Skip to content

National Business

Bank of Canada holds key interest rate steady, maintains optimism for rest of year

Bank of Canada holds key interest rate steady, maintains optimism for rest of year

OTTAWA — The Bank of Canada has left its economic aid package untouched, brushing off shortfalls in growth figures so far this year and seeing a more solid foundation for a strong rebound in the coming months.
Travel agencies welcome move to end quarantines for fully vaccinated travellers

Travel agencies welcome move to end quarantines for fully vaccinated travellers

Travel agencies say the Canadian government's plan to end quarantine hotel stays for some returning travellers is a big step for the travel industry, but air industry associations say more changes are necessary for a full rebound to take shape.
Restaurants hit by labour shortage as economic reopening gathers momentum

Restaurants hit by labour shortage as economic reopening gathers momentum

HALIFAX — George Avgeropoulos said he’s spent the last month looking for skilled workers to staff his restaurant in Toronto’s Danforth area. "I've found people but no one knows what they're doing,” the owner of Athens Restaurant said in an interview.
Dollarama sales climb despite restrictions amid ongoing demand for discount products

Dollarama sales climb despite restrictions amid ongoing demand for discount products

Dollarama Inc.'s sales climbed by double digits in its latest quarter despite some of its stores facing tougher new retail restrictions amid rising COVID-19 cases, the Montreal-based retailer said Wednesday.
AP source: US to buy 500M Pfizer vaccines to share globally

AP source: US to buy 500M Pfizer vaccines to share globally

WASHINGTON (AP) — The U.S.
WestJet CEO Ed Sims to retire at the end of the year

WestJet CEO Ed Sims to retire at the end of the year

CALGARY — WestJet says CEO Ed Sims will retire at the end of this year. The Calgary-based airline says Sims will remain as president and chief executive as well as a member of the WestJet Group board of directors until December.
Transcontinental Q2 profits surge to $35.6 million on printing sector improvement

Transcontinental Q2 profits surge to $35.6 million on printing sector improvement

MONTREAL — Transcontinental Inc. says its net income attributable to shareholders surged to $35.6 million in the second quarter as its printing sector marked the first organic growth since the beginning of the pandemic.
White House drops Trump orders trying to ban TikTok, WeChat

White House drops Trump orders trying to ban TikTok, WeChat

WASHINGTON (AP) — The White House has dropped Trump-era executive orders that attempted to ban the popular apps TikTok and WeChat and will conduct its own review aimed at identifying national security risks with software applications tied to China, o
OSC takes action against companies linked to KuCoin cryptocurrency platform

OSC takes action against companies linked to KuCoin cryptocurrency platform

TORONTO — The Ontario Securities Commission is taking action against two foreign cryptocurrency companies after a deadline to enter discussions about bringing their platforms into compliance with provincial laws came and went.
Steelworkers ratify new four-year contract at ArcelorMittal and end strike

Steelworkers ratify new four-year contract at ArcelorMittal and end strike

LONGUEUIL, Que. — ArcelorMittal Mines and Infrastructure Canada says a strike by its workers has ended after they ratified a deal reached between the company and the United Steelworkers.