Business

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Majority of economists expect Bank of Canada to stay put on interest rates: survey

The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared

The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
Students walk to school at the Durham College campus and the University of Ontario Institute of Technology in Oshawa, Ont., on Tuesday, March 13, 2012. THE CANADIAN PRESS/Nathan Denette

Despite economic reopening, students still worry about lack of summer work

Concerns raised about the ability of young people to earn enough to help cover tuition in the fall

Students walk to school at the Durham College campus and the University of Ontario Institute of Technology in Oshawa, Ont., on Tuesday, March 13, 2012. THE CANADIAN PRESS/Nathan Denette
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
People wearing face masks to protect against the spread of coronavirus walk along a comercial street in downtown Madrid, Spain, Saturday, June 5, 2021. Coronavirus infections, hospitalizations and deaths are plummeting across much of Europe. Vaccination rates are accelerating, and with them, the promise of summer vacations. (AP Photo/Manu Fernandez)

To the beach! Spain opens borders to tourists, cruise ships

Spanish government hopes to welcome 14.5 million to 15.5 million visitors between July and September

People wearing face masks to protect against the spread of coronavirus walk along a comercial street in downtown Madrid, Spain, Saturday, June 5, 2021. Coronavirus infections, hospitalizations and deaths are plummeting across much of Europe. Vaccination rates are accelerating, and with them, the promise of summer vacations. (AP Photo/Manu Fernandez)
Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/Nathan Denette

Air Canada says senior executives to voluntarily return 2020 bonuses

Public disappointment cited for return of some of the packages handed executives

Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/Nathan Denette
Businesses continue to struggle under COVID-19 restrictions after two months of indoor dining and travel restrictions. (B.C. government)

Full-time jobs rebound, part-timers set back in B.C. COVID-19 recovery

‘Circuit breaker’ restrictions hit younger workers in April, May

Businesses continue to struggle under COVID-19 restrictions after two months of indoor dining and travel restrictions. (B.C. government)
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward

Airlines prepared for unruly passengers ahead of return to air travel

Air Canada said it has seen an uptick in disturbances on flights since the beginning of the pandemic

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward
B.C. Forests Minister Katrine Conroy describes overhaul of forest policy to redistribute Crown timber cutting rights, B.C. legislature, June 1, 2021. (B.C. government photo)

Redistributing B.C. forest licences a long-term project, Horgan says

$2.5 million payment to Interior first nation a ‘template’

B.C. Forests Minister Katrine Conroy describes overhaul of forest policy to redistribute Crown timber cutting rights, B.C. legislature, June 1, 2021. (B.C. government photo)
Each year, less than one per cent of the area designated for sustainable timber harvesting by B.C.’s independent chief forester is harvested. (B.C. government photo)

B.C. overhaul of logging policy continues to include old-growth harvest

Province seeks new ways to redistribute big logging tenures

Each year, less than one per cent of the area designated for sustainable timber harvesting by B.C.’s independent chief forester is harvested. (B.C. government photo)
A Statistics Canada building and sign is pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

RBC economist: Stronger economic growth for Canada expected in rest of 2021

Statistics Canada reports the economy grew by 5.6% in first quarter

A Statistics Canada building and sign is pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
Blueberry harvest in the Fraser Valley relies mainly on older Indo-Canadian workers provided through labour brokers. (Maple Ridge News)

B.C. ‘moving very cautiously’ on minimum wage for farm workers

Most workers support piece-rate pay for picking, survey says

Blueberry harvest in the Fraser Valley relies mainly on older Indo-Canadian workers provided through labour brokers. (Maple Ridge News)
File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)

Forecast: Rebounding global economy faces multiple threats

Lack of vaccines for poorer nations among the larger issues casting a shadow over recovery

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)
A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette

Economic boost coming in the back half of 2021, if vaccination stays effective: CIBC

CIBC earned $1.65 billion or $3.55 per diluted share in its second quarter

A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette

Statistics Canada report says pandemic job losses hit women harder than men

The analysis points to a high proportion of women working at small firms in service industries

People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette
Downtown areas across B.C. have emerged from a bleak winter, with business closures and restrictions as a result of the COVID-19 pandemic. (Angie Mindus/Williams Lake Tribune)

Return to offices up next in B.C.’s COVID-19 restart plan

Tourism businesses can start to take bookings again

Downtown areas across B.C. have emerged from a bleak winter, with business closures and restrictions as a result of the COVID-19 pandemic. (Angie Mindus/Williams Lake Tribune)
(Pixabay.com)

Loan 101: What’s a HELOC?

Unlike a conventional home equity loan, a HELOC doesn’t give borrowers the full amount upfront

(Pixabay.com)
A ground worker wearing a face mask to curb the spread of COVID-19 unloads lobsters from a WestJet Airlines flight at Vancouver International Airport. THE CANADIAN PRESS/Darryl Dyck

More than 500 WestJet employees unionize in Vancouver and Calgary

Workers said a change in workplace culture after the airline’s sale was a big part of the organization efforts

A ground worker wearing a face mask to curb the spread of COVID-19 unloads lobsters from a WestJet Airlines flight at Vancouver International Airport. THE CANADIAN PRESS/Darryl Dyck
B.C. restaurants are slated to reopen to indoor dining for the first time in nearly a month Tuesday, May 25. (Unsplash)

B.C. restaurants gearing up to welcome patrons indoors Tuesday

‘Restrictions end at midnight Monday so service Tuesday will be wide open,’ says B.C. Restaurant and Foodservices president

B.C. restaurants are slated to reopen to indoor dining for the first time in nearly a month Tuesday, May 25. (Unsplash)