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Updated: 2 hours 55 min ago

Retailers call on Ontario to open non-essential stores, say restrictions aren't working

4 hours 27 min ago

A group of about 50 retailers called on the Ontario government on Tuesday to open all stores across the province — including those in lockdown regions, where they suggest imposing a 25 per cent capacity limit on "non-essential" stores.

Fiscal update brings more talk about help for working women, but precious few details

10 hours 33 min ago

Ottawa's fiscal update on Monday outlined the government's plans to steer the economy through the pandemic and into sustained growth and recovery. But economists and policy makers say a big part of that recovery will hinge on what help is coming for one of the hardest hit demographic groups: women.

BMO profit jumps 33% to $1.6B

15 hours 7 min ago

BMO Financial Group says it is winding down its non-Canadian investment and corporate banking business in the energy sector as the bank topped expectations with a $1.6-billion profit in its latest quarter.

Scotiabank CEO 'cautiously optimistic' about economic outlook despite profit drop to $1.9B

15 hours 17 min ago

Bank of Nova Scotia's president and chief executive says he's "cautiously optimistic" about the economy's ability to bounce back from COVID-19 next year.

Canada's economy bounced back at record 40% pace in third quarter — but GDP still below pre-COVID level

15 hours 22 min ago

Statistics Canada says the economy grew at a record annualized pace of 40.5 per cent in the third quarter as businesses came out of COVID-19 lockdowns.

How is the economy doing? Numbers from the big banks this week will give us a good hint

21 hours 32 min ago

Monday's fiscal update gave us a pretty good look at how much red ink has been spilled on the government's finances — and just how long it might take to clean it up. A series of pronouncements from Canada's biggest lenders this week should give us a similar glimpse of how things are doing in the real economy.

Imperial Oil to write down up to $1.2B, no longer plans to develop 'significant portion' of Alberta assets

Mon, 11/30/2020 - 20:52

Imperial Oil says it will write down between $900 million and $1.2 billion this quarter as it no longer plans to develop "a significant portion" of its unconventional assets in Alberta. 

Highlights of the Trudeau government's 2020 fall economic update

Mon, 11/30/2020 - 14:56

Finance Minister Chrystia Freeland unveiled her long-awaited fall economic statement today, updating the federal government's fiscal strategy for coping with the ongoing COVID-19 pandemic and shaping the recovery.

Canadians now owe more than $2 trillion, Equifax says

Mon, 11/30/2020 - 14:49

Consumer demand for credit intensified in the third quarter, driven chiefly by increases in mortgage balances and new auto loans, according to data released Monday by credit reporting agency Equifax.

Pandemic-induced demand for more space pushing up cottage prices, real estate firm says

Mon, 11/30/2020 - 10:50

Cottage country home prices are increasing as Canadian buyers looking for more space during the pandemic aim to move there full-time, according to a report released Monday by Royal LePage.

Complaints about internet quality spiked after COVID-19 started, consumer watchdog CCTS says

Mon, 11/30/2020 - 09:09

Canada's ombudsman for wireless, internet and TV services received fewer consumer complaints last year, but billing continued to be the top issue.

Families say valued possessions still missing years after bank emptied their safety deposit boxes

Mon, 11/30/2020 - 01:00

Two families say they are still missing their most valued possessions years after TD Canada Trust drilled open and emptied their safety deposit boxes. Experts say banks operate the boxes "as a side business" with no rules except those they set for themselves. 

COVID-19 has sucked the oxygen out of the room on the climate economy

Mon, 11/30/2020 - 01:00

An essential debate over tree planting, carbon pricing and building a low carbon economy has been delayed by the COVID-19 crisis.

Black Friday brings massive crowds, multiple fights to Calgary mall

Sat, 11/28/2020 - 11:35

Despite new provincial restrictions introduced this week, large crowds descended on Chinook Centre during Black Friday sales — and Calgary police say a couple of instances quickly got out of control.

Tony Hsieh, retired CEO of online shoe retailer Zappos, dead at 46

Sat, 11/28/2020 - 09:00

Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city's downtown area, has died. He was 46.

Locked in legal fight over rents, HBC's big plan to survive COVID-19 may be to go small

Sat, 11/28/2020 - 01:00

HBC is being sued for millions of dollars in unpaid rent. But the real fight is over how the retailer will look once the COVID crisis is over, and shrinking its footprint might be the best available option, say analysts.

Sobeys brings back hero pay for grocery workers in lockdown areas

Fri, 11/27/2020 - 09:37

Grocery chain Sobeys has reinstated a program that will see workers in areas locked down because of COVID-19 get a pay bump.

How local, online startups are hoping to snatch Black Friday away from the big boys amid COVID-19

Fri, 11/27/2020 - 01:00

Black Friday sales have traditionally been the domain of big, national chains with beefed-up advertising budgets. But this year, there's a push to make sure the annual bonanza of consumer spending goes as much as possible to the stores that need it most: small, local retailers.

Indigenous communities secure $100M to clean up old and gas wells

Fri, 11/27/2020 - 01:00

Indigenous leaders have secured an allotment of funding to clean up old oil and gas wells on First Nation and Metis land in Alberta, after more than half a year of lobbying, including several meetings with the premier and energy minister.

Nav Canada warns air traffic controllers that job cuts are coming as pandemic crushes revenue

Thu, 11/26/2020 - 17:54

Air traffic controllers are being warned that layoffs are coming as Nav Canada pursues a "full restructuring" in response to a revenue slump caused by the COVID-19 pandemic, CBC News has learned.

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