Business

Will the B.C. wildfires push up lumber prices all over again?

One Vancouver-based sawmill has already said it’s curtailing lumber production due to difficulties caused by wildfires Read More source

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Canadian retail sales fell by 2.1% in May amid COVID-19 lockdowns

Sales decreased in eight of 11 subsectors for May, representing more than 65 per cent of the country’s retail trade.…

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Hard-hit Canadian businesses call for extensions as COVID-19 aid programs wind down

As the Canadian economy gradually reopens, the government is winding down their COVID-19 aid programs. Read More source

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Air Canada says easing travel restrictions increased bookings in Q2, loss narrowed

Air Canada reported improving but still big losses in the second quarter as travel demand started to rise. Read More…

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‘Never like this’: B.C. money expert describes financially planning for climate disaster

Kerry K. Taylor has been helping Canadians with money for decades. Now she’s confronting a new personal finance topic: how…

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Looking for a used car? It may cost you as much as a new one

In the upside-down reality of the COVID-19 economic recovery, some used vehicles are barely depreciating. Read More source

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Blue Jays boosted Rogers’ revenue in Q2 as live sports resumed

Rogers Communications Inc. says it earned $302 million in the second quarter on a 14-per-cent increase in revenues as it…

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‘A magnet, not a mandate’: How some big Canadian firms are reframing the office

Some of Canada’s largest employers are embracing a hybrid work model that includes work from home but doesn’t entirely do…

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Canada Child Benefit gets smallest annual increase on record this year

The small increase, which is tied to the pace of inflation, reflects slow price growth last year amid the economic…

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Toyota says it won’t run Olympic ads in Japan amid COVID-19 safety concerns

Tokyo 2020 sponsor Toyota will not run Olympics-related TV commercials amid lackluster public support for the Olympics, Read More source

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Dow Jones, TSX sink on fears Delta variant will stunt economic recovery

Investors pummeled the stocks of companies, such as airlines, sensitive to the reopening of the economy. Read More source

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Zoom looks past pandemic with $14.7B deal to buy Five9

Zoom’s deal is expected to close in the first half of 2022. It still needs approval from Five9 shareholders. Read…

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Debt survey shows divide between higher- and lower-income Canadians during pandemic

Overall, Canadians say they are financially better off, according to a survey by debt consultancy MNP. And yet the highest…

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U.S. regulator sues Amazon, demands recall of hazardous products

Safety regulators are suing Amazon to force it to recall hazardous products sold on its site. Read More source

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How much parents across Canada could save per year with the national child-care plan

A new analysis by the Centre for Policy Alternatives estimates how much families with you children in cities across Canada…

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House hoarding? Why some upsizing homebuyers aren’t selling their old homes

Sky-high home prices create an incentive for homeowners who are upsizing to hold on to their old homes, real estate…

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Home sales in Canada fell for the 3rd straight month in June

Home sales were down 8.4 per cent month-over-month in June, as sales cooled in 80 per cent of all local…

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Bank of Canada will move to cool inflation if price spikes look more permanent: governor

Tiff Macklem says the Bank of Canada largely expects higher prices right now are temporary. Read More source

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