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Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce
MONTREAL — Transat AT Inc. has temporarily laid off about 70 per cent of its workforce in Canada, about 3,600 people, as it looks to stop flying on April 1.
Mar 23, 2020 9:56 AM
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IIROC fines TD Waterhouse Canada $4 million plus costs for disclosure omission
TORONTO — The Investment Industry Regulatory Organization of Canada has fined TD Waterhouse Canada Inc. $4 million for failing to include position cost information in quarterly retail client account statements for certain securities positions.
Mar 23, 2020 9:53 AM
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Ensign Energy Services cuts capital spending plan, executive salaries
CALGARY — Ensign Energy Services Inc. is cutting its capital budget and says its top executives will take a pay cut as it moves to deal with the crash in the oilpatch due to COVID-19 and the oil price war between Russia and Saudi Arabia.
Mar 23, 2020 8:54 AM
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Bus maker NFI Group to idle a majority of its facilities, laying off some staff
WINNIPEG — NFI Group Inc. says about 6,500 employees will be affected by idling a majority of its facilities for a two-week period starting March 30, if not sooner, as it works to deal with the impact of the COVID-19 pandemic.
Mar 23, 2020 7:50 AM
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Restaurant royalty income funds suspend distributions, stop dine-in operations
BURLINGTON, Ont. — A pair of royalty income funds are suspending distributions as restaurants across the country close to slow the spread of COVID-19.
Mar 23, 2020 7:45 AM
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Statistics Canada says wholesale sales rose 1.8 per cent in January
OTTAWA — Statistics Canada reports wholesale sales rose 1.8 per cent to $65.2 billion in January, boosted by the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors. Economists had expected a decline of 0.
Mar 23, 2020 7:01 AM
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SIR Royalty Income Fund suspends distributions, stops dine-in operations
BURLINGTON, Ont. — SIR Royalty Income Fund, which has a portfolio of 60 restaurants in Canada, is suspending its distributions as it stops dine-in restaurant operations at all of its locations.
Mar 23, 2020 6:31 AM
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NY airports, hospitals feel pressure as virus alarms grow
New York Gov. Andrew Cuomo said the state is scouring the globe for medical supplies and scouting temporary hospital locations as the coronavirus crisis grows.
Mar 21, 2020 10:14 PM
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Grocers offer $2/hour raise to workers during COVID-19 pandemic
Metro and Loblaw are raising wages for grocery store and distribution centre workers by $2 per hour during the COVID-19 pandemic. Metro and the union that represents Loblaw workers say the wage boost is retroactive to March 8.
Mar 21, 2020 8:36 PM
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Business Council of Canada calls on Trudeau to do more about COVID-19 pandemic
A group representing Canadian business leaders is calling on Prime Minister Justin Trudeau to take more decisive action to stop the spread of COVID-19.
Mar 21, 2020 6:03 PM
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