Business Buzz


Market records all around
The Canadian Press - Apr 16, 2021 - Business Buzz

TORONTO — Overflowing investor optimism that the pandemic’s gloom will soon lift pushed Canada’s main stock index and two of three indexes in the United States to record closes on Friday. The S&P/TSX composite index was up 29.40 points at 19,351.32, a gain of 123.29 points for the week. In New York, the Dow Jones […]

Grocery store workers anxious
The Canadian Press - Apr 16, 2021 - Business Buzz

Grocery store workers are struggling with heightened stress and anxiety as they remain on the front lines of a surge in COVID-19 infections in Canada’s hot spot areas, industry watchers say. Despite being deemed essential and continuing to go into work as stay-at-home orders are renewed, most supermarket employees have yet to receive a vaccine […]

Business rent deals to be had
The Canadian Press - Apr 16, 2021 - Business Buzz

When Sohel Imani went looking for a second location for his bike shop in Toronto’s West End, he knew he’d be able to leverage the city’s current commercial rental market. With dozens of storefronts sitting empty in any given Toronto neighbourhood, Imani says he knew he could throw out lowball offers for rentals spaces because […]

More hope for regional carriers?
The Canadian Press - Apr 16, 2021 - Business Buzz

TORONTO — Canada’s regional wireless and internet carriers will benefit the most from this week’s landmark regulatory ruling by the CRTC, telecommunications analysts and consumer advocates say. Financial analysts at RBC Capital Markets and Canaccord Genuity Capital Markets say Quebecor’s Videotron and Cogeco Communications will likely have more room to grow, given the CRTC’s new […]

Bezos vows to help workers
The Canadian Press - Apr 15, 2021 - Business Buzz

NEW YORK — After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos said that as executive chairman he will focus on making the company a better place to work. Bezos made the disclosure Thursday in his annual letter to shareholders. He said he didn’t take comfort in the outcome of the recent […]

WestJet wants piece of pie
The Canadian Press - Apr 15, 2021 - Business Buzz

OTTAWA — WestJet CEO Ed Sims says the federal government’s aid package for Air Canada could be “problematic” unless his company gets equitable treatment, as talks over pandemic relief continue between Ottawa and Canadian carriers. In a memo obtained by The Canadian Press, Sims tells employees the government is now the fourth-largest shareholder in their […]

Shaw profits up as merger nears
The Canadian Press - Apr 14, 2021 - Business Buzz

CALGARY — Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26 billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny. The company says it had net income of $217 million on revenue of $1.387 billion in the three months ended […]

Toronto Realtors drop ‘master’ term
The Canadian Press - Apr 14, 2021 - Business Buzz

TORONTO — Greater Toronto Area home hunters browsing through property listings will soon notice a change. The organization will use the word “primary” in place of “master,” when referencing the main or principal bedrooms in homes in the coming months, said Toronto Regional Real Estate Board president Lisa Patel. “We know that words matter, and […]

Green construction gets big infusion
The Canadian Press - Apr 14, 2021 - Business Buzz

OTTAWA — Infrastructure Minister Catherine McKenna has announced a $1.5-billion program designed to spur green building through retrofits, upgrades and new construction of public institutions. The five-year plan aims to save energy and cut pollution while creating jobs, with potential projects ranging from environmentally friendly community centres to energy-efficient library windows. “We need to be […]

More female execs still needed
The Canadian Press - Apr 14, 2021 - Business Buzz

A study by an Ottawa think tank has found that women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange, despite the 2015 introduction of disclosure requirements intended to boost their numbers. The Conference Board of Canada says that while there is some progress in the proportion of women on corporate […]