Business

After Admitting Mistake, AstraZeneca Faces Difficult Questions About Its Vaccine

The announcement this week that a cheap, easy-to-make coronavirus vaccine appeared to be up to 90 percent effective was greeted with jubilation. “Get yourself a vaccaccino,” a British tabloid celebrated, noting that the vaccine, developed by AstraZeneca and the University of Oxford, costs less than a cup of coffee. But since unveiling the preliminary results, AstraZeneca has acknowledged a key mistake in the vaccine dosage received by some study...


Five long-term growth career skills you can start learning now at Black Friday prices

This article was created by StackCommerce. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned. For professionals, one of the quickest ways to send your career into stagnation is to believe you’re done learning. Now that the workforce is exponential after companies around the world have discovered that remote work works, you’re competing with not only your colleagues and...


Oil rally stalls on signs of more supply, demand doubts

Oil rally stalls on signs of more supply, demand doubts


Vaccine is no shot in the arm yet for emerging markets

Vaccine is no shot in the arm yet for emerging markets


Big Six in solid financial shape, but pandemic pain to linger: analysts

Canada’s biggest banks may have made it through 2020 in relatively solid financial shape, but the pandemic’s economic fallout is likely to remain a drag on their earnings for some time, according to analysts. Just how significant the headwinds will be may become clearer next week, when the Big Six will report results for the three-month period ended Oct. 31. Analysts estimate those fiscal fourth-quarter earnings will be down about 20 per cent on...


Matthew Lau: Grab an axe, Doug Ford, and hack away at spending

How conservative is the Ontario government? Not very, according to its fiscal plan . Program spending, including reserves, is projected to be 18.3 per cent of GDP in 2022-23, which means that even after COVID, spending-to-GDP will be a full percentage point higher than when the Liberals left office in 2018, higher even than when Liberal spending peaked at 17.9 per cent of GDP in 2009-10. And it will absolutely dwarf the 13.1 per cent...


Exclusive: Exxon and Total in talks over Mozambique LNG resource-sharing deal - sources

Exclusive: Exxon and Total in talks over Mozambique LNG resource-sharing deal - sources


Europe's largest tech conference to return as in-person event in 2021

Europe's largest tech conference to return as in-person event in 2021


Canadian motor tech firm Exro to raise $30 million with share offering

CALGARY — A Canadian company developing new control products to improve efficiency and performance in electric motors and powertrains is aiming to raise between $30 million and $36.5 million through a public offering of its shares. Exro Technologies Inc., which closed a lab in Victoria and opened a new innovation centre in Calgary over the summer, says it has priced the shares at $3.25 each. The offering is to be conducted on a “best efforts”...


World’s largest medical glove maker becomes the epicenter of Malaysia’s Covid resurgence

Top Glove has shut 20 manufacturing sites in Malaysia after thousands of workers tested positive for the coronavirus disease.


Fed policymakers may give new bond-buying guidance 'fairly soon': minutes

Fed policymakers may give new bond-buying guidance 'fairly soon': minutes


Reduced to meeting online, airlines vow to keep fighting

Reduced to meeting online, airlines vow to keep fighting


Shawn Mendes Shares Views From His Toronto Condo In New Netflix Documentary

Not even a superstar like Shawn Mendes can escape Toronto’s never-ending construction. A clip from the Canadian singer’s Netflix documentary “Shawn Mendes: In Wonder,” released Monday, is proving to be very relatable for people who love the city, but hate the unsightly premium real estate projects that plague it. Originally shared by Canadian Press reporter David Friend on Twitter via screenshots, the clip shows Mendes enjoying the downtown...


Dollar on defensive amid weak U.S. data, increase in risk appetite

Dollar on defensive amid weak U.S. data, increase in risk appetite


Saskatoon builders frustrated local design firms lose bid for $4.8M library contract

The Saskatoon Construction Association penned a letter to Saskatoon Public Library’s board of trustees, saying it hoped more weight would be given to local companies during the procurement process.


Federal competition watchdog voices 'concern' over big grocers' removal of $2 hourly bonus

Canada’s competition watchdog is concerned that top executives at some of the country’s largest supermarket chains held discussions before removing pandemic pay bonuses for their front-line staff on the same day in June. “Now, more than ever, Canadians expect and deserve vigorous competition for their hard-earned money,” Competition Bureau commissioner Matthew Boswell said in a pre-taped speech to Canadian Federation of Independent Grocers on...


Bank of Montreal, CIBC say employees to continue to work from home until April

Bank of Montreal, CIBC say employees to continue to work from home until April


Delta pilots vote for pay cuts in deal that avoids furloughs through 2022

Delta pilots vote for pay cuts in deal that avoids furloughs through 2022


Disney plans to lay off roughly 32,000 workers in the first half of 2021

COVID-19 has caused Disney's income from its cruises, hotels, and theme parks to dive. Future profitability depends on demand for out-of-home events.


Whales to trout: Ottawa announces $50M for research into fisheries ecosystems

The federal government has announced more than $50 million for research into marine and freshwater ecosystems across Canada. The projects range from improving habitat for Atlantic salmon to measuring the effects of shipping on whales off the British Columbia coast to studying trout-bearing waters in Alberta's Rocky Mountains where coal mines are being considered. "We're targeting entire ecosystems and not just specific species," said Minister of...


Dartmouth retailers make quick adjustments to new COVID-19 restrictions

Nova Scotia Premier Stephen McNeil says for at least the next two weeks, Halifax is not a holiday shopping as capacity in stores will be cut drastically to curb the spread of COVID-19.


Victoria's Secret Lingerie replaces its CEO after bruising year of store closures and lawsuits

On Wednesday, Victoria's Secret announced a new CEO of the lingerie division without giving a reason for the change.


Liberals to present bill on single-game sports betting

OTTAWA — The Liberal government says it will bring in a bill on one-game sports betting, five years after a previous attempt died in the Senate. The legislation on the House of Commons notice paper would amend Criminal Code provisions around gambling on single games of football, hockey and other sports, an activity that is currently illegal. The bill could mirror previous parliamentary attempts to reclaim for casinos some of the $14 billion that...


'We're not police': Edmonton-area restaurants choosing to close in-dining following Alberta's new COVID-19 restrictions

Some Edmonton-area restaurants are closing dine-in service over concerns about how to enforce Alberta’s new COVID-19 restrictions. Starting on Friday, restaurants, bars, pubs and lounges will be allowed to open if they follow the new public health guidelines including making sure the maximum of six people at a table are from the same household. Individuals who live alone can go out with up to two of their close contacts. Other changes include...


Secret style tricks that will sell your house

Thinking of putting your house on the market? You don't have to get knee-deep in DIY to get your house ready for valuations and viewings. Try these secret style tricks could sell your house quickly and, most importantly, for the best possible asking price.


NAV Canada could scale back operations at Regina airport following review

In the coming weeks, an aeronautical study will be launched to assess the level of service required at the airport.


The maverick who's now the world's second richest person

How Elon Musk made his fortune in the most maverick way possible.


Bitcoin plummets to 10-day low, dragging smaller cryptocurrencies down

Bitcoin plummets to 10-day low, dragging smaller cryptocurrencies down


In unprecedented move, Canadian pension funds unite to call for greater ESG standards

In an unprecedented move, some of Canada’s largest institutional investors have banded together to ask companies for more rigorous disclosures of environmental, social and governance factors, an effort they say is meant to promote more sustainable and inclusive economic growth. A group of eight pension funds, which together manage a total of about $1.6 trillion in assets, called on corporations in a joint statement Wednesday to standardize their...


Coronavirus: Kelowna bus driver tests positive for COVID-19

The president of Amalgamated Transit Union 1722 confirmed the news, adding the bus driver has been told to stay home for 21 days.


People want smaller turkeys this Thanksgiving for their smaller gatherings, but supermarkets stocked up on big ones

As families plan smaller, COVID-conscious thanksgivings, the demand for smaller "hens" is outstripping bigger "toms."


The pandemic is changing Hollywood, maybe forever

NEW YORK — “No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding. A century later, during another pandemic, movies — quotes no longer necessary — are again facing a critical juncture. But it’s not because new films haven’t been coming out. By streaming service, video-on-demand, virtual theatre or actual theatre, a steady diet of films have been...


Goldman Sachs has been employing drones to get a close peek at potential bids before sealing billion-dollar deals during the pandemic

The shift to remote work forced investment bankers to conduct virtual tours of potential bids for their clients.


BRP beats Q3 expectations, raises full-year guidance as business outlook improves

BRP Inc. reported an improved outlook for the rest of the year on Wednesday as the company’s third-quarter earnings results beat analysts’ expectations and it raised its guidance for its full financial year. The maker of Ski-Doos and Sea-Doos reported higher third-quarter profit compared with a year ago, buoyed by strong sales worldwide despite COVID-19 lockdowns that hampered inventory and distribution. "Given the increased popularity of our...


JPMorgan says investors are underinvested in Southeast Asia and could miss out on opportunities

So far in 2020, markets in Southeast Asia have largely been among the worst performing.


Tesla's upcoming S&P 500 debut fuels 'crazy' trading volume

Tesla's upcoming S&P 500 debut fuels 'crazy' trading volume


Imperial Oil to lay off 200 workers following cost-cutting analysis

Calgary-based Imperial Oil Ltd. said Wednesday it is laying off about 200 of its 6,000 employees across Canada as part of a cost-cutting initiative due to low oil prices. The oilsands, refining and energy retailing company, which has been reluctant to cut staff during the current and previous industry downturns, also confirmed Wednesday it has reduced the number of contractors it employs by about 450 since the start of the year. Imperial is 69.6...


Manitoba can’t say if anyone’s volunteered to help at coronavirus test sites

The province is looking for volunteers to direct traffic at testing sites, check in and register those coming in for tests, and do the initial screening at the sites.


Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk

Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk


LG to spin off affiliates as break-up looms at South Korean conglomerate

LG to spin off affiliates as break-up looms at South Korean conglomerate


Amazon's cloud service sees widespread outage

Amazon's cloud service sees widespread outage


Moncton restaurant owners say stricter orange phase restrictions are ‘killing’ their business

A Moncton couple says the stricter orange phase COVID-19 restrictions are 'killing' their restaurant business.


Jobless aid for nearly 14 million Americans to expire the day after Christmas

Jobless aid for nearly 14 million Americans to expire the day after Christmas


This guy lives in a Boeing 727 aeroplane

Former electrical engineer Bruce Campbell calls a retired Boeing 727 home. Located in a forest in Portland, the impressive converted aircraft from the 1960s is one of the coolest fixer-upper houses we've ever seen.


Adjusted 2021 city budget still sees Saskatoon property taxes increasing 3.87%

The budget being considered shows revenue drops in multiple areas which is primarily a result of the pandemic.


Business rights or human rights? Swiss vote shines spotlight on companies

Business rights or human rights? Swiss vote shines spotlight on companies


Wall Street banks slam lending proposal as 'unworkable' and 'political'

Wall Street banks slam lending proposal as 'unworkable' and 'political'


Liberals to unveil first step on child-care plan in economic update, sources say

OTTAWA — The federal Liberals will take a small step toward a plan to create a national daycare system, with sources telling The Canadian Press next week's economic update will have money for a new federal child-care body. Sources with knowledge of the government's plans, who spoke on the condition of anonymity to detail private conversations about yet-to-be-announced measures, said the Liberals will unveil funding for the child-care secretariat...


Warren Buffett joked he would be 'eating Thanksgiving dinner at McDonald's' if the US government didn't bail out the banks in 2008

The billionaire investor wouldn't mind too much as he grabs breakfast there on his way to work and has a McDonald's gold card.


Bjorn Lomborg: The electric car won’t get us very far

In a move to jump-start the market for electric cars in Quebec, the government of Premier François Legault this month announced a ban on the sale of new gas-powered cars from 2035. Similarly, leaders across the rich world, including U.S. president-elect Joe Biden and U.K. Prime Minister Boris Johnson, who just announced an even more ambitious deadline of 2030, promise lavish carrots along with sticks to outlaw gasoline cars. Unfortunately,...