Order restricting entry to Canada extended to July 31 as COVID-19 worries remain

Order restricting entry to Canada extended to July 31 as COVID-19 worries remain
OTTAWA — The federal government says it has extended tight rules barring most foreign travellers from entering Canada until the end of July as part of efforts to slow the spread of COVID-19. The restrictions covering people seeking to enter Canada from countries other than the United States were set to expire at midnight Tuesday, the end of June. The... Read More

US consumer confidence rises to 98.1 in June

US consumer confidence rises to 98.1 in June
WASHINGTON — U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future gains. The Conference Board, a New York-based research organization, said that its consumer confidence index rose to 98.1 in June after virtually no change at 85.9 in May. Even with the... Read More

Air Canada racks up more refund complaints than any foreign airline in U.S.

Air Canada racks up more refund complaints than any foreign airline in U.S.
Air Canada has more customer complaints about refunds to the U.S. Department of Transportation than any foreign airline. The department says Air Canada racked up 969 refund complaints out of about 7,500 in April, outpacing more than 80 non-U.S. carriers in the category. The Montreal-based airline has the third-most refund complaints of any carrier, after United Airlines and American Airlines. Air Canada and... Read More

WestJet to end physical distancing policy as domestic air travel picks up

WestJet to end physical distancing policy as domestic air travel picks up
WestJet Airlines Ltd. says it will end its seat distancing policy on board its aircraft starting July 1. The carrier has blocked the purchase of middle seats and adjacent seats for the past few months to prevent the spread of COVID-19. With domestic air travel starting to nudge higher, WestJet says it will revert to health recommendations from the International Air Transport... Read More

Collision wraps first year online, offering peek into future of tech festivals

Collision wraps first year online, offering peek into future of tech festivals
TORONTO — When Paddy Cosgrave welcomed the world to his annual Collision tech conference on Tuesday, it was far from the event he envisioned when he started planning it last year. Gone was the bustling Enercare Centre floor in Toronto, where start-ups, investors and company head honchos rubbed shoulders last year. The handful of massive stages where celebrities and executives held court... Read More

Bayer to pay up to $10.9 billion to settle Monsanto case

Bayer to pay up to $10.9 billion to settle Monsanto case
BERLIN — German pharmaceutical company Bayer says it’s paying up to $10.9 billion to settle a lawsuit over subsidiary Monsanto’s weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer. In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water. The Leverkusen-based company said the... Read More

IMF downgrades outlook for global economy in face of virus

IMF downgrades outlook for global economy in face of virus
WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in... Read More

Indigo loses $171 million in Q4 after taking large impairment, tax charges

Indigo loses $171 million in Q4 after taking large impairment, tax charges
TORONTO — Indigo Books & Music Inc. is reporting a surge in losses caused by non-cash charges in its fiscal year ended March 28. The Toronto-based book, gift and specialty toy retailer says it lost $171.3 million or $6.22 per diluted share in the fourth quarter, compared with a loss of $23.8 million or 86 cents per share a year earlier. Indigo... Read More

Pandemic-era tech changes should become permanent, says Toronto mayor

Pandemic-era tech changes should become permanent, says Toronto mayor
TORONTO — The COVID-19 pandemic has put a dent in Toronto’s economy but it has also taught valuable lessons that should lead to permanent technological change, Mayor John Tory said Tuesday. “I think what we’re discovering is that a lot of the stuff we did during an emergency circumstance should be made permanent,” Tory said at the opening of the Collision at... Read More

CMHC expects lower demand for housing as economy takes COVID-19 hit

CMHC expects lower demand for housing as economy takes COVID-19 hit
OTTAWA — Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction. The federal housing agency says a combination of factors related to the pandemic, such as higher unemployment and lower income, will slow housing starts and push sales and home prices below pre-COVID levels. CMHC says the market likely won’t see a return to... Read More