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TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic

TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic

Toronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic.
Bank CEOs juggling careful spending with new consumer habits during COVID-19

Bank CEOs juggling careful spending with new consumer habits during COVID-19

TORONTO — The CEOs of Canada's big banks say the COVID-19 pandemic has pushed their companies to balance quickly adapting to new consumer habits with a careful approach to combating economic pressures.

Marriott to lay off 17% of corporate staff next month

Marriott International Inc. plans to lay off 17% of its corporate workforce next month as the coronavirus continues to take a heavy toll on the hotel industry.
Child care key to women's recovery from economic impacts of COVID-19: report

Child care key to women's recovery from economic impacts of COVID-19: report

TORONTO — Flexible work arrangements, affordable child-care offerings and training for new jobs are all key to helping women recover from a "she-cession," says the Ontario Chamber of Commerce.
CPP Investments creates new senior management position to reflect anticipated growth

CPP Investments creates new senior management position to reflect anticipated growth

TORONTO — The investment manager for Canada's national retirement fund has named Edwin Cass as its first-ever chief investment officer, a position that's being created to reflect the growing size of its fund.
Bank of Canada warns of uneven recovery despite better than expected bounce-back

Bank of Canada warns of uneven recovery despite better than expected bounce-back

OTTAWA — The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.

U.S. job posting rise to 6.6 million in July

WASHINGTON — U.S. employers advertised more jobs but hired fewer workers in July, sending mixed signals about the job market in the wake of the coronavirus outbreak. The Labor Department said Wednesday that the number of U.S.
CMHC reports annual pace of housing starts in Canada picked up in August

CMHC reports annual pace of housing starts in Canada picked up in August

Builders broke ground on more new homes in August amid a surge in construction on apartments, condos and other types of multiple-unit housing projects in urban centres.
Boeing finds new problem with 787 that will delay deliveries

Boeing finds new problem with 787 that will delay deliveries

Boeing has recorded its first orders of the year for the grounded 737 Max, but a new flaw has surfaced in another of its planes, compounding the company's struggle to recover during a pandemic that has undercut demand for new jetliners.
Lululemon Q2 profits slips but sales increase, driven by e-commerce surge

Lululemon Q2 profits slips but sales increase, driven by e-commerce surge

VANCOUVER — Lululemon Athletica Inc. beat expectations as second-quarter profits slipped despite a two-per-cent increase in sales driven by a surge in online revenues. The Vancouver-based athleisure retailer says it earned US$86.