Would-be travellers are being denied refunds from major Canadian airlines for trips cancelled by the carriers because of COVID-19. That wasn’t the case until recently. Now, anyone without travel insurance will only get a travel credit, good for 24 months.  Grounded passengers who spoke with CBC News are angry the airlines are keeping their money for trips not…

The Canadian Transportation Agency says airlines are not required to refund passengers for flights cancelled due to the COVID-19 pandemic or other reasons outside an airline’s control.  The transportation watchdog says current rules only oblige the airline to ensure passengers can complete their trip. Over the past month, airlines have cancelled routes and slashed capacity…

The Canada Mortgage and Housing Corporation is expanding the number of insured mortgages it is willing to buy from banks to give the banks more freedom to lend out more money to consumers and businesses and keep the economy humming. The taxpayer-funded agency, which backstops the vast majority of Canada’s housing market by insuring the loans…

Those who say the value of human life cannot be measured may not know one of the dark secrets of economics. As we hear about the monstrous death rates from COVID-19 in Italy and Spain, we must face the fact that whenever there is a cost to keeping people from dying — whether in traffic…

In addition to its serious health consequences, COVID-19 is causing Canadians to worry about their financial health, according to a survey commissioned by the Angus Reid Institute. The results suggest the virus outbreak is already having a major impact on Canadians’ finances. More than a third (34 per cent) of respondents said they were worried…

Canadian furniture chain Leon’s will temporarily close 72 of its 205 stores across Canada and lay off 3,900 workers in response to the COVID-19 pandemic. The Toronto-based company, which also owns furniture chains The Brick, Appliance Canada and Midnorthern Appliance, said Wednesday the temporary layoffs represent about 50 per cent of its staff. The company said…