Major Canadian Banks to Release Quarterly Results, May Provide Snapshot of Economic Recovery

Canada’s largest banks will report quarterly financial results this week, and analysts say they will listen to clues as to how bank executives view the economic recovery from COVID-19. John Aiken, director of research (Canada) at Barclays, says Canadian bank executives are likely to give analysts insight into the economic recovery in different sectors, such as mortgages, credit card spending […]

New hotel quarantine rules for air travelers are now in effect. Here’s what you need to know

As of Monday, most air passengers entering Canada must comply with new travel measures, including an expensive hotel quarantine. The new regulations have got off to a bumpy start, with complaints from some travelers that they cannot go to the government phone line to book their hotel, or they cannot determine whether they are exempt from the rules. Here’s the […]

TC Energy plans to sell steel as next steps after Keystone XL cancellation

TC Energy plans to sell steel and other aftermarket equipment from its Keystone XL project as it continues to decide on its next course of action regarding the failed pipeline proposal. Almost a month after US President Joe Biden withdrew the project’s license, Calgary-based TC Energy is still weighing its options and looking to recoup Keystone XL expenses. The company […]

Robinhood CEO among those grilled by US lawmakers over GameStop’s commercial frenzy

The main players in the GameStop saga were confronted Thursday with questions from US House lawmakers, concerned that even as investment democratizes, the scales still weigh in favor of large Wall Street institutions. GameStop shares climbed 1,600% in January before falling sharply. The drama has mingled huge short-selling hedge funds, a social media message board, and ordinary investors looking for […]

WestJet temporarily cuts 4 domestic routes in Alberta, Ontario and Atlantic Canada

WestJet says it is temporarily cutting service to some communities in four provinces as the COVID-19 pandemic continues to hammer the airline. The Calgary-based airline has announced that it will stop the following flights until June 24: Calgary to Medicine Hat, Alta., Starting March 21. Calgary to Lloydminster, Alta., Starting March 19. London, Ont., In Toronto, starting March 22. From […]

Bitcoin climbs above US $ 50K for the first time

Bitcoin’s seemingly unstoppable rise continued on Tuesday, with the cost of a single unit of digital currency exceeding US $ 50,000 for the first time. The same bitcoin just a year ago would have cost you US $ 10,000. The price has risen nearly 200 percent in the past three months alone. Bitcoin rallies as more companies report that volatile […]

A closer look at where $ 82 billion in CERB payments were made at the start of the pandemic

Kelly Ernst remembers standing on the sidewalks, greeting needy families in northeast Calgary as they open their doors to collect baskets of food. Ernst, vice president for vulnerable populations at the Center for Newcomers in Calgary, said the memory is a testament to how COVID-19 is harming the community, socially and economically. Ernst said the Skyview Ranch neighborhood is one […]