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Massive unemployment numbers in Canada and U.S. | Business Panel

Sat, 05/09/2020 - 13:39

In April, two million Canadians and more than 20 million Americans lost their jobs as the COVID-19 pandemic ground the economy to a halt. Our weekend business panel discusses the numbers and the challenges ahead.

Safety investigation of COVID-19 in Cargill slaughterhouse didn't include worker representation, OHS finds

Sat, 05/09/2020 - 12:03

A review from Alberta's Occupational Health and Safety has found that Cargill did not attempt to engage worker representation as it investigated the circumstances that led to the largest COVID-19 outbreak linked to a single facility in Canada.

Telco customer sees internet bill more than triple during pandemic — and she's not alone

Sat, 05/09/2020 - 01:00

Customers who rely on cellular connections to access the internet say they're being hit with unfair overage fees when many are required to work and study from home. They want better price breaks and say promises to beef up high-speed access outside major cities haven’t resulted in action.

Deficit reduction will have to wait for the economic recovery, federal officials say

Sat, 05/09/2020 - 01:00

As the fallout from COVID-19 adds hundreds of billions of dollars to the national debt, senior federal officials say there will be no aggressive attempts at deficit reduction until Canada's economic recovery is well underway.

Postmedia seeks at least $20.3M in coronavirus-related emergency wage subsidies

Fri, 05/08/2020 - 14:54

Postmedia Network Canada Corp. expects to qualify for at least $20.3 million in COVID-related emergency wage subsidies from the federal government, the owner of Canada's largest newspaper chain said Friday.

Federal COVID-19 Indigenous business relief still leaves 'critical gaps,' says financial organization

Fri, 05/08/2020 - 12:38

A First Nations financial organization in the Atlantic region is voicing concern over the exclusion of band-owned, non-taxable businesses in federal financial relief programs during the COVID-19 pandemic.

Housing starts up in some parts of Canada despite COVID-19

Fri, 05/08/2020 - 11:17

Canada Mortgage and Housing Corp. says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic.

Statistics Canada to investigate after official job numbers leaked early

Fri, 05/08/2020 - 10:01

Statistics Canada has launched an investigation after a media outlet reported its latest job-loss figures more than a half hour before the data was officially released.

Wage subsidy program will be extended past June, says Trudeau

Fri, 05/08/2020 - 09:35

The federal government's emergency wage subsidy program, which is meant to help employers keep workers on the payroll, will be extended beyond its initial early June endpoint.

U.S. economy lost 20.5 million jobs in April

Fri, 05/08/2020 - 06:25

The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.

Canada lost nearly 2 million jobs in April amid COVID-19 crisis: Statistics Canada

Fri, 05/08/2020 - 05:41

Canada lost almost two million jobs during the month of April, a record high, as the impact of COVID-19 on the economy made itself known.

Canadian shoe chain Aldo seeks creditor protection, citing pandemic pressure

Thu, 05/07/2020 - 11:09

Montreal-based shoe chain Aldo Group is seeking protection from its creditors in Canada, the United States and Europe because of disruptions caused by COVID-19.

CPP-owned retailer Neiman Marcus files for bankruptcy

Thu, 05/07/2020 - 08:03

Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic.

Another 3 million Americans filed for jobless benefits last week

Thu, 05/07/2020 - 05:46

Some 3.1 million Americans filed for government jobless benefits in the week ended May 2, bringing the total number of newly unemployed people since the pandemic began to more than 33 million.

Greyhound Canada suspends all bus routes in Canada due to COVID-19

Thu, 05/07/2020 - 05:19

Greyhound Canada will halt all of its bus routes in Canada starting May 13 because of the coronavirus.

Bombardier starts gradual resumption of manufacturing, reports Q1 loss

Thu, 05/07/2020 - 04:49

Bombardier Inc. said it has started the gradual resumption of manufacturing operations at both its aircraft and rail operations that had been closed due to the COVID-19 pandemic, as it reported a loss of $200 million US in its first quarter.

General Motors to restart production in St. Catharines next week

Thu, 05/07/2020 - 04:36

General Motors says it plans to restart some production at its engine plant in St. Catharines, Ont. next week ahead of a wider restart of North American operations the week of May 18.

Like giant ice cream trucks, supermarkets on wheels get ready to roll into the neighbourhood

Thu, 05/07/2020 - 01:00

Shoppers tired of waiting in line outside a supermarket, or trying to secure a slot with one of the overbooked grocery delivery apps, have new options to bring groceries home. Startups and established companies alike are eager to offer Canadians fresh alternatives during the COVID-19 lockdown and beyond.

Online shopping during pandemic helped boost Shopify revenue by 47% last quarter

Wed, 05/06/2020 - 06:59

Canadian e-commerce firm Shopify Inc. said its revenue grew by 47 per cent compared to a year ago as more businesses signed up for the company's online selling platform during this COVID-19 pandemic.

Anxious about COVID-19 and returning to work? Here's what you need to know

Wed, 05/06/2020 - 01:00

With more businesses reopening, some employees are anxious about going back to work, worried their health could be at risk and wondering if they have any rights not to return. Here's what you need to know about your employment obligations if you are called back to work and any recourse you may have.

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