Air Canada cuts 1,500 more jobs and cancels 17 more routes

Canada’s largest airline has informed 1,500 of its workers that they will soon be out of work due to new travel restrictions and a dramatic reduction in demand for flights. The airline “will temporarily reduce its unionized workforce by 1,500 people and an as yet undetermined number of management positions,” Air Canada told CBC News. The move follows a decision […]

Consulting firm McKinsey agrees to pay nearly $ 600 million for role in opioid crisis

Business consultant McKinsey & Company has agreed to pay nearly US $ 600 million for its role in advising companies on how to sell more prescription opioid painkillers amid a scale overdose crisis national. “We deeply regret that we did not sufficiently recognize the tragic consequences of the epidemic unfolding in our communities,” McKinsey Managing Partner Kevin Sneader said in […]

Scotiabank renews downtown Toronto head office lease – but will vacate upper floors

Scotiabank is renewing its lease at Scotia Plaza in downtown Toronto’s financial center, but will vacate the space atop the complex’s office tower for the first time since the building was constructed. The owners of the building, KingSett Capital and Alberta Investment Management Corp., say Scotiabank has renewed its 52,000 square meter lease at 40 King Street West and 100 […]

Some snowbirds still fly south despite new travel rules – because they can

Despite tough new measures imposed by Ottawa to curb overseas travel during the COVID-19 pandemic, some snowbirds are still flying to U.S. sun destinations. It’s because they can. The federal government’s new measures, announced last week, include a hotel quarantine stay for air passengers and an agreement with major Canadian airlines to cancel all flights to the Caribbean and Mexico […]

Canada lost 213,000 jobs in January as lockdowns took a huge slice of the labor market

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 lays off 120 cabin crew due to route cancellations in Mexico and the Caribbean

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 […]