Debra Maxfield hasn’t had a wage increase since July 2020. A long-term-care worker for 20 years, first as a personal support worker and now running recreation and leisure programming for senior residents, Maxfield is struggling to make her stagnant wages work during a period of high inflation. “In the last year I had to get […]
Category Archives: Business
TORONTO – The Ontario Public Service Employees’ Union has filed a lawsuit against three former executives, alleging financial improprieties. The union is seeking nearly $6 million it alleges was unlawfully transferred to former president Warren (Smokey) Thomas, former first vice-president/treasurer Eduardo Almeida and former financial services administrator Maurice Gabay, as well as millions more in […]
VANCOUVER – The Greater Vancouver Real Estate Board says home sales and prices continued their fall in December, dropping by 52 per cent and three per cent respectively from a year ago. The B.C. board says last month’s sales totalled 1,295, about 20 per cent lower than they were in November and 38 per cent […]
VANCOUVER – Canfor Corp. is extending sawmill curtailments in B.C. due to what it says are ongoing weak market conditions and a lack of available economic fibre. The Vancouver-based company says production will be reduced through two-week curtailment extensions in January at select solid wood facilities in B.C. The decision will remove about 21 million […]
The legal wrangling continues but experts say the odds of the $26-billion Rogers-Shaw deal closing have gone up substantially after a tribunal ruling delivered a “smackdown” to the Competition Bureau’s case against the telecom merger. “I think we’ll see it wrapped up if not in the first quarter (of 2023), then in the second,” said […]
DALLAS — Southwest Airlines is trying to make travellers who were caught in its surge of cancelled flights over the holidays feel a bit better about the airline by giving them 25,000 frequent-flyer points. The airline says the points are worth more than $300 in flights. Southwest included the offer in a letter — another […]
FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white collar fraud trials in recent years. The crypto founder appeared in US District Court in New York wearing a blue suit, white shirt and blue tie, and sitting at the defence […]
CALGARY – The Calgary Real Estate Board says home sales in the region ended the year on a record high even though December sales fell 31 per cent from a year ago. The Albertan board says it capped the year with 29,672 sales, including 1,204 last month. The December sales were not enough to offset […]
OTTAWA – The Competition Bureau is asking the Federal Court of Appeal to set aside a decision by the Competition Tribunal dismissing its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc. The federal competition regulator says the tribunal made a mistake in how it assessed the deal and the proposal that would […]
TORONTO – Canadian investors who made it through a tumultuous 2022 face further uncertainty in the year ahead amid increased recession risk, higher interest rates, persistent inflation, a jittery stock market and a plummeting real estate market. Investment professionals and personal finance experts say the easiest way to grow your money this year is to […]