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Southwest air signals jobs risk with plan for 30 per cent cut in flying

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TORONTO STAR | BUSINESS

Statistics Canada says first-quarter GDP worst showing since New! 2020-05-29 17:12:59Gross domestic product fell at an annualized rate of 8.2 per cent in the first three months of 2020.

Crude has best month on record in May New! 2020-05-29 16:22:13The Dow Jones industrial average was down 189.36 points at 25,211.28. The S&P 500 index was down 15.24 points at 3,014.49, while the Nasdaq compos

Large cruise ships barred from Canadian waters until New! 2020-05-29 16:06:00The transport minister says he understands that this will have a big economic impact on the tourism industry and that the government is looking at wha

U.S. airlines leave $29B aid fund untapped in New! 2020-05-29 15:16:26Although the four largest U.S. passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it inte

Torstar buyer says Canso picked to provide financing New! 2020-05-29 15:15:49

Google rescinds offers to thousands of contract workers New! 2020-05-29 14:17:02The move affected more than 2,000 people globally who had signed offers with the agencies to be a contract or temp. worker, according to three people

Moderna vaccine unlikely to revive U.S. economy, survey New! 2020-05-29 14:07:07Investors pegged the probability at 70 per cent that a better potential vaccine emerges within the next year.

Amazon in talks for new Dublin office even New! 2020-05-29 12:45:03Should the deal go ahead, it may help assuage concerns about the impact of the coronavirus crisis on Dublin’s real estate market.

Canada cuts costs for wage subsidy as workers New! 2020-05-29 12:42:03The federal government’s wage subsidy program, meant to be its flagship measure to buffer the economy from the pandemic, will cost $45 billion,

Relief aid stalls with U.S. small businesses returning New! 2020-05-29 12:26:04It’s a critical time for the rescue effort, as large swaths of the country are reopening and many stores won’t get more leniency from thei

GM plans to ramp up plants with dealers New! 2020-05-29 12:01:21Three U.S. factories building mid- and full-size pickups will operate on three shifts starting June 1, the automaker said in a statement Thursday.

Distressed retailer Party City seeks to cut debt New! 2020-05-29 11:45:54The company reached an agreement with holders of more than 52 per cent of one of its bonds that would give them a mix of equity in the business and ne

: 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

Torstar Reaches $52-Million Deal To Sell The Toronto 2020-05-27 08:12:30TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roug

Scotiabank Profit Plummets 40% As Pandemic Crisis Batters 2020-05-26 10:27:37TORONTO — COVID-19 weighed down Bank of Nova Scotia’s second quarter, causing its profit to plunge and the company to increase its reserve

Air Canada CEO Sees Compensation Cut In Half 2020-05-26 09:02:57MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by mo

2/3 Of Canadians Want Government To Take Over 2020-05-25 13:33:00TORONTO — Two-thirds of Canadians believe the government should nationalize long-term care facilities in the wake of the COVID-19 crisis, accord

Founder Guy Laliberte Wants To Buy Back Cirque 2020-05-25 12:43:22MONTREAL — Cirque du soleil founder Guy Laliberte says he wants to buy back the internationally celebrated circus company he created more than 3

How Confident Are Canadians Vs. Brits And Americans 2020-05-24 07:27:39The experts are busy these days trying to figure out where our pandemic-shocked economy is headed next, but their forecasts are running into some uniq

A 4-Day Work Week For The Post-Pandemic Era? 2020-05-22 12:11:20WELLINGTON, New Zealand ― New Zealand’s prime minister wants employers to consider switching to a four-day work week as a way to promote t

6 Things To Consider When Your Mortgage Comes 2020-05-22 10:58:07Wouldn’t it be nice if your mortgage had a reset button? Pressing it would let you find a new rate, change your term and find a mortgage that be

Facebook's Remote Workers Face Pay Cuts If They 2020-05-22 10:27:47If you’re one of the many people hoping the new age of working from home will mean you can set up shop in a more affordable location, there&rsqu

Canada Needs CERB-Like Tool Available For Future Crises: 2020-05-21 21:43:13OTTAWA — Canada’s top central banker says adding an income-support measure like the Canada Emergency Response Benefit to the government&rs

Filipino Front-Line Workers Risk Their Lives To Keep 2020-05-21 15:19:19“Deep in my heart, I was afraid. Because I don’t really want to die. I really want to come back home safe and sound.” Duds Mira

Trudeau Urges Commercial Landlords To Buy Into Rental 2020-05-20 19:58:16OTTAWA — Canada’s commercial landlords got a request and a warning from Prime Minister Justin Trudeau to buy into rental assistance progra

CBC | Business News

Number of Americans on jobless benefits inches down 2020-05-28 12:55:40The number of Americans continuing to receive government jobless benefits declined in the week ending May 16 for the first time since COVID-19 struck,

Length of average work week fell to record 2020-05-28 11:18:26The length of the average work week for employees paid by the hour sank to its lowest level on record in March, as COVID-19 drastically reduced the am

Donald Trump's threat to regulate Twitter likely to 2020-05-28 08:50:23U.S. President Donald Trump, angered by the first Twitter fact-check alert on one of his tweets, can't unilaterally regulate or close social media co

Profit falls at TD and CIBC as loan 2020-05-28 07:19:19Canadian Imperial Bank of Commerce (CIBC) and TD Bank Group missed quarterly earnings expectations on Thursday, as they set aside billions to cover fu

After her toaster oven caught fire, Ontario woman 2020-05-28 04:00:00The toaster oven had the KitchenAid name on it, but when it burst into flames causing hundreds of dollars in damage to an Ontario women's home, the a

Housing market will feel effect of COVID-19 until 2020-05-27 13:36:15Canada's national housing agency says the number of new homes being built and sold will remain below the levels they were at before COVID-19 unt

Boeing cuts 12,000 jobs as COVID-19 wallops demand 2020-05-27 12:47:40Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Trump tweets threat to shutter social media companies 2020-05-27 09:06:24U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc. for the first time add

National Bank profit drops 32% as loan loss 2020-05-27 08:44:30National Bank of Canada's net income plunged 32 per cent in its second quarter as it put aside five times the provisions for credit losses than it di

Royal Bank and BMO profit cut in half 2020-05-27 08:40:55Profits at two of Canada's biggest banks were cut in half compared with last year, Royal Bank and the Bank of Montreal reported Wednesday, as both sa

Bucking conventions: How Canada's conference industry is adjusting 2020-05-27 04:00:00Canada's vibrant and busy events industry has been shut down because of COVID-19. Convention centres, caterers, event planners, keynote speakers and

What the oilpatch thinks about the financial aid 2020-05-27 04:00:00Ottawa has unveiled several financial assistance programs for seemingly every size of oil and gas company. Here is a closer look at what they are

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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