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Category - Business

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WestJet halts Boeing 737 Max jet before takeoff after warning light in cockpit

23/01/2021
by MUKESH
2 min read
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WestJet temporarily grounded a Boeing 737 Max jet that was supposed to fly from Calgary to Toronto on Friday after a warning light came on in the cockpit prior to takeoff. Flight 658 was boarded and preparing to take off when a...

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  • Business

Florida cracks down on vaccine tourism, requires proof of residency to get vaccinated for COVID-19

23/01/2021
by MUKESH
4 min read
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Following news reports that out-of-state residents — including Canadians — are flocking to Florida to get the COVID-19 vaccine, the state is now requiring proof of residency for vaccine recipients.  “Today, State...

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  • Business

‘Almost non-existent’ cold, cough season costs 30 jobs at P.E.I. lozenge plant

22/01/2021
by MUKESH
2 min read
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Island Abbey Foods, makers of Honibe cough and cold lozenges, is eliminating 30 temporary staff at its Charlottetown production plant. The P.E.I. company is putting the blame on the “almost non-existent cold and cough...

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  • Business

Godiva closing 128 stores in North America, including all 11 in Canada

22/01/2021
by MUKESH
2 min read
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COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. The luxury chocolatier says 128 brick and mortar locations, including 11 in Canada, will shut by the end of...

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  • Business

Retail sales continue rebound, having risen 7 months in a row since COVID low in April

22/01/2021
by MUKESH
2 min read
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Retail sales have risen for seven months in a row and are now more than 5 per cent higher than they were before the COVID-19 pandemic began, Statistics Canada said Friday. The data agency released numbers for November on Friday...

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  • Business

COVID-19 could shutter more than 200,000 Canadian businesses forever, CFIB says

21/01/2021
by MUKESH
2 min read
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More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research. The...

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  • Business

Little fear of rate hikes despite expected economic surge: Bank of Canada

21/01/2021
by MUKESH
6 min read
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What a difference a day makes in the outlook for the Canadian economy. Earlier this week, some economists were predicting that the Bank of Canada’s Tiff Macklem would cut interest rates again when presenting...

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  • Business

With Keystone XL back on the shelf, oilpatch pressure mounts on Trudeau and Trans Mountain

21/01/2021
by MUKESH
6 min read
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The town of Oyen in southeastern Alberta has been enjoying a rare thing in the province these past few months: an economic boom.  The community has been bustling with pipeline workers who arrived by the hundreds last summer to...

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  • Business

At 0.7%, 2020 was the weakest year for inflation since 2009, StatsCan says

21/01/2021
by MUKESH
2 min read
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Canada’s inflation rate cooled to an annual rate of 0.7 per cent in December, down from an already low 1 per cent the month before. Statistics Canada reported Wednesday that the consumer price index came in at an annual...

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  • Business

TC Energy suspends work on Keystone XL as Biden plans to scrap permit today

20/01/2021
by MUKESH
3 min read
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TC Energy says it’s suspending work on the Keystone XL pipeline in anticipation of incoming U.S. president Joe Biden revoking its presidential permit Wednesday. Biden is expected to revoke the permit for Calgary-based TC...

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