Home / Tag Archives: Canada

Tag Archives: Canada

Aviva Canada develops first insurance policy for ride-sharing services like Uber

uber1.jpg

TORONTO • Aviva Canada Inc. has become the first auto insurer in Canada to develop a policy specifically for ride-sharing services, filling a gap in the market that has left many Uber drivers without proper coverage. The Toronto-based company announced Wednesday that it will begin providing auto insurance to drivers …

Read More »

Air Canada asks Supreme Court to reject maintenance ruling in Quebec lawsuit fight

0105aircanada.jpg

MONTREAL — Air Canada has asked the Supreme Court to intervene to overturn a court ruling that requires the carrier to keep maintenance operations in the country. The Montreal-based airline said Tuesday it is seeking leave to appeal a Quebec Court of Appeal decision in November. That ruling upheld a …

Read More »

Canada’s incumbent airlines have little to fear from new startup NewLeaf Travel

0107westjet.jpg

Canada’s incumbent airlines have little to fear from a new, ultra-cheap competitor that will begin flying next month, according to an analysis by National Bank. NewLeaf Travel Company Inc. on Wednesday opened its website for bookings, with its first flight planned for February 12. To keep prices low, the airline’s …

Read More »

Canada’s Finance Minister admits economy in worse shape than Ottawa thought

morneau.jpg

HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

Read More »

Sugar high: Why Canada’s marijuana growers are in a race to make their pot taste delicious

chocolate2.jpg

SMITHS FALLS, ONT.  —  For more than four decades, Smiths Falls was known as the “Chocolate Capital of Ontario” because of its iconic Hershey factory. But Hershey bolted in 2009, and a few years later, the plant was sold to a very different sort of company: Tweed Marjuana Inc. In …

Read More »

Corporate Canada turns sour as hiring intentions, investment drop to lowest levels since 2009 on oil shock

0111rain.jpg

OTTAWA — The hiring and investment intentions of Canadian companies have dropped to their lowest levels since 2009 as the fallout from sliding commodity prices seeps beyond resource-rich regions, a new survey has found. Companies are anticipating a darker road in 2016 with many facing “significant challenges” tied to the …

Read More »

‘Currency instability’ now a serious concern for Canada

loonie1.jpg

TORONTO • Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn. What living with a low dollar means to ordinary Canadians Jack Mintz: Canadians now need to make $100,000 a year to make the …

Read More »

With economy at risk, Bank of Canada’s Stephen Poloz remains on dovish path

0114poloz.jpg

OTTAWA — A year ago this month, financial markets were shaken, and economists caught flat footed, by a shock cut in the Bank of Canada’s key interest rate — the first adjustment in any direction in more than four years. Calls growing for a Bank of Canada interest rate cut …

Read More »

The trouble with Statistics Canada’s solar and wind energy data

solar.jpg

TORONTO • Is Ontario generating less electricity from solar panels and wind turbines than it did years ago, despite billions in subsidies to the renewable energy sector? Statistics Canada data suggest so. But the province maintains it gets a growing share of its power from the wind and the sun, …

Read More »

Canada needs to do more to tout advantages of low dollar, U.S. economist argues

0114dollar.jpg

Add Joe Carson, the director of global economic research at New York-based money manager Alliance Bernstein to the list of those who expect a dismal economic performance in Canada in 2016. Specifically Carson, who was in Toronto Thursday for a presentation and who expects that neither Donald Trump nor Hillary …

Read More »