By Alexandre Laurin and Nick Pantaleo In 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 fo… […]

Postmedia Network Canada Corp. has received a temporary waiver of payments related to its first-lien debt. The cash interest on the 8.25 per cent first-lien notes, which mature in July 2023, was to be paid April 30. Instead, Postmedia will issue additional f… […]

With each passing week, Canadian portfolio managers are growing more and more optimistic that the worst may be behind them. Two weeks ago, a massive rally that followed the passing of a US$2 trillion stimulus package was met with caution. That upward movemen… […]

Ontario’s Ministry of the Attorney General has drafted a proposal seeking an emergency order to allow cannabis retailers in the province to offer delivery services or curbside pickup services to customers, just days after the province declared all recreationa… […]

CALGARY — Alberta Premier Jason Kenney has a grim prediction for workers in his province. He says there may well be 25 per cent unemployment as a result of the COVID-19 pandemic. He has told an energy industry conference that the total could be even higher.… […]

Regulators in Europe, the United Kingdom and Mexico may be forcing financial institutions to cut or suspend their dividends, but the same is unlikely to occur in Canada, according to analysts. Keeping dividends intact is a matter of reputation for Canada’s B… […]

As oil prices dropped again on Monday, a new analysis pointed out Canada’s oilpatch faces the greatest risk of shut-ins if low prices persist. The drop to Western Canadian Select crude on Monday, by more than 25 per cent to under US$9 per barrel, came amid f… […]

Millions of workers have abruptly become unemployed or had their hours dramatically reduced through no fault of their own since the coronavirus crisis shut down non-essential services across the country, Many of these workers are self-employed or part of the… […]

Canadian debit-payments firm Interac Corp. is experiencing a surge in digital and contactless transactions as consumers make purchases from home and try to keep their hands clean during the coronavirus pandemic. There were 51.9 million e-transfers sent throu… […]

Carnival Corp. shares jumped after Saudi Arabia’s Public Investment Fund said it acquired an 8.2 per cent stake in the world’s biggest cruise operator. Carnival surged as much as 18 per cent to $10.04 Monday in New York after the fund said in a filing that i… […]