TORONTO — “We’re all in this together” has been a common refrain since the arrival of the COVID-19 pandemic last March, but the yawning chasm between dismal economic data and soaring stock market valuations suggests some Canadians are doing much better than others. A large segment of the population is untouched financially by the crisis […]
Tag Archives: business
MONTREAL — Learjet, the sleek private jet used by celebrities for decades, is ending production this year, following a slump in demand due to competition from newer and less-expensive rivals. Long before COVID-19 hit demand in 2020, the arrival of less-expensive similar-sized models from Embraer SA and Textron Inc’s Cessna eroded Learjet demand. Created by […]
FRANKFURT — Nigeria’s Ngozi Okonjo-Iweala was appointed Monday to head the World Trade Organization, becoming the first woman and first African to take on the role amid disagreement over how the body decides cases involving billions in sales and thousands of jobs. Okonjo-Iweala, 66, was named director-general of the World Trade Organization, which deals with […]
BANGKOK — Asian shares started the week off with a rally, as Japan’s Nikkei 225 index briefly topped 30,000 for the first time since August 1990. As of midday the Nikkei had fallen back below that level but was still up 1.3%, at 29,914.02. Shares also rose in India, South Korea and Australia. Markets in […]
WASHINGTON — A hacking campaign that used a U.S. tech company as a springboard to compromise a raft of U.S. government agencies is “the largest and most sophisticated attack the world has ever seen,” Microsoft Corp President Brad Smith said. The operation, which was identified in December and that the U.S. government has said was […]
Self-employed Canadians who received up to $14,000 in Canada Emergency Response Benefit (CERB) payments but were later told they were ineligible after a messaging mix-up won’t be forced to repay. Prime Minister Justin Trudeau made the announcement Tuesday in a reversal of his government’s previous position on the issue. “For people who accessed CERB […]
MONTREAL — Giving proper names to products is part of the Montreal-based furniture store Structube’s brand identity, but the store learned this week that for some products, proper names may be inappropriate and something more generic may be warranted. Structube caught some serious online flak for giving a pair of trashcans common Arab men’s names. […]
A northern Ontario university seeking creditor protection ran deficits dating back to at least 2014, a government adviser probing the school’s financial troubles says in an interim report obtained by The Canadian Press. In a Jan. 29 letter to the province’s minister of colleges and universities, Alan Harrison writes that a review of documents and […]
TORONTO — Five things to watch for in the Canadian business world in the coming week: Shopify results Shopify Inc. will release its fourth-quarter financial results on Wednesday. The Ottawa-based e-commerce company said in January that it plans to hire 2,021 new employees this year as part of an effort to double its engineering team […]
Kathy Hogarth remembers the day her then-10-year-old came home from school talking about Viola Desmond. “That, for me, represents the significance of highlighting Black figures,” says Hogarth, a professor at the University of Waterloo’s School of Social Work. The year was 2018 and Desmond, the Black Nova Scotian who fought racial segregation in her […]