By Staff The Canadian Press Posted February 22, 2021 1:28 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Canada’s largest banks will report their quarterly financial results this week, and analysts say they will be listening for hints […]
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WestJet Airlines Ltd. says it is laying off an undisclosed number of pilots amid negotiations with the union that represents them. Airline spokeswoman Morgan Bell says the layoff notices are going out ahead of the expiration of a memorandum of agreement on March 31, though negotiations are ongoing. Bell would not disclose the number of […]
Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up. Macklem says rising prices in particular for single-family homes are still a long way from the heated market the country observed about five years ago. Fuelling […]
TOKYO — Asian shares rose Monday on hopes for U.S. President Joe Biden’s stimulus package and bargain-hunting after sell offs last week. Japan’s benchmark Nikkei 225 surged 2.2% in morning trading to 29,587.82. Australia’s S&P/ASX 200 jumped 1.5% to 6,774.00. Hong Kong’s Hang Seng advanced 0.9% to 29,253.72, while the Shanghai Composite rose 0.6% to […]
The parliamentary budget office (PBO) says it could cost the federal government up to $15 billion to compensate First Nations families and children impacted by the child welfare system, as well as denials or delays of essential services. The figure updates the budget office’s initial estimate to include thousands more children, parents and grandparents […]
Executives who engage in so-called “vaccine tourism” show both an ethical disregard for those less fortunate and a surprising lack of business acumen, experts argue. Their comments came after the head of Canada Pension Plan Investment Board, Mark Machin, stepped down after admitting to travelling to Dubai to receive a COVID-19 vaccine. “The reputational damage […]
Wall Street’s mania over GameStop is on again, at least for one afternoon. Shares in the troubled video game company more than doubled Wednesday to $91.71 apiece, the stock’s best day since Jan. 27, when it was going for $347.51 a share. A rally in GameStop has been rare since it fell back to earth early […]
SAN FRANCISCO, CALIF. — Lauren Foundos has excelled at just about everything she has put her mind to, from college sports and Wall Street trading to her Forte startup that takes workouts online. Being a woman in the overwhelmingly male world of venture capital was still a barrier — but, like many other female entrepreneurs, […]
As the COVID-19 pandemic drags on, Canadian small businesses have racked up a collective $135 billion in debt because of the health emergency, according to estimates by the Canadian Federation of Independent Business (CFIB). Read more: Anand won’t say whether Canada waived right to sue over vaccine delays The group, which lobbies for small […]
OTTAWA — The federal government ran a deficit of $248.2 billion through the first nine months of its 2020-21 fiscal year as spending soared due to the pandemic. The result for the April-to-December period compared with a deficit of $11 billion in the same period a year earlier. The government says in its fiscal monitor […]