TORONTO – North American stock markets moved lower Thursday on a report that U.S. President Joe Biden is planning to nearly double the capital gains tax on wealthier Americans. Markets initially welcomed lower unemployment claims and good earnings results, but fell around 1 p.m. after Bloomberg reported that investors earning US$1 million or more would […]
Category Archives: Business
OTTAWA – Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take. Speaking at a virtual event, Freeland says the federal government wants to work with lower levels of government on the issue, saying […]
As pressure grows on the province to introduce a paid sick leave program for essential workers, Ontario’s industry groups appear to be warming to the idea — to an extent. Since the pandemic began, calls for the province to mandate paid sick leave for essential workers have been met with resistance from businesses, many of […]
MONTREAL – SNC-Lavalin’s chief executive received a big pay raise in his first full year at the helm of the engineering firm as his total compensation surpassed $8 million, according to a regulatory filing. Ian Edwards’s total compensation rose to $8.02 million from $3.74 million in 2019 largely due to a big boost in share-based […]
VANCOUVER – Discount U.S. airline JetBlue is expanding its operations with its first flights to Canada. The New York-based airline says it will launch flights between Vancouver and New York, as well as seasonal service to Boston, starting in the summer of 2022. The move is part of plans to add seven destinations to its […]
MONTREAL – Cirque du Soleil Entertainment Group says it is resuming shows after being closed for more than a year due to the pandemic. The company says “O” at the Bellagio and Mystere at Treasure Island will reopen this summer in Las Vegas. The group’s touring show division will present Kooza in Punta Cana, Dominican […]
TORONTO – Rogers Communications Inc. reported a three per cent increase in first-quarter profit compared with the same time last year, which included the first weeks of Canada’s COVID-19 lockdowns. The Toronto-based wireless, internet and media company reports its net income was $361 million or 70 cents per diluted share, up from $352 million or […]
When storms hit Toronto, Little Italy’s lights are often the first to go out. The neighbourhood’s tightly packed houses and aging infrastructure make it a trouble spot on the city’s electricity network. With no spare land to build a new substation, energy startup MPOWER has come up with a novel solution: batteries. Around a dozen […]
The federal government has extended several support programs for Canadians facing unemployment and loss of income during the pandemic, including extending temporary changes to Employment Insurance. Here’s a breakdown of what the 2021 budget holds for COVID-19 income support. Extensions of COVID-19 income support programs Some of the income support benefits introduced last year to […]
Celina Blanchard would much rather be serving customers one of her classic margherita pizzas and a glass of Barolo. Instead, since December, the owner of Roncesvalles favourite Pizzeria Lambretta has kept her restaurant closed, as COVID-19 cases surged and lockdowns restrict restaurants to takeout and delivery. “Staying open just for takeout wouldn’t be worth it. […]