January 22nd, 2021

Business

Testing, sick leave, enforcement needed to slow workplace spread in Ontario: experts

By The Canadian Press on January 21st, 2021

TORONTO – As Ontario struggles to beat back a dire wave of COVID-19, workplace spread has been singled out by public health experts, mayors and top health officials as a major source of infections. Experts and workers say government measures so far haven’t directly targeted the issue, but fairly simple practices would help track and ... Read More »

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Passengers unfazed as WestJet returns Boeing 737 Max to service

By Jon Victor, The Canadian Press on January 21st, 2021

Passengers aboard the first Boeing 737 Max flight in Canadian airspace in nearly two years weren’t overly concerned about the plane’s safety, saying they trusted that regulators had addressed any issues with the aircraft. Four people travelling on WestJet’s Thursday morning flight from Calgary to Vancouver said they had no issues boarding the Max, which ... Read More »

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WestJet marks milestone with Canada’s first Boeing 737 Max flight since 2019

By Jon Victor, The Canadian Press on January 21st, 2021

Nearly two years after being grounded following two deadly crashes, Boeing’s 737 Max aircraft returned to Canadian airspace Thursday morning. WestJet flight 115 landed at Vancouver International Airport at 8:12 a.m. local time, carrying around 71 guests from Calgary, along with members of the crew. Passengers preparing to board the flight said they weren’t overly ... Read More »

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More than one-fifth of Canadian companies will adjust pay if staff relocate: survey

By The Canadian Press on January 21st, 2021

TORONTO – More than one-fifth of Canadian companies say they will adjust their employee’s pay if they move to a different location, according to a recent survey. Staffing firm Robert Half’s survey of 500 workers and 180 human resources managers found that roughly 22 per cent of employers say they’d adjust the salary of employees ... Read More »

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Godiva to close 128 stores in North America, including 11 in Canada by end of March

By The Canadian Press on January 21st, 2021

COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. The luxury chocolatier says 128 brick and mortar locations, including 11 in Canada, will shut by the end of March. The company declined to say how many jobs will be affected by the decision. Godiva ... Read More »

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Eldorado Gold bids $132 million for junior miner QMX to fuel potential Quebec growth

By The Canadian Press on January 21st, 2021

CALGARY – Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn’t already own in a cash-and-shares transaction worth $132 million or 30 cents per share. Eldorado owns about 17 per cent of the QMX shares, purchased for six cents each in ... Read More »

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Amazon offers assist with US COVID-19 vaccine distribution

By The Associated Press on January 21st, 2021

SEATTLE – Amazon is offering its colossal operations network and advanced technologies to assist President Joe Biden in his vow to get 100 million COVID-19 vaccinations to Americans in his first 100 days in office. “We are prepared to leverage our operations, information technology, and communications capabilities and expertise to assist your administration’s vaccination efforts,” ... Read More »

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European Central Bank stimulus on track as economy struggles

By David McHugh, The Associated Press on January 21st, 2021

FRANKFURT – With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine Lagarde told a news conference that the economy likely contracted in ... Read More »

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S&P/TSX composite down, while U.S. stock markets edge higher; Loonie up

By The Canadian Press on January 21st, 2021

TORONTO – Weakness in the technology sector led Canada’s main stock index lower in late-morning trading, while U.S. stock markets climbed and the loonie rose against the U.S. dollar. The S&P/TSX composite index was down 94.19 points at 17,920.72. In New York, the Dow Jones industrial average was up 17.86 points at 31,206.24. The S&P ... Read More »

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Halal investing gives Muslims opportunity to make money in line with religious values

By Ross Marowits, The Canadian Press on January 21st, 2021

TORONTO – Ahmed Najar only started investing two years ago after discovering a way to do so that aligns with his Muslim values. The 36-year-old lab researcher turned to Halal investing that screens out forbidden investments such as pork, alcohol, tobacco, weapons, adult entertainment and the biggest no-no of all: debt, bonds or interest. Najar ... Read More »

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W-shaped recovery would be ‘very severe’ without government assistance: CMHC

By The Canadian Press on January 21st, 2021

OTTAWA – The Canadian Mortgage and Housing Corporation says new risk assessments it conducted show a W-shaped recovery from a pandemic could trigger a nearly 50 per cent drop in housing prices and a peak unemployment rate of 25 per cent. A W-shaped recovery is when an economy begins to rebound from a recession quickly ... Read More »

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