April 18th, 2021

Business

Fashion industry evolves, as virus forces a rethink

By Thomas Adamson And Francois Mori, The Associated Press on April 18th, 2021

PARIS – The pandemic has torn a multibillion-dollar bite out of the fabric of Europe’s fashion industry, stopped runway shows and forced brands to show their designs digitally instead. Now, amid hopes of a return to near-normality by the year’s end, the industry is asking what fashion will look like as it dusts itself off ... Read More »

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Montreal dockworkers begin weekend strikes as talks drag on

By The Canadian Press on April 17th, 2021

MONTREAL – Dockworkers at the Port of Montreal kicked off a series of weekend strikes today, adding to the overtime strike launched earlier this week as negotiations over a collective agreement drag on. The labour actions mark the end of a seven-month truce that began in August as workers and employers bargain over wages and ... Read More »

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CRTC sides with Videotron in dispute with Bell over access to poles, other structures

By The Canadian Press on April 16th, 2021

OTTAWA – The CRTC ruled Friday that Bell Canada has violated sections of the Telecommunications Act by failing to provide timely access to towers, poles and other support structures required by Quebecor’s Videotron Ltd. The two Montreal-based companies are fierce competitors in Quebec, where they both offer home internet, wireless communications, and other services. The ... Read More »

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S&P/TSX composite rises to another record close, loonie and metals prices strengthen

By The Canadian Press on April 16th, 2021

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 ... Read More »

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S&P/TSX composite rises to another record close, loonie strengthens

By The Canadian Press on April 16th, 2021

TORONTO – Canada’s main stock index closed at another record high, helped by gains in the telecommunications and base metals sectors. The S&P/TSX composite index was up 29.40 points at 19,351.32, a gain of 123.29 for the week. In New York, the Dow Jones industrial average was up 164.68 points at a record 34,200.67. The ... Read More »

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No bubble tea this spring? Canada faces boba shortage amid shipping delays

By The Canadian Press on April 16th, 2021

Canada is experiencing a shortage of the tapioca pearls or boba used in bubble tea as shipping delays continue to affect the global supply chain. A Vancouver-based supplier of bubble tea products says boba supply is currently “running thin” and is causing concern among bubble tea cafés as demand grows with warmer weather. Bubble Tea ... Read More »

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‘I wish I could get the vaccine tomorrow’: Grocery workers struggle with anxiety

By Tara Deschamps and Brett Bundale, The Canadian Press on April 16th, 2021

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 ... Read More »

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Small businesses move to lock in rental deals amid low vacancy rates

By Salmaan Farooqui, The Canadian Press on April 16th, 2021

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 ... Read More »

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Expectations high as Trudeau Liberals get ready to unveil first pandemic budget

By The Canadian Press on April 16th, 2021

OTTAWA – The Liberals will look to thread an economic needle with Monday’s budget, while dealing with a minority Parliament where the document’s defeat would topple the government. It has been more than two years – and two throne speeches – since the Liberals delivered a federal budget, having not done so last year due ... Read More »

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Analysts say new CRTC limits on Big Three help regional carriers with growth plans

By David Paddon, The Canadian Press on April 16th, 2021

TORONTO – Canada’s regional wireless and internet carriers will benefit the most from this week’s landmark regulatory ruling by the CRTC, telecommunications analysts and consumer advocates say. Financial analysts at RBC Capital Markets and Canaccord Genuity Capital Markets say Quebecor’s Videotron and Cogeco Communications will likely have more room to grow, given the CRTC’s new ... Read More »

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