OSHAWA, Ont. – The hulking grey shell of GM’s Oshawa assembly plant looks just like it did when the company shut down production on a frigid December day in 2019, but much of what’s inside is strikingly new. There’s a new product — as of the November restart, the plant makes huge (and hugely profitable) […]
Category Archives: Business
I feel a cautious optimism within Canada’s hospitality sector that some of the worse impacts of the COVID-19 pandemic, including the devastating restrictions placed on in-dining service at restaurants and bars, may be behind us. Finally, the industry can now shift our focus to the long-term and what needs to be done to recover from […]
ST. JOHN’S, N.L. – Newfoundland and Labrador will have to wait another 40 days for a federal decision on the fate of a proposed offshore oil project led by Norwegian oil giant Equinor. Ottawa said Friday in a news release that federal Environment Minister Steven Guilbeault has been granted another 40 days to review the […]
International Women’s Day is March 8 — but is one day really enough to celebrate and support women? COVID-19 has been difficult for everyone, and business owners have been particularly hard hit, juggling staffing challenges, lockdown regulations and lack of government support, among other challenges. The pandemic has acutely and disproportionately affected women-owned and run […]
OTTAWA – Canada’s top central banker says the first of several rate hikes from the Bank of Canada is aimed at staving off a problematic economic scenario that could be more costly to households than the double-whammy of higher inflation and interest rates. Speaking to reporters Thursday, Governor Tiff Macklem looked back a half-century ago […]
March 1 marked a big day in Ontario, with proof of vaccination no longer required for workplaces, and capacity limits for indoor public settings being lifted. With restrictions slowly being lifted, many workers are wondering what masking policies they will face as they slowly return to in-person work at the office. The government of Ontario […]
TORONTO – Canada’s main stock index was relatively flat after a volatile couple of days as investors continue to assess the impact of Russia’s unprovoked invasion of Ukraine and central bank responses to soaring inflation. The S&P/TSX composite index closed down 5.23 points to 21,250.41. In New York, the Dow Jones industrial average was down […]
Medical professionals and industry groups are calling on Ottawa to end all COVID-19 border testing requirements as the travel sector struggles to recover two years into the pandemic. Rule changes, including removal of the requirement that fully vaccinated Canadian travellers take a pre-departure COVID-19 molecular test, took effect Monday. Rapid antigen tests administered by a […]
TORONTO – It’s been a tough run for bond markets as investors anticipate central bank interest rate rises like the Bank of Canada’s move this week, but financial advisers say it’s still important to have hedges in your portfolio to balance the risks in holding stocks. “There’s an awful good reason to have some bond […]
WestJet Airlines Ltd. is buying Toronto-based rival Sunwing Airlines Inc. in an effort to tap into the vacation travel market as COVID-19 restrictions ease. The companies say the takeover, which was announced Wednesday, will see the creation of a new tour operating business that combines Sunwing Vacations and WestJet Vacations Inc. The purchase price for […]