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Updated: 1 hour 7 min ago

Companies that laid off workers due to COVID tell Bank of Canada they plan to rehire this year

1 hour 54 min ago

Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions over the next year, but many hiring plans remain muted over COVID-19-related uncertainty.

Cineplex sues former merger partner Cineworld for $2.1B

4 hours 26 min ago

Cineplex Inc. has filed a lawsuit against its former suitor Cineworld Group PLC, seeking damages over the U.K. company's failed acquisition that could exceed the $2.18 billion outstanding on the deal.

State grip on economy means foreign sanctions won't shift Chinese resolve: Don Pittis

9 hours 34 min ago

A giant and growing internal economy and state grip on economic levers mean external threats won't change China's mind. Only the Chinese people can do that.

First Nations losing oil revenue amid fall in consumption, drilling

9 hours 35 min ago

For First Nations that rely on collecting royalties and rent from oilpatch activity on their reserve land, the revenue has quickly dried up. In fact, it's becoming costlier to manage oil and gas production on First Nations land than the amount of money collected from industry.

How fashion retailers are surviving COVID-19 on the long road back to normalcy

Fri, 07/03/2020 - 13:04

COVID-19 has slammed Canada's fashion sector like a hurricane, causing serious damage and likely leaving a few casualties in its wake.

Canadian drivers with U.S. licence plates harassed by fellow Canadians

Fri, 07/03/2020 - 01:00

Some Canadians driving cars with U.S. licence plates say they've endured vandalism, harassment and even a minor assault from fellow Canadians convinced that they're Americans illegally in Canada. 

Tanker full of Alberta oil makes its way east to New Brunswick — via the Panama Canal

Thu, 07/02/2020 - 17:47

Crude headed for Irving Oil refinery will travel 11,900-kilometre route through the Panama Canal.

Nestle sells Pure Life bottled water business as changes to Ontario groundwater rules loom

Thu, 07/02/2020 - 13:06

Nestle Canada Inc. says it is selling its Pure Life bottled water business to Ice River Springs as Ontario prepares to give its municipalities veto power over new water bottling permits.

Whether you're a Toronto banker or a Montreal tech whiz, Jason Kenney wants you to come west

Thu, 07/02/2020 - 10:37

A major push to draw business to the province — including Bay Street financial firms — is one part of the province's drive to reboot and diversify its economy.

U.S. economy adds record 4.8 million jobs in June, but still well below pre-COVID peak

Thu, 07/02/2020 - 07:57

The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession might be over, though a surge in cases of the coronavirus threatens the fledgling recovery.

Investors make Tesla most valuable car company in the world despite being outsold by Toyota 25-1

Thu, 07/02/2020 - 06:32

Tesla Inc. became the most valuable car company in the world on Wednesday, a day before the electric car maker posted better-than-expected sales numbers.

3 Canadian big banks join Facebook ad boycott

Wed, 07/01/2020 - 13:32

Three of Canada's biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation.

Stocks rise as Wall Street heads for 3rd straight gain

Wed, 07/01/2020 - 08:44

Stocks are drifting higher in midday trading on Wall Street, putting the market on track for its third gain in a row.

U.S. trade ambassador promises enforcement of new North American trade deal

Wed, 07/01/2020 - 07:39

The new North American trade agreement is officially the law of the land, and the Trump administration is vowing to ensure that Canada, Mexico and the United States live up to their obligations.

In a world economy reshaped by a virus, the new North American trade deal takes effect

Wed, 07/01/2020 - 01:00

As negotiators shook hands on the revised North American free trade agreement, they couldn’t have foreseen the fundamental upheaval their countries would soon be facing thanks to the COVID-19 pandemic. If the Trudeau government is looking to celebrate something this Canada Day, it may be the relative security of the status quo that was more or less preserved in the talks.

Not so sweet season for B.C. farmers, cherry pickers due to weather and COVID-19

Wed, 07/01/2020 - 01:00

The cherries on Sukhdeep Brar's 100-acre orchard in Summerland, B.C., are just a few weeks out from ripening. But if he doesn't manage to find the workers to pick them, they will spoil.

Some Canadian air passengers wary as seat distancing COVID-19 precaution rolled back

Tue, 06/30/2020 - 18:34

As Canada's two largest airlines move to end so-called seat distancing, travellers have mixed feelings about stepping on board an aircraft in the age of COVID-19.

Pandemic response is just one more reminder of Canada's economic blessing: Don Pittis

Tue, 06/30/2020 - 14:16

On Canada Day, let's take a rare opportunity to be smug about our understated affluence. Investing in people is Canada's strength, and we’ve seen how easy it is to mess it up, columnist Don Pittis writes.

Air Canada cancels 30 domestic routes, closes 8 stations at regional airports

Tue, 06/30/2020 - 09:36

Air Canada is indefinitely suspending service on 30 domestic regional routes and closing eight stations at regional airports.

Canada's economy shrank by almost 20% in March and April, but turnaround seen in May data

Tue, 06/30/2020 - 06:18

Canada's economy shrank by 11.6 per cent in April, the biggest plunge on record, following March's contraction of 7.5 per cent as COVID-19 lockdowns began.

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