April 11th, 2021

Business

Corrective to April 6 story about electric vehicle sales in B.C.

By The Canadian Press on April 8th, 2021

VICTORIA – The Canadian Press erroneously reported April 6 that more than 54,000 light-duty electric vehicles were sold in B.C. last year. In fact, more than 54,000 light-duty electric vehicles are now registered in ... Read More »

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Third wave of COVID-19 reignites debate over paid sick days in Canada

By The Canadian Press on April 8th, 2021

TORONTO – The third wave of COVID-19 cases in Canada has reignited debate over sick days, with some calling on provinces to mandate paid sick leave while others say the move could cripple businesses already struggling for survival. The issue came to a head Wednesday during a press conference with Ontario Premier Doug Ford, who ... Read More »

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Federal bank regulator proposes tightening test for uninsured mortgages

By The Canadian Press on April 8th, 2021

OTTAWA – The federal banking regulator is proposing to up the stress-test facing homebuyers with uninsured mortgages in light of the economic ripple effects from the COVID-19 pandemic. The proposal from the Office of the Superintendent of Financial Institutions would set the qualifying rate for uninsured mortgages at the contracted rate plus two percentage points ... Read More »

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Postmedia swings to $700,000 Q2 profit despite 21 per cent drop in revenues

By The Canadian Press on April 8th, 2021

TORONTO – The owner of Canada’s largest group of newspapers says it earned $700,000 in net profits in its second quarter, an improvement from the same time a year before despite a 21-per-cent revenue decline. Toronto-based Postmedia Network Canada Corp., publisher of the National Post and other daily newspapers, says its revenue for the three ... Read More »

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Dollarama’s founding Rossy family selling 2.2 million shares in retailer

By The Canadian Press on April 8th, 2021

MONTREAL – Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer. The company says GRI Investments Inc., a private corporation controlled by the Rossy family, the Rossy Foundation and chief executive Neil Rossy are selling 618,369, 1,205,066 and 376,565 Dollarama shares respectively ... Read More »

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Pandemic-weary chefs, cooks enjoy serving from home

By Terry Tang, The Associated Press on April 8th, 2021

SCOTTSDALE, Ariz. – When COVID-19 shutdowns hit in March 2020, Mike Winneker, a hotel executive sous chef, found himself without work for the first time in years. Between caring for a 6-year-old son and waiting for unemployment benefits, days now spent at home in Scottsdale were stressful. One night in June, Winneker, 33, cooked up ... Read More »

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2 new airlines await Americans looking to fly somewhere

By David Koenig, The Associated Press on April 8th, 2021

Americans are travelling in the greatest numbers in more than a year, and soon they will have two new leisure-oriented airlines to consider for those trips. Both hope to draw passengers by filling in smaller strands on the spider web of airline routes crisscrossing the United States. Avelo Airlines said Thursday that it will begin ... Read More »

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S&P/TSX composite edges higher as tech sector climbs, but energy stocks sink

By The Canadian Press on April 8th, 2021

TORONTO – Gains in the technology sector helped offset weakness in the energy stocks as Canada’s main stock index edged higher in late-morning trading, while U.S. stock markets put in a mixed showing. The S&P/TSX composite index was up 1.12 points at 19,130.19. In New York, the Dow Jones industrial average was down 19.66 points ... Read More »

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Conservancy protects area sacred to Tahltan Nation in northwestern B.C.

By The Canadian Press on April 8th, 2021

VICTORIA – Indigenous, provincial and federal leaders have worked beside industry and environmental groups to create a new conservancy in an area of northwestern British Columbia sacred to the Tahltan Nation. A statement from the Ministry of Environment and Climate Change Strategy says the 35-square kilometre conservancy – historically known as the Ice Mountain Lands ... Read More »

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Policy-makers should tackle housing supply with more density, transit: CIBC CEO

By Tara Deschamps, The Canadian Press on April 8th, 2021

TORONTO – The head of Canadian Imperial Bank of Commerce says policy-makers should dramatically increase the country’s housing supply, as sales and prices soar to record levels in cities including Toronto and Vancouver. CIBC chief executive Victor Dodig says that heated housing conditions could be alleviated if there was more urban and suburban density along ... Read More »

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Roots reports higher profit, boost in e-commerce even as pandemic hurts sales

By The Canadian Press on April 8th, 2021

TORONTO – Roots Corp. reported a handsome profit in its last quarter as strong online sales and demand for its upscale comfort wear offset the impact of pandemic-related store closures and a dip in overall sales. The outdoor lifestyle retailer said Thursday it earned a profit of $12.3 million in its fourth quarter even as ... Read More »

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