Category Archives: Business

A year after jobs data leak, StatCan resumes sharing advance numbers with officials

OTTAWA — Statistics Canada has resumed its practice of giving key federal officials an advance look at its jobs report ahead of its official release. The agency says two people each in the Finance Department and Privy Council Office, which aids the prime minister and cabinet, were authorized for a sneak preview of the April […]

TC Energy reports $1.1B net loss after $2.2B writedown on Keystone XL

CALGARY — TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline. It says the impairment charge doesn’t yet include the government of Alberta’s investment and guarantees for the project, which are expected to eventually reduce the […]

Coronavirus: WTO chief says vaccine waiver helpful, not key for virus fight

GENEVA — The head of the World Trade Organization said Friday the U.S. administration’s call to remove patent protections on COVID-19 vaccines could help expand fair access to vaccines but might not be the most “critical issue,” as officials in Europe increasingly insisted that more vaccine exports are the more pressing priority. WTO Director-General Ngozi […]

Colombia sees calmer protests, industry groups warn of fuel shortages

BOGOTA — Protests in Colombia marked their ninth day on Thursday with smaller groups of demonstrators in cities including Bogota and Medellin, while industry groups warned of gasoline shortages across the country following road blocks. Protests began last week in opposition to a now-canceled tax reform plan, but demonstrators have since broadened their demands to […]

Asian shares mostly rise on U.S. rally; eyes on jobs data

TOKYO — Asian shares mostly rose Friday on optimism about the rally on Wall Street and an economic rebound in the U.S., as investors awaited the release of jobs data. Japan’s benchmark Nikkei 225 recouped early losses to edge up less than 0.1% to 29,357.04. Australia’s S&P/ASX 200 added 0.2% to 7,075.70, while South Korea’s […]

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

Canada Mortgage and Housing Corp. says the average home price could rise by as much as 14 per cent this year, but the pace of sales could moderate by the end of 2023 if broad immunity to COVID-19 is soon achieved. Prices across the country could soar to as much as $649,400 by the end […]

Canadian home prices, sales will moderate by 2023 if COVID-19 immunity achieved: CMHC – National

Canada Mortgage and Housing Corporation says the average home price could rise by as much as 14 per cent this year, but the pace of sales could moderate by the end of 2023 if broad immunity to COVID-19 is soon achieved. Prices across the country could soar to as much as $649,400 by the […]

Disney World ends temperature checks for guests and staff

Visitors to Walt Disney World Resort in Orlando, Florida, will be able to skip temperature checks at the park from May 16. The company has announced on its website that it’ll be phasing out on-site temperature screenings for cast members starting May 8 and for guests on May 16. “Since reopening, we have considered guidance […]

Coronavirus: Dubai luxury home market soars as world’s rich flee pandemic

DUBAI, U.A.E. — After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic lockdowns. This spring, he sold his luxury townhouse and jetted off to the desert sheikhdom of Dubai to start a new life with his family. There was no turning back, he said. The French business magnate’s super […]

Asian stocks mostly higher on hopes for pandemic recovery

TOKYO — Asian shares were mostly higher Thursday on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pandemic. Japan’s benchmark Nikkei 225 jumped 1.8% in afternoon trading to 29,337.27, in the first session after the Golden Week series of national holidays. South Korea’s Kospi gained 0.8% […]