Business Buzz

Human trials for COVID vaccine
The Canadian Press - 9:19 am - Business Buzz

Canadian trials have just begun for a prospective COVID-19 vaccine but its Quebec-based manufacturer is already downplaying its potential impact. Dr. Bruce Clark, president and CEO of the biopharmaceutical company Medicago, cautions observers against holding unrealistic expectations that his product — or any of the numerous vaccines in development globally — will bring the pandemic […]

Are Edmonton Eskimos next?
The Canadian Press - Jul 13, 2020 - Business Buzz

As pressure mounts for professional sports teams to shed racist or stereotypical names, experts believe the Canadian Football League’s Edmonton Eskimos will soon announce a name change. On Monday, the National Football League’s Washington Redskins announced they would retire their name and logo after pressure from sponsors. The last thing management wants is for people […]

Moms forced from workforce
The Canadian Press - Jul 13, 2020 - Business Buzz

Sarah Pretty is no stranger to complicated situations. The Toronto-based retail distributor has had to confront myriad supply chain issues during the COVID-19 pandemic, but she calls the current school and home life situation of Canadian families an “operational nightmare.” “It’s the uncertainty that’s eating away at people,” says Pretty, adding that some of her […]

Bay Street targets racism
The Canadian Press - Jul 13, 2020 - Business Buzz

A coalition of Canadian business leaders have announced a strategic partnership for a program to support Black professionals on Bay Street and elsewhere. The Canadian Council of Business Leaders Against Anti-Black Systemic Racism and the Canadian Association of Urban Financial Professional announced the plan dubbed the Black North Initiative on Monday. The plan advocates for […]

Federal wage subsidy extended
The Canadian Press - Jul 13, 2020 - Business Buzz

Prime Minister Justin Trudeau says the federal government is extending its program to subsidize wages in companies hit hard by the COVID-19 pandemic until December. The program is the heart of the government’s promise to help Canadians get back to work, even if has to be at a slower pace, as the pandemic wanes. Prime […]

Markets start week on the rise
The Canadian Press - Jul 13, 2020 - Business Buzz

North American stock markets were up in early trading to start the week as Canada’s main stock index was boosted by gains in the materials sector, which includes the big names in the mining sector. The S&P/TSX composite index was up 57.96 points at 15,771.78. In New York, the Dow Jones industrial average was up […]

$114K for old school video game
The Canadian Press - Jul 12, 2020 - Business Buzz

An unopened copy of a vintage Super Mario Bros. video game has been sold for $114,000 in an auction that underscored the enduring popularity of entertainment created decades ago. A bidder who wished to remain anonymous snapped up an early version of the pioneering Super Mario Bros. game released in 1985 for Nintendo’s NES console […]

Amidst allegations, Ubisoft exec out
The Canadian Press - Jul 12, 2020 - Business Buzz

A Paris-based game developer is cutting ties with the managing director of its Canadian studios as the company continues to grapple with allegations of misconduct. Ubisoft says Yannis Mallat is “stepping down from his role and will leave the company, effective immediately.” It says he cannot continue in the role, given recent allegations that have […]

Five things to watch for
The Canadian Press - Jul 12, 2020 - Business Buzz

Five things to watch for in the Canadian business world in the coming week: Statistics Canada report Statistics Canada is scheduled to release its analysis of the effects of changing consumption patterns on consumer price indexes on Monday. The agency recently reported that the annual pace of inflation pulled back even further in May due […]

Insolvent Cirque finalizing deal
The Canadian Press - Jul 11, 2020 - Business Buzz

The Cirque du Soleil’s creditors are finalizing an agreement that could replace the one put forward by the insolvent entertainment company’s shareholders. The turn of events was disclosed Friday at the Quebec Superior Court. Shareholders including the Texan fund TPG Capital, the Chinese firm Fosun and the Caisse de depot have presented a so-called stalking […]