News/Business
Thousands of jobs wiped out as COVID-19 shuts down in-person conferences, industry events
It’s no surprise that an industry dedicated to bringing large groups of people together in enclosed spaces would be crippled by the global...
Royal Bank and BMO profit cut in half as banks set aside 6 times more money for bad loans
Profits at Royal Bank and Bank of Montreal were cut in half from last year in the fiscal second quarter, the banks reported...
CPP now worth $409B as pension plan adds $17B to its coffers despite COVID-19
The Canada Pension Plan earned a return of 3.1 per cent after expenses during the financial year ended March 31, the board that manages...
Scotiabank profit falls 40% as bad loans more than double amid COVID-19
Scotiabank posted a profit Tuesday morning of $1.32 billion in the three months up to the end of April, a fall of more than...
COVID-19 may be the catalyst — not the cause — of a painful but useful economic transformation: Don Pittis
COVID-19, As people are thrown out of work, as businesses fail and as the oil and housing sectors weaken, there is a branch...
COVID-19 pushed Canadian retail sales to their biggest ever plunge in March
Widespread lockdowns due to COVID-19 across the country pushed Canadian retail sales down by 10 per cent in March, the biggest plunge on...
Wondering when Canadians can start travelling again? Here’s what you need to know
For many Canadians, their most exciting adventure over the past couple of months has been a weekly trip to the grocery store. But...
Shops are reopening after COVID-19, and some are adding a new line to your bill to pay for it
As businesses take their first cautious steps toward reopening, Canadians should brace themselves for the possibility of seeing a new fee tacked on...
Will COVID-19 lead to an exodus from crowded offices in downtown towers? Don’t count on it, experts say
Companies with offices in tall downtown towers across Canada face big challenges related to COVID-19. In addition to ensuring the cleanliness and safety...
Credit card chargebacks a challenge for some airline customers
As thousands of flights were cancelled amid the chaos of the COVID-19 pandemic, many Canadians were left with limited options for getting their...
Canada’s inflation rate turned negative in April for first time since 2009
Canada’s inflation rate fell to an annualized –0.2 per cent in April, as the COVID-19 pandemic pushed down consumer prices for the first...
There’s been no spike in personal and business bankruptcies, but surge is expected this fall
With the coronavirus pandemic leaving many in a precarious and dire financial situation, Lou Brzezinski and other lawyers and insolvency trustees have been sitting by the...
Fear on tap as COVID-19 chokes off small brewery sales
Canadians have been lining up outside liquor stores and stocking up on alcohol to make staying at home during the coronavirus pandemic more...
COVID-19 prompts flood of people to write, change their wills — but quarantine measures are getting in the way
Waves of people concerned about COVID-19 are rushing to write or change their wills, but they’re running into a roadblock caused by the effort to...
Bank of Canada makes emergency interest rate cut
The Bank of Canada has made an unexpected rate cut, cutting the central bank’s benchmark interest rate by 50 basis points to 0.75...
Is the coronavirus ravaging your investment portfolio? Here’s what you need to know
As the coronavirus continues its global spread, Canadians are worried not only about their health but also about their retirement plans. Many people’s hard-earned investment...
