Category Archives: Business

Boxing Day to be ‘subdued’ this year: expert

[ad_1] This Boxing Day will be a “little bit muted,” compared to other years amid the ongoing COVID-19 pandemic, and global supply chain issues, according to a retail expert. Bruce Winder, a retail expert and the author of Retail Before, During and After COVID-19, told CTV News Channel on Saturday that overall things are going […]

Flight cancellations drag on as airlines short-staffed

[ad_1] NEW YORK – Airlines continued to cancel hundreds of flights Saturday as staffing issues tied to COVID-19disrupted holiday celebrations during one of the busiest travel times of the year. FlightAware, a flight-tracking website, noted 888 flights entering, leaving or inside the U.S. canceled Saturday, up from 690 Friday. About 200 more flights […]

The world could consume more oil in 2022 than ever before

[ad_1] Electric cars are taking over the streets, big companies are trying to be nicer to the environment and people are taking action to stop climate change. But here’s a reality check: The world could consume more oil in 2022 than ever before. Global energy demand rebounded strongly this year as pandemic restrictions eased, and […]

Stock markets: Canada’s main stock index closes up

[ad_1] Canada’s main stock index closed up slightly on a shortened trading day because of Christmas Eve, as investors anxiously await more data around the Omicron variant and economic indicators in the coming weeks. The S&P/TSX composite index ended up 10.75 points at 21,229.68 on Friday as health care, energy, and financials gained. The index […]

Feds still plan to act on credit card fees

[ad_1] OTTAWA — The Finance Department said the federal government hasn’t abandoned a Liberal pledge to lower the fees merchants pay every time a shopper pays with a credit card. The Liberals promised in the spring budget to run a consultation on the proposed changes, which it did over the summer. Finance Minister Chrystia Freeland […]

Lufthansa, United, Delta cancel flights over Christmas due to Omicron

[ad_1] NEW YORK – Airlines cancelled hundreds of flights as the omicron variant jumbled schedules and drew down staffing levels at some carriers during the busy holiday travel season. Delta Air Lines and United Airlines said they cancelled flights because of staff shortages tied to the omicron variant. Delta cancelled 145 flights on […]

Omicron threatens sales on Boxing Day, increasingly overshadowed by Black Friday

[ad_1] MONTREAL — Boxing Day is set to take a beating from its younger rival this year. While Black Friday had already overtaken Dec. 26 as the go-to shopping day of the season, pandemic restrictions and concerns over surging COVID-19 cases may deepen the sales disparity as more consumers stay home for the holidays. The […]

Hundreds of flights cancelled over Christmas due to COVID-19

[ad_1] FRANKFURT, GERMANY – At least three major airlines said they have canceled dozens of flights because illnesses largely tied to the Omicron variant of COVID-19 have taken a toll on flight crew numbers during the busy holiday travel season. Germany-based Lufthansa said Friday that it was canceling a dozen long-haul transatlantic flights […]

United, Delta cancel more than 200 U.S. flights amid COVID

[ad_1] United Airlines and Delta Air Lines on Thursday said they had each cancelled dozens of Christmas Eve flights, as the spreading COVID-19 Omicron variant takes a toll on its flight crews and other workers. Chicago-based United cancelled 120 flights for Friday, while Atlanta-based Delta said it has canceled about 90. Both said […]

Stock markets: Asian shares follow Wall St up as Omicron fears ease

[ad_1] BEIJING — Asian stock markets rose Friday after Wall Street hit a new high as fears of the coronavirus’s Omicron variant eased. Tokyo, Hong Kong and Sydney advanced. Shanghai declined. Wall Street’s benchmark S&P 500 index rose 0.6% on Thursday in the last U.S. trading session before Christmas. Investor anxiety has mounted as Omicron […]