A number of Canadian insurers are reducing or rebating auto insurance premiums to compensate customers who are driving less because they are working at home or are self-isolating as a result of the coronavirus pandemic.Aviva Canada said Wednesday it is offering $100 million in relief measures for drivers, including options to immediately reduce insurance premiums.…
Man is by nature, a social animal, proclaimed Aristotle. The desire to interact with other humans was the driving force behind the establishment of large and small communities. Before cities, human settlements were small and spread out. Modern cities pack people into clusters, facilitating planned and chance encounters.The coronavirus pandemic, at least temporarily, has changed…
CALGARY – While lacklustre Canadian federal energy policy in recent years has contributed to declining levels of investment and job losses in Alberta, the coming recession from the coronavirus will force a reckoning and encourage a new approach, according to the founder of private equity giant ARC Financial Corp.“It’s going to force more realism, more…
John Tory, the frustrated mayor of Toronto, said he will be “turning up the heat” as he signed a new by-law requiring people to stay two metres apart from one another in city parks and public squares.Breaking the law will have people facing a fine of up to $5,000.But what about workplaces not providing proper…
Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers. The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse.As a solution, political…
The chief executive of Canada’s biggest bank says the economic crisis caused by the coronavirus pandemic is worse than the global financial crisis a decade ago, and that the country’s priority should be to protect jobs and avoid corporate bankruptcies in order to enable a faster recovery.“This is much more severe than the financial crisis…
Maple Leaf Foods Inc. is suspending operations in its poultry plant in Brampton, Ont., after three COVID-19 cases that occurred in people working at the facility.The company says it’s deep cleaning the plant as it completes an investigation into the cases.“Our goal is to complete the investigation and the deep cleaning as quickly as reasonably…
Air Canada plans to use the federal government’s emergency wage subsidy to help its 36,000 Canadian-based employees, making the airline one of the largest employers to pursue Ottawa’s relief plan after its revenue crashed due to COVID-19 travel restrictions.Canada’s largest airline announced Wednesday that it intends to adopt the 75 per cent wage subsidy program…
It took less than two hours for the first user reviews to arrive after the federal government’s Canada Emergency Response Benefit (CERB) online portal opened Monday morning.“Successfully applied for the #CERB at 6.01am … Fully expected it to crash. It didn’t. Easy as pie,” tweeted one applicant at 7:26 a.m. who goes by the moniker…
By Alexandre Laurin and Nick PantaleoIn recent weeks, Ottawa has announced several financial assistance measures for those most affected by the COVID-19 crisis. They include increased flexibility for employment insurance benefits, generous wage subsidies for businesses, and an emergency response benefit of $500 per week for affected workers and caregivers. But these programs pose implementation…
