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Updated: 14 min 48 sec ago

Live Nation/Ticketmaster decision to withhold refunds 'reprehensible,' say fans, members of Congress

Fri, 04/17/2020 - 01:00

Fans around the world — and now two members of Congress — are demanding entertainment giant Live Nation refund tickets for all events cancelled or disrupted by the COVID-19 crisis. But Live Nation says 90 per cent of its shows are simply being postponed for future dates that have yet to be set.

Small businesses demand action, not just talk, on rent relief amid COVID-19 crisis

Thu, 04/16/2020 - 12:28

Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up.

U.S. has seen 20 million new jobless claims since COVID-19 struck

Thu, 04/16/2020 - 05:50

Another 5.2 million Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak.

Pentagon $10B US cloud contract that snubbed Amazon was legal: watchdog

Thu, 04/16/2020 - 05:37

The U.S. Defence Department inspector general found no evidence of White House interference in the contract award process that saw Amazon snubbed in favour of Microsoft. But investigators could not fully review it because the White House would not allow unfettered access to witnesses.

COVID-19 has world's major economies on track for worst quarterly decline in history

Thu, 04/16/2020 - 01:00

The flood of negative economic indicators caused by the novel coronavirus is set to reach epic proportions in the second quarter, with the world's major economies poised to see their worst ever quarterly decline on record. 

Some Canadian passengers from virus-stricken Zaandam cruise still in hospital in Florida

Thu, 04/16/2020 - 01:00

Global Affairs Canada said Wednesday a "small number" of the 247 Canadian passengers on the ill-fated Zaandam cruise ship remain in hospital in Florida.

Canada's manufacturing heartland faces 'bumpy road' back, uncertain future after COVID-19

Thu, 04/16/2020 - 01:00

Ontario's already weakened manufacturing industry has been dealt a severe blow by the coronavirus pandemic. Experts fear the recovery could be slow and say the future is uncertain.

WestJet sends layoff notices to 1,700 pilots amid dramatic reduction in air travel

Wed, 04/15/2020 - 21:05

WestJet has sent layoff notices to 1,700 of its pilots amid an unprecedented reduction in air travel due to the global COVID-19 pandemic.

New setback for Keystone XL oil pipeline as U.S. court rules against new permit

Wed, 04/15/2020 - 19:17

Environmental groups celebrate as Alberta government reasserts commitment to the project.

COVID-19 cases confirmed at 3 Alberta meat-packing plants

Wed, 04/15/2020 - 16:41

Cases of COVID-19 have been confirmed at a third Alberta meat-packing plant, according to the union that represents those workers.

Bank of Canada holds rate steady at 0.25%

Wed, 04/15/2020 - 07:18

After cutting it three times in barely a month, the Bank of Canada kept its benchmark interest rate steady at 0.25 per cent on Wednesday.

Home sales fell 14% in March as COVID-19 settled in, CREA says

Wed, 04/15/2020 - 06:47

Home sales fell by 14 per cent in March as COVID-19 lockdowns slowed the market to a crawl, the Canadian Real Estate Association says.

Cracks form as governments face pressure from global debt burdens: Don Pittis

Wed, 04/15/2020 - 01:00

As the International Monetary Fund forecasts the deepest recession in a century, countries without Canada’s wealth could fall into chaos, some experts warn.

Grocery stores eager for new hires draw on those made jobless by pandemic

Tue, 04/14/2020 - 17:40

Canada’s supermarkets are steadily hiring new employees to meet the growing demand for their essential service. That need for more staff, combined with staggering job losses in other sectors, has resulted in new recruits who never imagined they’d be grateful for the chance to wash down produce and deliver groceries.

Canada's oilpatch has cut almost $9B in spending plans since crude plunge began

Tue, 04/14/2020 - 12:52

Analysts say its preliminary estimates suggest upstream oilsands investment may be at its lowest levels in over a decade and a half.

What it's like being 30 and going through the 3rd recession of your adult life

Tue, 04/14/2020 - 11:07

The majority of this generation's members — born between 1980 and 1996 — have been through this before, some of them more than once.

Global economy will suffer worst year since Great Depression of 1930s, IMF says

Tue, 04/14/2020 - 07:29

Representatives for the International Monetary Fund say they expect the global economy to shrink three per cent in 2020, its worst year since the Great Depression of the 1930s.

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