Air Canada scrubs all flights to China until April 10 due to coronavirus

Air Canada scrubs all flights to China until April 10 due to coronavirus
MONTREAL — Air Canada is extending its cancellation of all flights between Canada and China to April 10 due to the novel coronavirus epidemic, following the lead of its U.S. counterparts. The announcement comes nearly a month after the airline first halted direct flights to Beijing and Shanghai from Toronto, Montreal and Vancouver. It extends the suspension by nearly six... Read More

Labour Board rules Foodora couriers are dependent contractors, eligible for union

Labour Board rules Foodora couriers are dependent contractors, eligible for union
TORONTO — The Ontario Labour Relations Board has ruled that Foodora couriers are dependent contractors of the food-delivery company, clearing a hurdle towards potential unionization and setting a major precedent for other workers in the gig economy. Foodora couriers held a vote last August on whether to join the Canadian Union of Postal Workers, but the results were sealed pending... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,177.37, down 385.37 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 44 cents, or 1.84 per cent, to $23.46 on 14.2 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.83 per cent, to $1.20 on 12.1 million shares. Enbridge Inc. (TSX:ENB). Energy. Down $1.18, or 2.18 per... Read More

Analysts agree Canadian energy projects more difficult to get to completion

Analysts agree Canadian energy projects more difficult to get to completion
CALGARY — The perception that Canada is a more difficult place to build major energy projects is accurate, according to U.S. analysts, although opposition to such projects is growing in both countries. Speaking in the wake of a decision by Teck Resources Ltd. to cancel its $20.6-billion Frontier oilsands mine, they say geography is part of the problem as pipeline projects... Read More

N.S. Liberal budget opens spending taps as province faces slowing economy

N.S. Liberal budget opens spending taps as province faces slowing economy
HALIFAX — With economic growth projected to flatten in 2020, Nova Scotia’s Liberal government is opening the spending taps to fund roads and hospitals in its fifth consecutive balanced budget. The 2020-21 budget released Tuesday features $11.5 billion in spending with a modest surplus of $55 million and a record-setting capital plan of just over $1 billion for school building, highway twinning and hospital... Read More

Feds warned agricultural sector near ‘tipping point’ due to blockades

Feds warned agricultural sector near ‘tipping point’ due to blockades
OTTAWA — The federal government is being warned that Canada’s agricultural industry is near the “tipping point” as blockades erected to protest a pipeline project in B.C. continue to wreak havoc with the country’s rail system. Mary Robinson of the Canadian Federation of Agriculture says farmers and producers are paying a heavy price despite have nothing to do with the dispute... Read More

Ontario Teachers’ Pension Plan signs US$300M investment deal with New Gold

Ontario Teachers’ Pension Plan signs US$300M investment deal with New Gold
TORONTO — Ontario Teachers’ Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine. Ontario Teachers’ has an option to convert the interest into a 46 per cent joint venture interest after four years or have their... Read More

Iran says official who played down virus fears is infected

Iran says official who played down virus fears is infected
DUBAI, United Arab Emirates — The head of an Iranian government task force on the coronavirus who had urged the public not to overreact about its spread has tested positive for the illness himself, authorities said Tuesday, as new cases emanating from the country rapidly emerged across the Middle East. Only a day earlier, a coughing and heavily sweating Iraj... Read More

Bank of Canada to create its own digital currency as ‘contingency,’ deputy says

Bank of Canada to create its own digital currency as ‘contingency,’ deputy says
One of the country’s top central bankers says the Bank of Canada is going to start the work to build its own digital currency as a backstop should the day arise where cryptocurrency dethrone cash as king. In a speech today in Montreal, deputy governor Timothy Lane says there isn’t a compelling case to issue a central bank-backed digital currency... Read More

39 states investigating Juul’s marketing of vaping products

39 states investigating Juul’s marketing of vaping products
HARTFORD, Conn. — Investigators from 39 states will look into the marketing and sales of vaping products by Juul Labs, including whether the company targeted youths and made misleading claims about nicotine content in its devices, officials announced Tuesday. Attorneys general from Connecticut, Florida, Nevada, Oregon and Texas said they will be leading the multi-state investigation into San Francisco-based Juul,... Read More