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Updated: 1 hour 49 min ago

Trudeau to unveil rent relief for businesses forced to shut down during pandemic

Fri, 04/24/2020 - 05:25

Prime Minister Justin Trudeau is expected to announce today significant rent relief to help businesses that can't afford to pay their landlords at a time when their operations are shut down due to the COVID-19 pandemic.

Free online 'threat blocker' launched in Canada as successful COVID-19 scams multiply

Thu, 04/23/2020 - 13:50

As the number of successful pandemic-related scams continues to grow online, Canada's cyber spy agency is helping to launch a new — and free — threat-blocking tool for all Canadians to use. This first-of-its-kind initiative is getting tentative applause in cyber security circles.

No more middle seats? Airlines ponder new normal of flying in era of COVID-19

Thu, 04/23/2020 - 08:52

Airlines around the world have started getting rid of middle seats to help limit the spread of COVID-19. But the million-dollar question for passengers loving their new legroom is, how long will it last?

4.4M Americans filed for jobless claims last week, bringing COVID-19 total above 26M

Thu, 04/23/2020 - 05:53

Another 4.4 million Americans filed for government jobless benefits for the first time last week, bringing the total number to more than 26 million people since the middle of March.

Ford mused about 'loosening' restrictions in May, but getting Ontario back to normal not that simple

Thu, 04/23/2020 - 01:00

While closing much of the province amid the COVID-19 pandemic was quick, reopening it all will take far longer, even beyond a year, epidemiologists predict. And no one knows for certain how it will play out.

Dominion Diamond Mines files for bankruptcy protection

Wed, 04/22/2020 - 17:14

Citing closed diamond markets in light of the COVID-19 pandemic, Dominion Diamonds Mines has sought and received insolvency protection under the Companies' Creditors Arrangement Act.

WestJet to lay off 3,000 more employees as demand for service craters

Wed, 04/22/2020 - 15:49

WestJet says a further 3,000 of its workers will be laid off in early May as demand for flights craters amidst the COVID-19 pandemic.

Canadians are baking so much that Robin Hood flour is running out of bags — but not flour

Wed, 04/22/2020 - 12:50

Feverish demand for baking has one of the biggest sellers of flour in the country saying it is having trouble finding enough of its usual bags to store it.

Expect your Tim Hortons workers to wear masks now, coffee giant says

Wed, 04/22/2020 - 06:25

Tim Hortons workers will now wear masks and have their temperatures checked before shifts, the chain announced Wednesday in its latest business change amid the COVID-19 pandemic.

Inflation rate cools to slowest pace since 2015 in March

Wed, 04/22/2020 - 06:05

Statistics Canada reports Canada's annual inflation rate was 0.9 per cent in March, its smallest increase since May 2015.

'I'm spending way less': How the lockdown is leading to more savings for some Canadians

Wed, 04/22/2020 - 01:00

The pandemic lockdown is forcing a new kind of frugality on Canadians. The fact is there are far fewer places to spend money. Some Canadians lucky enough to have maintained their income are actually seeing savings. Could the COVID-19 crisis change some of our spending habits long term?

Bell, TekSavvy customers shocked by price hikes during COVID-19 pandemic

Wed, 04/22/2020 - 01:00

Some Bell and TekSavvy customers say they were shocked to learn they're facing a price hike in the midst of the COVID-19 pandemic. Bell says the increases were set in motion before the pandemic hit. TekSavvy says it had no choice due to court battles that involve Bell and the other big telcos.

17 Canadians among new accusers in Peter Nygard rape lawsuit

Tue, 04/21/2020 - 16:42

Seventeen Canadians are among 36 women who have newly come forward to say they were sexually assaulted by Canadian fashion mogul Peter Nygard. The allegations are contained in an updated class-action legal complaint filed in New York on Monday.

Netflix adds almost 16 million new customers amid lockdowns

Tue, 04/21/2020 - 13:24

Netflix Inc. on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus forced people to stay at home and watch shows online including the wildly popular Tiger King.

Air Canada to temporarily suspend flights to U.S.

Tue, 04/21/2020 - 10:51

Air Canada is suspending all service to the United States, after Canada and the U.S. agreed to extend restrictions on cross-border travel for another 30 days because of COVID-19.

3M files lawsuit in Canada against firm accused of price-gouging on N95 masks

Tue, 04/21/2020 - 10:02

Minnesota-based 3M has filed a lawsuit against an Ontario company that allegedly claimed a phoney affiliation with the U.S. medical-gear maker to sell hard-to-find N95 face masks at exorbitant prices amid the coronavirus pandemic.

Canadian retailers saw higher sales in February before COVID-19 hit

Tue, 04/21/2020 - 07:00

Statistics Canada says retail sales rose in February for a fourth consecutive month as they climbed 0.3 per cent to $52.2 billion, boosted by sales at motor vehicle and parts dealers and at general merchandise stores.

The day oil was worth less than $0 — and nobody wanted it

Tue, 04/21/2020 - 01:00

The markets have been excessively volatile since the pandemic began, but on Monday the truly unthinkable happened — oil prices turned negative.

Crude storage is filling fast as demand tumbles, piling pressure on oilpatch

Mon, 04/20/2020 - 08:56

From Oklahoma to Alberta and around the globe, oil storage is filling quickly — flowing into tank farms, tanker ships and salt caverns.

Oil price plunges to lowest level since 1999 as world drowns in oversupply

Mon, 04/20/2020 - 05:59

Oil prices plunged on Monday because storage facilities around the world are filling up with crude there's no demand for as the global economy is locked down by COVID-19.

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