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National Business
Powell warns of a possible sustained recession from pandemic
WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.
May 13, 2020 4:49 PM
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Rideshare, taxi services introduce COVID-19 protocols for masks, passenger total
TORONTO — Rideshare and cab companies operating in Canada are retooling their apps and services to help stop the spread of COVID-19 as the economy reopens. Uber Technologies Inc., Lyft Inc.
May 13, 2020 4:39 PM
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Aimia follows Alibaba co-founder Jack Ma in buying stake in Chinese ad firm
MONTREAL — Aimia Inc. made its biggest move yet under its new strategy as an investment holding firm, scooping up a 10 per cent stake in one of China's largest outdoor advertising firms.
May 13, 2020 4:19 PM
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Nova Scotia chemists work with mill to create medical-grade pulp for N95 masks
HALIFAX — A team of chemists at Saint Mary's University in Halifax is looking at methods to help East Coast mills produce pulp that can be used in the N95 respirator masks that have been in high demand during the global pandemic.
May 13, 2020 3:55 PM
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Desjardins Group scrambles to meet 616,000 relief requests from members, clients
MONTREAL — Desjardins Group says the COVID-19 pandemic weighed on its results last quarter, as surplus earnings before member dividends dropped 29 per cent year over year.
May 13, 2020 3:50 PM
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Salons and barbers to take a financial hit as they start to reopen
Salons and barbershops are starting to reopen in some parts of Canada with more on the way, but the industry says the measures needed to keep everyone safe while getting a haircut will mean a big financial hit.
May 13, 2020 3:44 PM
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Vancity CEO Tamara Vrooman to become Vancouver Airport Authority chief
VANCOUVER — The chief executive of Vancity is stepping down as head of the credit union to become chief executive of the Vancouver Airport Authority. Tamara Vrooman, who will continue at Vancity until June 30, takes over the new job effective July 1.
May 13, 2020 2:19 PM
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StatCan suspends pre-release of jobs data to key government officials after leak
OTTAWA — Statistics Canada is suspending the pre-release of its jobs report to a select group of government officials after a leak of the numbers last week.
May 13, 2020 1:55 PM
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Cirque du Soleil founder considering participating in company's rescue
MONTREAL — Three months after selling his stake, Cirque du Soleil's founder is considering the possibility of getting involved in the rescue of the entertainment company that's been greatly weakened by the COVID-19 global pandemic.
May 13, 2020 1:10 PM
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Hillary Clinton pays tribute to late CEO of Simon & Schuster
NEW YORK — Hillary Clinton is mourning the death of Simon & Schuster CEO Carolyn Reidy, whose publishing house has been working with Clinton since she was first lady in the 1990s.
May 13, 2020 12:36 PM
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