clear last spring, Toronto entrepreneur Marcus Fraser thought first of his family,

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Business 

Boeing 737 Max flies 1st commercial flight in U.S. since fatal crashes

December 30, 2020 omarmallick 0 Comments

American Airlines flew a Boeing 737 Max with paying passengers from Miami to New York on Tuesday, the plane’s first

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Business 

European shares mark best close in 10 months after post-Brexit agreement

December 29, 2020 omarmallick 0 Comments

European shares marked their strongest close in 10 months on Monday, with German shares hitting a record high as relief

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Business 

About 5,000 ceiling fans sold at Home Depot recalled in Canada

December 29, 2020 omarmallick 0 Comments

More than 190,000 ceiling fans sold at Home Depot, including thousands in Canada, are being recalled after reports that the

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Business 

Alibaba shares slump amid concerns about regulatory crackdown

December 28, 2020 omarmallick 0 Comments

Alibaba shares slumped nine per cent to their lowest level since June on Monday, as the firm’s upsized $10 billion US

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Business 

Pandemic isolation sees booming demand for pets — and for businesses that cater to them

December 27, 2020 omarmallick 0 Comments

All those new pet photos you’ve been seeing on social media don’t lie. The COVID-19 pandemic has prompted booming demand

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Business 

Chinese regulators order ‘rectification’ plan for Ant Group businesses

December 27, 2020 omarmallick 0 Comments

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory

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Business 

After a turbulent year, Canada’s energy industry braces for more upheaval in 2021

December 26, 2020 omarmallick 0 Comments

Turbulent, chaotic, overwhelming — it’s been the kind of year that tests a person’s nerves and their vocabulary. At times,

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Business 

Observers see rays of hope for 2021 in Canada’s gloomy oil and gas sector

December 25, 2020 omarmallick 0 Comments

The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with

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Business 

Ottawa blocks Chinese takeover of Nunavut gold mine project after national security review

December 25, 2020 omarmallick 0 Comments

A $230-million deal for a Chinese company to purchase a gold mine project in Nunavut is off. TMAC Resources Inc.

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Business 

Canada and U.K. make stopgap deal to avert tariffs after Brexit

December 25, 2020 omarmallick 0 Comments

Canada and the United Kingdom have inked a temporary agreement that will head off an automatic increase in tariffs that

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Business 

Magna strikes deal with LG to make electric car components

December 24, 2020 omarmallick 0 Comments

Magna International Inc. has signed a deal with LG Electronics to create a joint venture to build components for electric

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Business 

Ottawa launches $850,000 ad campaign advising Canadians to stay home during COVID-19

December 24, 2020 omarmallick 0 Comments

The federal government has launched an $850,000 digital-based ad campaign warning Canadians about the perils of travelling abroad during the COVID-19 pandemic,

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Business 

Lumber boom great news for industry, but expect higher construction prices next year

December 24, 2020 omarmallick 0 Comments

An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and

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Business 

Canada’s economy grew another 0.4% in October, but still well shy of pre-COVID level

December 23, 2020 omarmallick 0 Comments

Canada’s economy grew by 0.4 per cent in October, the sixth straight month of expansion after a record-setting plunge in

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Business 

OpenText settles $830M tax fight with IRS

December 23, 2020 omarmallick 0 Comments

OpenText Corp. says it has reached a deal with the U.S. Internal Revenue Service to settle a $830-million US claim

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Business 

B.C. caps fees charged to restaurants by third-party delivery companies

December 23, 2020 omarmallick 0 Comments

The B.C. government is using its emergency powers to place a cap of 15 per cent on the fees that

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Business 

Remote workers finding more employment as COVID-19 pandemic drags on

December 22, 2020 omarmallick 0 Comments

Finding a new contract after finishing a video editing project used to be a hassle for Heather Bergstrom. But after

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Business 

Economics issues that big thinkers say need the world’s attention in 2021

December 22, 2020 omarmallick 0 Comments

There’s an old but revealing joke in the news business from when most television news programs were a broadcast of

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Business 

Apollo Global Management sweetens Great Canadian Gaming takeover offer to $45 a share

December 22, 2020 omarmallick 0 Comments

Great Canadian Gaming Corp. says Apollo Global Management Inc. has raised its takeover offer for the casino operator, winning key

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Business 

Tesla shares sell off as high flying tech stock joins S&P 500

December 21, 2020 omarmallick 0 Comments

In the middle of last year, Tesla’s losses were piling up, sales weren’t enough to cover expenses and big debt

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Business 

Trans Mountain ends contracts with 2 companies on halted expansion project

December 21, 2020 omarmallick 0 Comments

Two companies hired to work on the Trans Mountain pipeline expansion project have had their contracts terminated. The terminations follow

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Consumers won't need receipts to benefit from one of Canada's largest class-action settlements
Business 

No receipt needed for Microsoft class-action claims; A work-from-home tax break: CBC’s Marketplace Cheat Sheet

December 20, 2020 omarmallick 0 Comments

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get

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Business 

U.S. jobless claims rise to 885,000 amid resurgence of virus

December 20, 2020December 20, 2020 omarmallick 0 Comments

The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases

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Business 

Canadian retail sales continue rising after pandemic plunge

December 20, 2020 omarmallick 0 Comments

Canadian retail sales for October came in stronger than expected, rising by 0.4 per cent. Statistics Canada reported Friday that

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Business 

BlackBerry banks on new partnerships amid falling sales

December 19, 2020 omarmallick 0 Comments

Sales fell at BlackBerry Ltd. in the three months that ended Nov. 30, but the technology company is banking on

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Business 

Aurora CEO sees promise in cannabis industry, despite year of cuts and layoffs

December 19, 2020 omarmallick 0 Comments

The cannabis industry might be closing out a year full of massive cuts, but Aurora Cannabis Inc.’s chief executive says there

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Business 

Boeing ‘inappropriately coached’ pilots during 737 Max recertification, U.S. Senate report says

December 19, 2020 omarmallick 0 Comments

Boeing officials “inappropriately coached” test pilots during recertification efforts after two fatal 737 Max crashes, according to a lengthy U.S.

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Business 

Loblaw, George Weston to buy shares from Weston family

December 18, 2020 omarmallick 0 Comments

The Weston family says it is selling some of its shares to George Weston Ltd. and Loblaw Companies Ltd. in

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Business 

Ontario court hears HBC’s request for review of regulations keeping stores closed

December 18, 2020 omarmallick 0 Comments

A lawyer for the Hudson’s Bay Co. says Ontario’s regulations forcing some retailers to close while others with similar merchandise

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Business 

35 states file anti-trust lawsuit against Google

December 18, 2020 omarmallick 0 Comments

Dozens of states filed an anti-trust lawsuit against Google on Thursday, alleging that the search giant has an illegal monopoly

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Business 

Coca-Cola Canada Bottling plots expansion plan in Ontario, Quebec

December 17, 2020 omarmallick 0 Comments

Coca-Cola Canada Bottling Ltd. plans to spend more than $35 million in an expansion plan that will allow it to

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Business 

Canada takes first step to approve Boeing 737 Max to fly again

December 17, 2020 omarmallick 0 Comments

After a nearly two-year ban, Transport Canada has taken the first step in potentially clearing the Boeing 737 Max to

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Business 

Honda recalls 130,000 vehicles in Canada: Fit, Accord, Civic, Insight and Acura ILX

December 17, 2020 omarmallick 0 Comments

Honda says it will recall 130,000 vehicles in Canada, including certain Fit, Civic, Accord, Insight and Acura ILX models, after

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Business 

Bitcoin breaks through $20K US for first time

December 16, 2020 omarmallick 0 Comments

Bitcoin smashed through $20,000 US for the first time on Wednesday, its highest ever, amid increased institutional and corporate interest.

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Business 

Aurora Cannabis laying off 214 workers, chief science officer to retire

December 16, 2020 omarmallick 0 Comments

Aurora Cannabis says it is laying off 214 workers and its chief science officer is retiring, the latest of a

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Business 

Bank of Canada’s Macklem says recovery from pandemic at a very difficult stage

December 16, 2020 omarmallick 0 Comments

Canada’s recovery from the pandemic is at a very difficult stage, as rising COVID-19 infections dampen growth in the near

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Business 

Air Transat shareholders approve takeover by Air Canada

December 15, 2020 omarmallick 0 Comments

Transat AT Inc.’s shareholders today approved the sale of the company to Air Canada for $5 per share. The Montreal-based

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Business 

Husky shareholders back friendly takeover by Cenovus for $3.8 billion in shares

December 15, 2020 omarmallick 0 Comments

Husky Energy Inc. shareholders have approved a $3.8-billion all-share takeover bid by rival Cenovus Energy Inc., hours before Cenovus shareholders

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Business 

Pornhub removes all uploaded content from unverified users

December 15, 2020 omarmallick 0 Comments

Pornhub, a website owned by Montreal-based company Mindgeek, said Monday it has removed all uploaded content not created by verified

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Business 

Spin Master co-founders plan to step down from co-CEO role next year

December 14, 2020 omarmallick 0 Comments

Toy company Spin Master Corp. says co-founders Ronnen Harary and Anton Rabie will step down from their co-chief executives role

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Business 

COVID-19 has made reading next year’s real estate market harder than ever

December 14, 2020 omarmallick 0 Comments

Canadians are about to get an update on the state of the housing market and the latest resurgence of COVID-19

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Business 

Conservative MP pitches plan to allow alcohol sales across Canada by mail

December 13, 2020 omarmallick 0 Comments

A Conservative backbencher is looking to open the floodgates on cross-country booze shipments through new legislation that would offer a

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Business 

In Ottawa’s rush to buy PPE, companies with little or no experience got some of the biggest contracts

December 13, 2020 omarmallick 0 Comments

This story is part of The Big Spend, a CBC News investigation examining the unprecedented $240 billion the federal government

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Business 

Cannabis company Canopy Growth to close 5 sites, lay off 220 people

December 13, 2020 omarmallick 0 Comments

Canopy Growth Corp. says it will cease operating at five facilities across the country and lay off more than 200 workers. The

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Business 

Dollarama to give workers up to $300 cash bonus after posting higher profit

December 12, 2020 omarmallick 0 Comments

Dollarama Inc. said it will pay a bonus to employees for their work during the pandemic as it raised its

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Business 

Pandemic gloom has more Canadians turning to greeting card joy this holiday season

December 12, 2020 omarmallick 0 Comments

Canadians are turning to holiday cards to spread some much-needed joy this year. In some cases, the personal touch of

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Business 

Majority of $1.7B in government cash to clean up old oil and gas wells still hasn’t been spent

December 12, 2020December 12, 2020 omarmallick 0 Comments

When the federal government announced $1.7 billion toward cleaning up aging oil and gas wells in Western Canada, Garnet Amundson

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Business 

Canadians now owe $1.71 for every dollar they have to spend, StatsCan says

December 12, 2020 omarmallick 0 Comments

Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said

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Business 

Looking for COVID-19 trends: Academic experts and private forecasting company form pandemic partnership

December 11, 2020 omarmallick 0 Comments

Some of Canada’s top academic experts on pandemics are partnering with a company in the Greater Toronto Area to work

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Business 

Hudson’s Bay Co. asks judge to review Ontario government’s retailer lockdown

December 11, 2020 omarmallick 0 Comments

Hudson’s Bay Co. is asking an Ontario court to review the province’s decision to temporarily close non-essential retailers in Toronto

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Business 

IPOs this week have DoorDash and Airbnb worth billions of dollars despite not turning a profit

December 10, 2020 omarmallick 0 Comments

The COVID-19 pandemic has been a boon for tech company shares as lockdown measures for millions of people feed record demand for digital

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Business 

Watchdog lays out checklist of financial red flags for possible child sex exploitation

December 10, 2020 omarmallick 0 Comments

Canada’s anti-money laundering agency is flagging some telltale signs that a financial transaction could be linked to online child sexual

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Business 

Pipeline company Enbridge raises quarterly dividend, releases latest guidance

December 9, 2020 omarmallick 0 Comments

Enbridge Inc. raised its dividend as it released its latest financial guidance. The Calgary-based pipeline giant says it will increase its

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Business 

Apple unveils AirPods Max headphones that cover the ears, for $779

December 9, 2020 omarmallick 0 Comments

Apple has one more thing for the holiday shopping season: over-the-ear, wireless headphones that will test how much people are

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Business 

No wonder the galactic federation spurns us — Canada can’t manage the one we have on Earth

December 9, 2020 omarmallick 0 Comments

What is it about former government officials spilling the beans on space aliens? According to a torrent of shares on

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Business 

Bank of Canada keeps rate steady at 0.25%, maintains pledge of it staying low until 2023

December 9, 2020 omarmallick 0 Comments

The Bank of Canada opted to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, noting that

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Business 

Distillers scrambled to make hand sanitizer for free. Then the federal government moved on

December 8, 2020 omarmallick 0 Comments

This story is part of The Big Spend, a CBC News investigation examining the unprecedented $240 billion the federal government

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Business 

Expect to pay a lot more for groceries next year, thanks to climate change and COVID-19

December 8, 2020 omarmallick 0 Comments

The average Canadian family will pay up to an extra $695 for food next year, as the pandemic, wildfires and

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U.S. bans WeChat, TikTok, citing national security reasons
Business 

Second judge blocks Trump’s TikTok ban

December 8, 2020 omarmallick 0 Comments

A second federal judge has blocked U.S. President Donald Trump’s attempts to ban TikTok, the latest legal defeat for the

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Business 

Push to help small business prompts flurry of local shopping directories

December 8, 2020 omarmallick 0 Comments

When Ali Haberstroh took home a full-length shearling coat she found at a vintage store recently, the Toronto woman couldn’t

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Business 

As passengers pushed for refunds, Air Canada got more than $400 million from wage subsidy

December 7, 2020 omarmallick 0 Comments

This story is part of The Big Spend, a CBC News investigation examining the unprecedented $240 billion the federal government

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Business 

MasterCard, Visa investigating Pornhub over allegations of child sexual abuse content on site

December 7, 2020 omarmallick 0 Comments

Credit card giants Visa and Mastercard said Sunday that they are investigating their business relationship with Pornhub amid allegations claiming

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Business 

Not even the COVID-19 crisis can hold back Christmas shoppers with ‘savings hoard’ to unload

December 7, 2020 omarmallick 0 Comments

Boarded-up shop fronts and well-publicized cries of pain from retailers might leave you thinking the pandemic is the Grinch that

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Business 

Ikea to stop printing paper catalogue

December 7, 2020 omarmallick 0 Comments

After more than 70 years of printing, Ikea has decided to stop publishing its paper catalogue. The Swedish furniture giant

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Business 

Canada’s Garda sweetens takeover offer for security firm G4S to $6.3B

December 6, 2020 omarmallick 0 Comments

Garda World Security Corp. has raised its hostile takeover offer for British security firm G4S to 3.68 billion pounds or

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Business 

U.S. company buys Canadian ‘buy now, pay later’ firm PayBright for $340M

December 6, 2020 omarmallick 0 Comments

Silicon Valley based payment company Affirm has agreed to acquire PayBright, one of the leading Canadian players in the growing “buy

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Business 

Airbnb rolls out restrictions in Canada to prevent New Year’s Eve parties

December 6, 2020 omarmallick 0 Comments

Airbnb says it has a plan to curb New Year’s Eve parties this year while Canada works to slow the spread

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Business 

Mortgage rates hit a new low, with Canadian bank posting below 1%

December 6, 2020 omarmallick 0 Comments

HSBC has come out with a variable rate mortgage at 0.99 per cent, which industry watchers believe is the first such

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Business 

Walmart Canada plans to give 85,000 employees a one-time COVID-19 bonus

December 5, 2020 omarmallick 0 Comments

Walmart Canada says it will be giving its workers new cash bonuses for their ongoing dedication during the pandemic. The

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Business 

Confused by the economy during the COVID-19 pandemic? Don’t worry, so are the economists

December 5, 2020 omarmallick 0 Comments

The numbers can be so big, they’re hard to get your head around. The swings are so volatile, you can

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Business 

Economist life-hacks: how to make tough decisions with limited COVID facts

December 5, 2020 omarmallick 0 Comments

As the holiday season approaches, people across Canada are struggling to navigate the new risks that come with following family

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Business 

Why international travellers are allowed to connect to domestic flights without quarantine

December 5, 2020 omarmallick 0 Comments

Jacob Frey never thought international travellers would be on his WestJet flight from Calgary to Edmonton — until he spotted several

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Business 

Irish airline Ryanair orders 75 Boeing 737 Max jets, biggest order since deadly crashes

December 4, 2020 omarmallick 0 Comments

Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just

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Business 

Lack of raw materials blamed for slashed supply target of Pfizer’s COVID-19 vaccine

December 4, 2020 omarmallick 0 Comments

A lack of raw materials used in the manufacture of Pfizer’s COVID-19 vaccine played a role in the company’s decision

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Business 

U.S. Justice Department in talks with Meng Wanzhou over deal to free the Huawei executive: report

December 4, 2020 omarmallick 0 Comments

The U.S. Justice Department is talking to representatives of Meng Wanzhou about a potential deal that would allow the Chinese telecom executive to

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Business 

Canada added 62,000 jobs in November, slowest month of recovery since COVID-19

December 4, 2020 omarmallick 0 Comments

Canada’s economy added 62,000 jobs last month, which is better than economists had been expecting, but it’s also the lowest

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Business 

Why some travellers get permission to cross the Canada-U.S. border and others don’t

December 3, 2020 omarmallick 0 Comments

Kim Zavesky is desperate to return to her home in Golden, B.C. After retiring last year, she and her husband

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Business 

Buy-local push has Manitoba businesses stretched to the limit

December 3, 2020 omarmallick 0 Comments

The push to buy local this holiday season is overwhelming some Manitoba business owners, who are struggling to keep up

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Business 

TD beats expectations with higher profit, lower loan losses

December 3, 2020 omarmallick 0 Comments

TD Bank Group beat expectations as it reported its fourth-quarter profit rose compared with a year ago, boosted by the

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Business 

CIBC beats expectations despite profit slide to $1.02B

December 3, 2020 omarmallick 0 Comments

Canadian Imperial Bank of Commerce beat expectations even as its fourth-quarter profit edged down compared with a year ago. The

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Business 

Plenty of booby traps on a path to economic recovery littered with unknowns

December 2, 2020 omarmallick 0 Comments

As the folk tales tell us, it is a fool who tries to please everyone. But as the finance minister

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Business 

Demand for Christmas trees booms as gloomy year of COVID-19 needs some jollying

December 2, 2020 omarmallick 0 Comments

Canadians planning to buy a live Christmas tree this season should start shopping now and expect to pay more, the

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Business 

Royal Bank posts slightly higher profit and lower loan loss provisions

December 2, 2020 omarmallick 0 Comments

Royal Bank of Canada reported a small rise in quarterly profit that beat analysts’ expectations on Wednesday, driven by strength

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Business 

Trucks and SUVs with key fobs top most-stolen list, IBC says

December 2, 2020 omarmallick 0 Comments

Newer SUVs and trucks with remote starters top the list of the most often stolen vehicles in Canada, the Insurance

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Business 

Banks report earnings this week, and it could tell us a lot about the state of the economy

December 1, 2020 omarmallick 0 Comments

Monday’s fiscal update gave us a pretty good look at how much red ink has been spilled on the federal

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Business 

Canada’s economy bounced back at record 40% pace in third quarter — but GDP still below pre-COVID level

December 1, 2020 omarmallick 0 Comments

Statistics Canada said Tuesday the economy grew at a record annualized pace of 40.5 per cent in the third quarter as

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Business 

Scotiabank CEO ‘cautiously optimistic’ about economic outlook despite profit drop to $1.9B

December 1, 2020 omarmallick 0 Comments

Bank of Nova Scotia’s president and chief executive says he’s “cautiously optimistic” about the economy’s ability to bounce back from

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Business 

BMO profit jumps 33% to $1.6B

December 1, 2020 omarmallick 0 Comments

BMO Financial Group says it is winding down its non-Canadian investment and corporate banking business in the energy sector as

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Business 

Complaints about telecom firms fell 19% this year, but billing errors still a top beef, CCTS says

November 30, 2020 omarmallick 0 Comments

Canada’s ombudsman for wireless, internet and TV services received fewer consumer complaints last year, but billing continued to be the

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Business 

Victims’ families tell MPs Boeing 737 Max should stay grounded for now

November 29, 2020 omarmallick 0 Comments

Canadians who lost loved ones in a deadly crash on a Boeing 737 Max plane in 2019 told MPs today

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Business 

Bitcoin outshines gold, hitting new high, but can it last?

November 29, 2020 omarmallick 0 Comments

A return of bitcoin to its stratospheric highs has top financial experts scratching their heads and cryptocurrency boosters saying I

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Business 

Black Friday brings massive crowds, multiple fights to Calgary mall

November 29, 2020 omarmallick 0 Comments

Despite new provincial restrictions introduced this week, large crowds descended on Chinook Centre during Black Friday sales — and Calgary police say

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Business 

Terry Fox favoured to appear on new $5 bill, survey suggests

November 28, 2020 omarmallick 0 Comments

The top pick out of eight Canadians on a short list to appear on the next $5 bill is Marathon

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Business 

Imperial Oil to lay off 200 workers following cost-cutting analysis

November 28, 2020 omarmallick 0 Comments

Calgary-based Imperial Oil Ltd. says it will lay off about 200 of its 6,000 employees as part of a cost-cutting

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Business 

Provinces pressure Ottawa to pause plan to hike CPP premiums next year

November 28, 2020 omarmallick 0 Comments

Provincial finance ministers have quietly prodded Finance Minister Chrystia Freeland to put a pause on planned increases in premiums workers

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Business 

Locked in legal fight over rents, HBC’s big plan to survive COVID-19 may be to go small

November 28, 2020 omarmallick 0 Comments

It would be easy to look at The Bay’s dispute with landlords across the country and make some assumptions: that

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Business 

Sobeys brings back hero pay for grocery workers in lockdown areas

November 27, 2020 omarmallick 0 Comments

Grocery chain Sobeys has reinstated a program that will see its workers in areas locked down because of COVID-19 get

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Business 

Nav Canada warns air traffic controllers that job cuts are coming as pandemic crushes revenue

November 27, 2020 omarmallick 0 Comments

Air traffic controllers are being warned that layoffs are coming as Nav Canada pursues a “full restructuring” in response to a revenue slump

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Business 

Indigenous communities secure $100M to clean up oil and gas wells

November 27, 2020 omarmallick 0 Comments

Indigenous leaders have secured an allotment of funding to clean up old oil and gas wells on First Nation and

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Business 

How local, online startups are hoping to snatch Black Friday away from the big boys amid COVID-19

November 27, 2020 omarmallick 0 Comments

Black Friday sales on now have traditionally been the domain of big, national chains with beefed-up advertising budgets. But this year,

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Business 

U.S. oil giant Exxon Mobil cutting up to 300 jobs in Canada

November 26, 2020 omarmallick 0 Comments

U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions in Canada as

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Business 

Crude oil shipments by rail bounced back from summer lows, energy regulator says

November 26, 2020 omarmallick 0 Comments

Canadian exports of crude oil by rail are bouncing back after falling to an eight-year low in July. The Canada

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Business 

Why the federal government lets Canadians travel abroad during the COVID-19 pandemic

November 26, 2020 omarmallick 0 Comments

News reports that many snowbirds are heading south this winter — despite the COVID-19 pandemic — have angered some fellow Canadians who feel

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Business 

Pace of business closures slowed in August, StatsCan says

November 26, 2020 omarmallick 0 Comments

Statistics Canada says the number of business closures declined slightly in August, as COVID-19 restrictions eased. The agency says there

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Business 

Small retailers push back against lockdown policy that favours big-box stores

November 25, 2020 omarmallick 0 Comments

Small businesses in Toronto and Peel Region say it’s not fair that they should be closed for in-person shopping while big-box stores

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Business 

Enbridge sues Michigan over Line 5 pipeline shutdown order

November 25, 2020 omarmallick 0 Comments

Enbridge filed a legal challenge Tuesday to Michigan Gov. Gretchen Whitmer’s recent demand that the company shut down its oil

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Business 

Cirque du Soleil emerges from bankruptcy protection with sale to creditors

November 25, 2020 omarmallick 0 Comments

Cirque du Soleil Entertainment Group says it has completed the sale company to a group of its creditors led by

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Business 

Bertelsmann to pay $2.2B for Simon & Schuster in U.S. publishing play

November 25, 2020 omarmallick 0 Comments

German media group Bertelsmann said on Wednesday it would purchase U.S. publisher Simon & Schuster for $2.175 billion US in

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Business 

GM to recall about 7 million pickups, SUVs for faulty air bag inflators

November 24, 2020 omarmallick 0 Comments

General Motors will recall about seven million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.

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Business 

Nav Canada studying cutting air traffic controllers at 7 towers across Canada

November 24, 2020 omarmallick 0 Comments

NAV Canada, hit hard by the COVID-19 pandemic, is considering cutting air traffic controller jobs at seven towers across Canada in

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Business 

Despite court order, landlords still trying to reclaim luxury homes turned into illegal rooming houses

November 24, 2020 omarmallick 0 Comments

A few Toronto-area landlords are still trying to reclaim their luxury homes after an Ontario Superior Court judge voided their

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Business 

International travellers may need COVID-19 vaccines before they can board some airlines

November 24, 2020 omarmallick 0 Comments

International air travel could come booming back next year but with a new rule: travellers to certain countries must be

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Business 

His bank raided his account to cover a payment made to scammers

November 23, 2020 omarmallick 0 Comments

Justin Smith has been hit with a one-two punch of bad luck.  First, the Toronto man was duped by a

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Business 

Workplace compensation claims reflect toll COVID-19 has taken on Canada’s workers

November 23, 2020 omarmallick 0 Comments

Jeffrey Freedman is a COVID-19 “long-hauler” — one of many Canadians left with lingering health issues after getting sick from

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Business 

Alberta government begins shopping for vaccine storage freezers

November 23, 2020 omarmallick 0 Comments

Health officials in Alberta have begun hunting around for specialized freezers, one of the first steps in preparing for the arrival of

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Business 

Loblaw to give autonomous delivery vehicles test run in Toronto area

November 23, 2020 omarmallick 0 Comments

Loblaw Companies Ltd. has signed a partnership deal with technology company Gatik to test autonomous delivery vehicles in Toronto starting

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Business 

Ottawa to keep Boeing Max aircraft grounded for now despite U.S. decision

November 22, 2020 omarmallick 0 Comments

The Boeing 737 Max aircraft will not be returning to Canadian skies just yet despite being cleared for takeoff by U.S. regulators.

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Business 

Singh calls out Trudeau over pharmacare commitment as Commons begins debate on new bill

November 22, 2020 omarmallick 0 Comments

NDP Leader Jagmeet Singh is throwing down the gauntlet and challenging Prime Minister Justin Trudeau to back up his promise

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Business 

Nasdaq buying N.L. online security company Verafin in $2.75B US deal

November 22, 2020 omarmallick 0 Comments

St. John’s-based online security and anti-fraud company Verafin will be sold to global technology giant Nasdaq for $2.75 billion US,

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Business 

New business ventures help Canadian snowbirds circumvent a closed U.S. land border

November 22, 2020 omarmallick 0 Comments

Despite the Canada-U.S. land border closure to non-essential traffic, Canadian snowbirds Bernard Loiselle and Sylvie Charbonneau are on their way

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Business 

New business ventures help Canadian snowbirds circumvent a closed U.S. land border

November 22, 2020 omarmallick 0 Comments

Despite the Canada-U.S. land border closure to non-essential traffic, Canadian snowbirds Bernard Loiselle and Sylvie Charbonneau are on their way

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Business 

Global markets drop on concern about rising infection rates

November 21, 2020 omarmallick 0 Comments

Global stocks mostly fell Thursday amid anxiety over the economic fallout from rising coronavirus infections in the United States and

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Business 

Trans Mountain expansion project has been a COVID-free zone, says CEO

November 21, 2020 omarmallick 0 Comments

The government-owned Trans Mountain pipeline says it has managed to keep its workforce COVID-free — at a cost of more than

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Business 

Business group calls for freeze on CPP premiums set to rise Jan. 1

November 21, 2020 omarmallick 0 Comments

The Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels

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Business 

Buy now, pay later? Instalment payment services for online shopping come to Canada

November 21, 2020 omarmallick 0 Comments

Online shopping has exploded during the current pandemic, as have the options to pay for purchases. In addition to the

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Business 

Women exiting workforce faster than men, childcare playing big role, study says

November 20, 2020 omarmallick 0 Comments

Canada’s workforce has tilted in favour of men during COVID-19 as the pandemic has pressured women’s dual roles as mother

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Business 

New rules will allow Canadian passengers to avoid quarantine in Hawaii

November 20, 2020 omarmallick 0 Comments

Canadians travelling to Hawaii this winter will be allowed to avoid quarantine so long as they show proof of a

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Business 

Canadian retailers racked up $53.9B in sales in September, far more than expected

November 20, 2020 omarmallick 0 Comments

Statistics Canada says retail sales rose 1.1 per cent to $53.9 billion in September to mark the fifth consecutive monthly

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Business 

Shopify poised for up to $500M US windfall from stake in payment firm Affirm about to go public in IPO

November 20, 2020 omarmallick 0 Comments

Canada’s most valuable company could be about to get even more valuable, thanks to its tiny stake in a technology firm about

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Business 

Majority of travellers entering Canada during COVID-19 given OK to not quarantine

November 18, 2020 omarmallick 0 Comments

More than five million arrivals into Canada have been allowed to skip the 14-day quarantine requirement put in place when the country closed its

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Business 

Gyms adapt to COVID-19 with micro gyms and workout pods

November 18, 2020 omarmallick 0 Comments

Some gym operators now facing stringent measures to slow the spread of COVID-19 are determined to stay open by offering

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Business 

U.S. approves return of Boeing’s 737 MAX

November 18, 2020 omarmallick 0 Comments

U.S. Federal Aviation Administration (FAA) chief Steve Dickson is “100 per cent confident” in the safety of the Boeing 737 MAX,

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Business 

2020 the worst year on record for drilling in Canadian oilpatch

November 18, 2020 omarmallick 0 Comments

After struggling for the last five years with low commodity prices, the oilpatch is expected to have its worst year

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Business 

Huawei selling off bargain phone brand in bid to survive U.S. sanctions

November 17, 2020 omarmallick 0 Comments

Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from

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Business 

This business claims it built a better COVID-19 forecasting model but can’t get government to bite

November 17, 2020 omarmallick 0 Comments

As COVID-19 continues to surge across the country, a Canadian company says it’s created software to better predict how the

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Business 

Heinz will start making ketchup in Canada again

November 17, 2020 omarmallick 0 Comments

After closing its Ontario processing facility in 2014, Heinz will soon make ketchup in Canada once again. U.S. food conglomerate

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Business 

Home sales slowed in October but average price up 15% in past year, CREA says

November 16, 2020 omarmallick 0 Comments

The average price of a Canadian resale home has risen by more than 15 per cent in the year up

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Business 

Moderna COVID-19 vaccine progress sends stock markets soaring

November 16, 2020 omarmallick 0 Comments

News from U.S. drug company Moderna Inc. that its potential COVID-19 vaccine candidate has also been more than 90 per cent

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Business 

Oil prices surge on vaccine hopes — and then ebb on pandemic realities

November 15, 2020 omarmallick 0 Comments

Hopeful news about a COVID-19 vaccine gave oil prices a big boost this week, fuelled by expectations that post-pandemic life is

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Business 

Loblaw hikes dividend on higher grocery sales — but no plans to bring back pandemic pay hike, too

November 14, 2020 omarmallick 0 Comments

Loblaw Cos. Ltd. is seeing significantly higher sales across all of its brands of grocery stores, enough to hike the

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Business 

Doordash announces plans to go public in IPO

November 14, 2020 omarmallick 0 Comments

Delivery giant DoorDash Inc. is planning to sell its stock to the public, capitalizing on the growing trend of consumers

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Border agency made a mistake in issuing U.S. billionaire a quarantine exemption: Blair
Business 

Billionaire Trump backer who got August quarantine exemption in Canada tests positive for COVID-19

November 14, 2020 omarmallick 0 Comments

A U.S. billionaire who was granted a special exemption from Canada’s 14-day pandemic quarantine, despite her public criticism of COVID-19

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Business 

Many snowbirds flocking south despite Canadian government’s plea to seniors to stay home

November 14, 2020 omarmallick 0 Comments

In anticipation of the winter travel season, the federal government has issued an online alert to seniors, advising them to stay

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Business 

GM recalling 217,000 SUVs in U.S., Canada because transmission oil can leak

November 13, 2020 omarmallick 0 Comments

General Motors is recalling more than 217,000 cars and SUVs in the U.S. and Canada because transmission oil can leak,

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Business 

Minnesota grants key permits for Enbridge’s Line 3 crude oil pipeline project

November 13, 2020 omarmallick 0 Comments

Minnesota regulators granted a stack of important permits and approvals Thursday for Enbridge Energy’s planned Line 3 pipeline replacement across

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Business 

The business case for a short, sharp shutdown and why it likely won’t work in Canada

November 13, 2020 omarmallick 0 Comments

The argument seems like a strong one: If Canadians would just follow the lead of countries and regions around the

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Business 

Bank of Canada unveils shortlist of names under consideration for new $5 bill

November 12, 2020 omarmallick 0 Comments

The Bank of Canada unveiled its shortlist of Canadians who are under consideration to have their image emblazoned on the

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Business 

Pfizer executives sold shares on day when positive vaccine news came out

November 12, 2020 omarmallick 0 Comments

Two executives with Pfizer Inc. sold millions of dollars worth of shares in the company on Monday, a day when

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Business 

Private equity firm Apollo offers $3.3B for casino firm Great Canadian Gaming Corp.

November 12, 2020 omarmallick 0 Comments

Great Canadian Gaming Corp.’s agreement to be acquired for $3.3 billion by a U.S. private equity firm was quickly rejected

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Business 

Judge orders The Bay to pay half its overdue rent but blocks landlord from evicting them

November 12, 2020 omarmallick 0 Comments

An Ontario judge has ordered Hudson’s Bay Co. to pay half the rent owing at one of its department stores,

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Business 

First Nations partner with B.C. company in $1B purchase of Clearwater Seafoods

November 11, 2020 omarmallick 0 Comments

Halifax-based Clearwater Seafoods announced a billion-dollar deal Monday to sell the company to a partnership between Premium Brands of British Columbia

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Business 

How long can interest rates stay low once a vaccine arrives?

November 11, 2020 omarmallick 0 Comments

Jubilation over the good news about a vaccine has taken markets by storm. Shortly after the news broke on Monday

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Business 

EU charges Amazon in antitrust lawsuit, alleges unfair competition

November 11, 2020 omarmallick 0 Comments

European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from

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Business 

Luxury good marketplace StockX opens first Canadian location in Toronto

November 11, 2020 omarmallick 0 Comments

Canadian fans of brands like Supreme, Bape and Kaws may soon find it quicker and easier to fill or empty

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Business 

Telus hikes dividend despite lower profit

November 9, 2020 omarmallick 0 Comments

Telus Corp. raised its dividend as it reported its third-quarter revenue grew compared with a year ago, but its profit

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Business 

Will COVID-19 kill Christmas? | CBC News

November 9, 2020 omarmallick 0 Comments

Roger Wiebe of Edmonton and his wife are cancelling Christmas this year because they can’t afford it.  Weibe said he lost

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Canada quietly updates COVID-19 guidelines on risk of airborne spread
Business 

Ottawa says federal support for airline industry contingent on refunding customers

November 9, 2020 omarmallick 0 Comments

New federal support for Canada’s pandemic-battered airline industry will be contingent on carriers providing refunds to passengers whose flights were

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Business 

Stock markets see big gains Monday on promising COVID-19 vaccine data from Pfizer

November 9, 2020 omarmallick 0 Comments

Stock markets soared on Monday after German pharmaceutical giant Pfizer said early data suggests its COVID-19 vaccine seems safe and effective, raising hopes

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Business 

Profit rises 10% at Sun Life to $750M

November 8, 2020 omarmallick 0 Comments

Lower acquisition costs and digital offerings helped Sun Life Financial Inc. deliver a 10 per cent increase to its third-quarter

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Business 

Lightspeed buys U.S. cloud-based commerce business ShopKeep for $440M US

November 8, 2020 omarmallick 0 Comments

Lightspeed POS Inc. is shelling out $440 million US in cash and shares to acquire a U.S. cloud-based commerce business

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Business 

Canadian Tire hikes dividend on higher sales

November 8, 2020 omarmallick 0 Comments

Canadian Tire Corp. Ltd. reported a ramp up in sales in its third quarter Thursday, when pandemic-inspired cooking, home improvement

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Business 

Why the pandemic is pushing young tenants out of their tiny rentals in Toronto’s core

November 8, 2020 omarmallick 0 Comments

In a 450-square-foot condo, the only place Stephen Tyson was able to put his desk was right beside his bed.

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Business 

Airlines lure Canadians to buy tickets for flights that will never take off

November 7, 2020 omarmallick 0 Comments

Rob Przybylski and Courtney Ross were slated to wrap up the month on a Costa Rican beach, sipping sugarcane cocktails

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Business 

U.S. economy added 638,000 jobs in October but is still 10M shy of pre-COVID level

November 7, 2020 omarmallick 0 Comments

The U.S. economy created the fewest jobs in five months in October and more Americans are working part time, the

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Business 

Whole Foods backs down on banning poppies at work

November 7, 2020 omarmallick 0 Comments

Whole Foods grocery chain has reversed its ban on employees wearing poppies at work, according to Veterans Minister Lawrence MacAulay. “Just

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Business 

‘Open for business’ theme runs through Doug Ford’s COVID-19 budget

November 7, 2020 omarmallick 0 Comments

The budget delivered this week by Ontario Premier Doug Ford’s government contains more than $1 billion worth of annual tax

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Business 

Stock market rally continues despite continuing lack of clarity in U.S. vote count

November 6, 2020 omarmallick 0 Comments

Stock markets surged on Thursday as investors awaited the outcome of the U.S. presidential election and embraced the upside of

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Business 

GM will once again build pickup trucks in Oshawa if tentative deal with union is ratified

November 6, 2020 omarmallick 0 Comments

GM Canada says it will bring back pickup truck assembly work to its plant in Oshawa, Ont., if a new

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Business 

No more bets — stock and gambling markets rally as U.S. election nears end

November 5, 2020 omarmallick 0 Comments

Financial markets rallied to their best day in months on Tuesday as months of uncertainty as to who will win the

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Business 

Hundreds of coal mining jobs to end as TransAlta switches to natural gas

November 5, 2020 omarmallick 0 Comments

TransAlta will end operations at Highvale thermal coal mine by the end of 2021 as it switches to natural gas at

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Business 

Can Canada avoid the economic damage that comes with a U.S.-style political split?

November 5, 2020 omarmallick 0 Comments

It Can’t Happen Here, a 1935 novel by U.S. social critic Sinclair Lewis, portrays a United States sliding into a

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Business 

Stock markets rise as investors await decision in uncertain U.S. election

November 4, 2020 omarmallick 0 Comments

Stock markets moved higher on Wednesday even as investors digested results of a U.S. election that remained too close to

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Business 

Canada’s trade deficit grows to $3.3B as imports and exports still below pre-COVID levels

November 4, 2020 omarmallick 0 Comments

Canada’s merchandise trade deficit grew to $3.3 billion in September as both exports and imports climbed higher, but remained below

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Business 

2 gold miners to merge as Yamana to buy Monarch’s gold holdings for $152M

November 3, 2020 omarmallick 0 Comments

Yamana Gold Inc. says it has signed a deal to buy Monarch Gold Corp.’s Wasamac project and Camflo property and

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Business 

Quebec-based bicycle and children’s product maker Dorel may go private at $14.50 a share

November 3, 2020 omarmallick 0 Comments

Montreal-based manufacturer Dorel Industries Inc. has reached an agreement in principle that will see the TSX-listed company taken private by a

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Business 

Shanghai and Hong Kong stock exchanges pull out of Ant Group listing, halting plans for world’s biggest IPO

November 3, 2020 omarmallick 0 Comments

The planned stock market debut of the world’s biggest online finance company, Ant Financial was suspended in Shanghai and Hong

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Business 

Bank of Canada says economy will likely be scarred by COVID-19

November 2, 2020 omarmallick 0 Comments

Maybe it’s his job to prepare us for the worst, but Canada’s chief central banker, Tiff Macklem, has warned of

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Business 

Trans Mountain expansion may not be economically viable, says think tank report

November 2, 2020 omarmallick 0 Comments

The future of the Trans Mountain pipeline expansion project is once again being called into question — this time by

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Business 

Shopify revenue beats estimates as online boom pulls in more merchants

November 2, 2020 omarmallick 0 Comments

E-commerce firm Shopify Inc, beat Wall Street estimates for third-quarter revenue on Thursday, as more brick-and-mortar businesses listed on its platform

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Business 

How a Biden victory could shake up Alberta’s oil and gas sector

November 2, 2020 omarmallick 0 Comments

Alberta’s oil and gas industry has been through the wringer these past few months, slashing spending and shedding staff as

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Business 

Husky Energy reports $7B loss in 3rd quarter as merger partner Cenovus Energy takes $450M hit

November 1, 2020 omarmallick 0 Comments

Cenovus Energy Inc. reported a loss in its third quarter as its results were hit by a $450-million impairment charge

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Business 

U.S. economy notches record growth in 3rd quarter

November 1, 2020 omarmallick 0 Comments

The U.S. economy grew at an unrivalled pace in the third quarter as the government poured out more than $3

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Business 

TC Energy reports third-quarter profit, revenue up from year ago

November 1, 2020 omarmallick 0 Comments

TC Energy Corp. reported its third-quarter profit rose compared with a year ago as its revenue edged higher. The Calgary-based

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Business 

How a barber’s small gesture is making a big local difference during the COVID-19 downturn

November 1, 2020 omarmallick 0 Comments

Andy Dinner stares out the window of his barbershop and contemplates what the COVID-19 pandemic has done to the neighbourhood

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Business 

Alberta offers cash in push to become top global petrochemical producer

October 31, 2020November 1, 2020 omarmallick 0 Comments

The Alberta government says it’s prepared to give billions of dollars to lure investors willing to build or expand petrochemical facilities

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Business 

Morneau says he was thinking of leaving for OECD job before WE Charity debacle

October 31, 2020 omarmallick 0 Comments

Former finance minister Bill Morneau says he was thinking of leaving federal politics and running for a top diplomatic post well

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Business 

7 business owners share lessons they’ve learned through success and hardship during the pandemic

October 31, 2020 omarmallick 0 Comments

A few weeks ago, Erin Moraghan and her staff celebrated the five year anniversary of her fitness studio. This week,

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Business 

Banking barriers: How the Canadian financial sector excludes Black entrepreneurs, stifling innovation

October 31, 2020 omarmallick 0 Comments

As the owner of a beauty shop catering to Black hair, Nichola Lorimer is used to explaining her business to people who

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Business 

Equinor confirms new oil discoveries in Flemish Pass Basin

October 30, 2020 omarmallick 0 Comments

The Transocean Barents semi-submersible drill rig is pictured recently in the Newfoundland offshore. The rig has made two oil discoveries

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Business 

SNC-Lavalin Group reports $85.1M loss in third quarter

October 30, 2020 omarmallick 0 Comments

SNC-Lavalin Group Inc. reported a loss of $85.1 million in its latest quarter compared with profit of $2.76 billion a

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Business 

Canadian economic growth cools to 1.2% in August

October 30, 2020 omarmallick 0 Comments

The Canadian economy grew in August as real gross domestic product rose by 1.2 per cent in August, Statistics Canada

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Business 

Imperial Oil posts profit in 3rd quarter as fuel demand begins to recover

October 30, 2020 omarmallick 0 Comments

Imperial Oil Ltd. eked out a third-quarter profit on Friday, after two straight quarters of losses, as demand started to

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Business 

Black businesses in Canada hopeful that BLM energy will go beyond hashtag and into long-term change

October 28, 2020 omarmallick 0 Comments

It’s the second annual Canadian Black Business Week, and entrepreneurs and Black business groups say they are seeing signs of

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Business 

Halifax travel agency pitches plan to expand Atlantic bubble to Cuban resort

October 28, 2020 omarmallick 0 Comments

A Halifax travel agency is offering two, weeklong trips to Cuba reserved exclusively for residents of the Atlantic Canada bubble.

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Business 

Bank of Canada plans to keep interest rate near zero until 2023

October 28, 2020 omarmallick 0 Comments

The Bank of Canada says it has no plans to change its benchmark interest rate until inflation gets back to

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Business 

Canadian entrepreneur launching T. Kettle tea chain from the ashes of 45 shuttered DavidsTea locations

October 28, 2020 omarmallick 0 Comments

A Canadian entrepreneur with a track record of retail turnarounds is launching a chain of tea shops across the U.S.

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Business 

Bombardier will get $275M for sale of aerostructures business to Spirit, less than originally agreed to

October 27, 2020 omarmallick 0 Comments

Bombardier Inc. says it will receive less cash than it originally had agreed to in the sale of its aerostructures

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Business 

Brookfield buys rest of mortgage insurer Genworth

October 27, 2020 omarmallick 0 Comments

Brookfield Business Partners LP has signed a deal to buy the remaining interest in Genworth MI Canada Inc. that it

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Business 

Stock markets sell off on renewed uncertainty over COVID-19 and U.S. election

October 27, 2020 omarmallick 0 Comments

Stock markets around the world sold off on Monday as surging coronavirus infections prompted a new wave of fear and

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Business 

Historic Alberta coal community wrestles with plans for new mining

October 27, 2020 omarmallick 0 Comments

Retired miner John Kinnear worked three decades in British Columbia’s Elk Valley. His father was a mine surveyor. Both of

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Business 

Are nursing homes above the law? WestJet changes course on COVID-19 refunds: CBC’s Marketplace Cheat Sheet

October 26, 2020 omarmallick 0 Comments

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get

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Business 

Cenovus to buy Husky Energy for $3.8B, designed to ‘weather the current environment’

October 26, 2020 omarmallick 0 Comments

The chief executive of Cenovus Energy said he believes there are more mergers ahead for Canada’s oil and gas sector after it

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Business 

Pools and privacy: Why day-use hotels offer respite from home office distractions

October 26, 2020 omarmallick 0 Comments

As the hotel industry continues to face staggering losses due to COVID-19, a handful of properties in Vancouver are pivoting the business — and

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Business 

Owner of all-electric Nissan Leaf frustrated by difficulty of getting new battery

October 26, 2020 omarmallick 0 Comments

You might think that Nissan, the first car-maker to achieve widespread success with a zero-emissions electric vehicle, cares deeply about

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WestJet's retreat from Atlantic Canada pushes the federal government into a corner
Business 

WestJet to provide refunds, not just credits, for flights cancelled due to pandemic

October 25, 2020 omarmallick 0 Comments

WestJet says it will begin providing refunds to passengers whose flights were cancelled due to the pandemic.  The Calgary-based airline said

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Business 

Retail sales grew for 4th straight month in August — but September looks flat

October 24, 2020 omarmallick 0 Comments

Canadian retailers logged $53.2 billion in sales in August, the fourth month in a row that sales have increased since

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Business 

Le Château goes bust, becoming latest retail victim of COVID-19

October 24, 2020 omarmallick 0 Comments

Retailer Le Château is seeking court protection from its creditors while it winds down its operations and liquidates its assets.

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Business 

Hospitality workers urge Ottawa to put employees first in any COVID-19 related bailout

October 24, 2020 omarmallick 0 Comments

Canada’s hard-hit hospitality industry is asking for more help from government to survive the economic impact of COVID-19. But even

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Business 

Tim Hortons to stop using two cups for hot drinks, use sleeves instead

October 23, 2020 omarmallick 0 Comments

Tim Hortons is ending the practice of double cupping hot drinks, a move the fast food restaurant says will eliminate

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Business 

U.S. oil giant Exxon set to announce layoffs in Canada

October 23, 2020 omarmallick 0 Comments

Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to

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Business 

Canada officially removed from EU’s permissible travel list due to rising COVID-19 cases

October 23, 2020 omarmallick 0 Comments

The European Union officially removed Canada from a list of countries that should not be subjected to incoming travel restrictions

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Business 

EU shutting the door to Canadians is a wake-up call to ramp up our COVID-19 efforts

October 23, 2020 omarmallick 0 Comments

What a difference a few months make. Over the summer, Canadians were riding high on the notion they had flattened

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Business 

EU removes Canadians from list of approved travellers because of COVID-19

October 22, 2020 omarmallick 0 Comments

European Union officials are moving to halt Canadians from travelling to the bloc of European countries amid the coronavirus pandemic.

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Business 

Get your gifts in the mail early this holiday season, Canada Post warns

October 22, 2020 omarmallick 0 Comments

Canada Post is urging Canadians to shop early this holiday season to avoid the late arrival of gifts caused by

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Business 

Inflation rate rises to 0.5% in September, Statistics Canada says

October 22, 2020 omarmallick 0 Comments

Canada’s headline inflation measure went up in September by 0.5 per cent compared with a year ago, a better-than-expected increase,

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Business 

Dollarama recalls bogus hand sanitizer

October 22, 2020 omarmallick 0 Comments

Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a

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Business 

Laurentian Bank names Rania Llewellyn CEO, first woman to hold top job

October 21, 2020 omarmallick 0 Comments

Laurentian Bank has named Rania Llewellyn to be its next CEO, a move that the bank says makes her the

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Business 

U.S. Justice Department files antitrust lawsuit against Google

October 21, 2020 omarmallick 0 Comments

The United States Justice Department on Tuesday sued Google for antitrust violations, alleging that it abused its dominance in online

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Business 

U.S. environmental group lobbies Canadians to pressure CPP over ownership of Colorado oil firm

October 21, 2020 omarmallick 0 Comments

A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan to

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Business 

Antitrust lawsuit against Google reveals a growing willingness to take action against tech titans

October 21, 2020 omarmallick 0 Comments

A Google News search for the word antitrust didn’t even need to include the term “Google” to offer the company

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Business 

Companies wary of hiring and expanding because of COVID uncertainty, Bank of Canada survey finds

October 20, 2020 omarmallick 0 Comments

The Bank of Canada says companies are hedging hiring plans and wage growth expectations in the coming months over heightened

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Business 

Air Transat lays off half of its remaining flight attendants, closes Vancouver base

October 20, 2020 omarmallick 0 Comments

The Canadian Union of Public Employees says 128 Air Transat flight attendants — more than half of the current workforce

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Business 

Cogeco owner rejects latest multi-billion takeover offer from Altice, Rogers

October 19, 2020 omarmallick 0 Comments

The family that controls the Cogeco companies has rejected a second takeover offer from Altice USA Inc. and its Canadian

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Business 

Inflation numbers really are being distorted by COVID-19 spending, new research shows

October 19, 2020 omarmallick 0 Comments

If you make economic decisions based on this Wednesday’s inflation data, you may not be acting in your own best

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Business 

China’s economy accelerates as virus recovery gains strength

October 19, 2020 omarmallick 0 Comments

China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships

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How the U.S. election could change NATO's future and Canada's defence strategy
Business 

Trudeau and Trump are worlds apart on the Canada-U.S. border closure

October 18, 2020 omarmallick 0 Comments

Although Canada and the U.S. have agreed to close their shared land border to non-essential travel, they don’t appear to

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Business 

New COVID rent relief program won’t help struggling businesses until next month, group says

October 17, 2020 omarmallick 0 Comments

The federal government is prepared to offer small businesses rent and mortgage relief for October — but that money won’t

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Business 

Latest oil demand forecasts raise questions about economic wisdom of Trans Mountain pipeline expansion

October 17, 2020 omarmallick 0 Comments

This column is an opinion by Thomas Gunton, professor and director of the Resource and Environmental Planning Program at Simon Fraser

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Business 

Bank of Canada phasing out 3 programs set up in early days of COVID-19 to provide emergency liquidity

October 17, 2020 omarmallick 0 Comments

The Bank of Canada is winding down three emergency programs it set up to provide support to financial institutions during

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Business 

Food delivery apps cut some restaurant fees amid surging demand due to COVID-19

October 17, 2020 omarmallick 0 Comments

Food delivery services like Uber Eats and Skip the Dishes are adjusting the fees they charge restaurants to process and handle

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Business 

Electric vehicles and 2,000 jobs coming to Windsor following tentative FCA deal

October 16, 2020 omarmallick 0 Comments

A tentative deal reached between Unifor and Fiat Chrysler will bring 2,000 jobs to the Windsor plant along with electric

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Business 

Average Canadian house price continues to defy expectations, up 17% in past year

October 16, 2020 omarmallick 0 Comments

The average price of a home sold on the Canadian Real Estate Association’s MLS service went for $604,000 in September,

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Business 

Shares for company behind South Korea’s hit band BTS soar on Thursday amid COVID-19 pandemic

October 16, 2020 omarmallick 0 Comments

South Korea’s Big Hit Entertainment, the company that manages global pop sensation BTS, had a dynamite trading debut Thursday in

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Business 

Chinese company’s deal to buy Nunavut gold mine facing national security review

October 16, 2020 omarmallick 0 Comments

TMAC Resources Inc. says the federal cabinet has ordered a national security review of the proposed sale of the Canadian

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Business 

WestJet shuts down most of its operations in Atlantic Canada

October 15, 2020 omarmallick 0 Comments

WestJet will soon no longer fly to Moncton, Fredericton, Sydney, Charlottetown and Quebec City and drastically cut back its service

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Business 

Central banks must move faster on digital currencies amid COVID-19, Bank of Canada says

October 15, 2020 omarmallick 0 Comments

A Bank of Canada official says pandemic-related shifts in how people shop means central banks must speed up work on

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Business 

Hudson’s Bay Company accused by 2 landlords of not paying rent since April at 5 locations

October 15, 2020 omarmallick 0 Comments

Two landlords of the Hudson’s Bay Co. are suing the retailer for unpaid rent, alleging the iconic department store that

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Business 

Air Canada agrees to still take over Air Transat, but for much lower price

October 14, 2020 omarmallick 0 Comments

Air Canada says it will go ahead with its plan to buy smaller rival Air Transat, but it will pay

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Business 

As mortgage deferral programs wind down, Alberta still has highest rate of deferrals

October 13, 2020 omarmallick 0 Comments

Alberta continues to have the highest rate of mortgage deferrals in the country. According to numbers shared by the Canada

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Business 

Global watchdog proposes tax overhaul for big tech

October 13, 2020 omarmallick 0 Comments

A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay

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Business 

Facebook bans Holocaust denial, distortion posts

October 13, 2020 omarmallick 0 Comments

Facebook is banning posts that deny or distort the Holocaust and will start directing people to authoritative sources if they

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Business 

Wall Street adds more gains to last week’s rally; tech leads

October 13, 2020 omarmallick 0 Comments

Stocks were pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its

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Business 

Americans Milgrom, Wilson win Nobel in economics for ‘improvements to auction theory’

October 12, 2020 omarmallick 0 Comments

Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel in economics for “improvements to auction theory and

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Business 

Canadians are rich, but this Thanksgiving, our well-being is trickier to measure

October 12, 2020 omarmallick 0 Comments

As we huddle in our homes, separated from friends and family by a pernicious virus, economics offers a measure of

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Business 

COVID-19 is changing the way men and women split the risk in the workplace

October 12, 2020 omarmallick 0 Comments

In Canada, the most dangerous occupations — from logging and fishing to farming and construction — have always been, and remain, male-dominated. Female roofers, truck drivers,

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Business 

Tracking Amazon returns; a single-use plastic ban: CBC’s Marketplace Cheat Sheet

October 12, 2020 omarmallick 0 Comments

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get

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Business 

Toxic tech?: meet the Canadian investors who won’t put their money into Facebook or Amazon

October 11, 2020 omarmallick 0 Comments

Tobacco. Assault weapons. Oil — and any other product or company that contributes to climate change. That’s the list of

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Business 

Winter is coming — and that could be good news for Alberta’s natural gas sector

October 11, 2020 omarmallick 0 Comments

Amid a tumultuous stretch for Alberta’s oil and gas industry, there’s hope around the sector that the arrival of winter could bring some stability for natural gas producers.

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Business 

Rising COVID-19 numbers prompt calls to bring back hazard pay for retail workers

October 10, 2020 omarmallick 0 Comments

Calls for the return of hazard pay are growing as workers on the front lines of Canada’s retail industry grow

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Business 

Class action suit against TD for trailing commissions to discount brokers certified

October 10, 2020 omarmallick 0 Comments

An Ontario law firm says a class action centred on TD Asset Management Inc.’s trailing commissions to discount brokers has

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Business 

U.S. government won’t say why it allows Canadians to fly to U.S. despite border closure

October 10, 2020 omarmallick 0 Comments

It’s a quirky rule that has confounded many people: while the Canada-U.S. land border is closed to non-essential traffic due to the

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Business 

Netflix hikes some subscriber plans in Canada again

October 9, 2020October 9, 2020 omarmallick 0 Comments

Netflix Canada is increasing some of its prices again. The streaming giant said the basic plan for subscribers remains unchanged at

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Business 

Governments unveil details of $590M investment to help Ford Oakville plant make electric cars

October 9, 2020 omarmallick 0 Comments

The governments of Ontario and Canada are set to announce details of their plan to each spend $295 million to help

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Business 

Canada added 378,000 jobs in September, even more than in August

October 9, 2020 omarmallick 0 Comments

Canada’s economy added 378,000 new jobs in September, Statistics Canada says, almost all of which were full-time positions. September’s job

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Business 

Despite early COVID-19 rebates, car insurance rates have risen during pandemic and are set to rise more

October 8, 2020 omarmallick 0 Comments

Despite highly publicized rebates from companies in the early days of the pandemic, rates for new car insurance policies have

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Business 

The Second City comedy theatre company for sale, includes Toronto location

October 8, 2020 omarmallick 0 Comments

The Second City comedy theatre company — where performers including Eugene Levy, Catherine O’Hara, Bill Murray, John Candy, Martin Short, Steve

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Business 

CBC announces it’s cutting about 130 jobs across Canada over next 3 months

October 8, 2020 omarmallick 0 Comments

The CBC is cutting about 130 jobs across the country over the next three months, the Crown corporation said Wednesday. “As

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Business 

Booming demand and supply chain issues in COVID crisis combine to create appliance shortage

October 7, 2020 omarmallick 0 Comments

Appliance stores are grappling with a double whammy of surging demand and supply chain problems, resulting in mounting backorders ahead

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Business 

Markets sell off after Trump pulls plug on stimulus talks

October 7, 2020 omarmallick 0 Comments

North American stock markets plunged after U.S. President Donald Trump pulled the plug on fiscal stimulus negotiations until after next

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Business 

Watching Friday’s jobs data for the dreaded K-shaped recovery

October 7, 2020 omarmallick 0 Comments

“We’re all in this together” has a friendly reassuring tone. Used by Prime Minister Justin Trudeau, Ontario Premier Doug Ford

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Business 

Despite early COVID rebates, car insurance rates have risen during pandemic and are set to rise more

October 7, 2020 omarmallick 0 Comments

Despite highly publicized rebates from companies in the early days of the pandemic, rates for new car insurance policies have

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Business 

102-carat ‘flawless’ Canadian diamond sells for online record of $15.7M US at auction

October 6, 2020 omarmallick 0 Comments

A diamond unearthed in Northern Ontario two years ago has sold for a record price in an online auction, to

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Business 

Canada’s trade deficit narrowed to $2.4B in August as exports and imports both fell

October 6, 2020 omarmallick 0 Comments

Statistics Canada says the country’s merchandise trade deficit narrowed to $2.4 billion in August as both exports and imports fell.

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Business 

6 Americans fined for violations while driving through Canada to Alaska — despite tougher rules

October 6, 2020 omarmallick 0 Comments

Some Americans continue to defy the rules by making side trips when driving through Canada to or from Alaska, despite tough

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Business 

World’s 2nd-biggest cinema operator Cineworld to close all U.S., U.K. and Irish screens

October 5, 2020 omarmallick 0 Comments

Cineworld, the world’s second-biggest cinema operator, will close all its screens in the United States, Britain and Ireland this week

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Business 

For many workers, reduced hours or pay cuts beat pandemic layoffs. Just ask a WestJet pilot

October 5, 2020 omarmallick 0 Comments

After the airline industry was grounded in the spring when governments around the world introduced COVID-19 lockdown measures, WestJet pilots were

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Business 

COVID-19 has doggy demand soaring and scammers taking advantage

October 4, 2020 omarmallick 0 Comments

Wendy Hamilton-Petkau has been breeding golden retrievers for 38 years, but she’s never seen the kind of demand inspired by

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Business 

‘We’re very, very fortunate’: Alberta town enjoying a mini-boom thanks to Keystone XL

October 3, 2020 omarmallick 0 Comments

In the waning days of summer, afternoon traffic in Oyen, Alta., moved slowly along Main Street, easing along the weathered asphalt,

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Business 

Air Canada orders first batch of 25,000 rapid COVID-19 testing kits

October 3, 2020 omarmallick 0 Comments

Air Canada has ordered 25,000 testing kits that can detect COVID-19 in someone in as little as five minutes, a

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Business 

Aurora increases executive compensation after layoffs, $3.3B in losses

October 3, 2020 omarmallick 0 Comments

Aurora Cannabis Inc. handed out millions in compensation and salary increases to executives as the company was laying off more

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Business 

Irish court rules Subway can’t call its bread bread due to high sugar content

October 2, 2020 omarmallick 0 Comments

Ireland’s Supreme Court has ruled that bread sold by the fast food chain Subway contains so much sugar that it

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Business 

Swiss bank UBS says Toronto has 3rd biggest housing bubble in the world

October 2, 2020 omarmallick 0 Comments

A Swiss bank has concluded that Toronto’s housing market is in bubble territory, as homes in the city are more

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Business 

Amazon reveals nearly 20,000 employees have tested positive for COVID-19

October 2, 2020 omarmallick 0 Comments

Amazon said Thursday that nearly 20,000 of its workers have tested positive or been presumed positive for the virus that

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Business 

Shares, oil prices sink after Trump tests positive for coronavirus

October 2, 2020 omarmallick 0 Comments

U.S. stock futures and many overseas stock indices fell Friday after President Donald Trump said he and his wife, Melania Trump, had

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Business 

Why some snowbirds are still heading south this winter despite COVID-19 and a closed land border

October 1, 2020 omarmallick 0 Comments

Despite the U.S. having the world’s highest number of COVID-19 cases, Canadian snowbird Elizabeth Evans is determined to head south next

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Business 

New parents waiting months for financial benefits amid surge in CERB claims

October 1, 2020 omarmallick 0 Comments

Months after having their babies, some parents are still waiting to receive benefits from Canada’s employment insurance program, which has been

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Business 

Canada’s GDP grew by 3% in July as more sectors reopened

October 1, 2020 omarmallick 0 Comments

Canada’s economy continued its recovery in July from the first wave of COVID-19, with the country’s gross domestic product expanding

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Business 

Canadian security firm Garda goes hostile in $5.2B bid for British company G4S

October 1, 2020 omarmallick 0 Comments

Garda World Security Corp. is making a hostile play for G4S after the British security company spurned its $5.2 billion

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Business 

Struggling outdoor equipment retailer MEC opposes efforts to pause sale to Kingswood

September 30, 2020 omarmallick 0 Comments

Beleaguered outdoor recreation retailer Mountain Equipment Co-op is opposing a proposed delay of the company’s sale to a U.S. private

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Business 

Ontario court extends suspension of case against 3 tobacco companies

September 30, 2020 omarmallick 0 Comments

An Ontario court has again extended an order suspending legal proceedings against three major tobacco companies as they pursue mediation

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Business 

Disney will lay off 28,000 theme parks workers due to coronavirus pandemic

September 30, 2020 omarmallick 0 Comments

Squeezed by attendance limits at its theme parks and other restrictions due to the coronavirus pandemic, The Walt Disney Co. said

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Business 

2-year-olds are getting kicked off planes for refusing to wear a mask. Is that fair?

September 29, 2020 omarmallick 0 Comments

Some parents are fuming over rules requiring toddlers to wear masks on airplanes — after they were turfed from flights

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Business 

U.S. cosmetics chain Ulta scraps Canadian expansion plans

September 29, 2020 omarmallick 0 Comments

U.S. cosmetics chain Ulta has cancelled plans to expand into Canada this year, instead opting to beef up its online

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Business 

Court clears way for Brooks Brothers Canada to be sold to new owner of Forever 21 and Lucky Jeans

September 29, 2020 omarmallick 0 Comments

An Ontario Superior Court judge has granted an order adding Brooks Brothers Canada Ltd. to its parent company’s U.S. bankruptcy

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TikTok picks Oracle over Microsoft in Trump-forced sales bid
Business 

U.S. judge temporarily blocks Trump order on TikTok app store ban

September 28, 2020 omarmallick 0 Comments

A U.S. federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app

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Business 

New homeowner ‘freaked out’ when stranger took control of her security system

September 28, 2020 omarmallick 0 Comments

The message came out of the blue for Taylor Fornell. A stranger told her he had complete control over the

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Business 

Members fighting sale of MEC say planned COO hire clashes with Canadian company’s values

September 28, 2020 omarmallick 0 Comments

Members of Mountain Equipment Co-op (MEC) fighting its takeover by an American investment firm say the hiring of an executive from

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Business 

They promised us driverless cars. What happened?: Don Pittis

September 28, 2020 omarmallick 0 Comments

The name of the Scottish indie band We Were Promised Jetpacks alludes to disappointment that the future isn’t all it

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Business 

Hootsuite pulls deal with U.S. Immigration and Customs Enforcement after backlash

September 27, 2020 omarmallick 0 Comments

Vancouver tech company Hootsuite says it will not proceed with a contract with U.S. Immigration and Customs Enforcement after staff raised concerns

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Business 

Investors who profited from Bernie Madoff’s Ponzi scheme must return earnings: judge

September 27, 2020 omarmallick 0 Comments

Investors who profited from Bernard Madoff’s massive Ponzi scheme even though they knew nothing of it must still pay back

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Business 

Top-secret records show New Brunswick, Alberta companies received millions in suspicious transfers

September 27, 2020 omarmallick 0 Comments

Off the coast of Mauritania in northwest Africa, thick black smoke billowed from a massive fishing trawler, trapping the crew

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Business 

Confusion and anxiety reign for Canadians dependent on CERB as pandemic program winds down

September 27, 2020 omarmallick 0 Comments

Roger Wiebe is one of millions of Canadians who has been hit hard by the COVID-19 pandemic, despite never contracting

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Business 

Why stock markets are up 44% amid the worst economic contraction in history

September 26, 2020 omarmallick 0 Comments

The economy is in a ditch, and millions of Canadian workers still find themselves unemployed or underemployed compared with where things

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Business 

Ottawa prepares to squeeze big U.S. tech firms over loss of revenue for Canadian news outlets

September 26, 2020 omarmallick 0 Comments

Advocates for Canada’s news media sector have welcomed the federal government’s clearest pledge yet to squeeze web giants for compensation.

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Business 

Demand for sports equipment and home gyms booms as Canadians prepare for pandemic winter

September 26, 2020 omarmallick 0 Comments

Canadians in need of sports equipment and fitness gear to stay healthy and have fun during a pandemic winter have learned a

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Business 

P.E.I. restaurants suffered the worst downturn in the country in July

September 26, 2020 omarmallick 0 Comments

While the pandemic hit the bottom line of restaurants across the country, as summer arrived it was restaurateurs on P.E.I.

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Business 

Throne speech breathes new life into an old, empty promise: a national child-care program

September 24, 2020September 24, 2020 omarmallick 0 Comments

It has been 50 years since the Royal Commission on the Status of Women made it clear that access to

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Business 

2-year-olds are getting kicked off planes for refusing to wear a mask. Is that fair?

September 24, 2020September 24, 2020 omarmallick 0 Comments

Some parents are fuming over rules requiring toddlers to wear masks on airplanes — after they were turfed from flights

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Business 

1 month after cyberattack, some CRA online services remain unavailable

September 24, 2020September 24, 2020 omarmallick 0 Comments

More than a month after the Canada Revenue Agency took its website offline in the wake of a major cyberattack,

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Business 

Pandemic has underlined need for better internet in rural areas, throne speech says

September 24, 2020September 24, 2020 omarmallick 0 Comments

The Trudeau government’s plan to shepherd the economy safely past the COVID crisis includes its long-standing promise to make sure

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Business 

Rice brand Uncle Ben’s changing name and logo because of racist connotations