Air Canada is set to lay off more than 5,100 members of its cabin crews because of a dramatic drop in flights related to the COVID-19 outbreak, CBC has learned. According to a March 19 letter from Renee Smith-Valade, the airline’s vice president of in-flight service, says Air Canada has “no choice” but to cut…

Shahla Jalali has been planning her wedding day for more than two years — booking vendors, finding a venue, and picking a first dance song with her fiance. The pair settled on Stand By Me,’ the swaying ’60s classic by Ben E. King. “I won’t be afraid,” it goes, “just as long as you stand,…

“There is no such thing as society,” British Prime Minister Margaret Thatcher said in 1987, in what came to represent a declaration of the growing push for smaller government. As with many such pithy and oft-repeated phrases, there were complaints that the famous quote was misused, in this case as a stick to beat the neoconservative…

A wage subsidy, tax deferrals and $10 billion available in loans to keep companies afloat were all part of the federal government’s economic support package for small businesses announced Wednesday and late last week. Experts say they’re all welcome and important measures, but won’t be enough to save many of the companies hit hard by the coronavirus…

Stock markets were largely subdued Thursday after days of massive volatility, as investors digested new financial support measures, including the European Central Bank’s promise to funnel more than $1 trillion Cdn into the economy. Market sentiment appeared fragile as investors rushed to convert holdings to cash, bracing for a prolonged coronavirus-induced recession. After opening higher, European…

The unprecedented stock market sell-off underway has many Canadians wondering if the time hasn’t come to shut down stock markets entirely for a while, in order to give everyone a breather while the world economy deals with the coronavirus. Canada’s benchmark stock index has lost more than a third of its value in less than…