Limo companies struggling during pandemic say Edmonton fees crippling industry – Edmonton

Edmonton limousine companies say COVID-19 has devastated their industry but the City of Edmonton is making their problems worse. Read more: Low sales, fewer customers creating dire situation for Alberta small businesses: CFIB “It’s disappointing. It’s deflating,” said Suzan Burtic, who owns Legends Limousine with her husband Liveu.“I’m angry. How can they be so callous?” Limo...

New race-based data shows visible minorities in Canada disproportionately impacted by COVID recession

Article content continuedBut it will take months before we have a true picture of the real cost of the pandemic on different racialized groups, Macdonald believes, because there is still insufficient jobs-focused data by race.“It is not new that visible minorities face higher unemployment rates and lower income, because we can already see that in the census data,” he said. “What’s new is...

Canada’s COVID-19 response still ignores the innovative companies that could power a recovery

Article content continuedThere's a race. There’s a new currency, so to speak. It’s technologySuzanne Grant, Canadian Advanced Technology AllianceRestaurants and retailers come and go even in good times. Tech companies were driving employment growth before the crisis, and they will determine the speed of the recovery as the economy continues to go digital and governments and corporations...

How Stephen Poloz proved the naysayers wrong

Stephen Poloz first dreamed of becoming Bank of Canada governor in 1974, when he got hooked on economics as an undergrad at Queen’s University in Kingston, Ont. Thirty-nine years later, it happened. How many of us can match that? Not many.But it would have required a dark soul to design the pre-mortem to prepare Poloz for an ending to his dream-come-true story that included the deaths of more...

Coronavirus: WestJet to rehire nearly 6,400 workers through federal wage subsidy

WestJet plans to put nearly 6,400 employees who were laid off due to the novel coronavirus pandemic back on the payroll, the airline’s president and CEO announced Wednesday.In a video message posted to social media, Ed Sims credited the federal government’s emergency wage subsidy program, which he said WestJet will apply for after the airline had “substantial” conversations with Ottawa....

Best way to bail out airlines hit by the coronavirus impact on their business is still up in the air

Policymakers around the world are grappling with the question of how to save their airline industries as travel grinds to a halt in the face of the novel coronavirus pandemic.While there is consensus that some kind of assistance will be required in Canada, where Air Canada has already announced a temporary layoff of workers and both it and WestJet have grounded international routes, the form...

Walmart to Hire 150K Workers, Offer $550 Million in Bonuses

Walmart will hire 150,000 workers to meet rising demand during the Chinese coronavirus pandemic, the company said Thursday. “As part of responding to the current environment, Walmart is also hiring 150,000 new associates through the end of May to work in stores, clubs, distribution centers and fulfillment centers,” the press release read. At first, the positions will be temporary but many...

How the coronavirus could wreak havoc on the global supply chain

Decades of globalization have created supply chains so deeply interconnected that a shock event like the coronavirus is now harder to control and could have a dramatic ripple effect on global commerce, economists are warning.“We tend to think about the economy as countries selling to countries. But the reality of business today is that companies get their parts from other companies, and sell...

U.S.-China pact signals global trade progress, but Poloz says it’s uncertain if Canada will benefit

Bank of Canada Governor Stephen Poloz said it’s too early to tell whether recent improvements on the global trade front will lead to stronger trade and investment.In opening remarks he gave in Vancouver ahead of a “fireside chat” interview, Poloz said it “remains to be seen” how Canadian business will respond to the preliminary U.S.-China trade pact. The implications for Canada are...

Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One.Poloz was plucked from relative obscurity as head of Export Development Canada and, despite being on the shortlist of...