The Canadian Press

Sky Regional to shut down at the end of March after losing contract with Air Canada

Company becomes the first domestic scheduled airline to permanently shut down since the start of the pandemic.

After worst year on record, Canadian economy enters 2021 with momentum

Statistics Canada said the economy grew at an annualized rate of 9.6% over the last three months of 2020

CAE to buy L3Harris military training business for US$1.05B

The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI.

Federal deficit hits $248.2B for first nine months of 2020-21 fiscal year

Sum compares to a deficit of $11 billion in the same period a year earlier.

Home sales shifting towards pricier housing in Ottawa, CMHC says

While nearly half of all homes trading hands in the capital sold for less than $400,000 in 2019, less than a third of all transactions last year were in that price bracket, agency says.

Canadian small businesses rack up $135B in debt to survive pandemic: Report

Survey suggests the average small business owner has accrued $170,000 in debt, with businesses in the hospitality, recreation and service sectors most indebted.

Purolator expanding rural facilities amid demand from remote workers

Investment highlights how COVID-19 and the increasing prevalence of remote work are changing residential and commercial patterns across Canada.

Canada, Australia agree to co-ordinate efforts on regulation of online platforms

The growing co-operation between the two countries comes as Facebook backed down on a ban it introduced last week that prevented Australians from viewing and sharing news on its platform.

Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week

Canadian bank leaders will likely give analysts insight on how the economy is recovering in different sectors, such as mortgage borrowing, credit card spending and small business loans.