Toronto realtors urge governments to expand housing supply in relief plan

Toronto realtors urge governments to expand housing supply in relief plan
TORONTO — As home prices rise, a group of Toronto realtors say governments should focus economic recovery plans on housing supply — and be careful of stoking too much demand. The Toronto Regional Real Estate Board says many people are going forward with their plans to buy homes, even amid the COVID-19 pandemic and recovery. As the economy swings up,... Read More

Sources say Canada, U.S. likely to extend mutual travel ban into late August

Sources say Canada, U.S. likely to extend mutual travel ban into late August
WASHINGTON — Sources say Canada and the United States are likely to agree to extend their mutual ban on non-essential travel between the two countries for another 30 days. The Canada-U.S. border has been closed to so-called “discretionary” travel like vacations and shopping trips since the COVID-19 pandemic took hold of the continent in mid-March, an agreement that’s set to... Read More

P.E.I. ranked No. 1 province in analysis of Canadian job postings per capita

P.E.I. ranked No. 1 province in analysis of Canadian job postings per capita
TORONTO — Prince Edward Island is Canada’s smallest province but has the country’s highest number of job postings per capita, according to an analysis from Top Data. The analytics firm says data collected from job website Indeed.com found that P.E.I. had 1,161 job postings per 10,000 people as of July 13. That was well ahead of the provincial per capita rates... Read More

New Gold Q2 production drops on pandemic impact, lower ore grades

New Gold Q2 production drops on pandemic impact, lower ore grades
TORONTO — New Gold Inc. is reporting lower production from its Rainy River and New Afton gold mines in Canada during the second quarter, in part due to COVID-19 disruptions. Gold production at Rainy River dropped to 48,800 ounces in the three months ended June 30 from 50,400 ounces in the first quarter after the mine was closed for 12 days so its... Read More

Human clinical trials begin for Quebec-made COVID-19 vaccine candidate

Human clinical trials begin for Quebec-made COVID-19 vaccine candidate
Canadian trials have just begun for a prospective COVID-19 vaccine but its Quebec-based manufacturer is already downplaying its potential impact. Dr. Bruce Clark, president and CEO of the biopharmaceutical company Medicago, cautions observers against holding unrealistic expectations that his product — or any of the numerous vaccines in development globally — will bring the pandemic to a screeching halt. “Whatever vaccine... Read More

WestJet increasing service for August, but still remains fall below a year ago

WestJet increasing service for August, but still remains fall below a year ago
CALGARY — WestJet plans to restart non-stop flights from Calgary to London and Paris next month as it slowly increases the number of flights it offers this summer. The airline says it will resume the flights to London and Paris starting Aug. 20. The airline industry has been devastated by the COVID-19 due to travel restrictions put in place to... Read More

Oilpatch optimism expected to rise as difficult second-quarter finally ends

Oilpatch optimism expected to rise as difficult second-quarter finally ends
CALGARY — Analysts say a rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week. But they caution that there are still too many risks and uncertainties in the market to expect any new project spending as the second-quarter reporting season begins with results from Calgary-based Suncor Energy Inc.... Read More