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Whitehorse businesses move to phone and online sales amid COVID-19 precautions

10 hours 46 min ago

Many small businesses in Whitehorse are locking their front doors and reducing their hours, but that doesn't mean they're shutting up shop. 

How the COVID-19 pandemic is 'driving innovation' in Canada and around the world

13 hours 46 min ago

Around the world, people are finding new ways to fight the novel coronavirus pandemic and protect those on the front lines.

'I'm phobic of debt': Small business owners not in love with federal government's emergency loans

Sat, 03/28/2020 - 15:35

Canadian small business owners listened closely to Prime Minister Justin Trudeau and Finance Minister Bill Morneau on Friday as they announced the federal government's plans to help small businesses survive the financial crisis of COVID-19. Many were encouraged by the new 75 per cent wage subsidy. Others were disappointed to hear that a big portion of the help for them comes in the form of loans.

Is it safe to eat takeout, delivery food during COVID-19 outbreak? Experts say take precautions

Sat, 03/28/2020 - 08:46

How significant is the risk of COVID-19 when handling pickup and delivery items? While the chances of transmission via food courier are quite low, experts say taking a number of precautionary steps can help minimize risk and put the mind at ease.

4 passengers die on stranded cruise ship carrying 247 Canadians

Fri, 03/27/2020 - 10:48

Four passengers have died on board a Holland America Line cruise ship currently sailing off the coast of Panama. Many other passengers on the ship, the Zaandam, have flu-like symptoms and two have tested positive for COVID-19. 

Bank of Canada makes another emergency cut to interest rate

Fri, 03/27/2020 - 06:36

The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

Budget watchdog says federal deficit could climb to $112.7B next year

Fri, 03/27/2020 - 05:49

Parliament's budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion. That's a jump of $89.5 billion from previous forecasts as government spending climbs to combat the economic fallout from COVID-19.

'A hard stop' — Just how bad will this COVID-19 recession be for Canada?

Fri, 03/27/2020 - 01:00

Canada is only now seeing the tip of the iceberg known as COVID-19, but it's already clear that its economic impact will set records. Economists say the outlook for jobs and the economy may be bleak, but the depth and suddenness of the decline may provide hope for a quick rebound.

Sunwing laying off 1,500 flight staff, including pilot with COVID-19

Fri, 03/27/2020 - 01:00

When Sunwing pilot Derek Butcher recovers from COVID-19, which he believes he picked up on the job, he won’t be returning to work. That’s because Sunwing is laying off all of its 470 pilots and 1,063 flight attendants.

'We had to put a foot down': In Ontario, construction is an essential service, but some workers fear COVID-19

Fri, 03/27/2020 - 01:00

Construction is on Ontario's list of essential services that can keep operating during the COVID-19 pandemic, but there are growing calls within the sector for a broad industry shutdown, such as the one Quebec instituted this week.

Price of Canadian oilsands crude plunges to lowest level on record — and could be headed to $0

Thu, 03/26/2020 - 16:39

The price of oil from Western Canada hit an a record low on Thursday and pushed the value of bitumen to zero or even negative, according to one analyst.

Cyberattack forces Ontario Beer Store locations to go cash only

Thu, 03/26/2020 - 11:54

A cyberattack has forced an unknown number of Ontario's more than 400 Beer Store locations to go cash only, as their credit and debit processing capabilities were wiped out.

Flight cancelled from COVID-19? Airlines owe you a voucher — but not a refund, CTA says

Thu, 03/26/2020 - 09:25

The Canadian Transportation Agency says airlines are not required to refund passengers for flights cancelled due to the COVID-19 pandemic or other reasons outside an airline's control. 

China prepares to close borders to foreigners, fearing 2nd wave of COVID-19

Thu, 03/26/2020 - 09:01

China announced Thursday it is closing its borders to all foreigners as of Saturday, including those with visas and residency permits. The move comes as it tries to stem the number of new coronavirus infections, most of which are now coming from abroad.

CMHC to take more mortgages off banks' books to free up cash for loans amid COVID-19 crisis

Thu, 03/26/2020 - 08:46

The Canada Mortgage and Housing Corporation is expanding the number of insured mortgages it is willing to buy from banks to the banks have more freedom to lend out more money to consumers and businesses and keep the economy humming.

U.S. jobless claims soared to record 3.2M last week as COVID-19 crisis took hold

Thu, 03/26/2020 - 05:55

The number of Americans applying for government jobless benefits shattered the previous record level last week, as more than three million workers suddenly found themselves out of work.

Canada's food sector warning of shortages unless agriculture is deemed an essential service

Thu, 03/26/2020 - 05:25

Canada's agriculture sector is warning of higher prices and potential food shortages if it it isn't designated an essential service and allowed to do business as usual during the COVID-19 crisis.

Why many passengers grounded by COVID-19 aren't getting refunds for cancelled flights

Thu, 03/26/2020 - 01:00

Canadian airlines are telling grounded passengers without travel insurance they won't be getting a refund for flights cancelled because of COVID-19 — only travel credits. A consumer lawyer says carriers have a responsibility to offer refunds.

Politicians who consider sacrificing the old for the sake of the economy face a backlash: Don Pittis

Thu, 03/26/2020 - 01:00

Those who say the value of human life cannot be measured may not know one of the dark secrets of economics. As we hear about the staggering death rates from COVID-19 in Italy and Spain, we must face the fact that whenever there is a cost to keeping people from dying, there is always a trade-off.

Help for oilpatch coming in 'hours, possibly days,' federal finance minister promises

Wed, 03/25/2020 - 10:05

Federal Finance Minister Bill Morneau says Ottawa is in "hourly contact" with the energy sector, aiming to ensure companies have the credit facilities they need as the industry struggles.

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