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RBC announces new restrictions on financing coal, oil developments

Canada’s largest bank is putting new restrictions on lending to some fossil fuel developments. Read More source

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Business

Suncor Energy to layoff 10-15% of workforce over next 1.5 years

Premier Jason Kenney called the news “very disturbing” and said it could affect about 2,000 Albertans. Read More source

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Business

Coronavirus relief bill to replace CERB passed by Senate

Bill C-4 expands the employment insurance system and creates new leave benefits for workers who get sick with COVID-19 or…

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Business

TC Energy inks deal for Indigenous ownership stake in Keystone XL pipeline

Indigenous communities are being given a chance to pursue an ownership interest in the Keystone XL pipeline project, builder TC…

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Business

Do you need COVID-19 insurance for out-of-province travel?

Your provincial government won’t necessarily cover all the costs of an out-of-province medical emergency. Read More source

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Business

Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet Airlines Ltd. is warning furloughed workers their pay will be cut by up to 53 per cent starting Sunday due…

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Business

Women more likely than men to see jobs transformed by automation: StatCan

A new study raises questions about whether female workers are more likely to struggle with the tech changes spurred by…

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Business

Canada ‘bets the farm’ on deficit spending amid coronavirus resurgence

Big spending may be ok in the short-term but watch out for structural deficits, some economists say. Read More source

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Business

Throne speech pledges extended wage subsidy, help for women and taxes

There are also plans for a new federal disability benefit modeled after the Guaranteed Income Supplement for low-income seniors. Read…

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Business

Restaurant sales went up for 3rd month in July: StatCan

Sales at “drinking places” saw a whopping 40 per cent increase in July. Read More source

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Business

Patio heaters won’t cut it. What will it take for restaurants to survive winter?

Year-round outdoor seating is a nice thought — not a solution, one industry representative says. Read More source

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Business

CMHC to get a new name as part of rebranding effort

Canada’s federal housing agency, the Canada Mortgage and Housing Corp., needs a name change, its outgoing president says. Read More…

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Business

Retail sales up 0.6% in July, below economists’ expectations

Core retail sales, which exclude autos and gasoline, were down 1.2 per cent. Read More source

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Business

$1B supply bill passed in N.L. falls short of Liberal government’s wishes

Liberal government had originally proposed a bill that would let the government keep spending despite not having passed a budget.…

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Business

Bank of Canada deputy says she won’t seek second term

Wilkins’ term as senior deputy governor ends next May and the bank’s board of directors will launch a search to…

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Business

Time to stock up again? The likelihood of empty shelves in a second coronavirus wave

Canada never really had serious supply shortages. Restocking problems, on the other hand, are entirely possible, some experts say. Read…

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Business

Canada’s inflation rate virtually flat in August

The consumer price index in August was up 0.1 per cent compared with a year ago, Statistics Canada says. Read…

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Business

One-third of working moms mulled quitting their jobs due to COVID-19: survey

A lasting drop in women’s participation rate in the workforce could have significant implications for the economic recovery, experts warn.…

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