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Finance & Capital Management

  • Coca-Cola recovery continues as it grows leaner in pandemic

    Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic.
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  • FCA workers approve Unifor deal to retool Windsor plant for making electric vehicles

    Unionized workers at Fiat Chrysler Automobiles Canada have voted to approve a new three-year contract, Unifor said Monday.
  • For small businesses that survive COVID, recovery is expected to be difficult

    Having 12 cases of mini eggs on hand sounds like the makings of a grandiose Easter hunt or the ultimate way to soothe a sweet tooth, but for Josie Rudderham, the confections have put her in quite the crunch.“We have joked about pouring them into a bathtub and doing a photo shoot because there is enough to do that, but really they are part of the cycle of investing in ingredients to make a lot of sales that didn't happen,” said Rudderham, the co-owner of Cake and Loaf in Hamilton, Ont.She spent the first months of the COVID-19 pandemic closing one of her two bakeries, taking on debt, laying off workers during the busy Easter season and offering curbside pickup, but the boxes remain.
  • Front-line retail workers call for the return of COVID-19 pay bump as cases spike

    Calls for the return of hazard pay are mounting as workers on the front lines of Canada's retail industry grow increasingly anxious amid rising COVID-19 cases.
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  • Irving backs away from refinery deal

    Workers to find out this week about jobs at Come By Chance Last May (2020), Irving Oil announced they would purchase the Come By Chance oil refinery owned by the New York-based investment group Silverpeak.
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  • Liberals revamp rent relief for businesses as second wave threatens job gains

    The Trudeau Liberals sought Friday to get ahead of growing economic concerns linked to rising COVID-19 case counts, vowing new and revamped business supports to keep workers on payrolls and maintain job gains threatened by the pandemic's second wave.The government plans to provide direct rent support to commercial tenants at a projected cost of $2.2 billion through the end of the year, rather than flowing the money through landlords who were not keen on a previous version of the program.A wage subsidy program will cover up to 65% of eligible costs through December, costing the treasury $6 billion over that time, and $11 billion more to a well-used loan program by providing an added $20,000, half of which would be forgivable.Even though many businesses have reopened, a number are not at full capacity while others worry about surviving a second wave.
  • Vapers, smokers take a hit as N.L. budget focuses on prevention

    If you took up vaping to avoid the taxes on cigarettes, your luck just ran out.A 20% tax on vaping products was a key feature of the Newfoundland and Labrador budget September 29, which aimed to focus as much as possible on community health and prevention.Vaping has so far escaped the province's sin tax net, even though research suggests the practice can present significant health risks, especially for teens and young adults.The province also added an extra 10 cents in taxes per gram of loose tobacco and five cents per cigarette.The budget also allocated $1.7 million for school initiatives, awareness campaigns and cessation programs to help reduce tobacco use and vaping.
  • Suncor announces staff reductions

    Pandemic and markets force 0il company's hand Calgary-based Suncor Energy Inc.
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