Outlook not improving for beleaguered US movie theatres

Outlook not improving for beleaguered US movie theatres
About three quarters of the country’s movie theatres are open, but Americans are not going back in significant numbers in the COVID-era, even with new films coming into the marketplace weekly. The biggest movies continue to limp along. According to studio estimates Sunday, Warner Bros.’ “Tenet” earned $4.7 million in its third weekend from nearly 2,930 locations, Disney’s “The New... Read More

Electric vehicle sales slump as supply challenges leave dealerships with shortages

Electric vehicle sales slump as supply challenges leave dealerships with shortages
TORONTO — The COVID-19 pandemic has pummelled Canada’s automobile industry but it’s the lack of supply that’s helping to short-circuit electric vehicle adoption across the country. Electric vehicle sales plunged along with gasoline-fuelled models in the second quarter of the year, when dealerships joined widespread lockdowns to prevent the virus’s spread. As the economy reopens, consumers are starting to return... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
Five things to watch for in the Canadian business world in the coming week: CMHC report Canada Mortgage and Housing Corp. will release its third-quarter housing market assessment report on Monday. The housing market in Canada has been hot in recent months after freezing up in the spring during the pandemic. The report evaluates the extent to which there are... Read More

New tools, ideas needed to speed up housing strategy funding, CMHC president says

New tools, ideas needed to speed up housing strategy funding, CMHC president says
OTTAWA — The national housing strategy will need new tools to move more quickly from ideas to finished projects during the COVID-19 pandemic, says the head of the federal housing agency. The Canada Housing and Mortgage Corp. is a key overseer of the decade-long national housing strategy, which includes tens of billions in federal and provincial funding and financing. It... Read More