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Restaurant price growth will be slower than expected this year: report
By Aleksandra Sagan, The Canadian Press on March 31st, 2020
Restaurant costs for 2020 will be much lower than initially forecast as consumers spend more of their dining-out budgets at grocery stores instead, according to an updated food price report that predicts annual restaurant sales will be slashed in half. “It all comes down to … the result of people having to change the way ... Read More »
Be the first to comment!Global stocks mostly rise amid continuing outbreak worries
By Yuri Kageyama, The Associated Press on March 31st, 2020
TOKYO – Global shares were mostly higher after China reported strong manufacturing data, extending an overnight rally on Wall Street. France’s CAC 40 added 1.5% in early trading to 4,443.47. Germany’s DAX gained 2.5% to 10,063.41, while Britain’s FTSE 100 jumped 2.2% to 5,685.74. U.S. shares were set to drift higher, with Dow futures edging ... Read More »
Be the first to comment!Most abiding by COVID-19 rules, back fines, arrests of those who aren’t: Poll
By Joan Bryden, The Canadian Press on March 31st, 2020
OTTAWA – Most Canadians are doing what they’re told to prevent the spread of COVID-19 and would support harsher measures to punish those who aren’t, a new poll suggests. Of the 1,590 adults surveyed between March 27 and 29, the vast majority said they were practising social distancing (97 per cent), keeping at least two ... Read More »
Be the first to comment!Feds to give more details, including cost, of emergency wage subsidy
By The Canadian Press on March 31st, 2020
OTTAWA – Canadians will get more details today of the massive emergency wage subsidy program launched by the federal government – including the price tag. Finance Minister Bill Morneau and Small Business Minister Mary Ng are to hold a news conference to provide details of how the program will work and how much of a ... Read More »
Be the first to comment!Asian stocks rise after Wall Street health-care-led rally
By Yuri Kageyama, The Associated Press on March 30th, 2020
TOKYO – Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies’ announcements of developments that could aid in the coronavirus outbreak. Japan’s benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia’s S&P/ASX 200 added 2.0% to 5,285.50, while South Korea’s Kospi picked up 1.6% to 1,743.84. ... Read More »
Be the first to comment!‘Ghostbusters,’ ‘Morbius’ postponed to 2021 due to virus
By The Associated Press on March 30th, 2020
NEW YORK – Sony Pictures on Monday cleared out its summer calendar due to the coronavirus, postponing the releases of Jason Reitman’s “Ghostbusters: Afterlife” and the Marvel movie “Morbius” to 2021. Hollywood’s summer season – the film industry’s most lucrative time of year – is increasingly shutting down because of the pandemic. Theaters nationwide have ... Read More »
Be the first to comment!Proposed B.C. container terminal would threaten endangered orcas: review panel
By The Canadian Press on March 30th, 2020
VANCOUVER – A federally appointed panel has found the development of a new shipping container terminal south of Vancouver would result in “significant adverse” effects on endangered southern resident killer whales. In its 627-page report, released Monday, the environmental assessment panel points to the negative impacts of marine shipping associated with the proposed terminal at ... Read More »
Be the first to comment!Federal government giving broadcasters $30 million relief from CRTC fees
By The Canadian Press on March 30th, 2020
OTTAWA – The federal government says it will help broadcasters deal with the fallout from COVID-19 by waiving $30 million usually paid by the industry to support the operations of Canada’s telecommunications regulator. As a result, the government will provide funding to the Canadian Radio-television and Telecommunications Commission so it won’t request payment for Part ... Read More »
Be the first to comment!Macy’s, Kohl’s, Gap to furlough majority of their workers
By Anne D'Innocenzio, The Associated Press on March 30th, 2020
NEW YORK – Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic. Macy’s said the majority of its 125,000 employees will be furloughed this week ... Read More »
Be the first to comment!Air Canada to temporarily lay off 16,500 staff due to COVID-19 fallout
By Christopher Reynolds, The Canadian Press on March 30th, 2020
MONTREAL – Air Canada will temporarily lay off 16,500 employees starting this week as the airline struggles with fallout from the COVID-19 pandemic. Effective this Friday, the layoffs of 15,200 unionized workers and 1,300 managers will last through April and May amid drastically reduced flight capacity from the Montreal-based airline. “To furlough such a large ... Read More »
Be the first to comment!COVID-19 spreads to vulnerable communities as new provinces report deaths
By Morgan Lowrie, The Canadian Press on March 30th, 2020
COVID-19 continued its unforgiving march into new areas of the country on Monday, sweeping through long-term care homes and religious communities, as two provinces reported their first deaths linked to the virus. Ontario reported its largest single-day increase by far, while hard-hit Quebec soared well past the 3,000-case mark. Newfoundland and Labrador, as well as ... Read More »
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