Business Buzz


Credits offered after outage
The Canadian Press - Apr 20, 2021 - Business Buzz

Rogers Communications Inc. is offering customers a credit after a massive nationwide wireless outage left millions without voice calls, texting and data service for several hours on Monday. The company says a credit equivalent to Monday’s wireless service fee will be applied to a future bill. Rogers says the credit will be done automatically and […]

Boeing CEO still on board
The Canadian Press - Apr 20, 2021 - Business Buzz

Boeing’s board of directors raised the mandatory retirement age for CEO David Calhoun from 65 to 70 just days after he turned 64. The board’s vote of confidence for Calhoun comes as Boeing continues to struggle to recover from two crashes of its bestselling airliner and the coronavirus pandemic, which has undermined demand for new […]

Does Dogecoin’s bark have bite?
The Canadian Press - Apr 20, 2021 - Business Buzz

NEW YORK — Dogecoin, the digital currency advertised as the one “favoured by Shiba Inus worldwide,” is having its day. Fans of the cryptocurrency are touting April 20, long an unofficial holiday for marijuana devotees, as “Doge Day” and imploring each other to get its value up to $1. That may not sound like much, […]

Budget lifts small business
The Canadian Press - Apr 19, 2021 - Business Buzz

Ottawa’s budget measures for small- and medium-sized businesses include pandemic-related program extensions and funding boosts even as the government rolls out a $15 federal minimum wage. The federal budget unveiled Monday plans to extend—then gradually wean businesses off—the pandemic-triggered programs while phasing in new measures. Ottawa is extending rent and wage programs while at the […]

Budget focuses on work training
The Canadian Press - Apr 19, 2021 - Business Buzz

OTTAWA — The federal government is looking to give workers and students a leg up with a budget that commits billions to training, benefits and debt relief, as those hit hardest by the COVID-19 pandemic try to dust themselves off. The first Liberal budget in more than two years aims to create 500,000 training and […]

Foxconn cuts new tax deal
The Canadian Press - Apr 19, 2021 - Business Buzz

MADISON, Wis. — Foxconn Technology Group, the world’s largest electronics maker, has reached a new deal with reduced tax breaks for its scaled back manufacturing facility in southeast Wisconsin, Gov. Tony Evers and the the company announced on Monday. Details of the new deal were not immediately released. It was scheduled to be approved at […]

Rogers outage infuriates clients
The Canadian Press - Apr 19, 2021 - Business Buzz

A countrywide wireless outage has left customers of Rogers Communications Inc. with intermittent access to call and texting services on Monday. The national wireless carrier said in a Twitter post it’s working quickly to restore the impacted services as soon as possible. According to Down Detector, a website that tracks outages, problems are being reported […]

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 […]