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7 potential lingering effects of COVID-19 on the economy: Don Pittis

For those of us who have kept a close eye on forecasts for the impact of COVID-19 on the global and Canadian economy, it is instructive to watch how much…

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Whitehorse businesses move to phone and online sales amid COVID-19 precautions

Many small businesses in Whitehorse are laying off staff, reducing hours and locking their front doors, but that doesn’t mean they’re shutting up shop completely.  Instead, they are moving to contactless…

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‘I’m phobic of debt’: Small business owners not in love with federal government’s emergency loans

Canadian small business owners listened closely to Prime Minister Justin Trudeau and Finance Minister Bill Morneau on Friday as they announced the federal government’s plans to help small businesses survive…

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Bank of Canada makes another emergency cut to interest rate

The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis. The central bank made the announcement…

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4 passengers die on stranded cruise ship carrying 247 Canadians

Four passengers have died on board a Holland America Line cruise ship currently sailing off the coast of Panama. Many other passengers on the ship, the Zaandam, have flu-like symptoms…

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Barrel of Monkeys now worth more than a barrel of Alberta oil

The cost of buying a barrel of Canadian oil fell to less than a Barrel of Monkeys on Thursday as the oil price again crashed to record levels. Western Canadian Select…

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Help for Canadian oilpatch coming in ‘hours, possibly days,’ finance minister promises

Help for Canada’s oil and gas sector is “hours, possibly days” away, federal Finance Minister Bill Morneau said Wednesday, as the industry continues to slash spending plans by the billions of…

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Furniture chain Leon’s to lay off 3,900 workers, close 72 stores amid COVID-19 outbreak

Canadian furniture chain Leon’s will temporarily close 72 of its 205 stores across Canada and lay off 3,900 workers in response to the COVID-19 pandemic. The Toronto-based company, which also…

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Flu-like cases spike on stranded cruise ship carrying 247 Canadian passengers

The number of passengers and crew exhibiting flu-like symptoms aboard a Holland America Line cruise ship travelling around South America has spiked by more than 80 per cent — from 42 to…

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3 major Canadian grocers give front-line workers a raise during COVID-19 pandemic

Three major Canadian grocery chains have brought in wage increases for employees still working the cash registers and keeping the shelves stocked during the ongoing COVID-19 pandemic. Many stores have already…

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