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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-


Bombardier cutting 2,500 jobs as business jet demand New! 2020-06-05 16:54:07Bombardier says it will lay off 2,500 workers from the aviation side of the company because of the pandemic's impact on its markets.

Uber Black drivers fight for unionization at labour New! 2020-06-05 16:32:34The union applied for unionization in January on behalf of 300 premium Uber Black workers and believes it has met the threshold of support needed to g

North American stock markets end week on fire New! 2020-06-05 16:26:38The Canadian dollar jumped more than half a cent, trading for 74.63 cents U.S. compared with 74.03 cents US on Thursday.

Employers will need new policies, practices to tackle New! 2020-06-05 16:20:58

Universal’s Florida theme parks see few guests on New! 2020-06-05 15:59:12Laughingplace.com, a website the tracks park attendance, reported that Universal seemed slower on Friday than on two earlier preview days for annual-p

WestJet quietly breaks ranks with carriers to offer New! 2020-06-05 15:53:43The move appears to make WestJet the first major Canadian carrier to offer refunds rather than credit to passengers whose trips were called off due to

VMedia launches live, on-demand streaming TV service New! 2020-06-05 15:21:24

Reddit co-founder Alexis Ohanian resigns from board, urges New! 2020-06-05 15:17:28Ohanian said he would pledge $1 million to Know Your Rights Camp, a non-profit founded by Colin Kaepernick, and would use future gains of his Reddit s

Ottawa postpones auction of spectrum to June 2021, New! 2020-06-05 15:07:03

Airbus fails to log any jet orders in New! 2020-06-05 14:58:27The planemaker has already lowered build rates by more than a third and is considering a further reduction as it shrinks its business, people familiar

Hydroxychloroquine shows no COVID-19 benefit in U.K. study New! 2020-06-05 14:41:09Initial results from the trial clearly show the antimalarial drug doesn’t reduce the risk of death among hospitalized patients with the disease,

Elon Musk says time to break up Amazon, New! 2020-06-05 14:27:08Musk tweeted ‘Monopolies are wrong,’ while tagging Bezos, the world’s wealthiest man.

: Money

What do the new CMHC rules mean for New! 2020-06-05 14:53:45The policy change will lower some homebuyers' purchasing power.

U.S. unemployment rate falls to 13.3% in May New! 2020-06-05 09:09:19News that the U.S. economy added a surprising 2.5 million jobs last month is evidence that the employment collapse due to COVID-19 most likely bottome

Canada’s unemployment rate reaches record 13.7% New! 2020-06-05 08:48:54It's the highest jobless rate since comparable record-keeping began in 1976.

COVID-19 refunds: What to know about credit card 2020-06-04 06:00:41From flights to weddings, here's what the rules are for reversing a charge on your credit card.

Bank of Canada keeps key rate at 0.25%, 2020-06-03 10:14:32Canada's central bank said the impact of the novel coronavirus pandemic on the global economy appears to have peaked.

Cirque founder Guy Laliberté abandons legal challenge over 2020-06-01 16:02:06Guy Laliberté was trying to avoid having to pay tax on the $41.8-million bill that accompanied his space trip, by arguing that these were busin

Canada Revenue Agency braces for June 1 tax 2020-05-30 10:00:28Employees and management at the agency are navigating through urgent COVID-19-related programs in the midst of a major labour dispute.

From AC units to patio decor: 6 ways 2020-05-30 06:00:30It's OK to use some money to improve your summer, says one financial planner — but you need a system to avoid overspending.

Crude oil prices see their best month on 2020-05-29 18:08:56The Canadian dollar traded for 72.53 cents US compared with 72.65 cents US on Thursday.

Canadian GDP dropped 8% in the first quarter, 2020-05-29 09:03:46It's the worst showing since 2009, but the data is better than economists expected.

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.

Canada Business - The

Reitmans Is Closing Down Thyme Maternity And Addition 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

Canadian outdoor retailer Sail files for bankruptcy protection 2020-06-04 07:46:10Sail Outdoors Inc. has filed for bankruptcy protection so it can restructure amid the COVID-19 pandemic.

Black entrepreneurs want Canadian firms to 'put their 2020-06-04 04:00:00Black entrepreneurs say they hope Canadian companies speaking out against racism are sincere about making change and will commit to sustained action.

China easing airline access amid conflict with Washington 2020-06-04 03:04:41Chinese regulators said Thursday more foreign airlines will be allowed to fly to China as anti-coronavirus controls ease, but it was unclear whether t

Bank of Canada holds rate steady, saying COVID-19 2020-06-03 10:34:02The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the wor

Zoom profits soar as pandemic spurs boom in 2020-06-03 09:16:02Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagu

What U.S. shale's woes mean for Canada's oil 2020-06-03 04:00:00The struggles of U.S. shale oil could have implications for the Canadian oil and gas sector, whether it’s on prices or discussions around energy

All Addition Elle and Thyme Maternity stores in 2020-06-02 12:20:56Reitmans will shutter 77 Addition Elle and 54 Thyme Maternity stores across Canada as part of its restucturing process, the Montreal-based retailer an

Bell, Telus to use Nokia and Ericsson, not 2020-06-02 09:27:04BCE Inc. and Telus Corp. will both use equipment from Scandinavian component makers Nokia and Ericsson to build out their next-generation 5G networks

At long last, new carbon capture project launches 2020-06-02 08:00:00After more than a decade in the works, a new carbon capture project in Alberta is now operational with lofty goals of sequestering large amounts of em

Walmart shutting down its 106 Tire, Lube and 2020-06-02 07:52:40Walmart says it will begin closing its Tire, Lube and Express businesses in stores across Canada.

Facebook employees stage virtual walkout in criticism of 2020-06-01 13:06:37Some Facebook employees critical of chief executive Mark Zuckerberg's decision not to act on President Donald Trump's inflammatory comments about U.

Restaurants faced an uncertain future before COVID-19, and 2020-06-01 09:13:07Restaurants across Canada — from local institutions to newer spots hustling to establish themselves — have closed permanently in recent we

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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