Money

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

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


Pentagon sees uptick in coronavirus cases in military as major holidays approach

The Pentagon also recorded more than 1,300 new confirmed cases of Covid-19 among the sister service branches, a new record for the military in a 24-hour period.


Taylor Swift's massive fanbase sets Disney Plus up for an easy win with its new 'folklore' concert album

Taylor Swift has one of the most avid fanbases of any pop star, and with fans unable to see her perform in person, Disney brought the concert to them.


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.


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.


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.


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."


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.


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

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


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


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

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


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...


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...


Disney to lay off about 32,000 workers in first half of 2021

Disney to lay off about 32,000 workers in first half of 2021


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

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


Bitcoin price drops more than $1,000 in Asian trade

Bitcoin price drops more than $1,000 in Asian trade


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.


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


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.


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


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


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...


DOJ appeals ruling that kept Trump as defendant in E. Jean Carroll rape claim case

E. Jean Carroll says President Trump defamed her by saying she was lying and motivated by money when she claimed he raped her in a dressing room in the 1990s.


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.


Amazon's cloud service sees widespread outage

Amazon's cloud service sees widespread outage


Cheese giant enters standoff with Canadian supermarkets over fines as pandemic supply challenges mount

One of Canada’s biggest cheesemakers is refusing to pay fines imposed by supermarkets for light shipments, anticipating rising consumer demand during the latest tide of coronavirus infections and lockdown orders. The blanket refusal flouts convention in the grocery business, where supermarkets have historically charged suppliers penalties when their shipments come up short. But some in the sector argue those fines are no longer fair given that...


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

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


PWHPA's Toronto roster gains corporate sponsor in insurance company Sonnet

Sarah Nurse's new blue hockey jersey was paid for by a company. She wants to know when she can wear it in a game. Amid a spate of recent sponsorship announcements by the Professional Women's Hockey Players' Association comes the corporate branding of a team. PWHPA players based in Toronto are now Team Sonnet. The digital home and auto insurance company has made "a significant six-figure commitment" to the PWHPA, according to Sonnet marketing...


IKEA investment arm in talks to buy city-centre retail property in big European cities

IKEA investment arm in talks to buy city-centre retail property in big European cities


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...


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...


CAE signs agreement with Textron to buy TRU Canada for US$40M

MONTREAL — CAE Inc. has signed a deal with Textron to buy TRU Simulation + Training Canada Inc. for US$40 million. The company says the acquisition of expands its installed base of commercial flight simulators and customers. CAE says TRU Canada also brings with it a backlog of simulator orders, full-flight simulator assets and provides access to a number of airline customers. The transaction is subject to regulatory approvals and other customary...


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.


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

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


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


'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...


Cascades to close its napkin plant in Laval, Que. in June 2021

KINGSEY FALLS, Que. — Cascades Inc. says it will close its napkin plant in Laval, Que., at the end of June next year. The plant currently employs 54 workers. Cascades says it will offer to relocate as many employees as possible to its other operations in Quebec and employees who are not able, or do not wish to relocate, will be offered help in their search for other employment. The Laval plant has an annual capacity of 1.4 million cases. The...


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”...


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...


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...


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.


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.


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...


Vaccine is no shot in the arm yet for emerging markets

Vaccine is no shot in the arm yet for emerging markets


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...


Reduced to meeting online, airlines vow to keep fighting

Reduced to meeting online, airlines vow to keep fighting


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...


Have job, but no hours: Some employed Canadians not working at all

Have job, but no hours: Some employed Canadians not working at all


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.


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...