Business
‘We’re going to be packed’: World Cup brings traffic boost to restaurants and bars
By Rosa Saba, The Canadian Press on November 25th, 2022
TORONTO – The FIFA World Cup is bringing a welcome surge in traffic to restaurants and bars. Rocco Mastrangelo Jr., a co-owner of Cafe Diplomatico in the heart of Toronto’s Little Italy neighbourhood, said the restaurant kicked into high gear for the World Cup despite the cold, setting up tents in the road next to ... Read More »
Be the first to comment!Holiday shopping ramps up as Black Friday draws deal-seekers to stores
By The Canadian Press on November 25th, 2022
TORONTO – It’s the day deal hunters and retail workers have been waiting for with equal parts excitement and dread: Black Friday. Holidays sales have been rolling out for weeks online and in stores, taking some steam out of the official shopping event. But experts say they expect blockbuster one-day deals will draw consumers to ... Read More »
Be the first to comment!Jordan Bitove takes full ownership of Torstar after rift
By The Canadian Press on November 24th, 2022
Toronto Star publisher Jordan Bitove has taken sole control of the newspaper’s parent company effective Thursday as part of an arbitration deal with co-owner Paul Rivett, according to Torstar Corp., bringing to a close a tense dispute between the former partners. Bitove said in a press release Thursday evening that the two went into their ... Read More »
Be the first to comment!Ottawa, air sector discuss industry concerns ahead of winter travel season
By Caitlin Yardley, The Canadian Press on November 24th, 2022
MONTREAL – Delays at security check-in and other problems at Canada’s airports were among the concerns raised Thursday as the air travel industry came together ahead of the busy winter travel season, but the sector warns more remains to be done. Minister of Transport Omar Alghabra convened the summit for the industry to discuss such ... Read More »
Be the first to comment!S&P/TSX composite posts small gain Thursday as U.S. markets close for Thanksgiving
By The Canadian Press on November 24th, 2022
TORONTO – Canada’s main stock index made small but broad-based gains Thursday on a slow day for the markets amid a holiday south of the border. The S&P/TSX composite index was up 61.81 points at 20,344.07. The gain came with U.S. stock markets closed for the Thanksgiving holiday, and trading volumes in Canada were relatively ... Read More »
Be the first to comment!An economic threat is a national threat, Freeland tells inquiry into Emergencies Act
By Stephanie Taylor and Lee Berthiaume, The Canadian Press on November 24th, 2022
OTTAWA – Finance Minister Chrystia Freeland drew a direct link between Canada’s economic and national security on Thursday as she defended the Liberal government’s decision to declare a public order emergency to end the “Freedom Convoy” protests. The assertion came during her testimony to the Public Order Emergency Commission, where the government has faced questions ... Read More »
1 responseGovernment and air sector meet to discuss summer mistakes ahead of winter travel
By The Canadian Press on November 24th, 2022
OTTAWA – Canada’s Transport Minister Omar Alghabra met with members of the air transport sector to discuss measures to modernize and digitize the industry and to learn from the mistakes that led to major travel disruptions this summer. Alghabra, alongside minister Randy Boissonnault and parliamentary secretary Annie Koutrakis, led a national summit on the recovery ... Read More »
1 responseJordan Bitove will take full ownership of Torstar, reports say
By The Canadian Press on November 24th, 2022
Toronto Star publisher Jordan Bitove will take sole control of the newspaper’s parent company as part of an arbitration deal with co-owner Paul Rivett, according to media reports citing unnamed sources, bringing to a close a tense dispute between the former partners. Torstar Corp. also owns the Metroland newspaper group and local newspapers including the ... Read More »
1 responseHead of bankers group says more consumer protection needed in emerging payments space
By The Canadian Press on November 24th, 2022
TORONTO – The head of the Canadian Bankers Association says more consumer protection is needed as new entrants in the fast-growing payments space get ahead of regulation. Speaking at a Canadian Club Toronto event, association president Anthony Ostler says there are now more than 2,000 non-bank payment services providers with more expected amid initiatives like ... Read More »
1 responseManulife cutting about 50 jobs as part of changes at its real estate operations
By The Canadian Press on November 24th, 2022
TORONTO – Manulife Financial Corp. is eliminating about 50 jobs as it makes changes to its real estate operations. The company says it is changing its real estate operating model in Canada and its regional coverage strategy in North America. In Canada, the company is moving away from property operations to refocus its business as ... Read More »
1 responseCanadian Press NewsAlert: Bitove will take ownership of Torstar, reports say
By The Canadian Press on November 24th, 2022
Toronto Star publisher Jordan Bitove will take sole control of the newspaper’s parent company as part of an arbitration deal with co-owner Paul Rivett, according to media reports. More coming... Read More »
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