Tag Archives: News/Business

Bouncing back? Canada added 290,000 jobs in May

By | June 5, 2020

After losing more than three million jobs in March and April, Canada’s economy added 290,000 jobs in May, Statistics Canada reported Friday. The data agency reported that 290,000 more people had paid employment in May than in April. And the number of people who worked less than half their usual hours fell by about the same amount: 292,000. Despite the… Read More »

Planning a Canadian vacation? Some provinces may be off limits. Here’s what you need to know

By | May 31, 2020

This summer, many Canadians may choose to explore their own country due to closed borders and concerns about contracting COVID-19 while travelling abroad.  “People will be sticking closer to home, going out in the cars because they [have] control. It’s their bubble,” said Allison Wallace, spokesperson for travel agency Flight Centre.  Despite the pandemic, Canadians will still be able to visit… Read More »

Wondering when Canadians can start travelling again? Here’s what you need to know

By | May 23, 2020

For many Canadians, their most exciting adventure over the past couple of months has been a weekly trip to the grocery store. But now that provinces are easing COVID-19 restrictions, some people may be contemplating travel abroad. Here’s what you need to know about travelling outside Canada while COVID-19 still lingers in our lives. Can I travel now? Yes, but with… Read More »

Shops are reopening after COVID-19, and some are adding a new line to your bill to pay for it

By | May 23, 2020

As businesses take their first cautious steps toward reopening, Canadians should brace themselves for the possibility of seeing a new fee tacked on to their bill: a COVID-19 surcharge. Retailers have been hit hard by the pandemic, as social distancing requirements forced many of them to shut down, and the ones that remained open could serve only a… Read More »

Montreal-based fashion retailer Reitmans seeks creditor protection for its 576 stores across Canada

By | May 19, 2020

Women’s fashion retailer Reitmans will seek protection from its creditors in a Canadian court Tuesday, the latest retail chain to try to restructure after COVID-19 walloped its business. The Montreal-based company said Tuesday that it is seeking protection under the Companies’ Creditors Arrangement Act, a federal law governing companies that can’t pay their bills. “Filing for protection under the CCAA is… Read More »

Canadian fashion retailer Reitmans granted creditor protection while restructuring its 576 stores

By | May 19, 2020

Women’s fashion chain Reitmans has been granted protection from its creditors while it restructures, the latest retail victim of the COVID-19 pandemic. The Montreal-based company sought and was granted protection by a Quebec court under the Companies’ Creditors Arrangement Act (CCAA), a federal law governing companies that can’t pay their bills. “Filing for protection under the CCAA is truly… Read More »

Anxious about COVID-19 and returning to work? Here’s what you need to know

By | May 6, 2020

With more businesses reopening, some employees are anxious about going back to work in the midst of the coronavirus pandemic, worried their health could be at risk and wondering if they have any rights not to return. In southern Alberta, for example, the union for workers at the meat processing plant Cargill have been trying to stop its reopening, saying that… Read More »

There’s been no spike in personal and business bankruptcies, but surge is expected this fall

By | May 5, 2020

With the coronavirus pandemic leaving many in a precarious and dire financial situation, Lou Brzezinski and other lawyers and insolvency trustees have been sitting by the office phone, expecting it to ring.  “And it’s not ringing. And we ask ourselves what’s going on?” When it comes to consumer bankruptcies, business is actually down — fewer people are filing now then they did before… Read More »

Canada lost more than 1M jobs last month as COVID-19 struck

By | April 9, 2020

Canada’s economy lost more than one million jobs in March, Statistics Canada says, pushing the jobless rate up to 7.8 per cent. Economists had been expecting the figure to come it at around 500,000 jobs lost, which already would have been the worst month for job losses on record. More to come. View original article here Source