Masked athletes, empty sites, no fans: An Olympics like no other has kicked off in Tokyo, but for Canadian advertisers, it’s largely business as usual. Canadian companies stick to plans to promote their brands on Summer Games coverage despite growing fears it will turn into a big-scale event as more athletes test positive for COVID-19. The ongoing advertising plans of […]
Air Canada reported improvement, but still significant losses in the second quarter, as travel demand began to increase. The Montreal-based company says it lost $ 1.17 billion or $ 3.31 per diluted share, compared to a loss of $ 1.75 billion or $ 6.44 per share a year earlier. Adjusted earnings were $ 1.08 billion or $ 3.03 per share. […]
American tourists eager to visit Canada received good news on Monday when the federal government announced that it would soon reopen its doors to fully vaccinated U.S. citizens. However, some Canadians eager to cross the land border into the United States felt aggrieved because no reciprocity agreement was announced. “I’m waiting patiently enough. We are all waiting patiently enough for […]
The Quebec government refused to approve the construction of a liquefied natural gas (LNG) facility in Saguenay, north of Quebec, after years of opposition from citizens, Indigenous communities and environmental experts. The decision, announced today by Environment Minister Benoit Charette, effectively kills a $ 14 billion project that would have transported natural gas from Western Canada through Quebec to the […]
The Quebec government refused to approve the construction of a natural gas installation in Saguenay, north of Quebec City, after years of opposition from citizens, Indigenous communities and environmental experts. The decision, announced today by Environment Minister Benoit Charette, is almost certain to end a $ 14 billion project that would have transported natural gas from Western Canada through Quebec […]
As stocks struggled to recoup losses after Monday’s steep drop, it was probably difficult for investors to see anything good in this week’s market rout. New York’s Dow Jones Industrial Average, an index made up of 30 blue chip companies, took its biggest plunge since last October, and the Toronto Stock Exchange fell the most in nearly five months. For […]
The federal government is launching a long-awaited process to develop a plan to support oil and gas workers as economies around the world move away from fossil fuels. “They will not be left behind,” Natural Resources Minister Seamus O’Regan said at a press conference today. “Workers will be at the center of a clean energy future.” The Minister today launched […]
Calgary-based WestJet said today that after months of negotiations it has officially ended discussions with the federal government over a financial aid package to help the airline during the COVID-19 pandemic. The airline’s statement, released this afternoon, comes a day after Canada announced plans to reopen the border to fully vaccinated U.S. citizens next month and to vaccinated travelers around […]
US businesses are nervously awaiting the announcement of the reopening of the US border to Canadian tourists. Canada announced Monday that effective August 9, fully vaccinated U.S. citizens and permanent residents will be allowed into the country, with the rest of the world to follow on September 7. However, Canadians are still not allowed to enter the United States by […]
The United States and its allies officially blamed China on Monday for a massive hack into Microsoft Exchange mail server software and accused Beijing of working with criminal hackers in ransomware attacks and other cyber operations. While not accompanied by sanctions against the Chinese government, the announcements were intended to strongly condemn activities that a senior administration official Biden described […]
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