Skip to content

National Business

Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

Home sales in the Vancouver region were strong for the first half of March, but started to taper as the COVID-19 outbreak intensified, the Real Estate Board of Greater Vancouver said Thursday.
New online store offers help to shuttered indie booksellers

New online store offers help to shuttered indie booksellers

Andy Hunter, founder of a new online sales outlet for independent booksellers, had seen a crisis building well before the coronavirus pandemic shut down many of the country's stores.
A record 10 million sought US jobless aid in past 2 weeks

A record 10 million sought US jobless aid in past 2 weeks

WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak.
SXSW partners with Amazon to put its film festival online

SXSW partners with Amazon to put its film festival online

NEW YORK — The popcorn will be bring your own and the barbecue won't be as good, but the Austin, Texas, SXSW Film Festival is moving online after having its 27th edition cancelled by the coronavirus pandemic.
Stock market crash may force some investors to postpone retirements, say experts

Stock market crash may force some investors to postpone retirements, say experts

TORONTO — The biggest market downturn in more than a decade has rattled nerves and may ultimately force some investors to postpone their approaching retirements, say experts.
Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

TORONTO — When Robert Prichard welcomed shareholders to Bank of Montreal’s annual general meeting on Tuesday, it was the first time the company's board chairman had done so without standing before shareholders in person.
CN Rail notches record grain movement for March as it clears blockade backlog

CN Rail notches record grain movement for March as it clears blockade backlog

MONTREAL — Canadian National Railway Co. hit an all-time record for March grain movement. Chief operating officer Rob Reilly says the 2.62 million tonnes of grain is a 6.1 per cent increase from 2017, the previous record for March.
Statistics Canada reports trade deficit narrowed in February to $983 million

Statistics Canada reports trade deficit narrowed in February to $983 million

OTTAWA — Canada's merchandise trade deficit narrowed to $983 million in February compared with $1.7 billion in January, as the economic impact of COVID-19 showed some of its first signs with a drop in trade with China.
Canadian miners suspend work in Mexico as non-essential businesses stop

Canadian miners suspend work in Mexico as non-essential businesses stop

TORONTO — Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19. Agnico Eagle Mines Ltd.

Why empty shelves doesn't mean we're out of food: How Canada's supply chain works

Shoppers are facing empty shelves at some stores due to unprecedented demand for food and other goods even as grocers assure Canadians coping with the COVID-19 outbreak that plenty of new items are on the way and manufacturers say they have the raw m