Category Archives: Business

Federal budget extends COVID income support programs, including unemployment sickness benefits

The federal government has extended several support programs for Canadians facing unemployment and loss of income during the pandemic, including extending temporary changes to Employment Insurance. Here’s a breakdown of what the 2021 budget holds for COVID-19 income support. Extensions of COVID-19 income support programs Some of the income support benefits introduced last year to […]

Businesses urge federal government to keep COVID subsidy taps open

Celina Blanchard would much rather be serving customers one of her classic margherita pizzas and a glass of Barolo. Instead, since December, the owner of Roncesvalles favourite Pizzeria Lambretta has kept her restaurant closed, as COVID-19 cases surged and lockdowns restrict restaurants to takeout and delivery. “Staying open just for takeout wouldn’t be worth it. […]

Five things to watch for in the Canadian business world in the coming week

TORONTO – Five things to watch for in the Canadian business world in the coming week: Federal budget Finance Minister Chrystia Freeland will release her first budget on Monday. It has been more than two years since the federal Liberals have delivered a budget. They skipped last year due to what the government said was […]

CRTC ruling on cellphone carriers doesn’t go far enough, critics say

Canada’s telecom regulator released a ruling Thursday that it says will create more competition and affordable options for Canadians who pay some of the highest cellphone bills in the world, but consumer advocates say they are disappointed and a lot of uncertainty remains. “This is pretty much the bare minimum the (Canadian Radio-television and Telecommunications […]

Plans for update to EI system coming soon, Qualtrough says in budget hint

OTTAWA – Employment Minister Carla Qualtrough says any changes to modernize the employment insurance system won’t be done without considering the financial impact on workers and employers. She also said the government will have to carefully make changes to the system so tinkering with one part of the decades-old system doesn’t cause a cascade of […]

North American stock markets up in late-morning trading, loonie edges lower

TORONTO – Gains in the base metals sector led the way as Canada’s main stock index posted a triple-digit advance in late-morning trading and U.S. stock markets also pushed higher. The S&P/TSX composite index was up 116.78 points at 19,288.44. In New York, the Dow Jones industrial average was up 253.11 points at 33,984.00. The […]

North American stock markets up in late-morning trading, loonie edges lower

TORONTO – Gains in the base metals sector led the way as Canada’s main stock index posted a triple-digit advance in late-morning trading and U.S. stock markets also pushed higher. The S&P/TSX composite index was up 116.78 points at 19,288.44. In New York, the Dow Jones industrial average was up 253.11 points at 33,984.00. The […]

Most Black female entrepreneurs face barriers to financing: report

TORONTO – A study has found the vast majority of Black women who are entrepreneurs in Canada say they face significant barriers to financing, including the cost of borrowing. The report released by the Black Business and Professional Association looked at how the pandemic has affected Black female entrepreneurs who have been harder hit and […]