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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-


Universal takes first steps reviving Orlando theme park New! 2020-06-04 17:16:57Universal's crosstown rival SeaWorld Orlando is set to reopen next week, and Walt Disney World plans to welcome back visitors next month.

Bankruptcies are way down, but don’t expect that New! 2020-06-04 17:13:42One expert says “I get the impression that bankruptcies are a lagging indicator, so the bad news might not come for a few months yet.”

CMHC tightens lending standards to protect housing market New! 2020-06-04 16:54:08

Canadian Peter Gilgan’s green megamansion rises in South New! 2020-06-04 16:49:42The founder of Mattamy Homes is spending $50 million to build his own dream home that will generate renewable power roughly equal to the power it uses

TSX ends three-day winning streak to start June New! 2020-06-04 16:23:22The Canadian dollar traded for 73.93 cents U.S. compared with 74.05 cents U.S. on Wednesday.

BoC eyeing supply, consumer demand for July economic New! 2020-06-04 16:22:02

Saputo’s fourth quarter profits hit by COVID-related shift New! 2020-06-04 16:19:48Adjusted net earnings excluding one-time items were $98.8 million, or 24 cents per share, down from $125.8 million or 32 cents per share in the fourth

Bombardier to lay off nearly 200 workers on New! 2020-06-04 16:02:00The company says ridership has dropped by 90 per cent due to the impact of the pandemic, prompting a reduction in service levels.

CPA Canada hit by cyberattack, affecting data of New! 2020-06-04 15:52:26The organization says the information includes names, addresses, emails and employer names, but that passwords and credit card numbers were protected

N.L. reports rising debt, deficit; minister says federal New! 2020-06-04 15:47:58

Moment of crisis, unrest no time for U.S. New! 2020-06-04 15:25:27

PM joins third pandemic summit amid campaign for New! 2020-06-04 15:21:10

: 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 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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