The Canadian economy lost 213,000 jobs in January, about five times more than economists expected, as retail lockdowns forced more businesses across the country to close. Statistics Canada reported on Friday that the unemployment rate rose 0.6 percentage points to 9.4%. This is the highest level since August. Overall employment also fell to its lowest level since this month. January’s […]
WestJet Airlines Ltd. will lay off 120 cabin crew members effective March 2, attributing the measure to the lack of flights to Mexico and the Caribbean. Employees were told of the additional cuts on Friday morning, WestJet spokeswoman Morgan Bell said. “We continue to provide all eligible terminated employees with access to SCAR [Canada Emergency Wage Subsidy] and we don’t […]
Aegis Brands Inc. declares that it has signed an agreement to sell its Second Cup Coffee Co. activities to the Quebec company Foodtastic Inc. The company says the sale price includes $ 14 million in cash, plus a post-closing price supplement. Aegis Brands says the transaction will strengthen its balance sheet and allow it to accelerate its growth strategy through […]
Bitcoin hit a new all-time high on Monday morning after electric car maker Tesla revealed it has stored more than US $ 1.5 billion in cryptocurrency and will soon start accepting it as a mode payment for its products. Tesla revealed in a regulatory filing Monday that it converted US $ 1.5 billion to bitcoin in January, as part of […]
Clean indoor air is increasingly important as COVID-19 keeps Canadians indoors. Popular air purifier brands make a lot of promises about what they can do to protect your home, but a CBC Marketplace the survey found that a homemade DIY purifier can actually outperform some of the better-known brands in the market. There are plenty of claims for consumers to […]
Toronto-based Creator of Website and Social Media Account Spotlighting Local Black-Owned Businesses Takes Initiative Across Country with Launch of Expanded Online Store and Database which, she hopes, will soon contain hundreds of advertisements. Canada owned by black people debuted this week and its founder, Kerin John, is calling on business owners across the country to sign up to be featured. […]
Not sure how Ottawa’s tough new rules are intended to discourage travel during the COVID-19 pandemic? You’re not alone. After the federal government announced the new travel measures on January 29, CBC News was inundated with emails from Canadians wanting to know more – including how Ottawa came up with a $ 2,000 hotel quarantine bill. So far, the government […]
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