The federal Liberal government says it will extend its employee wage subsidy to the summer of 2021, a decision that was welcomed by Canadian businesses groups. The move forms part of the government’s new campaign to try to return employment to pre-pandemic levels.Read more
The Liberal government’s Throne Speech Wednesday contained the strongest remarks yet about Ottawa’s plan to assist Canada’s cultural industries and traditional media players by extracting obligations, including taxes, from large global social media and entertainment companies.Read more
The pandemic will punish Prairie house prices the most in Canada, but even hotspots Toronto and Vancouver will see prices drop on the back of rising rental market vacancies and lower immigration rates, according to a new report.Read more
CALGARY – Canada recorded its largest ever drop in natural resources employment in the second quarter, as the COVID-19 pandemic caused commodity prices to plummet and close to 43,000 workers lost their jobs.
In a release Wednesday, Statistics Canada reported that employment in the natural resources sector fell 7.3 per cent, which is “the steepest decline ever recorded” as “low natural resource prices contributed to broad-based job losses.”Read more
AGF Investments VP and Portfolio Manager Mike Archibald speaks with Financial Post’s Larysa Harypyn about the retail landscape.
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Jim Pattison, Canada’s Warren Buffet, is eyeing more deals
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How a Canadian came up with the idea to shoot people out of cannons
The pandemic may squeeze revenues of small Canadian businesses for years in a so-called L-shaped recovery unless Ottawa clears federal aid logjams and boosts consumer confidence, an entrepreneur group says.
Restaurants and hotels could take more than eight years to resume pre-pandemic income while building management companies are on pace for a five-year recovery and lawyers and accountants may need two and a half years, according to the Canadian Federation of Independent Businesses.Read more