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Economy – Macleans.ca

Oh, how we’ve changed: Coronavirus ups and downs 2020-05-28 19:14:22The coronavirus index? Here is what Canada loved, gave up, made and threw out in isolation during the COVID-19 pandemic The post Oh, how we’ve c

Coronavirus is shaking up Canada’s housing market, but 2020-05-26 10:59:29Immigration, which drove hot markets like Toronto and Vancouver, is the wildcard The post Coronavirus is shaking up Canada’s housing market, but

How a hair-care company went from salon supplier 2020-05-19 18:24:37AG Hair could have waited out the pandemic but instead decided to lean into its entrepreneurial culture and make a sharp pivot The post How a hair-car

Furloughed workers with COVID-19 fears can’t just stay 2020-05-19 15:51:13If you have been temporarily laid off and your boss asks you to go back to work and you say no, then you’re essentially quitting your job The po

Canada’s economy may never return to what it 2020-05-13 15:20:14No, it won't come roaring back by the summer. Canada is enduring an economic collapse many economists warn will make the Great Recession seem tame by

How to save the economy 2020-05-13 15:20:10Top Canadian economists explain what Ottawa should do next The post How to save the economy appeared first on Macleans.ca.

COVID-19 has created a debt crisis for Canadian 2020-05-08 16:07:07From debt consolidation to consumer proposals here are options to consider The post COVID-19 has created a debt crisis for Canadian households appeare

How dormant websites could lead to a better 2020-05-08 13:25:16These charts from a Toronto research company with a unique way of collecting survey data show how people are grappling with the coronavirus The post

How food supply disruptions from COVID-19 are leading 2020-05-05 15:15:30Q&A: An Ontario farm and trucking operator explains how COVID-19 is making produce more expensive The post How food supply disruptions from COVID-


North American stock markets up slightly to start New! 2020-06-01 17:29:08

Trudeau promises to speed $2.2 billion in funding 2020-06-01 16:57:50

Ontario puts temporarily laid-off workers on emergency leave, 2020-06-01 16:55:58Business groups are applauding the move, but employment lawyers say it could cause confusion and trigger lawsuits.

Ontario makes temporary change to layoff regulations to 2020-06-01 16:46:28The provincial government announced Monday that it will make amendments to the Employment Standards Act. The changes will see non-unionized workers wh

The Kiriakou family ran the Wexford Restaurant since 2020-06-01 16:40:11Politicians, hockey players — even the Stanley Cup — made appearances at the iconic Scarborough diner

How mobile phones could help trace the spread 2020-06-01 16:07:00Given that most of the population carries a cellphone or smartphone with them, there’s a push from health advocates and technology companies ali

Canopy Growth tumbles on lower recreational sales in 2020-06-01 16:03:56The results showed a wider loss and sales decline at a time when most peers are showing improvements.

Bombardier exits commercial jet sector with closure of 2020-06-01 15:36:33The deal adds sorely needed capital to a firm whose debt tops US$9 billion and whose backlog of business jet orders is falling fast as clients and com

Quebec Maple Syrup Producers set new record for 2020-06-01 15:18:31

Bell Canada to sell 25 data centres for 2020-06-01 14:44:01Bell says the deal reflects its focus on investing in the network infrastructure, content and services.

Reitmans closing Thyme Maternity, Addition Elle brands during 2020-06-01 14:28:48Reitmans operates 54 Thyme Maternity stores and 77 Addition Elle locations, which will close along with their e-commerce websites on July 18 and Aug.

Linda Seymour named new president and chief executive 2020-06-01 14:21:37

: Money

TD, CIBC report massive profit drops amid COVID-19 2020-05-28 15:16:31Payment deferral programs are weighing down the banks' financial performance.

U.S. weekly jobless claims stay above 2 million 2020-05-28 09:22:05Analysts are watching the jobless claims data for signs of how fast — or slow — the recovery will be.

Coronavirus: What does Banff look like without international 2020-05-28 06:00:53Banff, as a town, was created to serve tourists visiting the national park. So, what happens when a global pandemic restricts the 50 per cent of its v

Working from home during coronavirus? Some expenses are 2020-05-27 16:40:05The shift from cubicles and commutes to kitchen tables and yesterday's sweatpants happened almost overnight for millions of Canadians. So who's on t

Booking or changing a flight? Here are the 2020-05-27 15:19:16Airlines are touting 'flexible' bookings, but one consumer advocate says they come with many risks.

Canadian homes prices could drop up to 25% 2020-05-27 13:14:04Canada's federal housing agency is warning about significant home prices drops over the next year.

Canada likely now has deficit of $260 billion 2020-05-26 17:22:24Budget officer Yves Giroux previously estimated the federal deficit at $252.1 billion this fiscal year on account of a sharp increase in spending on e

10 days paid sick leave could be more 2020-05-26 15:27:06As the government mulls over the idea, experts say implementing such a policy may be more costly than it would be beneficial.

Despite coronavirus, GTA real estate prices are rising 2020-05-26 13:12:24Despite the economic chaos caused by the novel coronavirus, home prices in the Greater Toronto Area are up slightly from this time last year.

No light at the end of the tunnel: 2020-05-23 06:00:07An expected dearth of summer camp options means there's no end in sight for working parents' juggling act.

Canadian retail sales dropped 10% in March 2020-05-22 09:04:11It was the largest monthly drop on record but April figures will likely be worse, Statistics Canada said.

Grappling with layoffs, WestJet asks minister for labour 2020-05-21 20:53:39A labour code exemption would void the requirement of 16 weeks notice for terminating more than 50 workers, a union official said.

Canada Business - The

Reitmans Is Closing Down Thyme Maternity And Addition New! 2020-06-01 19:24:10Reitmans (Canada) Ltd. will close two of its retail chains and lay off roughly 1,400 workers as the company continues a restructuring amid the pandemi

Many New Toronto Condo Investors Losing Money As 2020-05-31 14:00:12While new home sales in Toronto took a tumble last month, recently finished investor-owned condos in the city’s rental market have also bee

Disruption To Canada's Immigration In Pandemic Will 'Reverberate' 2020-05-30 13:48:17MONTREAL ― Canada will miss its immigration targets by a wide margin this year, and potentially in future years, a disruption that “will r

Privacy Survey Finds Steep Drop In Canadians Willing 2020-05-30 09:49:40A new report from the Canadian Internet Registration Authority (CIRA) suggests Canadians are less willing to share personal data online than they used

Alberta To Give Out 20 Million Masks For 2020-05-29 21:56:44EDMONTON — Alberta is planning to distribute 20 million non-medical masks for free at hundreds of drive-thru fast-food restaurants.Health Minist

Canadian Economy Shrank More Than U.S. At Start 2020-05-29 10:20:18Canada’s economy shrank at the fastest pace since the Great Recession as the COVID-19 pandemic took hold, Statistics Canada said in a report iss

'Star Trek Finance' In Effect As Canadian Banks 2020-05-28 16:50:10TORONTO ― Slashed interest rates and a widespread economic shutdown ate into second-quarter profits at Canada’s major banks, with financia

Doug Ford: 'Greedy' Investors Should Get Out Of 2020-05-28 14:49:44TORONTO — Ontario Premier Doug Ford says investors who are more worried about profit than people’s lives should sell their stakes in nursi

Real Estate Industry Criticizes CMHC’s ‘Irresponsible,’ ‘Panic-Inducing’ House 2020-05-28 13:07:35MONTREAL ― Members of Canada’s real estate and mortgage lending industries have lashed out at the head of the country’s government-r

Feds Say They’re Powerless To Improve Care Homes 2020-05-27 16:58:59NDP Leader Jagmeet Singh says the federal government must intervene with a national chain of long-term care homes — that are privately operated

Doug Ford: Ontario To Take Over 5 Care 2020-05-27 14:49:13TORONTO — Ontario is taking over management of four of the five long-term care homes that were the subject of a Canadian Armed Forces repor

Rich Torontonians Eyeing An Exodus From City After 2020-05-27 13:45:21As the coronavirus pandemic spread across the world earlier this year, news reports emerged that many rich people were fleeing dense cities for the pe

CBC | Business News

Changing of the guard at Bank of Canada 2020-06-01 04:00:00Strange times and a shifting role for central bankers may mean newly appointed Tiff Macklem will find governorship a poisoned chalice.

Ottawa pledges millions to promote tourism within Canada 2020-05-31 17:29:59With international borders closed and Canada's tourism industry reeling from the coronavirus pandemic, the federal government will use funds original

Canadian Transportation Agency overwhelmed by 2-year backlog of 2020-05-31 11:30:35The Canadian Transportation Agency is wrestling with a backlog of nearly 14,000 air passenger complaints accumulated over the past two years, at the s

From vodka to colourful bread, proponents of purple 2020-05-31 07:00:00Purple wheat hasn’t made it big as an ingredient in Canadian products quite yet, finding more of its success overseas, but those studying and ma

COVID-19 has Canada's banks worried about sickly loans, 2020-05-31 04:00:00Canada's biggest lenders posted quarterly results this week, and the numbers showed that while they are setting aside a lot more money to cover loans

Planning a Canadian vacation? Some provinces may be 2020-05-31 04:00:00This summer, many Canadians may choose to explore their own country due to closed borders and concerns about contracting COVID-19 while travellin

First-time 'RV curious' travellers driving up domestic demand 2020-05-30 04:00:00Some businesses that sell or rent RVs are seeing more demand from Canadians who can't take holidays outside the country during the pandemic. Newcomer

What we can learn from China and Sweden 2020-05-30 04:00:00Data on travel from China and Sweden is painting an early picture of how different a post-lockdown world could look.

Laurentian Bank cuts dividend by 40% 2020-05-29 10:06:30Laurentian Bank slashed its dividend by 40 per cent on Friday, the first such move by a major Canadian lender in almost three decades.

Canada's economy shrank at 8% pace in the 2020-05-29 09:58:09Canada's economy shrank at an 8 per cent annual pace in the first three months of 2020, as an already weak economy in January and February was wallop

What the COVID-19 employment crisis tells us about 2020-05-29 09:09:28The job losses associated with the COVID-19 crisis highlight the need for Canada to prepare for unexpected shocks to the labour market and develop a w

Supporters say space spending is justified despite the 2020-05-29 04:00:00As we wait for SpaceX's launch on Saturday, supporters say public fascination with the first private-sector human space voyage is only one sign of th

Christian Science Monitor |

In Chicago’s Little Village, federal aid begins to 2020-05-26 15:16:00Slow in coming to minority firms, the government’s Paycheck Protection Program is now offering a lifeline. But for some, it may not tide them ov

US unemployment rises to 39 million as states 2020-05-21 11:47:40The latest U.S. unemployment number increased by 2.4 million to 39 million. But some companies have begun to rehire a limited number of their laid-o

Where’s the beef? Pandemic exposes cracks in US 2020-05-19 13:15:00Most Americans have grown accustomed to plentiful food. The pandemic has exposed shortcomings in a complex and often convoluted U.S. food system.

Another big job-loss wave looms: state and city 2020-05-19 10:34:00A steep downturn in the private sector is poised to cause big job losses in state and local governments. Relief could come from Congress.

An impossible comeback? The small New York shops 2020-05-18 14:08:00Even before the pandemic, many small-business owners in New York were operating on small margins. Now they’re facing tough decisions.

U.S. auto industry reopens, sparking hope in job 2020-05-15 12:23:06About half of all auto workers are expected to return to factories next week, which have been shuttered since mid-March due to the pandemic. The cauti

Should jobless renters be evicted or forgiven during 2020-05-13 12:17:14About 43 million households in the United States are renters and as jobless rates continue to spike many are either forgoing or unable to pay rent. Bu

Keep working from home? How office-life will change 2020-05-12 11:30:56Businesses are considering new safety measures for communal workplaces, how to improve online collaborations, and if they need a physical location at

Is this crisis giving capitalism a moral nudge? 2020-05-08 17:06:37Many corporations are boosting pay or health protections for workers in the pandemic – or are facing criticism if they don’t.

Revive economy with virus-immune workers? Not so fast. 2020-05-08 16:17:57The flurry of interest in antibody testing as a shortcut to reopening hard-hit cities like New York has given way to humility.

Ridesharing has plummeted. Can food delivery save Uber? 2020-05-08 13:42:41Uber is cutting 14% of its workforce and offloading its bike and scooter business after losing $2.9 billion in the first quarter. But the company's m

Deceased taxpayers were sent relief checks. Should they 2020-05-08 10:58:00The Trump administration and IRS are urging families to return coronavirus relief payments sent to the deceased, but legal experts say there is no law

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