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Business News

Worker productivity to fall

Apr 3, 2020 / 3:43 pm

Given the work-from-home model that most companies in North America are resorting to in the face of COVID-19, executives should take note on the likely...

Credit card rates slashed

Apr 3, 2020 / 3:34 pm

Two of Canada's largest banks are offering reduced interest rates on personal credit cards for Canadians in financial hardship due to the COVID-19 pandemic....

Rental questions answered

Apr 3, 2020 / 10:10 am

A moratorium on evictions was put in place March 25 as part of a $5-billion action plan to provide income support, tax relief and direct funding for people,...

More woes on stock market

Apr 3, 2020 / 9:00 am

Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial and industrial sectors moved lower. The...

ISPs hike 'net prices

Apr 3, 2020 / 8:54 am

Amid the workplace disruptions, household distractions and widespread unemployment brought by the COVID-19 crisis, it couldn't be a worse time for consumers...

US sheds 701,000 jobs

Apr 3, 2020 / 6:30 am

A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that's all...

Mortgage deferrals pile up

Apr 3, 2020 / 6:27 am

The Canadian Bankers Association says the country's six largest banks have allowed customers to defer payments on more than 10 per cent of the mortgages in...

Lululemon lawsuit tossed

Apr 3, 2020 / 5:42 am

A Delaware judge has dismissed a shareholder lawsuit against sports apparel maker Lululemon Athletica over its decision to give a $5 million severance package...

Postponing retirement?

Apr 2, 2020 / 11:15 am

The biggest market downturn in more than a decade has rattled nerves and may ultimately force some investors to postpone their approaching retirements, say...

Reynolds leaves big tip

Apr 2, 2020 / 10:50 am

Vancouver screen favourite Ryan Reynolds is donating $10,000 to the Canadian Professional Bartenders’ Association as bars remain closed across the...

Vancouver home sales up

Apr 2, 2020 / 8:58 am

The Real Estate Board of Greater Vancouver says home sales started off strong in March, but tapered as the COVID-19 outbreak intensified. It says that despite...

Supply chain is just fine

Apr 2, 2020 / 6:50 am

Shoppers are facing empty shelves at some stores due to unprecedented demand for food and other goods even as grocers assure Canadians coping with the COVID-19...

Cenovus suspends dividend

Apr 2, 2020 / 6:31 am

Cenovus Energy Inc. is temporarily suspending its dividend and cutting its capital spending plan by an additional $150 million on top of a reduction announced...

CRA braces for deluge

Apr 2, 2020 / 6:03 am

Canada Revenue Agency employees know a giant spotlight will be pointed at them come Monday. That's when they begin the monumental task of delivering on...

6.6 million jobless seek aid

Apr 2, 2020 / 5:58 am

More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs...

Auto sales plunge 48%

Apr 2, 2020 / 5:28 am

DesRosiers Automotive Consultants Inc. says auto sales plunged 48 per cent in March from last year because of the Covid-19 pandemic. The consultancy says March...

Asian stocks mixed

Apr 1, 2020 / 10:00 pm

Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and...

Shopify suspends outlook

Apr 1, 2020 / 5:34 pm

Shopify Inc. says it is suspending its financial outlook for the year because of the uncertainty stemming from COVID-19. The Ottawa-based e-commerce company...

Cineplex closure indefinite

Apr 1, 2020 / 11:52 am

Canada's largest movie exhibitor will keep its doors closed nationwide into the foreseeable future amid the COVID-19 pandemic. After initially setting an...

BC firm 3-D prints shields

Apr 1, 2020 / 11:16 am

A Delta company is pulling out all the stops making face shields for health-care workers amid the COVID-19 pandemic. Tinkerine, an ed-tech firm started by a...

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