Category Archives: Business

Liberals vow wage-subsidy extension to 2021, revamp of EI system in throne speech

OTTAWA — The Liberals are reversing course on a decision to wind down a federal wage subsidy, vowing in their throne speech to extend the program for businesses harmed by COVID-19 into next year. Over the summer the government decided to

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

OTTAWA — The minority Liberal government unveiled sweeping goals Wednesday to expand or extend supports for Canadians from nearly every sector of society in a throne speech billed as their “ambitious plan for an unprecedented reality.” But the plan h...

Atlantic Canada airports estimate 92 per cent drop in summer travel

HALIFAX — Atlantic Canada's airports say they need more money from the federal government to cope with a massive decline in airline traffic owing to the COVID-19 pandemic. The Atlantic Canada Airports Association said today the 11 airports it repr...

Group wants Parliament, courts to hold social media to same standard as publishers

TORONTO — Friends of Canadian Broadcasting is calling on Parliament to restrain social media platforms from distributing harmful or hateful content by applying the same laws that publishers and broadcasters already face. The lobby group's executive dir...

Suspicious activity found on 48,000 CRA accounts after cyberattacks: treasury board

OTTAWA — The Treasury Board of Canada says it has uncovered suspicious activities on more than 48,000 Canada Revenue Agency accounts following cyberattacks in July and August.The treasury says the previously-announced attacks targeted CRA accounts and ...

Bank of Canada’s second-in-command Carolyn Wilkins says she won’t seek a second term

OTTAWA — Carolyn Wilkins, the second-in-command at the Bank of Canada, won't seek a second term. The central bank announced the decision on Thursday afternoon, ending weeks of speculation about Wilkins future. Wilkins said in a statement that it has be...

Wage subsidy extension into 2021 critical for tourism sector to survive: industry

OTTAWA — A coalition of organizations representing the tourism sector says the federal government must keep its wage-subsidy program in place well into next year to help businesses with dire prospects for recovery from the COVID-19 pandemic. Forty org...

Canada Mortgage and Housing Corp. to get new name to better reflect changing mandate

OTTAWA — The Canada Mortgage and Housing Corp. will be getting a new name in the coming months, part of a larger rebranding by the federal housing agency to better reflect its changing mandate.The head of the Crown corporation says

Throne speech to talk short-, and long-term plans as cases rise, prompting PM address

OTTAWA — The federal Liberals' throne speech Wednesday is to lay out plans for child care, health care, affordable housing and navigating the economic fallout of the COVID-19 pandemic. The speech, crafted by the governing party but delivered by Gov. Ge...

At 11th hour, U.S. abruptly reverses course, lifts tariffs on Canadian aluminum

WASHINGTON, Wash. — The United States blinked Tuesday in its latest tariff dispute with Canada, lifting a 10 per cent levy on Canadian-made aluminum just hours before Ottawa was to let fly with a suite of countermeasures.  The tariffs are being