Category Archives: Economy
Absence of Freedom Mobile in 5G auction increases competition concerns for MPs
TORONTO — Freedom Mobile and its parent Shaw Communications Inc. will not participate in an upcoming wireless spectrum auction deemed crucial for the development of 5G networks — reinforcing widespread concerns about the state of competition in Canada'...
Parliamentary budget officer says basic income program could halve poverty rate
OTTAWA — The pressure on the federal Liberal government to introduce a universal basic income ratcheted up a notch Wednesday with a report from the parliamentary budget officer that suggests it could cut poverty rates in Canada by almost half
Cause of gas leak from Hilcorp fuel line being investigated
ANCHORAGE, Alaska — The cause of a natural gas leak from a line that provides fuel for two Hilcorp Alaska offshore production platforms in Cook Inlet is being investigated, the Alaska Department of Environmental Conservation said. The department releas...
Ryanair sees break-even earnings amid slow COVID-19 recovery
LONDON — Ryanair, Europe’s biggest discount airline, says earnings for the current fiscal year are likely to be “close to breakeven” as continued travel restrictions delay its recovery from the COVID-19 pandemic. The pessimistic outlook came as the air...
Ahead of budget, agency funds skills-training program to buffer against future shocks
OTTAWA — When COVID-19 forced the closure of department stores, Mary Junne Boyco and her co-workers lost their jobs, ending more than a decade of working in the service sector. The 35-year-old lost sleep as anxiety crept in about how
Manitoba budget cuts tax on property, enacts tax on digital services
WINNIPEG — Manitobans will soon pay less in property tax but fork out more to stream movies or buy certain goods online. The Progressive Conservative government’s 2021-22 budget released Wednesday includes some long-promised tax relief, some new tax re...
AP FACT CHECK: Biden’s job inflation on infrastructure
WASHINGTON — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday. Biden has also drifted beyond the facts when dismissing the...
Greenland election shows divide over rare-earth metals mine
HELSINKI — Greenland is holding an early parliamentary election Tuesday focused in part on whether the semi-autonomous Danish territory should allow international companies to mine the sparsely populated Arctic island's substantial deposits of rare-ear...
Greenland election shows divide over rare-earth metals mine
HELSINKI — Greenland is holding an early parliamentary election Tuesday focused in part on whether the semi-autonomous Danish territory should allow international companies to mine the sparsely populated Arctic island's substantial deposits of rare-ear...
Spartan Bioscience files for creditor protection after issue with COVID-19 rapid test
Spartan Bioscience Inc. has filed for creditor protection after pausing shipments of its rapid COVID-19 test due to an issue with the product.The Ottawa-based company said some customers were getting a high level of inconclusive results. That's not a s...
