March 1st, 2021

Business

Resources sectors help lead Toronto market higher, U.S. stock markets also climb

By The Canadian Press on February 16th, 2021

TORONTO – Canada’s main stock index was up in late-morning trading, boosted by gains in the energy and metals and mining sectors, while the health-care sector, which includes the big cannabis companies, also climbed higher. The S&P/TSX composite index was up 65.84 points at 18,526.05. In New York, the Dow Jones industrial average was up ... Read More »

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Air Canada, Transat acquisition deal up in the air as deadline expires

By Jon Victor, The Canadian Press on February 16th, 2021

MONTREAL – Air Canada’s acquisition of Transat AT Inc. is up in the air after Canada’s largest airline said it will not allow more time for the deal to go through. The acquisition was set to be completed by Feb. 15, but since the deal has not yet received approval from the European Union, both ... Read More »

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Ontario reports 904 COVID-19 cases as stay-at-home order lifts in 27 regions

By The Canadian Press on February 16th, 2021

TORONTO – Ontario is reporting 904 new cases of COVID-19 for Tuesday. The province is also reporting 964 cases from Monday that were not reported earlier due to the Family Day holiday. Thirteen more deaths from the virus were reported Tuesday, and there were also 13 recorded Monday. The province said 742 people were hospitalized ... Read More »

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Air Canada, Transat deal up in the air as deadline expires

By The Canadian Press on February 16th, 2021

MONTREAL – Air Canada has informed Transat AT Inc. that it will not allow more time for its scheduled acquisition of the company to go through, Transat says. The date set to complete the acquisition was Feb. 15, but since the deal has not yet received approval from the European Union, both parties now have ... Read More »

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Think you may need to repay CERB? Best to start planning now, experts say

By Salmaan Farooqui, The Canadian Press on February 16th, 2021

When 20-year-old Alex Coucopoulos got a letter from the government in December telling him he’d have to pay back $12,000 of pandemic aid, the stress was immediate. “It was a really bad situation,” said Coucopoulos, who lives at home and immediately took $5,000 out of his savings to re-pay the Canada Emergency Response Benefit “It ... Read More »

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Resource sectors help lift Toronto market, U.S. stock markets also climb higher

By The Canadian Press on February 16th, 2021

TORONTO – Gains in the energy and metals and mining sectors helped lift Canada’s main stock index higher in early trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 69.12 points at 18,529.33. In New York, the Dow Jones industrial average was up 93.50 points at 31,551.90. The S&P 500 index ... Read More »

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January home sales hit new record for the month as prices also post record high

By The Canadian Press on February 16th, 2021

OTTAWA – The Canadian Real Estate Association says home sales in January hit a new record high for the month as prices also set a new high water mark. The association says January sales were up 35.2 per cent compared with a year earlier. Sales for the first month of the year were also up ... Read More »

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Bitcoin, seemingly omnipresent, crosses the $50,000 mark

By Matt Ott, The Associated Press on February 16th, 2021

SILVER SPRING, Md. – After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signalled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a ... Read More »

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Frustrated with government efforts, business groups push plan to avoid lockdowns

By Jordan Press, The Canadian Press on February 16th, 2021

OTTAWA – Frustrations with government efforts to manage the COVID-19 pandemic has led major businesses in this country to decide to take some matters into their own hands to avoid further lockdowns. The Canadian Chamber of Commerce is unveiling this morning an advisory group of 20 chief and senior executives to help businesses large and ... Read More »

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Ontario lifts stay-at-home order in 27 regions as economic reopening continues

By The Canadian Press on February 16th, 2021

TORONTO – A stay-at-home order lifts for 27 Ontario public health units today. The units will now return to the province’s COVID-19 colour-coded tiered ranking system used prior to a provincewide lockdown which began on Boxing Day. Niagara Region will be the only region in the grey-lockdown zone — the most strict level — which ... Read More »

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Tim Hortons trims rim from iconic contest with all-digital ‘Roll Up to Win’

By Brett Bundale, The Canadian Press on February 16th, 2021

One of Canada’s most recognized marketing campaigns is going fully digital as Tim Hortons swaps out printed messages under rolled up coffee rims for scanning a loyalty card or app. The chain’s annual spring prize contest is now simply Roll up to Win ““ rather than Roll Up The Rim To Win ““ eliminating the ... Read More »

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