For Mike Livingstone, a pandemic-related job loss offered a chance to chase after a long-held dream. When he was laid off last spring, the transportation executive switched gears and became his own boss, following his passion and opening a bakery. “We’d always wanted to have our own business, but the timing was never right,” he […]
Tag Archives: Canada
One year after the start of the COVID-19 pandemic, most small businesses in Canada are reeling. Tens of thousands have already become inactive, and many more are expected to shut their doors forever even as the economy returns to normal, crushed by debt accumulated during months of reduced revenues. The federal rescue of Canada’s small […]
OTTAWA — The national statistics agency will say this morning how the country’s headline inflation barometer fared in February as it continues to face effects from the COVID-19 pandemic. Statistics Canada’s consumer price index rose one per cent in January compared to the same month one year earlier, accelerating from the 0.7 per cent recorded […]
WASHINGTON — Courts in the United States would take “many, many years” to resolve the battle between Canada and Michigan over Line 5, the pipeline’s operator told MPs Tuesday as he pleaded for a negotiated solution to the dispute. Shutting down the cross-border pipeline would trigger a major jobs and energy crisis in both countries […]
NEW YORK — A U.S. advisory firm is hoping that Canadian clothing retailer Le Chateau will rise from the ashes of insolvency. Hilco Streambank says Le Chateau’s e-commerce platform, brand assets and some locations are available for purchase through the Companies’ Creditors Arrangement Act proceedings. Expressions of interest are due April 7 with the sale […]
LONDON — Uber on Tuesday said it is granting its U.K. drivers employee status, with benefits including a minimum wage — a world first for the U.S. ride-hailing giant. Weeks after a top court ruling that could shake up Britain’s wider “gig economy” of 5.5 million people, Uber said its drivers would also get holiday […]
MONTREAL — After being laid off from her job as a flight attendant for Air Transat in April, Jennifer Yurchuk, who has 29 years of experience on the job, found work as a courier for FedEx while living off of her savings until her airline calls her back to work, if it ever does. “I […]
Purdue Pharma has filed a restructuring plan to dissolve itself and establish a new company dedicated to programs designed to combat the opioid crisis, according to court documents filed Monday. As part of the proposed plan, the Sackler family has agreed to pay an additional US$4.2 billion over the next nine years to resolve various […]
STELLARTON, N.S. — Empire Company Ltd. has signed a deal to buy a majority stake in specialty grocery store chain Longo’s and its Grocery Gateway e-commerce business for $357 million in a bid to expand its reach in Ontario. The Sobeys parent company said Tuesday the deal adds two high-quality banners to its business and […]
Bitcoin fell back sharply on Monday after hitting a record high of US$61,781.83 over the weekend after U.S. President Joe Biden signed off on his US$1.9 trillion fiscal stimulus and ordered an acceleration in vaccinations. Bitcoin’s new high also came as ten-year U.S. Treasury yields hit a 13-month high of 1.64 per cent on […]